News and Views
City officials in Hemet hope to buy rental four-plexes that have gone into foreclosure and where the banks have evicted many of the tenants. Results of negotiations between the city attorney and property owners will be reported Monday.
The state legislature remains beholden to the real estate interests that roam the halls of the Capitol and fund political campaigns of both major parties. Real estate industry power in Sacramento was on full display in 2018 with the following losses in the Capitol:
"Fueled by persistently high unemployment rates, completed foreclosures surged 56.7 percent over the first half of the year, placing foreclosures on pace to surpass their recent high in 2008, according to figures released Tuesday morning."
A Pennsylvania city considers charging property owners for building inspections, as a means to address both habitability issues and budget concerns.
Amid the jobless recovery, some landlords are showering flat-screen TVs, cash, rent cuts and other incentives on tenants to encourage them to renew their apartment leases and thus avoid the expense of filling empty units.
Approximately 30,000 tenants gathered in East Point, a suburb just outside of Atlanta, to stand in line for a Section 8 housing application. There are 455 newly available Section 8 vouchers, which renters can use anywhere in the country.
Judge Green orders FL-based special servicer LNR Property to make $2.5 million in repairs at 10 foreclosed buildings in the Bronx.
Unable to afford Hawaii rents (the highest in the nation), tenants of Kalihi home lived in substandard conditions because it was all they could afford. The home recently collapsed and displaced the tenants.
Citing high unployment and the weak economy, Los Angeles City Councilman Richard Alarcon called Wednesday for a one-year moratorium on increases for rent-controlled units.
California-based management company Proresidential has failed to pay the water bill for its tenant-occupied apartment complex in Oklahoma. The city has moved to shut off water service, and tenants have until Christmas to vacate.
The Massachusetts State Senate is considering the woes of tenants victimized by the foreclosure crisis. It recently gave unanimous support to a law that targeted stabilization of the neighbourhood by giving protection to the tenants from eviction due to foreclosure. The Senate gave the nod to Act to Stabilize Neighborhoods.
With the decision, the city can now form its rent stabilization board.
Senior tenants of the famed New York building fight back against the building owner who is claiming hardship.
According to this USA Today article, many families affected by foreclosure are dealing with their housing problems by moving in with relatives. This phenomenon may contribute to increasing vacancy rates across the nation.
"Foreclosure crisis reaches boiling point in Miami's Liberty City"
A medical marijuana grower finds that some landlords don't want even legal pot in the building.