The beleaguered building encountered 'catastrophic setbacks from the beginning', a lender alleges in the filings. Block 216 was designed as a mix of ritzy apartments, office and hotel space which ...

MBA does not, however, support “granting VA new statutory forbearance and foreclosure moratorium authority,” urging the committee to remove or modify the provision due to concerns of operation ...

“A deed in lieu either stops the lender from commencing a foreclosure or stops a foreclosure that has been commenced. Simply stated, the borrower turns over the keys to the lender,” Gerson said.

As the first quarter drew to a close, at least 25 major office properties across the Denver area were outright owned by a lender, thanks to a foreclosure or deed-in-lieu of foreclosure, or effectively ...

Blackstone Mortgage Trust has taken control of the 444 N. Michigan Ave office building from a joint venture of Golub & Company and CIM Group due to a failed loan repayment, despite attempts at a ...

The U.S. Department of Veterans Affairs (VA) announced on Thursday that it will discontinue a mortgage-assistance program aimed at helping veterans avoid foreclosure. However, the VA has provided ...

According to the Bay County Sheriff’s Office deed on the mortgage sale, Wenonah Park Properties owed more than $21.8 million on the property at the time of its foreclosure. The hotel and its ...

A deed in lieu of foreclosure is another alternative that requires you to give up the property with a deed back to the lender. In exchange for the deed in lieu of foreclosure, you'll be released ...

the program is described as a last-resort option offered by the VA to borrowers in financial distress after they have exhausted other means through commercial lenders to stop foreclosures ...

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180 Grand’s new ownership snatched up the building through a deed in lieu of foreclosure at a price more than 80% less than that paid in 2017. Further, the tower would serve as an anchor in the ...