Buffett's company loans $1.5B to Home Capital, invests $300M

Buffett’s company loans $1.5B to Home Capital...

OMAHA, Neb./ June 22, 2017 (AP) (StlRealEstate.News) — Warren Buffett’s company is loaning $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender’s shares. Berkshire said Thursday that the credit line will carry a...

Puerto Rico families fight, flee a surge in foreclosures

Puerto Rico families fight, flee a surge in...

SAN JUAN, Puerto Rico/June 21, 2017 (AP) (StlRealEstate.News)— Elvis Guzman opened the letter, saw it was in English and took it to his lawyer for translation. The 59-year-old who sells recycled metal for a living figured it was another letter from the bank warning his family that they were...

NYC landlord pleads guilty in illegal-eviction case

NYC landlord pleads guilty in illegal-eviction case

NEW YORK/June 21, 2017 (AP) (StlRealEstate.News) — A New York City landlord has admitted to driving out tenants in a rent regulated apartment building. State Attorney Eric Schneiderman said Tuesday that Daniel Melamed and the corporation he controlled pleaded guilty to three counts of unlawful...

Downed power line ignites gas leak; 40 homes affected

Downed power line ignites gas leak; 40 homes affected

PITTSBURGH/June 19, 2017 (AP) (StlRealEstate.News) — Residents of about 40 homes near Pittsburgh have been forced to stay inside after a downed power line ignited a leaking natural gas line, causing a fire. A tree downed by lightning is being blamed for knocking down the wire early Monday, just...

Vermont gets $3m in federal funds for affordable housing

Vermont gets $3m in federal funds for affordable...

BURLINGTON, Vt./June 18, 2017 (AP) (StlRealEstate.News) — More than 140 apartments in seven developments across Vermont are going to benefit from $3 million from the National Housing Trust. Independent U.S. Sen Bernie Sanders says the money will be used to build, preserve, and rehabilitate...