When a Lender Forecloses on a Leasehold Interesta .
Loans are often secured by the fee title to real property owned by the borrower. But loans can also be secured by the borrower's leasehold interest in property.
Loans are often secured by the fee title to real property owned by the borrower. But loans can also be secured by the borrower's leasehold interest in property.
January 2, 2017 – Governor Andrew M. Cuomo announced today the appointments of the Honorable Alan D. Scheinkman as Presiding Justice of the Appellate Division for the Second Judicial Department and the Honorable Elizabeth A. Garry as Presiding Justice for the Appellate Division for the Third Judicial Department. The Presiding Justice for each New York…
The Toledo area has the 10th-highest rate of home vacancies in the nation, according to a report by a real estate data firm. Of 194,274 single family homes and condos in metro Toledo, 5,709 were vacant, for a vacancy rate of 2.9 percent at the end of the third quarter, according to statistics compiled by…
As banks and government tried to stem the flow of foreclosures during the housing crisis there was a lot of debate about what needed to be done and how to do it. The acting director of the Federal Housing Finance Agency, Edward DeMarco fought tooth and nail to prevent Fannie Mae and Freddie Mac from…
Sen. Elizabeth Warren delivers remarks during a news conference on the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act at the U.S. Capitol Visitors Center July 21, 2015 in Washington, DC. Before being elected to the U.S. Senate, Warren helped craft the legislation that created the Consumer Financial Protection Bureau which…
The Great Recession was a period between 2007 and 2009 when the housing bubble burst and employment, GDP and the stock market plummeted for the longest period since World War II. The Great Recession was a period between December 2007 and June 2009 that saw the 2008 financial crisis, some of the worst unemployment rates,…
The central Kenai Peninsula chapter of Habitat for Humanity will build a house in Kenai every two years until 2026, using five properties the Kenai City Council donated to the organization Wednesday. Kenai obtained the five wooded lots – located in Mommsens Subdivision, a residential area to the south of Wildwood Correctional Facility – through…