In my last article , I discussed whether inconsistent dates on a promissory note and deed of trust could cause problems in foreclosure. But what if you can't even find the original promissory note? Perhaps it was inadvertently shredded, or perhaps it went missing during a merger or got misfiled. Foreclosure News
Acting state Supreme Court Justice John Rouse granted a motion for summary judgment by Manufacturers and Traders Trust Co. to foreclose on the Pellegrino home in West Islip. Foreclosure News
The Court of Appeals for the 11th Circuit affirmed the district court's decision when it held that the HECM statute, 12 U.S.C. 1715z-20, addressed only HUD's authority to insure reverse mortgage loans and not a lender's contractual right to foreclose. Under the HECM statute, the Secretary of HUD is authorized to establish a mortgage-insurance program […]
Hyundai Capital America has launched foreclosure proceedings against the owners — auto industry veteran Michael Saporito and ex-NFL linebackers Jessie Armstead and Antonio Pierce — of Hyundai and Kia dealerships in Pennsylvania accused of failing to repay vehicle floorplan loans. Hyundai's captive finance unit filed the mortgage foreclosure lawsuit Friday against the trio's All Pro […]
Wells Fargo has filed suit seeking to foreclose on Towne West Square after its owners didn't make payments as promised into accounts set aside for improvements and repairs. Towne West Square LLC failed to pay into two reserve accounts tied to a $ 51 million loan taken out in 2011 on the 941,000-square-foot property at […]
The message informed the family of seven that they would soon be forced to leave 1045 Mistletoe Court, the Habitat for Humanity home built for them in 2008. The notice became reality on May 9, when Horry County sheriff's deputies evicted the family. Foreclosure News
Longtime Donald Trump associate Michael Cohen attempted to foreclose on a loan just before the 2016 election, The Wall Street Journal reported Tuesday . The foreclosure step sought $ 3.8 million from Christophe Escoffier, a foreign investor who bought Cohen out of a Manhattan condominium. Foreclosure News
One of the homes owned by prominent Wichitan Nancy J. Martin – who is accused of embezzling millions from two physician-owned medical businesses – and her estranged husband, Thomas Martin, may soon be on the auction block. UMB Bank last week filed suit seeking to foreclose on the couple, saying they missed mortgage payments on […]
Actor Johnny Depp's bitter legal feud with his former business team at The Management Group is intensifying after TMG filed foreclosure actions Monday on five Depp properties in the Los Angeles area to collect on an unpaid loan, according to court documents. The agency said “The Pirates of the Caribbean” star owes them nearly $ […]
Maverick Real Estate Partners is suing the developer of a luxury condominium in Hudson Square, in an attempt to force a foreclosure sale of a portfolio including an unsold penthouse in the building. In a lawsuit filed Wednesday in New York State Supreme Court, the private equity fund manager argued it issued a $ 10.1 […]