Legal malpractice payouts reach ‘troubling new heights;’ 4 insurers contributed to claims above $300M, survey says
ABA Journal Daily News
ABA Journal Daily News
After years of on-and-off discussions, City Council has enacted requirements on foreclosure bonds for vacant residential and commercial properties. The companion pieces of legislation were passed unanimously on Oct. 3, requiring that $ 15,000 cash bonds be set aside once a property has been vacant for 60 days. Foreclosure News
Home prices have reached their lowest points since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. less In this May 23, 2011 photo, a home is shown for sale in Chagrin Falls, Ohio. Foreclosure News
It's a concept that council has discussed off and on for years in the aftermath of the housing and mortgage crisis that hit the country a decade ago. “And, as other cities have adopted foreclosure bond requirements, the case for them has become more compelling,” Councilwoman Mary Dunbar noted prior to first reading of the […]
ABA Journal Daily News
Another Taylor Tudor building could eventually be dropped into the city's lap, as council learned in a mid-year update on its 2018 Priorities List. After gaining ownership of the vacant building at Superior Park and Taylor Road in January, “the adjacent tax delinquent structures are matriculating through the foreclosure process,” City Manager Tanisha Briley told […]
City Council plans to move forward with legislation that would require foreclosure bonds to provide for upkeep and possible demolition of abandoned and neglected properties as they fall into disrepair. “We see no reason not to implement this policy,” City Manager Tanisha Briley said Aug. 9, although she added that council's Housing and Transportation Committee […]
Developer Toby Moskovits has found a lifeline for a 193-unit rental property her company, Heritage Equity Partners, just finished building in Crown Heights. Heritage had been locked in a legal dispute with its previous lender, Benefit Street Partners, which held nearly $ 90 million in debt against the project. Foreclosure News
City Council's unanimous passage of a two-year, $ 140,000 agreement to form a Community Development Corporation with the Future Heights organization was met with a round of applause Monday. That included members of the nonprofit's board and Executive Director Deanna Bremer Fisher, who said the first task will be to hire a real estate development […]
The Harris County Institute of Forensic Science said the skeletal remains were those of Mary Cerruti, 61, who once owned the home and who has not been seen missing since 2015. Tax records show that Cerruti owned the home, but foreclosure proceedings indicated that she had missed 10 loan payments by January 2015. Foreclosure News