An office building on Executive Drive in Brookfield has been acquired by the building owner’s lender in a deed in lieu of foreclosure action, according to state records. Located at 200 S.

“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.

These include the sale of the home, a deed in lieu of foreclosure, or simply paying the balance if they have the resources to do so. But in the case in Connecticut, the heirs of the deceased ...

A mostly vacant Brookfield office building has been sold to a California investment group through foreclosure − almost one year after a similar sale for another nearby building. The four-story ...

Cook Children’s Health Care Services is now the owner of the 276-room hotel located at 1431 Jefferson St. following a deed in lieu of foreclosure, which is a streamlined version of the ...

The financing vehicle that triggered the foreclosure was a construction ... affiliate lost ownership of the building through a deed in lieu of foreclosure, which is a streamlined process whereby ...

The Block 216 tower that holds Portland’s Ritz-Carlton hotel encountered “catastrophic setbacks from the beginning” and is now only worth $425 million — far short of the $510 million owed ...

Ready Capital and the borrowers were planning what’s called a deed in lieu of foreclosure to basically hand over the keys without a foreclosure auction, court documents say. But the smaller ...

The Signature Development affiliate was the entity that lost ownership of the building through a deed in lieu of foreclosure, which is a streamlined process whereby a lender can gain ownership of ...

Blackstone also made a move to seize the financially troubled Magnificent Mile office tower at 444 North Michigan Avenue in Chicago through a deed in lieu of foreclosure. The former owners ...

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 ...

based lender. Sterling Bay is expected to hand over the property through a so-called deed in lieu of foreclosure, sources familiar with the matter said, a transaction that allows landlords and ...