Drafting an ordinance to address abandoned or bank-owned properties not maintained and commonly referred to as “zombie” houses, will be a priority for city officials in 2018. An increased number of homeowners lost their homes in foreclosures during the last decade due to economic issues, said Mayor James Anzaldi.
The worst of the residential foreclosure crisis may be in Connecticut's rearview mirror, but a report this week still ranks the state high among all states for homeowners with troubled mortgages. In 2017, one in 128 properties was in a stage of foreclosure in Connecticut, placing it fifth highest behind New Jersey, Delaware, Maryland and…
DiPentima, C. J., and Keller and Graham, Js.Joseph DaSilva, Jr., with whom, on the brief, was Marc J. Grenier, for the appellants . Jonathan A. Adamec, for the appellee . Foreclosure News
The luxury penthouse unit at Extell Development's One57 that belongs to Nigerian billionaire Kola Aluko is once again slated for auction. The Nigerian billionaire, who is being investigated for money laundering in Nigeria and Europe, defaulted on a $ 35.3 million mortgage he took on the 79th-floor condominium in 2015. Foreclosure News
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. Foreclosure News
Republican state Representative Frank White announced his candidacy in the open 2018 race for Florida AG. He is also the general counsel and chief financial officer for a group of auto dealerships. Foreclosure News
Forty homes in the Capital Region are expected to be saved from foreclosure with a new $ 7.6 million Community Restoration Fund launched by the state to purchase mortgages in foreclosure. The state has taken on the mortgages of 398 homes homeowners modify loans to make it financially feasible for families to stay while also…
