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Fewer Foreclosures in July as Servicers Seek Alternatives

 

The number of completed foreclosures saw declines both monthly and yearly, according to CoreLogic's most recent foreclosure report. In July, 58,000 homes were lost to the foreclosure process compared to 69,000 in July 2011 and 62,000 the month before in June. Five states accounted for nearly half (48.1 percent) of all completed foreclosures over a one year period ending in July 2012. Those states were California (118,000), Florida (92,000), Michigan (61,000), Texas (57,000), and Georgia (54,000).  Read More

Rental Market Still Tightening: Moody's

 

With vacancies declining and rental prices rising, the climate in the housing industry is clearly warming up to rental properties. According to Moody’s Analytics, “weak income gains, favorable demographics, and the foreclosure crises” are all causing people to choose renting over buying, and demand for rent will remain solid over the next two years.

 

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Positives of Negative Equity on Home Prices: CoreLogic

 

Dclines in the share of REO properties and in the months’ supply of unsold inventory are all leading to a revival in home prices, and these drops are being driven, in part, by negative equity, CoreLogic concluded in a report.

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Asking Prices Flat in May While Rent Increases: Trulia

Asking prices fell flat in May after three consecutive monthly increases while also decreasing from the year before, according to reports from Trulia.

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Expiring Mortgage Debt Relief Act Fuels Strategic Default: Survey

 

A foreclosure prevention agency found that the pending expiration of the Mortgage Debt Relief Act of 2007 is prompting struggling homeowners to strategically default on their loan.

 

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Zillow: Home Values See Highest Monthly Increase Since 2006

 

Zillow issued a released Friday reporting that both national home values and rents rose in the month of April.  According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up.

 

Zillow issued a released Friday reporting that both national home values and rents rose in the month of April.  According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up.

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Local familes scammed by fake landlord

 

Jennifer Cheshier was excited to move out of her mother's house. She and her husband found a nice home for rent on Craigslist. She toured the house in southwest Bakersfield last month. The couple loved it and paid a cash deposit on the spot. But, when she tried to move in earlier this week, the door was wide open and the place was a mess.

 

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Baltimore landlord sentenced for lead paint violations

 

BALTIMORE - A Catonsville man was sentenced Wednesday to a year in prison Wednesday for lead paint violations in rental properties he owns throughout Baltimore City.

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Landlord wants more off-duty cops in apartments

 

Prospect Park apartment manager Paul Scheurer has seen the benefits of having a police officer live nearby. Immediately after he started renting to an officer, he said a notorious troublemaker moved out.  Scheurer said with an increase in large luxury apartment complexes in Stadium Village, the small amount of officers in the area is concerning. He wants more landlords to follow his lead and offer subsidized housing to police.

 

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Renters Running Background Checks On Landlords

 

CHARLOTTE, NC- A criminal past or financial trouble could put a landlord on a city's blacklist.  Charlotte doesn't have a list yet, but more renters are doing background checks on potential landlords. 

 

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What Is Hot in Landlord-Tenant Law

 

St. Augustine.com -- Bad news for renters:  the heat is on, but the A/C does not have to be.  Renters are entitled to live in units with running water, electricity, garbage service, working elevators (if applicable), refrigeration, gas, and heat, but air conditioning is non-essential on the list of legal requirements.  

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Bipartisan Lead Paint Bill would Ease Regulatory Burdens without Compromising Safety

 

June 7, 2012 - Responding to concerns from the National Association of Home Builders (NAHB) and affiliated trade groups, Reps. John Sullivan (R-Okla.) Tim Murphy (R-Pa.) and a bipartisan list of original co-sponsors today introduced legislation to make much-needed improvements to the Environmental Protection Agency’s Lead: Repair, Renovation and Painting (LRRP) rule.

 

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Florida wages sign fight with robo-calling campaign

 

HOLLYWOOD, Fla. – June 7, 2012 – Florida is fighting back against a siege of signs that are increasingly covering its streets and neighborhoods, marketing everything from “We Buy Houses!” to “Avoid Foreclosure!”

 

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Alert Landlord Sees Bullet Holes, Calls Police

An alert landlord helped Omaha Police arrest a man on weapons and drug charges after he shot up the inside of his apartment.

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NYC Landlord Shares 8 Reasons Why He Turns People Away

 

Want to know what turns landlords off and push the reject button on renters? Well, so do we, so we decided to ask one.  A friend referred us to Brooklyn landlord Chris Athineos.

 

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After housing crash, some banks become landlords

Banks becoming landlords is the latest fallout from the real-estate bust. It's a decision few banks have pursued locally or nationally, but some in the banking industry say it could pick up steam as financial institutions tire of fire-sale prices on foreclosed properties.

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Prices Show Strongest Year-to-Year Gain in 6 Years: NAR

Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million.

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Advocates parade in support of pit bulls

The event was Pit Bulls on Parade. Houliaras’s group, B-More Dogs, has organized such events monthly for more than a year to improve public perceptions of pit bulls. But this week’s promenade drew twice as many pit bull owners because of a recent Maryland Court of Appeals ruling that declared the dogs “inherently dangerous.”

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BofA Offering Up to $30K in Relocation Assistance for Short Sales

Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000.

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Giving landlords access to tenants’ bank accounts

To dwell in an apartment is to be free of snow shoveling but beholden to a company that raids your savings and invades your privacy. How else to explain an appalling new national trend requiring tenants to provide access to their bank accounts as a condition of moving in or renewing a lease?

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Three Refinancing Bills Propose Cutting Red Tape to Expand Eligibility

At a time when mortgage rates have hit record-low numbers, HUD Secretary Shaun Donovan stressed urgency in passing housing refinance bills on President Barack Obama’s “to-do” list for Congress.

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