U S states take aim as house wholesalers flood poor areas nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
States and cities in the U.S. are cracking down on a niche in house-flipping known as wholesaling conducted by a flood of largely unlicensed middlemen lured in by YouTube tutorials and a torrid market.
Fast-Cash House Flippers Flood Poor Neighborhoods in the U.S. Bearing fast cash, wholesalers can help distressed homeowners sell quickly, but have been accused of strong-arm tactics and misinformation. Bloomberg | May 25, 2021
(Bloomberg) States and cities in the U.S. are cracking down on a niche in house-flipping known as wholesaling conducted by a flood of largely unlicensed middlemen lured in by YouTube tutorials and a torrid market.
Bearing fast cash, wholesalers can help distressed homeowners sell quickly, but have been accused of strong-arm tactics and misinformation. Unlike fix-and-flip investors, who take title to homes, renovate them and put them back on the market, wholesalers typically negotiate with homeowners just to put homes under contract and sell those contracts to flippers.
COURTESY OF MAGNOLIA MOTHERâS TRUST
Cajania Brown, a Black single mother from Jackson, Mississippi, receives $1,000 per month as part of a cash assistance program called the Magnolia Motherâs Trust.
Undoing Welfare Reform
If Congress makes the expanded Child Tax Credit permanent, simple, and universal, it could have reverberations across the entire welfare state.
Cheri Honkala has been a welfare rights activist since the 1980s. Itâs been decades of frustratingly slow work, ensuring that poor mothers like herself could access the benefits they needed to survive. These days, the bulk of her time is spent occupying empty houses for people with no alternative shelter. Combined with the pandemic, there is a housing crisis in Philadelphia, where Honkala lives.
90.5 WESA Cornell Brunson describes the difficulties he had trying to collect Unemployment Compensation benefits. He was speaking May 6, 2021 at a rally outside of Gov. Tom Wolf s regional office in Pittsburgh.
Protesters, including a number of Democratic state lawmakers, called on Gov. Tom Wolf Thursday to pay unemployment benefits to hundreds of thousands of Pennsylvanians who have been left without support for months as their claims languish in a growing backlog.
The protests – in Pittsburgh and Philadelphia – came a day after other advocates called on the Pennsylvania Department of Labor and Industry to postpone its upcoming plans to modernize the computer system that handles unemployment claims until later in the year, when fewer people are collecting unemployment, for a smoother transition.