Just A Landlord

A couple property owners approached me stating they have received notice from the Milwaukee Department of Neighborhood Services (DNS) that they must obtain new occupancy certificates on properties they purchased a couple of years ago.  In both cases the properties had been in foreclosure.

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I was listening to NPR while clearing some paperwork off my desk.  They had a half  hour segment “How We Survive: Renters, Rights, and Resistance”

Under the guise of protecting tenants from foreclosure related evictions the speakers were  promoting just cause eviction laws – starting with CA but their goal is nationwide.  Let’s face it in most foreclosures the tenants live rent free for months.

More alarming was the second half the program where they discussed tactics used to avoid eviction for non-payment. (more…)

As a rental property owner in Milwaukee the following items should rank high on your list of concerns. (Just a draft) (more…)

The Milwaukee Journal notes that  Lenders are abandoning foreclosured properties

http://www.jsonline.com/watchdog/watchdogreports/50548282.html

“Rodney Lass figured his days as a homeowner were over when he was hit with a foreclosure judgment more than a year ago.
He stopped rehabbing his two-story Bay View home and moved on. [snip]

The foreclosure, however, failed to go through after the California-based lender decided it didn’t want the gutted house. Lass said he found out for certain that he still owned it from the Journal Sentinel.”

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