Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Rating system will help homebuyers avoid the risks of borrowing.
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
The hardest-hitting recession in 75 years has left as many as 70 percent of consumers (many newly credit-challenged) with battered credit scores. However, retailers who approach these customers with sensitivity and integrity can find great opportunity both for themselves and the customers they help get on the road to recovery. It has been our experience […]
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project’s development has been scheduled for liquidation by a lender.
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Markets, no matter how imperfect, not government programs, manage the economy.
One of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business based in Indianapolis.
Real estate holdings of the nonbank-branch variety are growing fast on bank balance sheets.
Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
A Maryland company has taken ownership of downtown’s 28-story M&I Plaza just three months before a major tenant departure
leaves the skyscraper 70-percent vacant. The new owner is CapitalSource Inc., a commercial finance and investment firm based
in Chevy Chase, Md. It had been a lender to the former owner, which defaulted.
Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier’s Metropolis mall in Plainfield.