Local Real Estate Investors Provide Alternative to Foreclosure

PITTSBURGH, Oct. 24, 2020 /PRNewswire-PRWeb/ — Working with homeowners in western Pennsylvania and eastern Ohio, PGH Cash Buyers helps people who are looking to sell a home quickly or sell without a realtor. The company’s services are intended for sellers who are facing foreclosure and or a job loss/relocation due to the COVID-19 pandemic. Paying cash for homes with a quick closing, PGH Cash Buyers enables sellers to not only get the funds they need, but sooner than they may through a traditional means of selling.

“We are always working toward a win-win situation,” said Kyleigh Haynes, CEO of PGH Cash Buyers. “If we can help you get cash for your home, for whatever reason, in a quick and easy process that positively affects your life, that’s our goal.”

In addition, the company closes on the date of the homeowner’s choice and covers all closing costs. Homes

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Columbus man faces indictment for fraud related to multiple properties

John Futty
 
| The Columbus Dispatch

A Columbus man whose company was identified in a Dispatch investigation as obtaining and cashing a $38,000 check that belonged to a foreclosed homeowner was indicted Tuesday for that case and other alleged schemes that cost victims more than $400,000.

Carl Levell Renier, 48, faces a 36-count indictment that includes a charge of engaging in a pattern of corrupt activity and multiple felony counts of identity fraud, forgery, money laundering, tampering with records, theft and crimes against the elderly, the Franklin County prosecutor’s office announced.

Foreclosed & Fleeced, an award-winning Dispatch investigative series, reported in August 2019 about how some foreclosed homeowners are cheated out of surplus funds that remain after the sheriff sales of their properties. The series prompted an investigation of Renier by the Franklin County sheriff’s office.

The sheriff’s investigation determined that, in addition to the crimes committed against the foreclosed

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New York Commercial Eviction, Foreclosure Ban Extended

Gov. Andrew Cuomo (Getty, iStock)

Gov. Andrew Cuomo (Getty, iStock)

Landlords looking to boot non-paying commercial tenants will have to wait until the new year.

New York’s moratorium on commercial evictions and foreclosures due to non-payment of rent will be in place through Jan. 1, 2021, Gov. Andrew Cuomo announced in a press conference Tuesday.

The governor can only extend the ban for 30-day periods — meaning the latest order will need to be renewed again on Nov. 19. A spokesperson for the governor’s office said the ban would remain in place.

Cuomo said the commercial eviction and foreclosure moratorium would align with the rules governing residential evictions, although the legislation limiting some residential evictions is not a blanket moratorium — it allows tenants to raise a defense in non-payment cases, and allows landlords to seek a money judgments instead of eviction if the tenant is eligible. As of last week in Rochester, 27 eviction

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New York commercial eviction, foreclosure halt extended again

Albany, N.Y. — New York’s halt to commercial evictions and foreclosures has been extended through Jan. 1.

Gov. Andrew Cuomo announced a moratorium on commercial evictions and foreclosures earlier in the coronavirus pandemic and has extended the order several times. He announced the latest extension today.

Residential evictions have also been halted.

“The health and economic impacts of this pandemic have been devastating, and we are continuing to do everything we can to support people who are suffering,” Cuomo said in a press release.

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Mich. Residents Granted Class Status In Tax Foreclosure Row

Law360 (October 19, 2020, 8:25 PM EDT) — A U.S. district judge certified a class of property owners challenging Michigan counties’ practices of auctioning tax debtors’ property and keeping the excess proceeds.

U.S. District Judge Thomas L. Ludington on Friday certified a class of Michigan property owners with tax debts whose property was seized and sold by 27 Michigan counties for more than the original debt, after which the counties kept the excess proceeds. The judge appointed Thomas Fox, who brought the suit against the counties in 2019, as the class representative. Fox claimed that a state statute prohibiting the return of excess proceeds from a tax foreclosure sale to…

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Foreclosure rates bottom out in Sarasota-Manatee, but more homeowners in trouble

Some mixed signals came out last week on the state of homeowners in Southwest Florida.

The good news: foreclosure activity has fallen to historic low levels in the Sarasota-Manatee region.

The bad: more local homeowners are falling behind on their mortgage payments, a troubling sign that foreclosure rates could head up in the months ahead.

And even the positive report on foreclosures is tempered by the fact that many lenders can’t file actions against delinquent borrowers because of government moratoriums that have stopped most foreclosures during the coronavirus pandemic.

Some experts believe foreclosure filings may soon explode.

The Sarasota-Manatee area reported 75 properties with foreclosure filings in the third quarter, down by 29% from the previous quarter and by 88% from a year ago, according to listings portal RealtyTrac. That’s one in every 5,659 homes, a rate than ranked 120th out of the 220 largest U.S. metros measured.

Nationwide,

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State’s eviction, foreclosure moratorium has expired

Thousands of Massachusetts families are at risk of losing housing amid the coronavirus pandemic as the state’s eviction and foreclosure moratorium has come to an end.



a bench in front of a building: Boston apartments


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Boston apartments

That ruling, which expired Saturday, had protected tenants from being kicked out of their homes during the COVID-19 crisis.

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There were protests across Boston during the past few days calling for an extension of the moratorium.

Gov. Charlie Baker and his administration have announced millions of dollars in additional resources for people who are having trouble paying rent.

Upon the expiration of the state’s moratorium, a U.S. Centers for Disease Control and Prevention moratorium immediately kicked in. Residents, however, have to meet certain eligibility requirements in order to be protected by the CDC moratorium.

This comes as many landlords and banks have been footing the bill, and concerns growing over

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State’s eviction and foreclosure moratorium coming to an end

Thousands of Massachusetts families are at risk of losing housing amid the pandemic as the state’s eviction and foreclosure moratorium is set to end Saturday.



a bench in front of a building: Boston apartments


© Provided by WCVB Boston
Boston apartments

That ruling has protected tenants from being kicked out of their homes during the pandemic.


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There have been protests across Boston during the past few days calling for an extension of the moratorium.

Although it expires Saturday, the Baker administration has announced millions of dollars in additional resources for people who are having trouble paying rent.

When that expires, a CDC moratorium will also kick in immediately, but residents have to meet certain eligibility requirements.

This comes as many landlords and banks have been footing the bill, and concerns growing over people taking advantage of the moratorium.

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‘Last-ditch’ effort made to extend eviction, foreclosure moratorium before it expires dies in Legislature

Theatrics outside a courthouse, calls from the federal delegation and a last-ditch legislative Hail Mary weren’t enough to bring lawmakers back to the State House to act on a bill to extend an eviction and foreclosure ban set to expire on Saturday.



a group of people lying on the ground: BOSTON, MA. - OCTOBER 15: Protesters lay down during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts.  (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)


© Provided by Boston Herald
BOSTON, MA. – OCTOBER 15: Protesters lay down during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts. (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)

“This was a last-ditch effort … but it’s disappointing,” state Rep. Mike Connolly said after lawmakers — by their inaction — decided to allow the clock on the moratorium to run out.

The Cambridge Democrat was able to get a bill to extend the temporary ban on evictions and foreclosures passed in the House, but it didn’t vote until the Senate had already adjourned for the weekend.

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‘Last-ditch’ effort to extend eviction, foreclosure moratorium before it expires dies in Legislature

Theatrics outside a courthouse, calls from the federal delegation and a last-ditch legislative Hail Mary weren’t enough to bring lawmakers back to the State House to act on a bill to extend an eviction and foreclosure ban set to expire on Saturday.

“This was a last-ditch effort … but it’s disappointing,” state Rep. Mike Connolly said after lawmakers — by their inaction — decided to allow the clock on the moratorium to run out.

The Cambridge Democrat was able to get a bill to extend the temporary ban on evictions and foreclosures passed in the House, but it didn’t vote until the Senate had already adjourned for the weekend. Connolly’s bill sought to circumvent the typical process and trigger an immediate floor vote — something that required approval by both houses.

State Sen. Pat Jehlen, who is sponsoring twin legislation in the Senate, said housing advocates’ last hope now lies

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