Tuesday, February 15, 2022

Institutional Sale Leaseback Peddlers Facing Equitable Mortgage Re-Characterization Threats?

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There has recently been an apparent influx of companies entering the real estate market that seek to "institutionalize" the busine...
Wednesday, December 16, 2020

Big Money Wall Street Operators Now Entering Sale Leaseback Rackets Targeting Financially Distressed Homeowners

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 In New York City, The Real Deal (New York) reports: Sale-leaseback deals are becoming an increasingly popular investment option as homeown...
Wednesday, September 06, 2017

Tenants Screw Landlords: Renters Use Airbnb To Run Illegal Flop Houses, Subletting Homes To Travelers, Sticking Unwitting Property Owners With Huge Tab For City Fines, Legal Bills

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In Miami Beach, Florida, CNBC reports: Drew Grewal faced fines of nearly half a million dollars because his Miami Beach home was being l...

Landlord Screws Tenant: Promised "Money Off Rent" To Lease Fixer-Upper, Couple Begins Repairing Home, Then Finds Out Premises Was Earlier Condemned By Code Enforcement & Now Faces Wrecking Ball

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In Bucyrus, Ohio, the Telegraph-Forum reports: Weeks of unpaid work behind them, a Bucyrus couple learned Wednesday [August 30] that they...
Tuesday, September 05, 2017

Landlord Agrees To Pay $120K+ In Inspection & Abatement Costs, Penalties To Settle Environment Feds' Allegations Of Failing To Provide Prospective Tenants With Lead Paint Disclosure Information When Renting Apartments

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In New Haven, Connecticut, the New Haven Register reports: A landlord in the city with one of the largest holdings has agreed to perform...

Lawsuit: Potentially Thousands Of Former Tenants Were Allowed To Live In 1,100-Home Military Housing Complex Without Warning Of Serious Environmental Contamination

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In Laurel Bay, South Carolina, The Beaufort Gazette reports: Potentially thousands of former Laurel Bay residents were not warned of seri...
Monday, September 04, 2017

About 3/4 Of All Homes In Southern Illinois City To Be Targeted For EPA Soil Cleanup; Long-Defunct Zinc-Smelting Factory At Center Of Environmental Concern

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In LaSalle, Illinois, the News Tribune reports: About 2,778 homes will need soil excavated over nearly 15 years at a federal cost of almo...

Despite Threats Of Major Federal Budget Cuts, EPA Cleanup Continues For Arsenic & Lead-Contaminated Soil For Approx. 4,000 Evansville Neighborhood Homes; Finger Of Blame For Tainted Properties Points To Manufacturing Operations That Took Place Locally Over 100 Years Ago

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In Evansville, Indiana, WKU-Radio 97.5 FM reports: The Environmental Protection Agency is about halfway through the cleanup of an Evansvi...

State Regulators Say Soil At Over 10,000 Homes In Southern California May Have Been Affected By Lead Emissions Drifting From Now-Shuttered Battery-Recycling Plant; Company Denies Fault, Points Finger Elsewhere

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In Los Angeles, California, the Los Angeles Times reports: By this fall, California’s Department of Toxic Substances Control plans to beg...
Sunday, September 03, 2017

About 100 Residents Get The Boot On 24 Hours Notice After Multiple Uncured Code Violations Force County Fire Officials To Shut Down Financially Struggling, 7-Story Twin-Tower Complex Offering Cheap Lodging

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In Temple Hills, Maryland, The Washington Post reports: About 100 people were ordered out of two squalid Temple Hills condominium buildin...

Foreclosing Bank Announces Building Closure After Being Left Holding The Bag On Aging, Dilapidated, Crime-Ridden Apartments, Forcing Over 100 Poor Families To Scramble For Scarce, Affordable Housing

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In New Orleans, Louisiana, The New Orleans Advocate reports: After widespread maintenance and crime issues within the Chateu Lane apartme...

Aging, Antiquated Structure, Multiple Building Issues Force Nursing Home Operator To Shut Down Care Home; Emotions Run High For 89 Vulnerable, Soon-To-Be Displaced Residents & 128 Employees

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In Parksley, Virginia, DelmarvaNow.com reports: Riverside Health System announced Tuesday [August 22] it will close its nursing home in ...
Saturday, September 02, 2017

Regional Authority OKs $235K In Free Money To Mobile Home Park Landlord For Infrastructure Upgrades In Exchange For Commitment To Allow Lot-Leasing Homeowners In 189-Pad Park To Remain Without Unreasonable Future Rent Hikes

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In Corcoran, Minnesota, the Star Tribune reports: The Metropolitan Council voted Wednesday [August 23] to award nearly $235,000 in a pilo...

44 Lot-Leasing Homeowners To Dodge Boot, Leveraging Professional Assistance From Nonprofit, Free Federal Money For Infrastructure Upgrades To Form Co-Op, Buy Out Retiring Landlord

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In Castleton, Vermont, the Rutland Herald reports: Robin Crowningshield said she had to step up to stay put. Crowningshield is chairwom...

City Leverages Disaster Relief Funds To Buy Out Mobile Home Park Landlord, Promises Residents Infrastructure Upgrades, No Displacements, Search For Long-Term Owner Such As Co-Op, Nonprofit To Ensure Affordability, Stability

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In Boulder, Colorado, the Daily Camera reports: Boulder has purchased the Ponderosa Mobile Home Park, a Boulder County enclave in the nor...
Friday, September 01, 2017

Mobile Home Park Tenants Struggle With Homelessness After Being Rented Condemned Trailers, Then Getting Booted By Local Code Enforcement Without Notice Soon After Moving In

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In Tucson, Arizona, the Arizona Daily Star reports: Seeking the desert climate, Donna and Derek Wilson moved their five children from sou...

Single Mom Gets Stung In Craigslist Rent Scam, Paying $4K To Move Into Rental Home, $5K In Needed Repairs Only To Find Out Property Was A Bank Foreclosure & Purported Landlord Was A Scammer

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In Chicago, Illinois, WBBM-TV Channel 2 reports: A mother in the South suburbs moved into a dream house with her kids, only to learn she ...
Thursday, August 31, 2017

Anonymous Call To Abuse Hotline Triggers Probe, Subsequent Arrest Of Woman Suspected Of Abusing POA To Steal Money From Elderly Mom; Loot Believed To Include Proceeds From Sale Of Victim's Home

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In Yulee, Florida, WJXT-TV Channel 4 reports: A woman was arrested Friday [August 25], accused of exploiting her own mother for financial...

Cops: Caregiver Emptied Out Vulnerable Man's Bank Account, Stiffing His Landlord, Leaving Him Broke, Causing Victim To Get The Boot

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In Ninety Six, South Carolina, the Index-Journal reports: A Ninety Six man ended up homeless after his bank account was emptied by a woma...
Wednesday, August 30, 2017

Special Home Mortgages For Seniors Experience High Default Rates, Despite Terms Requiring No Periodic Loan Repayments

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From a recent story in The Washington Post : [A]cross the nation, an increasing number of seniors are facing foreclosure after taking out ...

Managing Agent Gets Pinched For Allegedly Forging Condo Board Members' Signatures To Illegally Siphon $100K From HOA's Line Of Credit, Using The Loot As His Personal Spending Cash

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In Hackensack, New Jersey, nj.com reports: A Hasbrouck Heights man is accused of embezzling $100,000 from the accounts of a Bergen County...