The loan for the office building at 400 Atlantic St. building in downtown Stamford is facing foreclosure, according to mortgage-tracking firm Trepp. The loan for the office building at 400 Atlantic St. building in downtown Stamford is facing foreclosure, according to mortgage-tracking firm Trepp.
After news broke on Monday that Drever Capital Management was in default for a $ 55 million loan to renovate the 1401 Elm building downtown, it turns out, the building has been posted for foreclosure. Public filings show that the 52-story former First National Bank tower will be sold at auction on Dec. 5, following…
LOS ANGELES >> A Van Nuys man was ordered detained today pending trial on federal charges alleging he ran a foreclosure-avoidance scheme that raked in $ 7 million from distressed homeowners. Michael “Mickey” Henschel, 68, was arrested Wednesday by federal agents pursuant to an 11-count indictment returned by a Los Angeles federal grand jury on…
Incenter Mortgage Advisors is facilitating the sale of more than $ 10 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans. Almost 88% of the nonrecourse loans come from wholesale sources , and nearly 12% are correspondent originations, according to data provided by the seller. Foreclosure News
As sure as spring, each legislative session the issue arises of whether legal notices should continue, as a requirement, to be published in local newspapers. What are legal notices? You find them in the Classifieds section. Foreclosure News
Big investors are valuing homes with a method outlawed for everyone else after the housing crash – and the SEC is asking questions Large investors are increasingly using so-called broker price opinions to value and purchase thousands of homes on the brink of foreclosure. A method of valuing homes that was outlawed for most people…
On October 17, 2018, the Fifth Circuit held that a potential transfer of the deed of trust does not prove who is the owner of a note and that a bankruptcy stay does toll deadlines for a Texas foreclosure action and that such tolling period must include every day that an entity is prevented from…
