A $28.7 million mortgage payment failure to Fannie Mae lead the Remy family to a foreclosure auction where all nine contested apartment buildings owned will be sold. The decisions by various judges in Tulsa County court began coming down last month and reached the final property Executive Series Apartments. There already foreclosed properties are: Executive [...]
Peter Cooper Village and Stuyvesant Town, the ailing apartment complex is now attracting the biggest name in finance and real estate, such as investor William Ackman. Mr. Ackman leads a partnership which hopes to gain ownership at a foreclosure auction scheduled on August 25. However, this isn’t sure yet, because the list of potential buyer [...]
Belle Meade Town Center a pricey apartment development on Harding Pike will enter into foreclosure shortly. Wachovia Bank has scheduled a foreclosure sale for this property on Thursday, August 26 at the front door of the Davidson County Courthouse in Nashville, Tennessee. The project includes 54 luxury apartments and a Regions bank branch, which were [...]
There seems to be some relief in the Commercial Mortgage-backed Securities (CMBS) market in the month of July – reason: nearly 50 percent of borrowers of commercial loans, which are securitized debts, have met their balloon payments on time successfully, as reported by authentic sources. This is an increase by over 11 percent from the [...]
Encore at the Wynn Las Vegas – Las Vegas, Nevada | Sep 29 – Oct 01
JW Marriott Hotel – Washington, D.C. | Sep 26 – Sep 28
Sheraton – Dallas, Texas | Sep 19 – Sep 22
Barton Creek Resort & Spa – Austin, Texas |Sep 12 – Sep 14
BankAtlantic has started the process of what sources are calling a "friendly foreclosure" against Sergio Pino, the Doral homebuilder over a 75.4-acre site in Hialeah Gardens. Pino, the president and CEO of Century Homebuilders and board member of U.S. Century Bank has another foreclosure lawsuit pending from the Wachovia Bank. He countersued Wachovia in its [...]
Stabfund Inc., the mortgage holder filed a complaint against Omphoy Ocean Resort in July. According to the suit the South End property’s owner is in default on the $60 million note. This suit will be followed by a possible foreclosure. The court filing talks about the Omphoy to recently inform the bank, that it would [...]
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