05 October 2022
Ohio is on its way to spendingroughly $560 million in COVID-19 rental assistance money, which the state had been slow in putting that money into the hands of renters. The deadline for Ohio to use its portion of the money passed last Friday, and the Ohio Department of Development did not respond by Friday. But […]
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05 October 2022
When new property managers took over the Harvard Court Apartments in Independence, many residents were forced to find a new home “They put everyone out,” one former resident said of Iron Door Management. The resident asked not to be named in fear of retaliation during an ongoing negotiation. “They told us all they would abide […]
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05 October 2022
After nearly three years of COVID-19 emergency restrictions, landlords will once again be allowed to evict tenants who have fallen behind on their rent, the L.A. City Council decided Tuesday. The unanimous vote allows the eviction protections, some of the longest-lasting in the country, to end starting Feb. 1. The restrictions have prohibited landlords from evicting renters […]
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04 October 2022
I’m an investor in multifamily real estate properties—that is, apartment buildings. My talent is in rooting out apartment buildings ripe for improvement in up-and-coming areas. Hundreds of opportunities cross my desk. When I find a needle in the haystack—the perfect investment property—my company works with investors to pool funding to buy the building. After purchase, […]
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04 October 2022
Housing is the single largest element of the typical household’s budget, and data from the SCE Household Spending Survey show that this is especially true for renters. As the housing market heated up in the latter stages of the pandemic, home prices and rents both began to rise sharply. For renters, some protection from these increases was […]
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04 October 2022
In 2010, Johnnie Jackson became the victim of a mortgage scam when he took out a loan for home repairs. Now, his lawyers say he’s at the mercy of a financial institution if wants to keep his home. His family has owned the home, located in St. Albans, Queens, since 1956, according to a statement […]
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04 October 2022
LEXINGTON, Ky. – A Lexington woman, Jyoti Agrawal, 51, was sentenced to 42 months in federal prison on Friday, by Chief U.S. District Judge Danny C. Reeves, for conspiracy to commit wire fraud, wire fraud, and money laundering. According to evidence at her trial, Agrawal was a co-owner of the company ScienceTomorrow, with Subhadarshi Nayak. […]
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03 October 2022
Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since […]
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03 October 2022
Mary lives in a tent near Green Lake in Seattle. She can’t remember the last time she lived in a regular house. She can’t remember much. Most of her day is spent combing the streets and alleyways for things she can use or sell for heroin which costs about $20 a dose or fentanyl, which costs less. […]
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30 September 2022
In the next two months, 3.8 million tenants may be evicted from their homes. The U.S. Census Bureau estimates 8.5 million people were behind on their rent at the end of August. At the same time, rent costs soar by the day. In June 2022, the median rent in the U.S. became more than $2000 a month, […]
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30 September 2022
Milwaukee’s red-hot residential real estate market is cooling — but remains healthier than the rest of the country. Milwaukee sales are holding up better than almost any other large metro area, according to an analysis published Tuesday by real estate broker Redfin. The city ranks number five on a list of slowest-cooling U.S. markets, shortly behind Chicago. Similar […]
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30 September 2022
A Sioux Falls man has been charged with defrauding multiple banks in the Sioux Falls area, according to the South Dakota U.S. Attorney’s Office. Cameron Terill Hardiman, 42, was indicted by a federal grand jury on a conspiracy to commit bank fraud and a conspiracy to launder monetary instruments, according to the press release. He […]
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30 September 2022
A Sioux Falls man has been charged with defrauding multiple banks in the Sioux Falls area, according to the South Dakota U.S. Attorney’s Office. Cameron Terill Hardiman, 42, was indicted by a federal grand jury on a conspiracy to commit bank fraud and a conspiracy to launder monetary instruments, according to the press release. He […]
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29 September 2022
Tracy Kidder’s classic 1985 book House follows a Massachusetts couple that has decided to build their dream home. To get the money for the structure itself—not including the land—they must borrow $100,000 at 13 percent interest. It’s a burden that gives the imagined house the special, binding weight of debt. If they pay it off within ten […]
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29 September 2022
US mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported on Thursday that the average on the key 30-year rate climbed to 6.7% from 6.29% last week. By contrast, the […]
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29 September 2022
NOTHING POLARIZES AN ASSEMBLY OF CITIZENS and civic leaders like a discussion about affordable housing. So, when the Dallas City Council, resolved to tackle a citywide shortage of accessible homes, met last year to consider the construction of multiple Low-Income Housing Tax Credit (LIHTC) developments, drama ensued. The thorniest proposal was for a 200-unit development in our neighborhood. […]
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28 September 2022
COVINGTON, Ky. —An Independence, Ky., woman, Hachelle Alsip, 42, was sentenced on Wednesday to 28 months in federal prison, by U.S. District Judge David Bunning, for wire fraud. According to Alsip’s plea agreement, in 2016, Victory Mortgage hired her as a loan funding representative to assist, in part, with distribution of funds with loans provided by […]
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28 September 2022
Miller Mortgage, LLC PEABODY, MASSACHUSETTS, UNITED STATES, September 28, 2022 /EINPresswire.com/ — Miller Mortgage, LLC, a licensed mortgage broker, has offered multiple low-interest mortgage loans, with a simplified borrowing process, to help homebuyers secure real estate deals. The company provides services to homebuyers specializing in the procurement of important personnel in the real estate market […]
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27 September 2022
The red-hot rental market in the U.S. is showing signs of cooling. Prices are still up from this time last year, but August 2022 was the first time the market experienced a single-digit growth in the past 13 months, according to a report from Realtor.com. At the same time, the median asking rate in the […]
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27 September 2022
Buying a home right now may feel like a pipe dream for many Americans — but good news could be on the horizon come spring 2023. However, it comes at the expense of bad news for the economy overall. As economic volatility further seeps into the US real estate market, housing activity is fading fast. That’s […]
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27 September 2022
NEWARK, N.J. – A Somerset County, New Jersey, woman today admitted fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. Attorney Philip R. Sellinger announced. Nivah Garcis, 51, of North Plainfield, New Jersey, pleaded guilty before U.S. District Judge Peter G. Sheridan in Trenton federal […]
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26 September 2022
Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow®’s latest market report1. Affordability is driving market momentum: Low-cost markets remain competitive while prices drop the fastest in both the most expensive markets and those that witnessed the strongest appreciation during the pandemic. n addition to affordability challenges, […]
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