#foreclosure

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#real-estate

Russian billionaire faces foreclosure on Plaza, 15 Central Park West condos

The Kogans are facing foreclosure on their luxury properties due to mortgage defaults.
Their expensive real estate investments reflect a significant shift in financial circumstances.
The properties have become emblematic of excess amidst emerging financial issues.

Elon Musk's Former Home Has Price Slashed by $3.5 Million-as Property Once Owned by Gene Wilder Faces Foreclosure Auction

Elon Musk's former Bel-Air home has seen a price reduction of nearly $3.5 million after mortgage default proceedings.

Miami senator's bill targets rigged foreclosure auctions, following Miami Herald expose

Sen. Ileana Garcia filed legislation to enhance transparency in foreclosure auctions to protect homeowners from predatory practices.

Chetrit Organization faces foreclosure at two downtown properties

Chetrit Organization facing foreclosure due to loan defaults on two downtown properties.

Property owner wins right to challenge foreclosure in Brooklyn case

The Appellate Division ruled that BLDG Oceanside, LLC can intervene in the foreclosure case due to its substantial interest in the property.

Bill Cosby Is Facing Foreclosure on 2 New York Townhouses Over Claims He 'Failed To Repay' Multiple Multimillion-Dollar Loans

Cosby and his wife face possible foreclosure for defaulting on multimillion-dollar loans.
The total amount in question is over $21 million between two properties.

Russian billionaire faces foreclosure on Plaza, 15 Central Park West condos

The Kogans are facing foreclosure on their luxury properties due to mortgage defaults.
Their expensive real estate investments reflect a significant shift in financial circumstances.
The properties have become emblematic of excess amidst emerging financial issues.

Elon Musk's Former Home Has Price Slashed by $3.5 Million-as Property Once Owned by Gene Wilder Faces Foreclosure Auction

Elon Musk's former Bel-Air home has seen a price reduction of nearly $3.5 million after mortgage default proceedings.

Miami senator's bill targets rigged foreclosure auctions, following Miami Herald expose

Sen. Ileana Garcia filed legislation to enhance transparency in foreclosure auctions to protect homeowners from predatory practices.

Chetrit Organization faces foreclosure at two downtown properties

Chetrit Organization facing foreclosure due to loan defaults on two downtown properties.

Property owner wins right to challenge foreclosure in Brooklyn case

The Appellate Division ruled that BLDG Oceanside, LLC can intervene in the foreclosure case due to its substantial interest in the property.

Bill Cosby Is Facing Foreclosure on 2 New York Townhouses Over Claims He 'Failed To Repay' Multiple Multimillion-Dollar Loans

Cosby and his wife face possible foreclosure for defaulting on multimillion-dollar loans.
The total amount in question is over $21 million between two properties.
morereal-estate
#friars-club

Friars get roasted at last as historic NYC clubhouse put up for sale

The East 55th Friars clubhouse is going into foreclosure, highlighting its financial struggles and rich comedic legacy.

Exclusive | Following the foreclosure sale of NYC's Friars Club, the son of the late William B. Williams aims to retrieve a coveted photo inside

Jeffrey Williams seeks the return of his late father's photo from the now-foreclosed Friars Club, highlighting the institution's uncertain future.

Friars get roasted at last as historic NYC clubhouse put up for sale

The East 55th Friars clubhouse is going into foreclosure, highlighting its financial struggles and rich comedic legacy.

Exclusive | Following the foreclosure sale of NYC's Friars Club, the son of the late William B. Williams aims to retrieve a coveted photo inside

Jeffrey Williams seeks the return of his late father's photo from the now-foreclosed Friars Club, highlighting the institution's uncertain future.
morefriars-club

Bill Cosby faces foreclosure on NYC townhouse after allegedly defaulting on a $4.2M loan

Bill Cosby faces foreclosure on his Manhattan townhouse after defaulting on a significant loan.

Kim Zolciak and Kroy Biermann Cut $300,000 More Off Price of Georgia Mansion in Desperate Attempt To Sell Before Foreclosure Auction

Zolciak and Biermann have decreased their mansion price by $300,000 to avert foreclosure, reflecting their financial struggles post-split.
#elvis-presley

'IMPACT x Nightline' investigates the shocking alleged foreclosure scheme in 'Stealing Graceland'

The documentary 'Stealing Graceland' reveals an alleged foreclosure scheme that shocked fans and explored the depths of the Presley family's connection to the estate.

Is Elvis' Graceland actually up for sale? His granddaughter, alleging fraud, says no

Elvis Presley's granddaughter is suing to stop the foreclosure sale of Graceland due to alleged fraud by a non-existent company.

'IMPACT x Nightline' investigates the shocking alleged foreclosure scheme in 'Stealing Graceland'

The documentary 'Stealing Graceland' reveals an alleged foreclosure scheme that shocked fans and explored the depths of the Presley family's connection to the estate.

Is Elvis' Graceland actually up for sale? His granddaughter, alleging fraud, says no

Elvis Presley's granddaughter is suing to stop the foreclosure sale of Graceland due to alleged fraud by a non-existent company.
moreelvis-presley
#bankruptcy

California bankruptcies jump 25% in a year to 4-year high

Californians are facing increased financial stress, indicated by a rise in bankruptcy filings and foreclosures this summer.

Property owner wins right to challenge foreclosure in Brooklyn case

The Appellate Division allowed BLDG to intervene in a foreclosure case due to its significant interest in the property's lease termination.

California bankruptcies jump 25% in a year to 4-year high

Californians are facing increased financial stress, indicated by a rise in bankruptcy filings and foreclosures this summer.

Property owner wins right to challenge foreclosure in Brooklyn case

The Appellate Division allowed BLDG to intervene in a foreclosure case due to its significant interest in the property's lease termination.
morebankruptcy
#commercial-real-estate

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.

The Daily Dirt: Take my building, please

The owner's reluctance to invest in a depreciating property can lead to a stalemate with lenders. Both parties may find the building undesirable.

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.

The Daily Dirt: Take my building, please

The owner's reluctance to invest in a depreciating property can lead to a stalemate with lenders. Both parties may find the building undesirable.
morecommercial-real-estate
#homeownership

Elderly Man Fears Losing His Home to Deed Scam

Elderly man deceived into signing deed over for repairs, leading to foreclosure.

Planet Money: Zombie 2nd Mortgages - 99% Invisible

Unexpectedly resurrected debts known as 'zombie mortgages' threaten homeowners even after years of stability.

Judge orders Porsche-driving LI squatters to hit the road after shifting previous decision into reverse

Squatters in Porsche driven out by judge's order
Neighbors report abandoned Cape Cod-style home issues

Elderly Man Fears Losing His Home to Deed Scam

Elderly man deceived into signing deed over for repairs, leading to foreclosure.

Planet Money: Zombie 2nd Mortgages - 99% Invisible

Unexpectedly resurrected debts known as 'zombie mortgages' threaten homeowners even after years of stability.

Judge orders Porsche-driving LI squatters to hit the road after shifting previous decision into reverse

Squatters in Porsche driven out by judge's order
Neighbors report abandoned Cape Cod-style home issues
morehomeownership

West Virginia gov's historic Greenbrier hotel avoids foreclosure as he runs for Senate

Family of West Virginia Gov. Jim Justice avoids foreclosure of The Greenbrier hotel by reaching an agreement with a credit collection agency.
from www.housingwire.com
4 months ago

CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices

CFPB settles with Fay Servicing over illegal foreclosure practices, involving fines and compensation to affected customers.

Equity theft is now illegal in Massachusetts, making it possible for some who lost their homes to get money back

A new law in Massachusetts bans 'equity theft' by requiring municipalities to return any remaining equity to former homeowners after selling foreclosed properties.
from www.npr.org
7 months ago

Zombie 2nd mortgages are coming back to life

Homeowners can face foreclosures due to zombie second mortgages, bought by debt collectors for pennies on the dollar, even if they've been paying their mortgages diligently.

Foreclosed San Jose site once pitched as hotel lands Bay Area buyer

Real estate investors purchased a San Jose property that fell into foreclosure at a reduced price, showing a decline in value over five years.

San Jose towers owner gets court to order delay for condo foreclosures

Z&L Properties faced foreclosure due to unpaid dues, won temporary halt order.
New condo owners are responsible for dues, developer pays for unsold condos.

L.A. County settles PACE loan lawsuits; affected homeowners to receive millions

Los Angeles County settled for $12 million over home improvement lending program issues
The PACE program in LA County faced allegations of harming vulnerable homeowners
#commercial-property

Mountain View tech buildings are foreclosed as real estate woes widen

Silicon Valley office buildings seized by lender due to commercial property woes
Foreclosure impacts real estate investors in the Bay Area

East Bay buildings flop into default as Bay Area office woes persist

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.
Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.

Mountain View tech buildings are foreclosed as real estate woes widen

Silicon Valley office buildings seized by lender due to commercial property woes
Foreclosure impacts real estate investors in the Bay Area

East Bay buildings flop into default as Bay Area office woes persist

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.
Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.
morecommercial-property
#san-jose

San Jose office building is seized by lender as real estate woes widen

San Jose office building foreclosed due to delinquent loan.
Property previously owned by Alviso Park now owned by lender due to foreclosure.

Court receiver seizes control of big San Jose building in loan default

A court receiver has taken control of a delinquent office building in San Jose due to economic woes in the commercial property market.
The building's owner, Vista Investment Group, owes $24.3 million on the loan and is facing foreclosure.

Court receiver seizes control of big San Jose building in loan default

A San Jose office building is being seized by a court receiver after falling into delinquency on its loan.
The building's owner, Vista Investment Group, is facing foreclosure and the receiver has been authorized to find a tenant for the property.

San Jose office building is seized by lender as real estate woes widen

San Jose office building foreclosed due to delinquent loan.
Property previously owned by Alviso Park now owned by lender due to foreclosure.

Court receiver seizes control of big San Jose building in loan default

A court receiver has taken control of a delinquent office building in San Jose due to economic woes in the commercial property market.
The building's owner, Vista Investment Group, owes $24.3 million on the loan and is facing foreclosure.

Court receiver seizes control of big San Jose building in loan default

A San Jose office building is being seized by a court receiver after falling into delinquency on its loan.
The building's owner, Vista Investment Group, is facing foreclosure and the receiver has been authorized to find a tenant for the property.
moresan-jose
#housing-market

Surge in Brooklyn foreclosures: One building bears brunt with over double the cases last year * Brooklyn Paper

The number of Brooklyn homeowners at serious risk of losing their homes through foreclosure more than doubled from 2022 to 2023.
Brooklyn accounted for 30% of the city's 1,620 foreclosures, the first time the number has climbed to four digits since 2019.

Foreclosures Have More Than Doubled in 2 Years-Will Cheap Homes Flood the Market?

The number of homeowners at risk of foreclosure has surged over the past two years.
Another wave of foreclosures flooding the market with cheap homes is unlikely.

Foreclosures Are Rising-Especially in This One State-but Not for the Reason You Might Think

Foreclosure filings increased by 8% annually with about 33,000 properties in February.
Lenders repossessed fewer homes in February, down 11% year over year.

Surge in Brooklyn foreclosures: One building bears brunt with over double the cases last year * Brooklyn Paper

The number of Brooklyn homeowners at serious risk of losing their homes through foreclosure more than doubled from 2022 to 2023.
Brooklyn accounted for 30% of the city's 1,620 foreclosures, the first time the number has climbed to four digits since 2019.

Foreclosures Have More Than Doubled in 2 Years-Will Cheap Homes Flood the Market?

The number of homeowners at risk of foreclosure has surged over the past two years.
Another wave of foreclosures flooding the market with cheap homes is unlikely.

Foreclosures Are Rising-Especially in This One State-but Not for the Reason You Might Think

Foreclosure filings increased by 8% annually with about 33,000 properties in February.
Lenders repossessed fewer homes in February, down 11% year over year.
morehousing-market

Cathay Bank Forecloses on Pacific Palisades Mansion

Chinatown-based lender Cathay Bank has foreclosed on a Pacific Palisades mansion after the owner fell behind on $13.1 million in debt.
The property was sold at a public auction for $5 million, with $14.4 million of unpaid debt.

Thorofare Capital Lists DTLA Buildings in Foreclosure Sale

Thorofare Capital has launched a foreclosure sale for two historic office buildings in Downtown Los Angeles after Livwrk defaulted on a $17.5 million loan.
The two-building property at 800 and 810 Traction Avenue, known as AtTraction, is listed for sale with the price not disclosed.
Livwrk, the New York-based developer, bought the buildings in September 2021 for $19.5 million and planned to overhaul them into Class-A office and lifestyle project.

Allegedly racist LI squatters officially booted after not paying mortgage for over a decade - but leave a wreck behind

Long Island squatters evicted after not paying mortgage for over a decade
Home left in deplorable condition after eviction
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