But when it comes to Gamma Real Estate's Jonathan Kalikow and his debtor Joseph Beninati, the fallen developer of 3 Sutton Place, the code of war be damned. “I believe in disproportionate retaliation,” the Kalikow scion told Commercial Observer.
After the financial crisis which started around 2008, many homeowners found it necessary to give up their homes either by filing bankruptcy or letting the lender foreclosure. These actions came not only with emotion, but penalties for buying a new home. Foreclosure News
In 2010, Joann Rodriguez suffered a health crisis precipitated by her multiple sclerosis. She could no longer keep her job with the AARP, but it took her two years before she received any disability benefits. Foreclosure News
FEMA has teamed with the U.S. Department of Housing and Urban Development to counsel hurricane survivors in Puerto Rico who are facing foreclosure or other difficulties with their mortgages. The nonprofit Hope Now Alliance is offering free counseling and education to homeowners about reverse mortgages and delinquencies. Foreclosure News
Although general consumer reluctance toward mortgages is one of the driving factors, it's not the only thing helping to curb mortgage foreclosures The U.S. recession and housing crisis of 2007-08 took a real toll on the mortgage market. Some consumers quickly moved away from risky mortgages in lieu of more favorable deals, but many were…
Several U.S. Senators have introduced legislation for a Military Consumer Enforcement Act that would seek to empower the Consumer Financial Protection Bureau to oversee and enforce compliance with the Servicemember Civil Relief Act . If passed and signed into law, the new act would amend the Consumer Financial Protection Act of 2010. Foreclosure News
New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch say that the 175-acre development on the Dallas North Tollway has defaulted on its loans. The lenders postponed the foreclosure in May and last week but have set a new forced sale date in early May, according to Addison-based foreclosure listing service which tracks…
