Raphael Toledano is going to bankruptcy court to try to regain control of an East Village property he claims Delshah Capital's Michael Shah “commandeered.” The controversial 27-year-old landlord filed for Chapter 11 bankruptcy protection for the property at 97 Second Avenue between East 5th and 6th streets, the Commercial Observer reported.
The troubled Hotel Northland project would avoid bankruptcy and foreclosure with a plan to enter receivership that would see the renovations completed within a year. Schmitt: Northland would enter receivership, open within one year The troubled Hotel Northland project would avoid bankruptcy and foreclosure with a plan to enter receivership that would see the renovations…
As of February, 6 percent were late on their payments by at least 30 days compared to 7.5 percent a year earlier, CoreLogic reported Tuesday. Borrowers who were seriously delinquent — at least 90 days late – fell to 3.4 percent in February from 4.9 percent the same month a year ago. Foreclosure News
Loan performance continued to improve in April, even though Black Knight says mortgage delinquencies have a historic pattern of increasing during that month. The overall delinquency rate declined 1.6 percent from March to a national rate of 3.67 percent. Foreclosure News
Appvion recorded second quarter operating income of $ 5.1 million compared with operating income of $ 3.9 million for second quarter 2016. The improved earnings in second quarter 2017 were driven by volume growth for the company's tag, label and entertainment products and carbonless papers segment. Foreclosure News
Ocwen Financial Corporation , a leading financial services holding company, today joined a group of select mortgage servicers, housing finance agencies, government-sponsored enterprises , and government officials at the Eighth Annual Hardest Hit Fund Summit to discuss strategies to leverage Hardest Hit Fund resources for the benefit of borrowers in states that are participating in…
Home prices in the Baltimore region increased in February and sales dipped slightly, as inventory tightened in select markets and distressed sales, such as foreclosures, declined. There were 2,211 sales in Baltimore City and the five surrounding counties last month, down about 2 percent from Feb. 2016, according to a report released Friday by the…
