Mortgages. , if are predatory in that you miss a payment, you are evicted and you lose equity you have built. These wall street firms that bought these foreclosed properties dont want to invest anything in them. They are trying to sell them off and they cant really read them because they are in terrible shape. They cant sell them with Bank Financing because they would not be acceptable for mortgage. They sell them to people with contract for deed or rent to buy terms. It sets people up. Of whate latest chapter i would consider, a predatory lending. Host why write this story now . Are we seeing an increase in these type of loans happening in this time and what is leading to that . Firms like street vision property, harbor properties, they bought up thousands of these units and they are trying to unload them. They are aggressively trying to get people to enter into rent to buy arrangements. Now people are getting to the what, where they realize they overpaid or it has problems and they a
Us. We are heading in that direction to make things safer. Reporter crews expect to clear the snow by july and plan to be in the mountains regularly for maintenance. At the Stanislaus National forest, carlos correa, kpix 5. A live look outside right now. Clouds over San Francisco this evening and by tomorrow morning, rain in the bay area. [ laughter ] paul deanno is here with a look ahead. Reporter were looking at june rainfall which is a rare treat around here if you wish to look at it that way. We have rain in the north bay already Mendocino County getting light showers. Time lapse over the past couple of hours, look at the rain falling in far northern california. Its going to pour there tomorrow. A little taste of juneuary here. We have cold air moving in behind it. How rare is this in june . Not unprecedented. We average 1 1 2 days with any precipitation in San Francisco in the month of june. One of those days will be tomorrow. Here comes the rain on futurecast at 2 a. M. Sonoma co
Lot of people in our area its about coming down heavy since last night. Lets look live in centerity philadelphia a few hours ago. Downpours not going away any time soon. Weve seen the most of it several inches of rain before its all said and done. July 29, 2017, ill let the expert fill in now. I dont know much about weather. You think we can have an enjoyable weekend. Absolutely it wont be a washout. Most of heavy rain fell during the overnight time frame. But with that said, we still have some moderate to heavy rain, especially down the shore. So look at ultimate doppler. We have a boundary just to our south and area of low pressure as well. That will continue to head out to sea. Taking with it the bulk of heavy rain and as we look at ultimate doppler you can see the orange and red shade of color and that is where the most intense activity is moving auto away from those shore points. As we zoom in a little closer though north an west we have leftover clouds and also some showers and o
We thought the s p was trying to climb up to a high. Maybe. 3 . Yesterday. Up 1 taking some of those gains off the table. Not anything to screen about. We are looking at earnings. Years. N the most in 19 at one point the learned Worlds Largest advertising firm. That sector makes up a third of its revenue. Markets closing down more than 11 . Other earnings that we were following was lows. Lowes and home depot divergence continues. It isnt quite keeping up with where home depot has been. Samestore sales came in at 4. 5 . Its behind the 6. 3 percent samestore sales growth we saw from home depot. Some analysts are saying maybe home depot has a bigger presence in the Northeast Market and thats where shes where you are seeing more of the growth. Continuing to see price divergence as the spread widens. Notet got an analyst saying are cutting the shares of lowes to a hold. Downng the price target 15 to 76 share. To wrap it up we are in the middle of jackson hole awaiting comments down from mar
We thought the s p was trying to climb up to a high. Maybe. 3 . Yesterday. Up 1 taking some of those gains off the table. Not anything to screen about. We are looking at earnings. Years. N the most in 19 at one point the learned Worlds Largest advertising firm. That sector makes up a third of its revenue. Markets closing down more than 11 . Other earnings that we were following was lows. Lowes and home depot divergence continues. It isnt quite keeping up with where home depot has been. Samestore sales came in at 4. 5 . Its behind the 6. 3 percent samestore sales growth we saw from home depot. Some analysts are saying maybe home depot has a bigger presence in the Northeast Market and thats where shes where you are seeing more of the growth. Continuing to see price divergence as the spread widens. Notet got an analyst saying are cutting the shares of lowes to a hold. Downng the price target 15 to 76 share. To wrap it up we are in the middle of jackson hole awaiting comments down from mar