#foreclosure

#foreclosure

Hitting a rough patch financially can happen to anyone.And sometimes that might mean you can no longer pay your mortgage and you default on your loan.If that happens, you will likely face foreclosure.As your home is used for collateral on the loan, the bank will repossess your house and sell it to make up the balance of the mortgage.

Getty Images "Real Housewives of Atlanta" alum Kim Zolciak-Biermann and husband Kroy Biermann's Alpharetta, GA, home is heading to auction.Although the couple denied reports they were in financial trouble, the property is said to be in foreclosure and up for public auction.According to a notice by Fulton County's Truist Bank, the mansion will be auctioned off on March 7 at the county courthouse after the couple reportedly defaulted on the $1,650,000 loan they took out for the property.

Kirby Hamilton/iStock Consider a loan modification a lifeline for homeowners in trouble.If you've been hit with financial hardships that hamper your ability to pay the mortgage, there are options other than foreclosure or selling your home.One is to get a loan modification, which is basically an agreement with your lender to change the terms of your loan.

Reality-TV star Kim Zolciak-Biermann's alleged foreclosure is no more, despite a public notice going up last week indicating the Alpharetta, Ga., home she shares with hubby Kroy Biermann would be auctioned off March 7.
"The couple has taken the action to clear this up," a source close to Zolciak-Biermann told People.

Brookfield's Brian Kingston and 777 South Figueroa Street (left) and 555 West 5th Street (right) and in Downtown Los Angeles (Getty, Brookfield, LoopNet, Carol M. Highsmith, Public domain via Wikimedia Commons) Brookfield has defaulted on $784 million worth of loans connected to two of its trophy office towers in Downtown L.A. The firm defaulted on a $465 million loan package connected to the Gas Company Tower at 555 West 5th Street and $319 million in loans connected to 777 South Figueroa Street, according to an SEC filing on Friday.

Artist Guild Hotels' Daniel Hyde and 34862 Pacific Coast Highway, Dana Point (Google Maps, LinkedIn) A bedraggled World War II-era motel overlooking Doheny State Beach in Dana Point is getting an end-to-end makeover.The 30-room Capistrano Seaside Inn, once listed among the nation's 10 worst motels on Yelp, is being restored after new owners bought the property at 34862 Pacific Coast Highway, the Orange County Register reported.

The U.S. Department of Housing and Urban Development (HUD)'s Office of the Inspector General (OIG) published on Thursday two reports broadly alleging that mortgage servicers and Mr. Cooper in particular did not meet HUD requirements for providing loss mitigation options to borrowers with delinquent loans insured by the Federal Housing Administration (FHA).

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra.

The Minnesota State House of Representatives and Senate approved sweeping new housing legislation this week totaling $1 billion, which is designed to address affordable housing access and down payment issues for first-time home buyers.Housing advocates estimate that roughly 5,000 households will qualify for the bill's rent assistance program in the form of rent vouchers, and the state is expected to spend $46 million for statewide rent assistance beyond the two-year budget cycle.

The Consumer Financial Protection Bureau (CFPB) issued guidance this week for debt collectors seeking to foreclose on homes with mortgages past the statute of limitations, also known as "zombie mortgages."The guidance comes in the form of an advisory opinion pertaining to the Fair Debt Collection Practices Act (FDCPA) and implementation of Regulation F. The guidance notes that a covered debt collector "who brings or threatens to bring a state court foreclosure action to collect a time-barred mortgage debt may violate the [FDCPA] and its implementing regulation."

A federal judge in Georgia has given the green light for an amended "predatory lending" lawsuit to proceed against Wells Fargo.The lawsuit was filed under the Fair Housing Act by three counties in Georgia.The counties initially filed the lawsuit in April 2021, claiming that Wells Fargo and some of its related entities engaged in a broad predatory lending scheme that targeted minority residents in Cobb, DeKalb and Fulton counties.

SAN JOSE A San Jose site where a 132-room hotel was proposed has tumbled into a loan default and faces foreclosure, a fresh indicator of post-coronavirus economic maladies for the Bay Area lodging sector.The hotel was proposed at 1510 South De Anza Blvd. in west San Jose, very close to the Cupertino city line, according to San Jose planning documents.

SAN JOSE A foreclosure auction has cleared the way for a South Korea-based group to take ownership of a San Jose site where a hotel with hundreds of rooms has been approved yet never built.The hotel development property was bought for $27.6 million by the owner of the foreclosed loan, a group operating out of South Korea, after a brief public auction that was held in downtown San Jose on April 26.

SAN JOSE A San Jose office property that has staggered in and out of foreclosure proceedings, as well as deteriorated into an eyesore, could be bulldozed and replaced with more than 100 apartments.The building is at a choice site at 826 North Winchester Boulevard near Westfield Valley Fair and Santana Row.

Michael Rosenfeld, Doug Frye, Glorya Kaufman, Harvey Bookstein and 2050 Avenue of the Stars (Getty, Linkedin, Google Maps, USC Glorya Kaufman School of Dance) UPDATED Jan. 13, 2023, 3:31 p.m. Doug Frye, former CEO of Colliers.Harvey Bookstein, a former partner at Armanino, the auditor behind collapsed cryptocurrency firm FTX.

SAN JOSE A San Jose office building that had been seized through a foreclosure in recent years has managed for the moment to avoid a second auction and foreclosure after landing some financing.The building, located at 826 North Winchester Boulevard in San Jose, had been scheduled to be auctioned off on Jan. 6, but the sale was canceled on Dec. 29, soon after it landed two new loans.

SAN JOSE  A property where a boutique hotel was planned on a prime San Jose site near the area's mega malls has flopped into loan delinquency and faces foreclosure  for the second time in slightly over a year.Adeel Mahmood, a business executive, heads up an affiliate that owns the property at 2850 Stevens Creek Boulevard that now faces foreclosure of the delinquent loan and auction at a public sale, Santa Clara County records show.

Realtor.com Churches converted into houses are often a decorator's dream.But the work can be daunting.The seller of this sacred space in Savannah, GA, already started transforming it from a 1970s church into a contemporary home.The midrenovation structure is on the market for $695,000 and could be ideal for someone motivated to finish the job.

OAKLAND Holy Names University, a private Catholic college in Oakland, has defaulted on the loan for its property, a fresh financial jolt for the 154-year-old school as it faces a shutdown this year.The school, nestled in the East Bay hills, is in default on a loan from lender Preston Hollow Community Capital, according to documents filed on Feb. 23 with the Alameda County Recorder's Office.

SAN JOSE A San Jose site where a housing development of more than 100 apartments might sprout has tumbled into default on its real estate loan, raising questions about the project's future.The development site is located at 826 North Winchester Boulevard, a short distance from two of San Jose's big malls, Westfield Valley Fair and Santana Row.

Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight's month-end mortgage performance statistics.National delinquency in January declined 15.1% compared to the same period last year.

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures.The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).

Black Knight recently added the Collections solutions to its suite of solutions as a way for servicers to keep customers in their homes during periods of financial hardship.The Collections solutions are geared toward helping to prevent foreclosure and late-stage default by making qualified assistance options timelier and more accessible to both homeowners and servicers, Black Knight said on Thursday.

Simon and David Reuben, DigitalBridge's Marc Ganzi and Century Plaza in Century City (Getty, Ganzi by Sonya Revell, Minnaert, CC BY-SA 3.0, via Wikimedia Commons) The Reuben brothers  the billionaires fighting for control of Michael Rosenfeld's $2.5 billion project in Century City  have pushed back a scheduled foreclosure on the property.

(Getty) The L.A. office market did not kick off 2023 with a bang, but with a slow fizzle.About 2.9 million square feet of office space was leased in the fourth quarter of 2022, dropping 19 percent from 3.6 million square feet during the same period in 2021, as remote work continues to pummel demand, according to a report from Savills.

The five people found dead in Buffalo Grove Wednesday were likely killed in a murder-suicide carried out by Andrei Kisliak, officials said Monday.The preliminary investigation indicates Andrei Kisliak, 39, murdered his two daughters, 6-year-old Vivian Kisliak and 4-year-old Amilia Kisliak; his wife, Vera Kisliak, 36; and Lilia Kisliak, 67, Buffalo Grove Police Chief Brian Budds said in a Monday news release.

A GoFundMe fundraiser has raised more than its $50,000 goal in less than 24 hours to cover funeral, transportation and burial costs for the woman and two children who were found dead in their Buffalo Grove home Wednesday.Vera Kisliak, 36, Vivian Kisliak, 6, and Amilia Kisliak, 4, were among the five people found dead from "sharp-force injuries" in what officials are investigating as a "domestic-related incident."

Lake County Coroner Jennifer Banek on Friday said an autopsy on a fifth person found dead in a Buffalo Grove home on this week was also a result of sharp-force injuries following a "domestic-related incident."Four others found in the house were classified as similar deaths, authorities announced Thursday.

In this undated photo provided by RETO Media is the house featured in the Steven Spielberg film The Goonies in Astoria, Ore.AP ASTORIA, Ore.The listing agent for the Victorian home featured in the The Goonies film in Astoria, Oregon, said this week the likely new owner is a fan of the classic coming-of-age movie about friendships and treasure hunting, and he promises to preserve and protect the landmark.

People want to keep their business open.But sometimes, the time comes when it's better to shut things down than see them slowly dwindle.Worse yet, you may not have any choice: You can't avoid foreclosure if you don't have a mortgage and an investor who doesn't want his project to fail.Closing your company is a complex process, but there are ways around it that will make things easier for your employees, too.

It's been a couple of years since holiday shows abounded at theaters around the Bay Area, for obvious reasons.But it's beginning to look a lot like Christmas shows and other seasonal favorites are back from their long COVID hibernation.While many theaters offer crowd-pleasing spectacles that are as perfect for the season as they are for any other time of year, here's a sampling of shows with a particular holiday hook.

Q: We are homebuyers who lost out to cash-paying investors.The winning buyers turned the houses into rentals.It's beyond frustrating.We have relatives who had bought foreclosures.You have written that after the 2007-2008 housing meltdown, investors scooped up hundreds of thousands of California foreclosures.

Mosaic Real Estate Investors' Ethan Penner, Rising Realty's Christopher Rising and KW Commercial's Tony Wood; Park DTLA at 261 South Figueroa Street (Linkedin, Rising Realty, Park DTLA, Getty) In a desperate attempt to tidy its books, Calabasas-based lender Mosaic Real Estate Investors has listed a Downtown L.A. office complex for less than 10 percent of its last appraised value.

Quintin Primo, Joel Schreiber and Broadway Trade Center (Linkedin, Getty, OMGIVING) Joel Schreiber's plan to sell the Broadway Trade Center in Downtown L.A. to a group led by Capri Investment Group's Quintin Primo is off, according to the building's lender, Starwood Capital.There is no viable sale with respect to this specific purchaser, Starwood's attorney said in a court filing.

If only every historic house came with an unusual feature of this Westchester County Greek Revival: a handy carving documenting the year it was built, the original owner and the team of craftsmen involved.Dating to 1849, the house has an impressive stone exterior and a wealth of ornamental plasterwork on the interior.