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Invitation Homes has agreed to pay $48 million to settle federal claims that the nation's biggest landlord for single-family homes deceived renters about lease fees and other costs, while unfairly ...
The FTC reports these junk fees amounted to more than $1,700 a year for some tenants, which the agency alleges netted Invitation Homes tens of millions of dollars between 2021 and 2023.
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive ...
Pretium planned to acquire these houses and rent them to families who had lost their homes or could no longer qualify for a mortgage. Pretium send confidential invitations to investors who could contribute $2 million. According to its solicitation documents in 2012, the plan was projected to have annualized returns of 15 to 20 percent.
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The spokeswoman also said monetary penalties could have “unintended consequences” because some property owners cannot afford to pay. When asked about the high number of lead-paint violations in their buildings, many landlords we interviewed said they typically buy dilapidated buildings to fix them up, but it takes time.
One of the largest single-family-home rental companies will pay almost $20 million to resolve claims it systematically made renovations without permits in California.