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.
Tax foreclosures of owner-occupied homes in Detroit have been reduced by 88 percent over the past two years, Wayne County and Detroit officials announced Tuesday morning. There were 786 tax foreclosures of owner-occupied homes in Detroit this year, compared to 6,408 in 2015, officials said. Foreclosure News
Black Knight's Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity Black Knight's Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity Average combined loan-to-value ratio for homeowners with…
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The firm currently has $ 16.00 price objective on the real estate investment trust's stock. According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. Foreclosure News
A 49-year-old Lowell man, who was already under indictment for allegedly stealing over $ 165,000 from homeowners facing foreclosure, was indicted on additional counts by a statewide grand jury Monday, as was his real-estate company. Attorney General Maura Healey said in a press release that Taing — a Cambodian-American who speaks Khmer — persuaded 11…
They survived the Nazi occupation in their native Netherlands, together. They moved to the U.S. and briefly worked in Hollywood, together. Foreclosure News
