Opendoor Accused of Cheating Home Sellers

The Federal Trade Commission today took action against online home buying firm Opendoor Labs Inc., for cheating potential home sellers by tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process. The FTC alleged that Opendoor pitched potential sellers using …

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In 2022, Should You Rent or Buy a Home

Get Out of Debt Guy Podcast - Steve Rhode

Should You Rent or Buy a Place to Live No question has been asked more often over my decades of helping people with money, credit, and debt issues than is it is better to rent or buy. Listen to the Podcast You can subscribe to my podcast on any of these sites below.                    Easiest …

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Expect Rent to Increase Dramatically

Will the Navient Student Loan Settlement Eliminate My Parent Plus Loans?

New information out about housing in the Federal Reserve Bank of New York Housing Survey gives us a current snapshot of rent and renters. More than 35 percent of renters have been renting for ten years or more. Many people let outside of homeownership and real estate asset-building cycles. The issues that have caused people …

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How Real Estate Debt Funds Work

Real estate debt funds assist borrowers in sourcing short-term capital to use towards commercial projects such as construction loans, multi-family buildings, shopping centers and many other types of property development. Real estate debt funds became highly utilized following the crash in 2008. Post-financial crisis, there was an increased need for liquidity and coupled with regulatory …

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CFPB Hold Debt Collectors Accountable for Evictions

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium. The CFPB’s rule requires debt collectors to provide written notice to tenants of their rights under the eviction moratorium and prohibits debt collectors from misrepresenting tenants’ eligibility for protection from …

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Here’s How Much You Need to Make in Every State to Buy a Home

Chances are you’ve considered how much money you would need to earn in order to buy a home. The answer, of course, depends largely on where you live. To give you an idea, finance website HowMuch.net recently crunched the housing affordability numbers for each state to ensure you spend your money wisely. To arrive at its estimates, the website layered …

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FTC Fed Up With Andris Pukke, Peter Baker, and John Usher in Sanctuary Belize Case

The Federal Trade Commission (FTC) has just filed a motion to hold Andris Pukke, Peter Baker, and John Usher in contempt in the case involving Sanctuary Belize. The court document submitted seems like it could have been shortened down to one sentence, “The named dudes can’t be trusted, lie, and defraud people.” The response would …

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Your Mortgage Servicer Might Just Really Suck Says the CFPB. But Some Are Trying.

Today the Consumer Financial Protection Bureau (CFPB) released a special edition supervision report focused specifically on mortgage servicers. The report found that some mortgage servicers continue to use failed technology that has already harmed consumers, putting the company in violation of the CFPB’s new servicing rules. In its examinations covering numerous mortgage servicers since the …

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Andris Pukke / Marc Romeo Mystery Solved But Another Continues

Way back in 2013 I wrote an article Sanctuary Belize, Andris Pukke, Todd Cook, Peter Baker & Ameridebt in which an allegation was made that Andris Pukke was presenting himself to the public as Marc Romeo. Well I think we can say this mystery is officially solved. That is if we are to believe the …

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