He bought the two-story, 1970s-era 100-unit apartment complex just outside of downtown Denver for about $ 7 million back in 2012. Two years later, the city's new light rail system reached Wadsworth Station's doorstep, and eager investors seeking to buy the property came calling.
Recently, the U.S. District Court for the Northern District of California allowed a complaint filed by the city of Oakland against a large national bank, alleging both intentional and disparate-impact racial discrimination in the bank's mortgage loan practice. While the court allowed the suit to go forward, it did dismiss claims based on an allegation…
Trading grew exponentially. And well-greased politicians looked the other way. The Financial Crisis Inquiry Commission summed it all up in two words – “pervasive permissiveness.” Foreclosure News
Debt is a four-letter word. Sometimes it is uttered with awe or reverence, but currently it prompts epithets like a four-letter Anglo-Saxon term unfit for print. Foreclosure News
NRZ is currently in a sweet spot in which rising rates, a strong and accelerating economy, and high share price mean strong growth will likely continue. However, there are numerous risks to NRZ's business model, which means the generous 11.2% dividend might not survive the next recession. Foreclosure News
Miami is the first city to study the impacts of climate gentrification, a shift in consumer preferences for higher ground as climate change sends sea levels rising that displaces poor residents of color in Miami's few high elevation communities. When Paulette Richards answered the door of her Little Haiti home a year ago, she found…
The eruption has destroyed 26 homes , and more homes are still at risk. Wells Fargo and Bank of Hawaii have implemented disaster relief policies for those affected by Kilauea. Foreclosure News
