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Renter accused of wiring nearly $3K from landlord's bank account

A New York woman is accused of making nine Western Union transactions totaling nearly $3,000 from her landlord's bank account.

Issaka Mohammed, 23, of the Bronx, allegedly made the transactions sometime between March and May.

The victim, Gerald Johnson, reported to Lower Saucon Township police the nine transactions totaling $2,976 were made on his business account, Alta Enterprise. He also found a fraudulent check through his Embassy Bank account was made with his forged signature and the company's logo on the check was hand drawn, according to police.

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REAL ESTATE Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent

The foreclosure crisis turned America into a market of renters—and rent collectors.

Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA rocket sites at Cape Canaveral and the Kennedy Space Center.

They weren't just hunting for a place to live. As they get ready to move this year, they’re also looking for single-family homes they can buy, fix, and rent out.  

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The New “Underwater” Home

In a recent report from Zillow, according to climate scientists, if sea levels rise as much as predicted by the year 2100, almost 300 U.S. cities could potentially lose at least half their homes as well as 36 U.S. cities could be completely lost. If this situation takes place based on Zillow's calculations, it may turn out that actual water poses almost as much of a problem for the housing market in the future as negative equity has in the past.

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Judge rules that landlord’s refusal to rent to tenant with Section 8 voucher is illegal

PITTSFIELD, Mass. (WWLP) – A Western Division Housing Court Judge issued a summary judgement, finding that a family that owns 10 rental properties in Massachusetts, engaged in unlawful discrimination in refusing to rent to an applicant solely because her Section 8 voucher was administered by the Berkshire Housing Development Corporation.

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The Price You Pay for an SFR Property

Rents for properties backing single-family rental (SFR) securitizations climbed by 5.4 percent in June from their prior contractual rents, according to Morningstar Credit Ratings’ June 2016 Performance Summary Covering All Morningstar-Related Securitizations.

In fact, Morningstar’s data showed that the rents on properties backing SFR securitizations outpaced year-over-year increases on three- and four-bedroom RentRange, LLC median rents—and that the average contractual rents in top SFR metros are mostly higher than their property-level RentRange estimates.

The analysis aggregates rent changes across 24 SFR securitization and nearly 93,000 properties, according to Morningstar.

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Boomerang Buyers Bounce Back

After seven years passing for the black mark of foreclosure to be removed from consumer credit reports after the foreclosure peak in 2010, 1.9 million homeowners will have met the required time after which the Fair Credit Reporting Act requires derogatory information to be removed, according to a report from CoreLogic’s Kristine Yao.

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Homeownership Rate in the U.S. Drops to Lowest Since 1965

The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters.

The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5 percent in the previous three months.

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What Is a Zombie Foreclosure and Why Do They Occur?

Zombies are everywhere lately, it seems. TV shows, video games, even chasing runners during special 5K races.

You might even have a zombie next door. The first sign of trouble: An unmaintained yard, growing wild amid summer heat and rain.

"Zombie" properties — homes abandoned by the owners, but still not reclaimed by banks — continue to be a problem in Brevard County, Fla., even as the worst of the foreclosure crisis has passed.

In Brevard, there were 6,920 homes somewhere in the process of foreclosure in June, according to RealtyTrac, a California-based real estate information company.

Of those, 1,903 are homes vacated by their owners, the company said.

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Single-family home investment still a smart choice

Orlando’s increasing median home prices and decreasing inventory make it appear that opportunities for residential real estate investment are limited. However, like all investment types, if you seek to find the greatest prospects the economy presents, you’ll see that they indeed exist.

The fundamentals of real estate investment – including buying low and selling high – can be applied to any deal in any market regardless of economic climate. Market fluctuations aren’t permanent and won’t have a big impact on ROI if the economics of the investment are sound. Those successful in flipping follow the principle of finding homes below value replacement costs, thus having built-in equity from the start.

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Housing Council Sues Landlord Discriminated Against Section 8 Voucher-holders

According to the Metropolitan St. Louis Equal Housing and Opportunity Council, some landlords are still ignoring the rule and denying homes to people who get the government's help to pay their bills.

 

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Landlord: so-called mold expert "nightmare" tenant

Gainesville, Ga. - She thought she'd have no trouble one day selling her 10,000 square foot home in a gated community, complete with a beautiful view of Lake Lanier. Instead, a Hall County widow ran afoul of her tenant, a man known as the Mold Doctor.

Michael Pugliese -- aka the Mold Doctor -- faces a Georgia Medical Board investigation sparked by complaints from patients and former employees. He said he's done nothing wrong. Try telling that to a frustrated former landlord who still owns the home that Pugliese supposedly claimed was making his own family sick.

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Tenant sneaks very important clause into his landlord's lease

When Redditor GloriousGherkins was delivered his lease to sign by his landlord, it was sent in a Word document instead of a .pdf file, meaning GloriousGherkins could alter the text in any way he wanted.

So the crafty renter decided to sneak in an extra clause, stating that the landlord must provide birthday cakes to the renters.  The clause, which is number 16 on the lease reads, "Lessor shall provide birthday cake for Lessee(s) in the weekend closest to their birthdays, which are June 7 and February 17. Vanilla cake is not acceptable."

In the comments, some Redditors argued about the sneakiness being illegal, but GloriousGherkins insisted that he is going to hold his landlord to the deal.

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Kansas City landlord faces felony charges for allegedly forging judge’s signature

KANSAS CITY, Mo. -- The last time FOX 4 Problem Solvers saw Miles Thomas, he didn't want anything to do with us. In fact, he pulled his T-shirt over his head when we tried to film him.

FOX 4 wanted to talk to Thomas about the homes he's been renting and selling in Kansas City which, according to multiple lawsuits and Jackson County property records, he doesn't own.  The real homeowners have even called police, hoping to have Thomas arrested. But police say it's a civil matter.

Until now.

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Renter's guest threatens to burn down landlord's house, police say

SLATINGTON, PA -- A man told to leave the apartment where he was illegally staying repeatedly threatened to burn down the landlord's house, according to Slatington police.

Mark Rondeau, 46, was arraigned Tuesday morning on charges of making terroristic threats and harassment.  Rondeau, whose last address was in Kernersville, North Carolina, was sent to Lehigh County Jail in lieu of $10,000 bail.

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Displaced Austin Tenants Formerly At Lakeview Apartments Sue Landlord After Mass Evictions

Austin, TX -- Former tenants of the Lakeview Apartments -- now the site of a future Oracle Corp. campus after a property sale -- filed a lawsuit on Monday against their former landlord for terminating their leases early.

Last year, dozens of residents at Lakeview Apartments were unceremoniously evicted from their homes with short notice. Oracle Corp.-- the world's second-largest software company -- later separately announced plans to build a huge campus on the site where Lakeview Apartments is located, yielding the reason why the residents have been evicted in the first place.

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Missing crack pipe leads Florida woman to allegedly beat landlord

When a Vero Beach woman couldn’t find her crack pipe, she snapped and punched her landlord in the jaw.

According to an arrest affidavit obtained by TC Palm, 41-year-old Mireille Hoffman of Vero Beach could not find her crack pipe on June 21 and took her anger out on her landlord.

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Toledo Council Considers Landlord Lead-Based Paint Legislation

Big changes could come to residential rental properties in Toledo, if lead legislation is passed. The ordinance would require residential rental single-family homes and duplexes to get lead tested if they were built before 1978.

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Britain's biggest landlord caught in Brexit turmoil - as he attempts to sell 1,000 properties 

Britain's biggest landlord has been caught in Brexit turmoil as he attempts to sell 1,000 properties just as buyers are stalling and pulling out of deals en-mass over market fears.

Fergus Wilson had planned to offload his entire portfolio of around 900 houses to a pool of foreign investors, which include both wealthy individuals and institutions.

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Landlord boosts rent from $1,800 to $8,000 overnight

Anyone who lives in a big city understands the stress that comes with lease renewal. It's a time when rent could potentially go up, and you have to decide if it's worth it to eat the cost or if it's time to find a new place to stay.

Some landlords take advantage of this and bump the rent up a couple hundred dollars a year.

Other landlords, like one in San Francisco, take "taking advantage" to the next level and raise the rent by more than four times the original cost.

The tenant's rent went from $1,800 a month to $8,000 a month!

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Judge Rules In Favor of Landlord in Lawsuit Against Philadelphia Gas Works

PHILADELPHIA (WPVI) -- A contentious collection process used by Philadelphia Gas Works has been declared unconstitutional by a federal judge after one customer got fed up and sued PGW.

Philadelphia landlord David Wolf, who we interviewed 3 years ago, launched a one-man fight against Philadelphia's utility giant after he says they illegally placed liens on his property for gas he never used.

Now a judge ruled in his favor, stopping PGW's collection process in its tracks. "I'm outraged. That's just putting it mildly," said Wolf.
When we first met Wolf, the Philadelphia landlord was facing $30,000 in liens, placed on his properties by Philadelphia Gas Works.

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Median home price in Northeast Florida hits 8-year high in May

The number of homes sold in Northeast Florida dropped a bit last month, but they sold for the most they have in eight years.

The median selling price for homes in the area hit $193,000 in May, according to the Northeast Florida Association of Realtors. The last time it was that high was June 2008 before prices began a 3½-year slide.

The median price bottomed out in January 2012 at $110,000.

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