Lenders since early last year have been scheduling foreclosure sales for the 175-acre property on the Dallas North Tollway. But starting in October the mortgage holders backed off while project owner Thomas Land & Development worked on a new financing package for Wade Park. Foreclosure News
Namely, that it is still a very large hole in the ground and not the 175 acres of apartments, offices and high-end retail space promised by Atlanta-based Thomas Land & Development back in 2014. But in the nation's fastest-growing city – whose growth has been propelled by an influx of exactly the kind of wealthy […]
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo The San Francisco-based lender, which reported a quarterly profit, said it may have to restate results to reflect the final settlement. Foreclosure News
Two lenders – New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch – have been seeking repayment of more than $ 130 million in debt on the mixed-use project at the Dallas North Tollway and Lebanon Drive. The finance sources in February declared the 4-year-old mixed-use project in default of loans and scheduled […]
The sale includes three larger pools of loans and two Community Impact Pools, which are generally smaller, focused on geography and geared toward smaller investors, according to HousingWire. The three larger pools include about 5,900 loans worth roughly $ 1 billion, and the Community Impact Pools include about 190 loans worth roughly $ 36 million. […]
One of the lenders on Frisco's $ 2 billion Wade Park development has declared the project in default and is seeking foreclosure. The lender is seeking a forced sale of the property on the Dallas North Tollway to repay the debt, according to legal filings with Collin County. Foreclosure News
Bank of America's anti-consumer practices have been the subject of numerous protests in recent years. Thousands demonstrated against the bank's foreclosures in 2011. Foreclosure News
California's insurance commissioner says preliminary estimates of losses from the state's recent siege of wildfires exceed $ 1 billion and that the figure is expected to rise. Commissioner Dave Jones told reporters in Los Angeles Thursday that the estimate comes from the eight largest insurers in the affected areas. Foreclosure News
Foreclosures by homeowner associations in Nevada's two largest counties led to more than $ 1 billion in lost property sale values. The Nevada Association of Realtors released a report this week, looking at the impact of sales involving properties that were foreclosed after residents failed to pay their HOA fees. Foreclosure News
A report from the Nevada Association of REALTORS found that foreclosures by local homeowner associations have reduced property values in the state's two most populated counties by more than $ 1 billion. Foreclosure News