Alyssa S. PETERSON, Plaintiff-Appellant, v. WELLS FARGO TRUSTEE, Wells Fargo, N.A., JPMorgan Chase Bank, N.A., Defendants-Appellees.
Four months after lenders seized Hans Futterman's Harlem development site, the developer is now at risk of losing a property across the street. Maverick Real Estate Partners is seeking to foreclose on five retail condominium units at 2280 Frederick Douglass Boulevard, a 12-story condo building in South Harlem.
It's a busy day for the lawyers representing Bauhouse Group, the fallen developer of 3 Sutton Place that lost the property to its lender Gamma Real Estate at a foreclosure auction in 2016. Two separate lawsuits involving Bauhouse and its principals were filed in Manhattan court on Thursday to litigate disputes at 3 Sutton Place and 515 West 29th Street.
Home Capital was a lightning rod for short sellers taking aim at Canada's rapidly rising housing market. This was happening even before the liquidity crisis of 2017 .
In case you missed it, here is our list of the most significant financial services rulings in 2017 from the Supreme Court of the United States and major federal appellate courts. While there were no decisions of overwhelming significance to the industry, a number of them were impactful, including a major decision on fair lending that makes it far more difficult for cities to pursue large-scale fair housing discrimination claims against lenders.
Did you know homeowners associations in Arizona can foreclose on homes? This week, azcentral Rewind takes a look at Arizona's history with HOAs and why they have so much power. Currently, Arizona homeowners associations can foreclose on owners if they fail to pay their dues for a year or get behind by $ 1,200 – whichever comes first.