Foreclosures

OWN TO RENT? Citigroup Trying To Keep Struggling Homeowners In Their Houses By Turning Them Into Renters

OWN TO RENT? Citigroup Trying To Keep Struggling Homeowners In Their Houses By Turning Them Into Renters

Source: Associated Press Citigroup is trying something new to keep struggling homeowners out of foreclosure: turn them into renters. CitiMortgage is painting its new program as a way to help homeowners stuck in houses they can’t afford. The bank won’t manage the program. It is handing the reigns to an investment firm that bought a [...]

Report: Banks Fail To Maintain Foreclosed Homes In Minority Neighborhoods

Report: Banks Fail To Maintain Foreclosed Homes In Minority Neighborhoods

Source: Janell Ross / The Huffington Post Six of the nation’s largest banks have consistently failed to aggressively market and maintain foreclosed homes in communities of color, according to the results of a nine-month long investigation released Tuesday. The investigation by the National Fair Housing Alliance, a Washington, D.C.-based nonprofit that investigates, tracks and researches housing discrimination, [...]

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