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Residential, US Real Estate

HUD's proposed rule change could limit housing discrimination lawsuits

By Mike Wheatley | August 23, 2019
The Department of Housing and Urban Development is proposing a change to its fair housing rules, but critics say the move could result in less discrimination lawsuits. The HUD has proposed a change in its regulations that would do away with the so-called “Disparate Impact rule”, which is often used as a way of enforcing […]
US Real Estate

HUD to donate $47 million for grants to housing counselors

By Mike Wheatley | October 19, 2018
Some $47 million of funding has been earmarked by the U.S. Department of Housing and Urban Development to go towards providing housing counseling grants. The money will be used to help around one million low income households avoid foreclosure or find new housing. HUD Secretary Ben Carson announced the new funding initiative, saying that HUD-approved housing […]
Featured News, Mortgage, Real Estate

HUD could see $8.8 billion slashed from its budget under Trump proposal

By Mike Wheatley | February 16, 2018
The Department of Housing and Urban Development is facing budget cuts that could impact, and even force it to close some of its programs. President Donal Trump’s proposed fiscal year 2019 budget would cut the HUD’s funding by $8.8 billion,
Featured News, US Real Estate

Senate approves former presidential candidate Ben Carson as new HUD secretary

By Mike Wheatley | January 26, 2017
A U.S. senate committee has voted unanimously to approve former Republican party presidential candidate Ben Carson as the new secretary of the Department of Housing and Urban Development.
Real Estate, US Real Estate

HUD steps up to defend non-English speakers' housing rights

By Mike Wheatley | September 27, 2016
The Department of Housing and Urban Development (HUD) has had to step in with new guidance reminding people that those with limited English proficiency are also protected under the Fair Housing Act.
Investing, US Real Estate

Using FHA to Pay for your Investment Rehab

By Daniel Doran | June 29, 2012
Short sales and foreclosures are the two most prevalent vehicles for investors looking to purchase distressed properties at a discount. However they are not easy on either the nerves or the wallet. Almost all of them require some amount of rehabilitation and remodeling, along with bringing current any deferred maintenance the property may have suffered while it was sitting empty
Real Estate, Residential, US Real Estate

Chicago Begins Renovating and Renting out Foreclosed Condos

By Mike Wheatley | January 10, 2012
Cities across the US are grappling with the same question: What to do with all of those homes left vacant by the large number of foreclosures? While government agencies at a national level struggle to put together a coherent program for transforming foreclosed homes into rental properties, it seems that some cities are already taking matters into their own hands.
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