Landlord Reveals Secret to Removing Squatters Without Expensive Legal Battles

Fraud, Legal, Residential / By

Published by FOX Business | May 5, 2023 Florida landlord shares little-known method that allows police to remove squatters A real estate investor who was recently the victim of squatters is using his experience to help other landlords avoid court through a little-known Florida statute. After recruiting a local news station to cover his situation …

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CFPB Issues Further Guidance on ‘Zombie Mortgages’

Legal, Mortgages / By

Published by DS News | April 26, 2023 Debt collectors now attempting to collect on these zombie second mortgages may be in violation of the Fair Debt Collection Practices Act. The Consumer Financial Protection Bureau (CFPB) has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages” due to the fact …

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Billionaire Mogul Warns a Storm is Coming in the Real Estate Sector

Commercial Property, Economy / By

Published by FOX Business | May 1, 2023 Berkshire’s Charlie Munger issues warning for U.S. commercial property market Berkshire Hathaway Vice-Chair Charlie Munger said Monday that a storm is brewing in the U.S. commercial property market. As property prices fall, Munger said American banks are “full of bad loans.” “It’s not nearly as bad as it was in …

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Rent Prices Stop Shooting Up—and Even Fall in Some Parts of the Country

Rental Property, Residential / By

Published by REALTOR.com | April 25, 2023 Rents across the country continued to tick up in March—but at a much slower pace. Tenants shelled out about 2.5% more last month compared with a year earlier in the 50 largest metropolitan areas, according to the most recent Realtor.com® rental report. Nationally, the median rent was $1,732 a …

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It’s Deja Vu in the Housing Market—Is It 2006 All Over Again?

Housing Market, Residential / By

Published by REALTOR.com | April 25, 2023 The question on the minds of homebuyers, sellers, and homeowners is what is going to happen with home prices. Does this sound disturbingly familiar? Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling. The number of home sales has dropped. Is it 2006—the year that saw the …

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Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners With Good Credit

Mortgages, Residential / By

Published by FOX News | April 19, 2023 Interest rates for mortgages have roughly doubled over the past year A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers. Experts believe that borrowers with a credit score of about 680 …

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Homebuilder Sentiment Jumps to Highest Level Since September

Housing Market, Residential / By

Published by FOX Business | April 17, 2023 Confidence among U.S. homebuilders jumps as mortgage rates fall Confidence among builders in the U.S. housing market increased more than expected in April as declining mortgage rates and low inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures …

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