Bill Cosby’s townhouse in New York, facing foreclosure, sells quickly within a month.
Bill Cosby’s long-time townhouse on the Upper East Side has found a buyer less than a month after being listed, according to reports. The property, located at 18 East 71st Street, was put on the market by Corcoran Co. for $29 million, and the sale agreement was finalized on Thursday, October 16, as per StreetEasy […]
Haunted house from ‘Conjuring’ goes up for auction after foreclosure, and the eerie details are ideal
Haunted Rhode Island House Heads to Auction on Halloween A house known for its ghostly reputation is set to go on auction this Halloween. This is the same property in Rhode Island that inspired the hit movie “The Conjuring.” The mortgage foreclosure auction is scheduled for October 31st, as reported by auctioneer JJ Manning. Described […]
Many rent-stabilized apartments in NYC are at risk of foreclosure.
In New York, a significant number of rent-stabilized apartments are facing foreclosure as landlords increasingly default on their mortgages. A building with a total of 176 rent-stabilized units has been in receivership since 2022. This situation is not unique, with banks reporting an additional 2,093 units in April alone. According to PropertyShark, mortgage defaults are […]
HUD Extends Foreclosure Moratorium for L.A. Fire Victims
The Housing and Urban Development Agency (HUD) has announced an extension of the Federal Housing Administration (FHA) single-family home seizure moratorium in areas affected by the devastating Los Angeles County wildfires. Created by HUD Secretary Scott Turner announcement Moratorium will be extended until 90 days While patrolling the disaster zone on Thursday. “It is heartbreaking […]
HUD Secretary Scott Turner Extends Fire Victims’ Foreclosure Moratorium for 90 Days
ALTADENA, Calif. — U.S. Housing and Urban Development Secretary Scott Turner announced Thursday that the Trump administration has extended a moratorium on foreclosures on Los Angeles fire victims for another 90 days. Turner appeared with director Kathryn Burger from Los Angeles County District 5 at an event outside of Altadena's popular Fairrokesburger, in the heart […]
Bill Cosby facing second NYC foreclosure on $17.5 million loan
Disgraced TV star Bill Cosby and his wife Camille owe a whopping $17.5 million on an Upper East Side townhouse he bought as a surprise gift for his girlfriend, according to court records and reports. That's what it means. This is the second Manhattan foreclosure in less than a month for the disgraced “America's Dad,” […]
West Virginia Gov. Jim Justice’s Greenbrier hotel avoids foreclosure
The family of West Virginia Governor Jim Justice has reached a settlement with a debt collection agency. Avoiding foreclosure on historic hotels The resort announced Thursday that he will run for U.S. Senate. The Republican governor’s family was scheduled to appear in court Friday to ask a judge to halt the Greenbrier auction, which had […]
These states have the highest foreclosure rates in the US
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. New data shows that the number of home foreclosures in the U.S. was lower in the first half of 2024 than the same period in 2023, but some states are still seeing […]
Consumer watchdog unveils foreclosure protections proposal
The Consumer Financial Protection Bureau (CFPB) proposed new rules on Wednesday aimed at helping homeowners facing foreclosure. The proposed rules would require mortgage servicers to exhaust all options to help homeowners before foreclosing and would limit the fees they can charge while they explore options, such as a temporary payment halt or extending the loan […]
Zombie mortgages haunting homeowners now facing foreclosure
A shocking report claims thousands of homeowners are at risk of losing their homes to “zombie mortgages” purchased by companies, some of which are forcing them into foreclosure without their knowledge. Many of the shocked homeowners took out second mortgages they thought had been wiped out during the subprime housing bubble of 2004-2008, only to […]