Pilot project to turn 80 Detroit renters into homeowners
Many homes that go into tax foreclosure in Detroit are owned by landlords. The renters are often booted out once the homes are sold at auction.
Many homes that go into tax foreclosure in Detroit are owned by landlords. The renters are often booted out once the homes are sold at auction.
Casper's Parkway Plaza hotel has a new owner as GreenLake Real Estate Fund bid $ 15.5 million at a foreclosure sale to purchase the property. There were no other bidders for the hotel during the public auction, which was held in the entryway of the Natrona County Courthouse. Foreclosure News
As lenders in Cyprus join forces with European giants in what seems to be a final attempt to tackle non-performing loans , and with hedge funds waiting around the corner for their turn to buy any available loan on sale, clients that defaulted on their loans are getting nervous. On Wednesday, the Cypriot movement against…
In Milone v. US Bank, N.A. , a New York intermediate appellate court held that a letter to a borrower stating that the failure to cure a mortgage loan default “will result in acceleration” does not start the clock on the statute of limitations to foreclose and recover the entire debt. Foreclosure News
Timothy W. Burke was sentenced in Hartford today to nine years in federal prison for defrauding distressed homeowners, and tax evasion. Burke, who used multiple names to hide his true identity and criminal record from his victims, will also have three years of supervised release. Foreclosure News
Tim Hall stands in front of his home in the Washington Heights neighborhood on Chicago's South Side last summer. He bought the home after it gutted and modernized through a Cook County Land Bank Authority program. Foreclosure News
Home sellers in 2017 got the highest return on their investment since before the housing crisis, according to a report from property database Attom Data Solutions. Sellers gained an average of $ 54,000 on their home price for an average 29.7 percent return on investment, the report said. Foreclosure News