In New York City, Crain's New York Business reports:Overleveraged residential buildings, properties that are not generating enough rental income to cover their mortgage payments and overall maintenance costs, as well as multi-family buildings that have gone through foreclosure are having a negative impact on neighboring properties, according to a new ...
Most Recent Articles For: Residential
Written by Administrator on February 4th, 2012
Written by Administrator on July 23rd, 2011
In Brooklyn, New York, the New York Daily News reports:More city apartment buildings are going into foreclosure - and low-income neighborhoods in Brooklyn are among the hardest hit. The foreclosure crisis that engulfed individual homeowners has also hit larger buildings, with more getting slapped with foreclosures in the last two ...
Written by Administrator on July 2nd, 2011
Lexology reports:The Texas legislature just rewrote all real estate loan documents in Texas which include an assignment of rents to the lender (and almost all commercial real estate loans do) when it passed the new Chapter 64 of the Texas Property Code. The Governor signed the bill on June 17, ...
Written by Administrator on April 23rd, 2011
In New York City, the Brooklyn Daily Eagle reports:The Urban Homesteading Assistance Board (UHAB), an organization that has assisted in the preservation of more than 1,700 buildings and created homeownership opportunities for 30,000 households in the city since it was established in 1973, reports that it is ramping up its ...
Written by Administrator on April 23rd, 2011
The Wall Street Journal reports:For more than three years, Fannie Mae has faced surging foreclosures on deteriorating home loans. Now, it also has to deal with an uptick in souring loans backing apartment buildings made as the market peaked four years ago.Last year, Fannie acquired 232 properties through foreclosure—more than ...
Written by Administrator on September 10th, 2010
Ronald J. O'Malley, 47, Upper Saddle River, New Jersey, the former Chairman and a Commissioner of the Bergen County Improvement Authority ("BCIA") and a principal in a Ridgewood, New Jersey mortgage brokerage firm, has been Indicted along with Laura-Jean Arvelo, 51, of River Vale, New Jersey, a loan officer and vice president ...
Written by Administrator on September 8th, 2010
Ronald J. O'Malley, 47, Upper Saddle River, N.J., the former Chairman and a Commissioner of the Bergen County Improvement Authority ("BCIA") and a principal in a Ridgewood, N.J. mortgage brokerage firm, was indicted along with a loan officer and vice president of the firm for perpetrating an alleged mortgage fraud ...
