A decade ago, a home in Connecticut could be sold to another party about 12 months after a borrower stopped paying a mortgage. The national average for liquidation timelines in 2016 reached 48 months.
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For the second time in less than a decade, the owner of roughly 1,800 acres of agricultural land in Upcountry Maui once envisioned for housing is trying to avoid foreclosure. The company, led by Janet Coflin, was in the midst of foreclosure litigation initiated in state court last year by Romspen Investment Corp., a mortgage…
Two defendants linked to a mortgage fraud scheme that cost at least $ 2.4 million when fraudulently purchased homes went into foreclosure have been sentenced to federal prison. The case involves a scheme to fraudulently obtain mortgages for residential properties through the use of “straw buyers” – individuals who pretend to purchase the properties and…
By Ezra Rubanda It is sad that the list of supermarkets succumbing to business foreclosures in Uganda keeps growing; from international brands like Metro Cash and Carry, Shoprite, Uchumi, to Nakumatt. Of course misery is equally shared by numerous domestic small brand supermarkets that just exit through back doors without much publicity. Foreclosure News
Dozens of Amsterdam property owners have paid off back taxes and penalties leading up to the city's foreclosure auction later this year, with excess revenue helping offset expenses. Amsterdam Common Council members approved three resolutions last week amending the current budget to increase the controller's office revenue lines approximately $ 90,000 to offset expenses exceeding…
