Many loans are tied up in securities, and banks now with adequate reserves are arranging deed-in-lieu
and short sale agreements themselves.
transactions fell off sharply from a year ago.
This resource now contains eligibility surveys for government programs offering help to distressed homeowners, including the Home Affordable Foreclosure Alternatives Program, or HAFA, which increases the likelihood of a short sale or deed-in-lieu
Manhattan-based real estate firm Delshah Group filed suit in New York State Supreme Court, seeking a court order to block the transfer of a deed-in-lieu
of foreclosure for Zamir Equities' Setai Wall Street, at 40 Broad Street.
The company contributed approximately USD2.0m in reduction of the loan, turned the property over to the lender pursuant to a deed-in-lieu
transaction, and was relieved of the USD26.4m obligation and a USD6.7m repayment guaranty.
Tenders are invited for Real Estate Auctioneer will be responsible for conducting public auctions, live and/or web-based, for select properties acquired by CHFA through foreclosure or deed-in-lieu
The firm finalized a $20.5 million transaction, purchasing two non-performing senior notes secured by a group of nine net-leased properties and simultaneously assuming ownership through a deed-in-lieu
(DIL) of foreclosure agreement.
However, lenders in other states should remain cautious and approach a deed-in-lieu
transaction in the same manner as if it were a real estate purchase outside of a loan context.
The 1925 three-story Art Deco building is located one block south of Lincoln Road's pedestrian mall and had been in the hands of private lender Pinetree Partners since March 2009, when it was acquired in a deed-in-lieu
of foreclosure from developer Neptune Premier Holdings.
activity showed a decline of 20 percent in November compared with October.
of auction wipes out the value of the junior debt, they'd argued, allowing CW to reap an "unearned windfall" when the property is sold.
Upon acquisition of its portfolios, G8 Capital s approach is to work closely with borrowers to assess their situation and determine the best work-out solutions, which may include a short-sale, obtaining deed-in-lieu
of foreclosure, or restructuring the loan.