The mortgage and real estate industries are hopeful that the Federal Housing Administration is moving more aggressively to revive its condominium loan program. The program's scope was reduced during the Obama administration after the FHA had imposed restrictions on condo loan approvals due to crisis-era losses.
ERC I, LLC, Appellant-Defendant, v. Whiteacre Funding, LLC, Riverdale Funding, LLC, Woodbridge Mortgage Investment Fund 2 LLC, Appellees-Plaintiffs ATTORNEYS FOR APPELLANT, Steven S. Hoar, Michael E. DiRienzo, Evansville, Indiana ATTORNEYS FOR APPELLEES, John D. Waller, Matthew B. Millis, Indianapolis, Indiana [1] This case involves a mortgage foreclosure of commercial real estate owned by ERC I,…
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The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a year ago during the first quarter, affecting only roughly 235,000 properties, according to a report released Thursday by real-estate data firm Attom Data Solutions. That figure represents the lowest level of foreclosure activity reported since the third…
Brooklyn investor Cheskel Strulowitz, who's battling allegations of running a $ 90 million real estate Ponzi scheme, is facing foreclosure on a portion of a 31-property portfolio in the borough, court records show. Maverick Real Estate Partners, which in March launched a $ 75 million private equity fund focused on acquiring distressed debt, purchased about…
“They said, 'Oh, yeah, we're gonna get this house.' I said, 'You're going to get this house?' They said, 'Yeah.' Foreclosure News
The U.S. Supreme Court gave cities good news on Monday when it ruled 5-3 — newly-sworn-in Justice Neil Gorsuch didn't participate — that the city of Miami can sue banks for peddling high-interest home loans in black and Hispanic communities, predatory lending that some charge led to the Great Recession. But the ruling in Miami's…
