Three decades ago, John Green ran as a reformer for Philadelphia sheriff, winning control of a notoriously corrupt law enforcement agency. A federal jury on Tuesday heard just how well that reform effort went, as Green went on trial with businessman James Davis.
In this July 1967 file photo, a National Guardsman stands at a Detroit intersection during riots in the city. Detroit wasn't the first of the riots in the summer of 1967, and it was far from the last. Foreclosure News
The 30-day delinquency rate dropped to a low not seen in over a decade in July, but foreclosure starts also increased to a three-month high. The delinquency rate for mortgages 30-days past due, but not in foreclosure, was 3.61% in July, the lowest level since March 2006, according to Black Knight. Foreclosure News
Masjid Al Aman, a mosque and community center that has served thousands of residents in the City Line section of East New York for over 25 years, is the latest house of worship on the path to foreclosure due to an improper denial of property-tax exemption under the state law that mandates charity organizations pay…
One critical issue affecting complex restructuring cases are efforts by the estate or creditors to recharacterize debt into equity. This can happen in a variety of factual contexts, including where an existing equity stakeholder puts capital into a distressed company as “rescue capital” in the hopes of implementing an out-of-court turnaround. Foreclosure News
The effects of last summer's hurricanes, while fading from their early impact on loan performance stats, are still being felt. Black Knight reports, in its “First Look” at January data, that past due mortgages nationwide declined by 8.6 percent or 210,000 loans when compared to December but are still 1.3 percent higher than in January…
Villa del Lago in Newport Coast, the 12.5-acre property, developed by John McMonigle, is scheduled for a foreclosure sale this month. The 17,000-square-foot home has a wine cave, lake, vineyard, tennis court and equestrian stables. Foreclosure News
