Visiting view: Detroit’s settlement in tax foreclosure lawsuit offers hope, but fight continues
A row of dilapidated houses at Crane and Charlevoix on Detroit's east side. Eleven houses on this block have been foreclosed since 2002.
A row of dilapidated houses at Crane and Charlevoix on Detroit's east side. Eleven houses on this block have been foreclosed since 2002.
SL Green Realty Corp. obtained $ 150 million in first mortgage financing for 2 Herald Square, received from MUFG Union Bank, according to Real Capital Analytics. The real estate firm also sold a 49% stake in the property to an unnamed Israeli institutional investor. Foreclosure News
We could see a pop to 30,000 the new tax bill. But after setting dozens of new records in 2017, expect the upward trend to be halted with the headwind of higher interest rates in 2018. Foreclosure News
On February 13, 2018, the Florida Supreme Court accepted jurisdiction in an appeal emanating from a hot button issue in contested foreclosures can the borrower in a foreclosure secure an award of contractual attorney's fees after successfully defending the foreclosure on the basis that the lender lacked standing to enforce the mortgage contract? Florida law…
Should a law firm pursuing foreclosure on behalf of a mortgagee be considered a debt collector? That is a question at issue in a Rhode Island federal court case, in which borrower Lloyd Amesbury filed a class action lawsuit alleging Fair Debt Collection Practices Act violations against a firm retained to initiate foreclosure on his…
Tim Hall stands in front of his home in the Washington Heights neighborhood on Chicago's South Side last summer. He bought the home after it gutted and modernized through a Cook County Land Bank Authority program. Foreclosure News
CoreLogic, a leading global property information, analytics and data-enabled solutions provider said in Altoona, 6.1 percent of mortgages were delinquent by at least 30 days in July compared with 6.4 percent in July 2016, representing a decrease of 0.3 percentage points. Altoona mortgages in serious delinquency totaled 2.1 percent in July compared with 2.6 percent…