By Katy Murphy | [email protected] | Bay Area News Group May 19, 2018 at 7:00 am Jane Tyska/Bay Area News GroupRafael Luna, his wife Evelia, and their sons Luis, 17, and David, 18, from left, and dogs Candy, left, and Linda, right, are photographed in front of their Oakland apartment building this month.Rafael Luna, his sons Luis, 17, David, 18, and his wife Evelia live in this apartment building shown on 34th Avenue in Oakland, Calif., on Wednesday, May 16, 2018. The long-term tenants were hit with a $1,150 rent increase and a threat of eviction after their building was sold to a Silicon Valley investor last fall. (Jane Tyska/Bay Area News Group) SoundThe gallery will resume insecondsRafael Luna, his son Luis, 17, and his wife Evelia, from right, are photographed in their apartment on 34th Avenue in Oakland, Calif., on Wednesday, May 16, 2018. His son David, 18, also lives there. The long-term tenants of a fourplex were hit with a $1,150 rent increase and a threat of … [Read more...] about After a real-estate deal that triggered $1,000 rent hikes, Oakland families face eviction
Real estate
Synchronised real estate laws will bring stability
Viet Nam News HÀ NỘI — Since the real estate market began to recover in 2014, the country’s laws regulating the market have transformed significantly. But as the laws have developed, many of them overlap, creating redundancies that the Government must now try to eliminate, Đặng Hùng Võ, former deputy minister of Natural Resources and the Environment, said at a conference held in Hà Nội on Thursday. Recently, many have heavily criticised the Ministry of Finance’s proposal to impose an auxiliary property tax rate of 0.3-0.4 per cent on houses worth VNĐ700 million (US$31,000) and up. Additionally, there are many discrepancies between the land law, housing law and laws governing real estate business. The 2013 Land Law introduced a policy to deal with "suspended projects"— those that have failed to use land for a period of 12 months or that are seriously behind schedule within 24 months of implementation will … [Read more...] about Synchronised real estate laws will bring stability
Paul Manafort’s ex-son-in-law takes plea deal in real estate case
Paul Manafort's former son-in-law has reached a plea agreement with the US attorney's office in Los Angeles, which has been investigating Jeffrey Yohai's real estate deals for over a year, according to two sources familiar with the matter.Under the plea agreement Yohai will be required to cooperate with other investigators but one source told CNN it is unlikely he has much to offer to special counsel Robert Mueller.It's not clear what Yohai will be pleading to as part of the deal. He has not been publicly charged by prosecutors, though he has been under investigation.His guilty plea is all about his real estate Ponzi scheme -- he defrauded actor Dustin Hoffman, among others. Yohai will also have to cooperate with an investigation by the New York Attorney General's Office, which has an open investigation into Manafort. That probe is in the shadows of Mueller's investigation.Reuters first reported the plea deal had been reached.Yohai met with Department of Justice investigators in New … [Read more...] about Paul Manafort’s ex-son-in-law takes plea deal in real estate case
‘Dirty Money’ Impacting South Florida Real Estate Market
Terri Sanchez dreams of owning her own place in her hometown of Miami. But the single mom and teacher, who works extra jobs to make ends meet, says that goal seems out of reach. “No, it’s impossible now,” says Sanchez. She says part of the problem is all the cash in the market. “I made a few offers. They were all turned down over cash offers,” says Sanchez. Nikolas Cruz's public defender argued that the Florida school shooting suspect should be represented at the expense of taxpayers because he likely doesn't have the assets to pay a private lawyer for his death penalty case. (Published Friday, April 27, 2018) She’s not alone. Forty-five percent of home sales in Miami-Dade in 2017 were cash deals, according to real estate research firm ATTOM Data Solutions. But real estate agents like Alicia Cervera de la Madrid, a member of the Miami Association of Realtors, love this cash market. “It’s a more stable market and it’s a healthier … [Read more...] about ‘Dirty Money’ Impacting South Florida Real Estate Market
Police defend black real estate investor after white neighbor calls 911
Police defend black real estate investor after white neighbor calls 911 May 17, 2018 Michael Hayes, a black real estate investor in Memphis, Tennessee, was inspecting a house that needed repairs on May 5, 2018. A white woman who lived in the neighborhood decided to call 911 even after Hayes explained that he was an investor. Michael Hayes via Storyful … [Read more...] about Police defend black real estate investor after white neighbor calls 911