#foreclosure

#foreclosure

SAN JOSE A lender is heading into the final stages of its efforts to seize ownership of The Fay through a foreclosure of a delinquent construction loan totaling $182.5 million. Documents filed with the Santa Clara County Recorder's Office show the lender could take back the 363-unit high-rise at 10 East Reed St. in the SoFA district before the end of the year.

A five-story office building just steps from South Station will be auctioned on Nov. 5. Paul E. Saperstein Co. Auctioneers & Appraisers is listing the 98,000-square-foot property at 99 Bedford St. The building, which dates back to 1899, houses five tenants and features a renovated lobby completed in 2020. Ground-level tenants include Forefront Eye Care and TALK English School, while state filings show that Korb & Associates PLLC also leases office space in the building.

A lender wants to sell the equity interests in the Dream Hollywood hotel, owned by a company connected to Relevant. A foreclosure auction is scheduled for mid-October. The lender, LCP Group, alleges Relevant owes more than $30 million in unpaid debt connected to the 10-story, 178-key hotel at 6417 Selma Avenue. King, for his part, said Relevant is working on a loan recapitalization and extension with the lender.

New York is a very different city from when Mayor Ed Koch was faced with upwards of 100,000 properties having been foreclosed on for property tax arrears but current rates of delinquency are on the rise. Multifamily owners are squeezed by limitations on rent increases baked into the 2019 Housing Stability and Protection Act, rising interest rates, and costs for insurance, among other things.

The equity exit strategy involves selling a home before the bank forecloses, allowing you to access any remaining equity, pay off your mortgage, and avoid the credit-damaging consequences of foreclosure. This approach highlights the importance of timing, as selling while there’s still market value can prevent a total loss and mitigate financial damage.

"Our situation has become a battleground for homeowners rights against unchecked HOA power. We're fighting to bring attention to these issues that too many face."

Musk's deep attachment to the property influenced his decision to reclaim it, insisting it retain its integrity and connection to its past owner, Gene Wilder.

As a predicate felon (having prior convictions), the defendant is facing mandatory prison time when he's sentenced on Sept. 17, 2025.

'I am anticipating more distressed properties will be coming available, and I'm looking for better deals since rehab costs are increasing,' wrote Auction.com buyer Rebecca Sequeira.

The research highlights the need for financial institutions and regulators to adopt climate-adjusted credit models, as the risks linked to climate change grow.

"The existence of temporary procedural safeguards ceasing applies once a servicer initiates foreclosure proceedings as of January 1, 2022, reflecting changing regulations post-pandemic."

"We originally bought it [for our] workforce education program," Hall told The Chicago Sun Times last week. "I teach solar energy. I teach telecommunications, and I have a DJ apprenticeship program."

As has been extensively covered for a decade, the Public Advocate has an investment property in the foreclosure process, in part due to exploitative banking practices.