Posts Tagged ‘real estate’
No TOPA bill for Richmond, Council holds
Richmond’s City Council on Tuesday halted the drafting of a rule that would have required landlords to offer local tenants the first opportunity to buy their homes before they are put on the market or demolished.
Read MoreTransfer tax increase to become contentious issue for Richmond voters
In November, Richmond residents will vote on Measure M, an ordinance to raise the “documentary transfer tax” that property owners are required to pay on real estate sales.
Read MoreRichmond tenants battle Beverly Hills developer to keep their homes
Tenants of Building H at Creekview Condominiums have been told to vacate the premises due to a water problem. But some say they aren’t leaving without a fight.
Read MoreInvestors pounce on Richmond real estate market
The Richmond real estate market is booming, largely thanks to investors who are buying homes with all cash. But some Richmond residents are concerned that replacing homeowners with absentee landlords will hurt neighborhoods.
Read MoreZombie foreclosures: Richmond’s hidden housing crisis
Richmond has seen an increase in “zombie” foreclosures, meaning that the bank, upon foreclosing on the homeowner, never took ownership of the home. The practice allows banks to avoid liability. It also increases blight, and makes it difficult for the city to manage abandoned properties, which often turn into blighted eyesores.
Read MoreCash buyers rule Richmond real estate market
The Richmond real estate market, like the rest of the state, is on the rebound. And some of that recovery is thanks to investors who are able to buy homes without taking out a loan. That’s great news for both sellers and real estate agents, but it leaves limited selection for buyers who don’t have access to a lot of cash.
Read MoreDetails emerge about mortgages chosen for Richmond’s eminent domain scheme
Richmond’s unprecedented plan to help homeowners refinance their mortgages has sparked a national debate about the use of eminent domain, but until now officials haven’t shed much light on how they selected the list of 624 mortgages.
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