Have you been evicted lately? You're probably not alone. According to the Charlotte Observer, the Wall Street-backed investment companies that have bought hundreds of single-family homes in Charlotte are chomping at the bit to evict renters.
When such companies purchase homes, they often - and unbeknownst to renters - raise rent. When tenants don't pay the new amount, they're sent an eviction notice.
Court documents and interviews with more than a half-dozen current and former tenants show these new companies have brought with them an aggressive stance toward collections that has caught longtime renters by surprise.It's the latest sign of how Wall Street's entry into the local single-family home market has transformed that corner of Charlotte's housing sector.
Read the full story here.
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