Foreclosed condos create fee-collection trouble Nov 3, 2008
For example, in the District of Columbia where I practice, when a lender forecloses on a unit, up to six months of back condominium fees must be paid when either the bank or a third-party buyer at the foreclosure sale takes title ... But regardless of whether this is law in your state, you have to carefully monitor the status of the foreclosure sale. (San Francisco Chronicle -- Business)
More of this story Nov 1, 2008
NEWPORT Seventy-six time-share units at the Newport Bay Club & Hotel were auctioned Friday during a public foreclosure sale, but only one person showed up and he left before the bidding began ... Earlier this month the Inn on the Harbor Owners Association bought 218 time-share units at the inn for 100 each at a foreclosure sale. (Newport Daily News, RI)
What's in Petoskey Pointe's future? Nov 1, 2008
If unpaid property taxes and construction liens go unresolved, a foreclosure sale of the site could be a possibility in the future ... To avoid a possible tax foreclosure sale, developers need to pay those taxes by March 31, 2009 ... If the 2006 amount isn't paid by spring 2009, a tax foreclosure sale would be possible. (Gaylord Herald Times, MI)
Judge approves sale of The Park for $19M Nov 1, 2008
As a precaution in case Summit Shores doesn t close on the unfinished uptown tower the project s lender plans to soon advertise terms for a future foreclosure sale. Judge J. Craig Whitley approved the sales agreement with Summit Shores on Friday after three days of court hearings. (Charlotte Business Journal, NC)
More trouble for Dunmores Oct 28, 2008
Borrowers typically have 120 days to cure defaults or land could be sold at a foreclosure sale. Windemere is a privately held commercial broker that recruited individual lenders for land and development projects, a practice sometimes called hard-money lending. (Sacramento Business Journal, CA)
East Valley home values ahead of 2004 levels Oct 28, 2008
"One foreclosure sale drives the market, and people have to take that into account.". Ryan sympathized with homeowners who lose their jobs, become ill or otherwise can't keep up with their mortgages. (AZCentral -- Business)
WPB plaza set for foreclosure sale Oct 25, 2008
West Palm Beach shopping center set for foreclosure sale - South Florida Business Journal ... West Palm Beach shopping center set for foreclosure sale. (South Florida Business Journal, FL)
Developers use new laws to avoid foreclosure Oct 22, 2008
A business bankruptcy filing typically stops a foreclosure sale from occurring, unless a lender can justify why such a sale should proceed ... Lenders had scheduled foreclosure sales on some of the properties for November. (AZCentral -- Business)
City's foreclosure auction begins Oct 20, 2008
Details on the foreclosure sale are available for the city's Web site at. The site also contains a complete listing of the parcels up for sale at. (Buffalo Business First, NY)
City takes aim at foreclosures Oct 16, 2008
"Homes sit empty for months, and sometimes years, awaiting a foreclosure sale," City Manager Lee Feldman said. "These properties become subject to vandalism, high grass and weeds, and unsecured swimming pools -- among other violations.". (Florida Today)
Foreclosure means lease not valid Oct 11, 2008
We just received a notice that our home is scheduled for a foreclosure sale next month ... He says that he has fallen behind on his mortgage payments, but that he will definitely have the money to bring the mortgage current and cancel the foreclosure sale ... Do we have any right to cancel the lease now, or do we just have to wait to see if the foreclosure sale occurs. (AZCentral -- Business)
Foreclosure forum sheds light on tough issue Oct 10, 2008
Homeowners also have the right, up until one business day before a home is auctioned, to pay any overdue payments, late fees and charges to stop the foreclosure sale. After hearing panelists speak, the audience was able to engage in a question and answer session that touched on many topics: refinancing, second mortgages, sub-prime loans, remodifying loans, tax returns, assistance for jumbo loans, how to fill out loan paper work and how to get a fixed rate loan. (Laurel Leader, MD)
Bank foreclosing on church stuns congregation (529) Oct 8, 2008
The Community Church continues to seek resolution to the situation before the foreclosure sale that is scheduled for Oct. 23. 1 comment(s). (Gaylord Herald Times, MI)
Florida homeowners to get $1B under Bank of America settlement Oct 7, 2008
The third part provides up to $4 million in Florida and $60 million nationwide for relocation assistance for borrowers in foreclosure who voluntarily agree to leave their home at the time of the foreclosure sale ... Until then, foreclosure sales will not be initiated or advanced for borrowers likely to qualify for the modifications, said Liz Ferrer, Bank of America s Florida president. (Tampa Bay Business Journal, FL)
BofA settlement could keep thousands of Floridians from losing their homes Oct 7, 2008
Florida is expected to receive about $4 million of an additional $70 million in relocation assistance that will be available to borrowers who agree to voluntarily leave their home at the time of foreclosure sale. In Florida, Countrywide will waive approximately $9. (South Florida Business Journal, FL)
Cobitco escapes attempted asset seizure by U.S. Bank Oct 6, 2008
In its motion for seizure, U.S. Bank said it planned to take control of Cobitco's equipment to conduct a foreclosure sale. Cooper said Cobitco received notice April 27 and brought the U.S. Bank loan current, but did not receive notice of the May 9 seizure action until May 11 when officials came to execute the court order. (St. Louis Business Journal, MO)
Your guide to real estate jargon Oct 5, 2008
The foreclosure procedure brings the rights of all parties to a conclusion, and the title in the mortgaged property to either the holder of the mortgage or a third party purchasing the realty at the foreclosure sale, free of all encumbrances affecting the property subsequent to the foreclosed mortgage. LIEN A charge or claim which one person (as with a tax lien) or has upon the property of another (lienee) as security for a debt or obligation. (Lihue Garden Island, HA)
Timeline of major events in OJ Simpson cases Oct 4, 2008
mansion in foreclosure sale. Goldman family lawyers seek Simpson assets to satisfy civil judgment. (Longview Daily News, WA)
Sale of equipment leaves Teton Homes' future uncertain Oct 3, 2008
Sheriff's deputy Gus Holbrook stood in front of the courthouse, declared the auction open at 10:30 a.m. sharp, and read the foreclosure sale notice from Zions. Bank attorney Harry Durham requested Holbrook to not read the more than two pages detailing the equipment, including woodworking machines, welding systems, work platforms, a 25-foot by 65-foot paint booth, ventilation systems, monorails and hoists, lockers, office furniture, raw materials, and three patents and three trademarks. (Casper Star-Tribune, WY)
Foreclosure sale set for Pineapple Grove Village Sep 17, 2008
Members: Not Registered. for free extra services. (South Florida Business Journal, FL)
Bookkeeper pleads no contest to stealing $63K from condo Sep 16, 2008
Legal notices in The St. Augustine Record on March 10 announced a foreclosure sale would be held on her house the following month. Get 45% off the news delivered to your home. (The St. Augustine Record)
Foreclosures, Late Payments Break Records Sep 6, 2008
A foreclosure sale sign sits in front of a house in Falls Church, Virginia, just outside Washington. A foreclosure sale sign sits in front of a house in Falls Church, Virginia, just outside Washington D.C. An industry group says a record 9. (ABC News -- Wire)
Arena action: Lakewood Ranch power play seeks resolution Sep 1, 2008
SMR also is seeking termination of the automatic stay on the arena property s foreclosure, which would allow SMR to proceed with a foreclosure sale, bankruptcy court records show. DVA Arena LLC in Sarasota filed its Chapter 11 petition on July 25, a day prior to the scheduled foreclosure sale. (Tampa Bay Business Journal, FL)
Center's shutdown highlights eldercare problems Aug 31, 2008
37 million foreclosure sale. Hand Avenue Investors has leased the facility to a Port Orange assisted living operator, and the building will be reopening next month, according to Peter Golub, president of the investor group. (Daytona Beach News Journal)
Dubinsky bankruptcies pile up as lenders head to the courts Aug 29, 2008
Pooler s lawyer, Michael Welch, said a lender who is owed $1 million tried to foreclose on the Calypso Bay land, but Samia Forest s bankruptcy two weeks ago shortly before the scheduled foreclosure sale will delay that effort. The lawsuit, filed on behalf of six lenders, is in arbitration. (Sacramento Business Journal, CA)
Cupertino Square owners: No sale Aug 29, 2008
That property will never sell at a foreclosure sale. We have a number of judicial options, including seeking a stay from the Court of Appeals, said Cupertino Square attorney Jim Evans, a partner in the Los Angeles-based firm of. (San Jose Business Journal, CA)
Judge appoints receiver, trustee for The Park Aug 28, 2008
Three creditors banded together to block the foreclosure sale, which had been slated to close last week. On Aug. 14, C.P. Buckner Steel Erection Inc., Southern Steel Co. and architect Gary Williams jointly filed a total claim of $1. (Charlotte Business Journal, NC)
The Park developer faces bankruptcy petition Aug 20, 2008
A trio of contractors is seeking to block the foreclosure sale of The Park condo project in uptown Charlotte, filing an involuntary bankruptcy petition against its developer. We believe the next steps should be in the bankruptcy process and not in the foreclosure proceedings, says attorney Kevin Sink, who represents the contractors. (Charlotte Business Journal, NC)
Investors foreclose on hotel, again Aug 17, 2008
Boehm s company also set a foreclosure sale for the Northern for July to collect on that loan, but that sale, too, was postponed. This is the second foreclosure sale for the Northern. (Montana Standard, MT)
Housing Rebound in Cleveland Signals More Bad News Nationwide Through 2009 Aug 15, 2008
Updated: New York, Aug 15 03:45 London, Aug 15 08:45 Tokyo, Aug 15 16:45. Housing Rebound in Cleveland Means Bad News for U.S. (Update2). (Bloomberg)
Find Atlanta foreclosures Aug 13, 2008
Properties that are currently in default and are being advertised for foreclosure sale by the lender ... Lenders have become more agreeable to discounting the loan amount and/or allowing a qualified contract to stop the foreclosure sale ... All foreclosure sales in Georgia are held on this set date on the Superior Court steps of the particular county between 10:00 AM and 4:00 PM.. (Atlanta Journal-Constitution -- Metro)
Dolphins release place-kicker Feely Aug 13, 2008
Jones defaulted on a mortgage with U.S. Bank, according to a notice of foreclosure sale published in June. Jones' attorney Worrick Robinson said that he didn't know if Jones would accept the bid from the unidentified bidder. (News & Observer -- Sports)
Foreclosure sale of old Brighams plant Aug 13, 2008
Foreclosure sale of old Brighams plant - Arlington, MA - The Arlington Advocate ... Foreclosure sale of old Brighams plant. (Arlington Advocate, MA)
Continue reading Aug 6, 2008
In other business, the council also unanimously approved an ordinance which will require abandoned residential property -- due to notice of default, notice of trustees sale, or that which has been the subject of a foreclosure sale -- to be registered with the City of Selma. The ordinance goes into effect on Sept. 4. (Selma Enterprise, CA)
Foreclosures eat into US metros Aug 3, 2008
Home prices fell in 23 of 25 US metropolitan areas in May from a year earlier as foreclosure sales pushed down values and most areas remained mired in the housing recession ... "Price declines are occurring in areas where subprime lending was heavily concentrated, and a large percentage of sales are foreclosure sale," said Susan Wachter, a professor of real estate finance at the University of Pennsylvania. (Business Report, South Africa)
Freddie Mac to Double Incentives To Servicers to Avoid Foreclosures Aug 1, 2008
For preforeclosure sales, under which Freddie Mac accepts less than the full amount owed on a borrower's loan, compensation will increase to $2,200, up $1,000 ... Servicers will be given up to 10 months from the due date of the last payment to the foreclosure sale. (Yahoo News -- Real Estate)
Second South Shore developer files RICO lawsuit against Commerce Bank & Trust Jul 31, 2008
That property, portions of which are in Northborough, Shrewsbury, and Westborough, was acquired by Gemstone Investment through a foreclosure sale on July 14. Sanderson also has filed for bankruptcy. (Boston Globe)
Uptown Theatre buyer calls city requirements onerous Jul 31, 2008
(Crains) The foreclosure sale of the to a venture led by Jam Productions Ltd. doesnt mean tickets will be going on sale at the historic concert hall any time soon or even any time in the next few years ... 2 million Tuesday in a court-ordered foreclosure sale, agreeing to pay the amount thats owed on two existing mortgages one of which is held by the Jam venture, which includes Block 37 developer Joseph Freed iates LLC.. (Crain's Chicago Business)
Jam buys Uptown for $3.2M Jul 30, 2008
2 million in a court-ordered foreclosure sale ... The propertys ownership has been in dispute, and Mr. Mickelson in a venture with Block 37 developer Joseph Freed iates LLC began pushing for a foreclosure sale early last year when the venture acquired the defaulted second mortgage on the 4,500-seat theater. (Crain's Chicago Business)
'Pacman' foreclosure postponed Jul 29, 2008
(AP) - The foreclosure sale of Dallas Cowboys cornerback Adam "Pacman" Jones' Tennessee home has been postponed for a second time. Jones had defaulted on a mortgage with U.S. Bank, according to a notice of foreclosure sale published in June ... The foreclosure sale scheduled on the steps of the old Williamson County Courthouse originally had been set for June 27 before being reset for Monday. (Andalusia Star News, AL)
Bad ankle, not contract issues, keep Burress from practice Jul 29, 2008
The foreclosure sale of Dallas Cowboys cornerback Adam Jones' Tennessee home has been postponed for a second time. Originally set for June 27, it will be Aug. 22. (USA Today -- Sports)
Giants lineman admits addiction Jul 29, 2008
PACMAN'S FORECLOSURE POSTPONED: The foreclosure sale of Dallas Cowboys cornerback Adam "Pacman" Jones' home has been postponed again. Jones defaulted on a mortgage with U.S. Bank, and the foreclosure had been set for June 27 before being reset for Monday. (News & Observer -- Sports)
Lawmakers swing hard at foreclosure fraud Jul 28, 2008
KATHLEEN CABBLE Senior Secretary Tamara Vecsey, along with court clerks Nancy Porrata and Lori Davis, conducts a mortgage foreclosure sale in the Hillsborough County Circuit Civil department. A man hands in his bid to purchase property during the session. (Tampa Bay Business Journal, FL)
How One Borrower Beat the Foreclosure Machine Jul 27, 2008
To try to protect its borrowers, Georgia just instituted a law requiring that lenders moving to foreclose on a borrower must file proof in county records that they own the underlying property before the home goes to foreclosure sale. We believe that many of these companies can t find the assignments, said William J. Brennan Jr., director of the Home Defense Program of the Atlanta Legal Aid Society. (Atlanta Journal-Constitution -- Business)
Minnesota home foreclosures up 120% in Q2 Jul 26, 2008
RealtyTrac tracks three types of filings: default notices, notices of trustee or foreclosure sale and bank repossessions. cwyant@bizjournals. (Twin Cities Business Journal, MN)
SoCal congresswoman faces write-in challenge Jul 26, 2008
The Citizens for Responsibility and Ethics, a Washington-based watchdog group, asked the House Ethics Committee last month to determine whether Richardson received what amounted to an improper gift when Washington Mutual Inc. rescinded the foreclosure sale of one of her homes in May. Richardson also owned two other homes in her Southern California district that have fallen into default six times. (Fresno Bee -- State)
Foreclosures double from last year Jul 25, 2008
A foreclosure sale sign sits in front of a house in Falls Church, Virginia, just. Business Video. (Yahoo News -- Top Stories)
Fannie Mae Unsold $5 Billion Homes Shows Why Shares Bring Investing Peril Jul 24, 2008
So broker Raymond Megie, who is handling the foreclosure sale, advised cutting the price to $5,000. Megie still couldn't sell it. (Bloomberg)
More trouble for Fannie Mae Jul 23, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Work Out Problems With Lenders? Try to Find Them Jul 20, 2008
The Ahlemans, fearful that any payments they made would be lost in a foreclosure sale or go toward lawyers fees that they were disputing, stopped making their mortgage payments and instead set them aside in a separate bank account. Finally, with a foreclosure sale looming and more than $5,000 in fees on their account, the Ahlemans filed for Chapter 13 bankruptcy protection to try to keep their house. (Atlanta Journal-Constitution -- Business)
Mortgage Insurers Raise Bar Jul 16, 2008
In areas where home prices are dropping, insurers bear greater risks, because a home now is more likely to bring too little at a foreclosure sale to pay off the loan. Rising Prices. (Yahoo News -- Real Estate)
Placer Vineyards lenders can't agree on sale Jul 5, 2008
A foreclosure sale had been set for April but was delayed while other options were explored. The land was purchased in 2004 for $31 million by what is now , a company backed by the principals of now-bankrupt USA Commercial Mortgage Co. of Las Vegas. (Sacramento Business Journal, CA)
Death of a salesman Jul 4, 2008
Only a month ago, in May, Tartan Films USA (Tartan's American offshoot, which had been set up in 2004) hit the reefs with the announcement of a "public foreclosure sale" of all its assets. The UK market for Asian horror films, for so long Tartan's staple, had bottomed out. (Guardian Unlimited)
More NFL news Jun 30, 2008
(AP) -- A foreclosure sale on the home of former Tennessee Titan Adam "Pacman" Jones has been postponed until next month. LONDON (AP) -- The 15,000 tickets available in the second general admission sale for the NFL regular-season game at Wembley Stadium sold out Friday in 30 minutes. (The Palm Beach Post)
Foreclosure sale of 'Pacman' Jones' home postponed Jun 28, 2008
A foreclosure sale on the home of former Tennessee Titan Adam "Pacman" Jones has been postponed until next month ... Jones has defaulted on the terms and conditions of a mortgage, according to a notice of foreclosure sale published earlier this month. (San Francisco Chronicle -- Business)
Rookie pay irks Goodell Jun 28, 2008
" He also imposed the maximum $100 fine and $50 surcharge after Lynch pleaded guilty to failure to exercise due care toward a pedestrian.HENRY FACING ONE LESS CHARGE: The trial of former Cincinnati Bengals receiver Chris Henry will continue Monday, but the receiver will be facing one less charge.Henry, who had been accused of punching a man in the face and breaking his car window with a beer bottle, had been charged with assault and criminal damaging.On Friday, Hamilton County Municipal Court... (News & Observer -- Sports)
Adam 'Pacman' Jones Foreclosure Postponed Jun 28, 2008
(June 27, 2008)--A foreclosure sale involving the home ofsuspended Dallas Cowboys cornerback Adam "Pacman" Jones has been postponed until next month ... Jones, who was traded to Dallas by the Tennessee Titans thisyear, has defaulted on the terms and conditions of a mortgage withU.S. Bank, according to a notice of foreclosure sale publishedearlier this month in The Tennessean newspaper in Nashville. (KWTX.com, TX)
"Short Sales" Climb As Homeowners Bail Out Jun 25, 2008
"And they're always comparing it against foreclosure. Can they get more for a foreclosure sale than they can from a short sale," said Allen Fishbein of the Consumer Federation of America. There's nothing "short" about short sales, either. (CBS News)
Portland Development Commission considers a new loan to stave off foreclosure of the Heritage Building Jun 24, 2008
The Portland Development Commission on Wednesday will try to save the renovated Heritage Building -- one of the city's landmark projects on Northeast Martin Luther King Jr. Boulevard -- from a foreclosure sale next month ... Albina bank has scheduled a July 22 foreclosure sale ... Albina bank told the developer in February that it plans to sell the property in a foreclosure sale in July. (OregonLive, OR -- Business)
Jones sheds 'Pacman' in attempt to change Jun 23, 2008
In Tennessee, a foreclosure sale was published involving Jones home and 30 acres in a Nashville suburb. The home and land are scheduled to be sold Friday on the courthouse steps. (Yahoo News -- Auto Racing)
Future cloudy for two towers Jun 23, 2008
Little took possession of the property on May 27 under a court order and will retain control pending further court action or a foreclosure sale. Little declines to comment. (Charlotte Business Journal, NC)
NFL Lynch to plead guilty in hit and run Jun 21, 2008
Briefly: A foreclosure sale has been published involving the Franklin, Tenn ... Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published in The Tennessean newspaper. (San Francisco Chronicle -- Sports)
Pacman faces foreclosure on home in Tennessee Jun 21, 2008
-- A foreclosure sale has been published involving the home of former cornerback. Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published Thursday in The Tennessean newspaper in Nashville. (ESPN -- Football News)
Buyer sues Calif. congresswoman over foreclosure Jun 14, 2008
In the notice of recission filed as an exhibit in York's lawsuit, the trustee company acknowledges it "had previously agreed to postpone the foreclosure sale until June 4, 2008."Meanwhile, York said in the lawsuit that he has already started making repairs to the house, including painting, restoring the floors, landscaping and general clean-up that have "significantly increased its value."He argues it would be unfair to give the house back to Richardson in better condition than she lost it. The... (Fresno Bee -- State)
Court tosses $1,000 sale of $500,000 Martin home Jun 12, 2008
On Wednesday, a state appeals court nixed a 2007 foreclosure sale in which a company paid $1,000 for a Martin County home worth 500 times as much ... Judge Robert Gross' order said the purpose of the law in this area is "to promote the viability of the foreclosure sale process" and "encourage good faith offers," not protect "outrageous windfalls" to buyers making trifling bids. (The Palm Beach Post)
