According to this week's market reports, the New York metro area has the highest number of zombie foreclosures in the nation, and over 60 percent of Manhattan retail leases in the third quarter were for short-term deals. Olshan Realty Twenty-two residential contracts were signed last week at $ 4 million and above, the second consecutive week to hit above 20 after a long dry spell.
Foreclosure filings – described as default notices, scheduled auctions and bank repossessions – in the first quarter of this year were down 45 percent in the Columbus area compared with the average over the seven quarters that led up to the recession, which began in December 2007. Foreclosure filings were down 59 percent in Cleveland, 45 percent in…
A California-based developer of a 12-story historic art deco building in downtown Sioux City has filed for bankruptcy protection, indefinitely delaying an effort by an eastern Iowa bank to foreclose on it. Mako One Corp., of Carlsbad, California, has notified the court that it's filing a Chapter 11 petition in U.S. Bankruptcy Court in the…
Norwich – The ownership of the nearly 50-acre former Norwich Hospital property in Norwich changed hands on June 20 with the completion of a mortgage foreclosure action. But legal tie-ups to future development there might not be over, as the former developer has included the property in his Chapter 7 bankruptcy filing in federal court. Foreclosure…
On Monday, in Bank of America Corp. et al. v. City of Miami, Florida , the Supreme Court held in a 5-3 decision that the City of Miami had standing to challenge alleged violations of the Fair Housing Act by lenders. Foreclosure News
The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. Foreclosure News
June 12, 2017 – Attorney General Eric T. Schneiderman today announced the winners of the first phase of the Cities for Responsible Investment and Strategic Enforcement grant awards, an investment which will total more than $ 10 million over the next two years to 18 cities and towns across New York State. The program aims…
