WKYC has learned a civil foreclosure has been filed in Summit County for Reverent Ernest Angley's Winston Broadcasting Network; home to the studio facility for WBNX-TV. In January of 2013 Ravenna-based Beck Energy Corporation loaned $ 3.6M to the televangelist's network WBN to pay off a promissory note held by PNC Bank.
Home foreclosures are often the hallmark of a down economy, but that doesn't appear to be the case in Alaska, where last year, in the midst of recession, the number of statewide home foreclosures actually fell. Foreclosures statewide and in specific markets are also at or close to 10-year lows, according to data released Tuesday…
In court documents filed late Friday afternoon, the International Bank of Commerce, the bank financing most of the Reagor Dykes real estate across five Texas counties, asked the bankruptcy court to allow it to initiate foreclosure proceedings on those properties. An automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions,…
In order to help deal with the problem of non-performing loans, the Transfer and Mortgage of Properties Law was amended in 2014 to speed up and streamline the foreclosure process. The amending law introduced an additional procedure under Section VIA which, in contrast to the one already provided by Section VI, allows for a direct…
ABA Journal Daily News
More than five years after being foreclosed and taken back by its lender, the struggling, mostly vacant Mall at the Source in Westbury has finally found a buyer. A Chinese firm that manufactures and distributes home furnishings, equipment and building supplies is in contract to purchase the 521,486-square-foot mall and plans to turn it into…
Two lenders quietly became the owners of two properties on the same residential block in Morris Cove during separate, simultaneous foreclosure auctions. One lender, the federal U.S. Bank National Association, purchased a home that has been vacant and left largely untouched since the owner-occupant died nearly seven ago. Foreclosure News
