Press Digest- New York Times business news – April 21
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
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As austerity digs in, Greek courts are battleground on foreclosures
ByadminProtesters shout slogans as they block an entrance to prevent court officials from entering the courtroom and carry out an auction in Athens, Greece, March 29, 2017. Picture taken March 29, 2017. Foreclosure News
Single Family Rental REITs: Growing Pains
ByadminPowered by economic and demographic tailwinds, single family rental REITs continue to mature into a mainstream sector. Through consolidation, REITs have achieved cost efficiencies nearly on par with apartment REITs. Foreclosure News
Foreclosures up in Houma-Thibodaux, La., area
ByadminThe current struggles of the oil-based economy of the Houma-Thibodaux, La., area has led to an increase in foreclosures, a new report says. Attom Data Solutions, curator of the nation's largest fused property database, released its 1Q and March 2017 U.S. Foreclosure Market Report earlier this month. Foreclosure News
Sabey secures $200M from Wells for former Verizon building
ByadminThe Sabey Corporation locked in nearly $ 200 million in financing for its commercial condominium in the former Verizon building at 375 Pearl Street, according to records filed with the city Wednesday. Wells Fargo is the lender on the 29-floor commercial condo. Foreclosure News
Erie County goes Ivy League in tracking zombie homes
ByadminErie County Clerk Michael Kearns announced a new partnership with the Columbia University Law School, Wednesday, to identify foreclosed homes that have been abandoned by their owners, and have become “zombie property”. Columbia has developed a working relationship with the Western New York Law Center in Buffalo to come up with software for determining if…
Foreclosure rate drops to all-time low in Twin Cities
ByadminThe foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the U.S. It's a development, however, that's partly the result of underlying troubles in the housing market: a shortage of listings and tight credit. During the first half of the year, the foreclosure rate…