Many renters don’t know who owns their home — this lawsuit may change that

Brasil Notícia Notícia

Many renters don’t know who owns their home — this lawsuit may change that
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

If you don’t know who your landlord is, a new lawsuit could help.

The Center for Investigative Reporting has filed a lawsuit in federal court under the Freedom of Information Act to get access to records held by the Financial Crimes Enforcement Network , a division of the Treasury Department. The records include information on the beneficial owners who purchased residential real estate between 2016 and 2019 in all-cash offers through LLCs and other corporate entities.

The Center for Investigative Reporting said it had previously filed a FOIA request for these records. FinCEN denied the request in full, but also refused to acknowledge whether the records the CIR sought indeed existed citing the Bank Secrecy Act. The Center had already appealed the initial decision and lost, before requesting the documents again. The Center has not received a decision regarding this second request.

Separate research has shown that being evicted increases the risk of homelessness and long-term residential instability and can lead to a modest decrease in earnings.More and more rental properties are being bought by private, corporate investors While mom-and-pop landlords still own a majority of the rental properties nationwide, the tides have shifted in the other direction in recent years.

The share of rental properties with easily-identified ownership has fallen to 74% in 2015 from 92% in 1991. A 2017 analysis from the Harvard Joint Center for Housing Studies found that two-thirds of properties with 5 to 24 units were owned by non-individual investors in 2015, up from one third of these properties in 2001.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

MarketWatch /  🏆 3. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Halima Aden is first black woman to appear on Essence in a hijabHalima Aden is first black woman to appear on Essence in a hijab“It’s important for me to be visible and to do whatever I can to let girls know that they don’t have to change who they are,' Halima Aden said.
Consulte Mais informação »

Halima Aden is first black woman to appear on Essence in a hijabHalima Aden is first black woman to appear on Essence in a hijab“It’s important for me to be visible and to do whatever I can to let girls know that they don’t have to change who they are,' Halima Aden said.
Consulte Mais informação »

'I Used To Rely On Diet Pills And Shakes—Until I Discovered Keto And Intermittent Fasting And Lost 79 Lbs.''I Used To Rely On Diet Pills And Shakes—Until I Discovered Keto And Intermittent Fasting And Lost 79 Lbs.''Don’t wait until the New Year to start making healthy changes.'
Consulte Mais informação »

Banks Own Thousands of Railcars but Don’t Know What to Do With ThemBanks Own Thousands of Railcars but Don’t Know What to Do With ThemBanks own hundreds of thousands of railcars that carry coal, grain and other commodities through North America. But tepid railroad demand and changes in commodity markets have made it a rare weak spot in commercial lending.
Consulte Mais informação »

YouTube’s harassment ban isn't enoughThe Google-owned video streaming giant might be clamping down on insults based on race, gender and sexual orientation, but it won’t change a thing.
Consulte Mais informação »



Render Time: 2025-03-31 07:07:07