Having a family background in Real Estate business,
Richard seemed to have inherited it too and has proven his skill at it by establishing such fine reputation in the Real Estate world in a very short span of time.
- Pennsylvania sues rent-to-own operator Vision Property Management for preying on low-income rentersVision Property Management has already run into trouble in Wisconsin and New York, with each state claiming that the company’s rent-to-own business model is actually a scam designed to prey on low-income individuals who want to buy a home. And now, the company has another state to deal with: Pennsylvania.
- Citibank fined $30 million for holding onto foreclosures for too longCitibank was fined $30 million by federal banking regulators after an investigation found that the bank was not selling foreclosed homes back into the market fast enough. The Office of the Comptroller of the Currency announced Friday that it fined Citibank $30 million for “violations related to the holding period of other real estate owned.”
- Housing market flashing recession signalThe housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations. “When income fails to keep pace with home prices, the latter must fall back,” the post said. “Falling home prices, in turn, drive down household spending.”