RCO Legal, once one of the largest foreclosure law firms in the Northwest, is shutting down permanently in December, a victim of the strong economy and housing market. Joshua Schaer, an RCO lawyer, informed a federal judge of the pending shutdown in a Dec. 4 court filing.
Fewer Westchester County homeowners have filed for foreclosure so far this year, a sign that residents may be recovering from the real estate bubble of 2005 to 2007. Based on figures recently released by Westchester County Clerk Timothy C. Idoni, foreclosure filings in 2016 were down 54.8 percent from their all-time high in 2009 ,…
A court-appointed receiver for the Hermitage Club properties in Vermont says he has made progress on preserving the area. The Brattleboro Reformer reports receiver Alan Tantleff noted in his report July 16 the properties in Newfane are showing improvements since he was able to access funding from the bank. Foreclosure News
In In re Transwest Resort Properties, Inc. , the Ninth Circuit addressed the Chapter 11 reorganization plan approval process where a single plan was proposed for multiple affiliated debtor entities whose cases were being administered jointly. Generally, for “cramdown” plans, the Bankruptcy Code requires that at least one class of impaired creditors vote in favor…
On February 13, 2018, the Florida Supreme Court accepted jurisdiction in an appeal emanating from a hot button issue in contested foreclosures can the borrower in a foreclosure secure an award of contractual attorney's fees after successfully defending the foreclosure on the basis that the lender lacked standing to enforce the mortgage contract? Florida law…
The unfinished Las Olas Ocean Resort, a hotel project on Fort Lauderdale beach that attracted funds from hopeful Chinese immigrants through the EB-5 visa program, has been targeted for foreclosure. Foreclosure News
With home prices and interest rates rising, many renters feel the American Dream is more out of reach than ever. But that isn't preventing them from moving to the 'burbs. Foreclosure News
