9-504 -- This section of the law is the more common method for foreclosing
upon a co-op, Under this section, the lender may dispose of the collateral at a public or private sate, as long as it does so in a commercially reasonable manner.
The new laws aim to crack down on loan modification scams, extend the number of days banks are required to give notice before foreclosing
on a home and demand that banks provide upkeep on foreclosed homes to avoid degradation of property values.
She stated that a foreclosing
party must join all parties with subordinate interests as "necessary parties" to the foreclosure action, including every party having an estate or interest in the property as a tenant.
LFSI), a national provider of proactive default and foreclosure services, is forming an industry committee to rally for change of the Fair Debt Collection Practices Act as it pertains to the collection of defaulted and foreclosing
Parallel to our filing, HUD was in the process of foreclosing
on the property and scheduling an auction for its sale as a rental property.
The City and District sought to collect special taxes due as a result of the delinquency of the Oxnard Town Center by foreclosing
on the delinquent property.
None of the parties involved in foreclosure proceedings - the property owner, the foreclosing
bank, nor the court-appointed receiver - made the property secure so as to avoid vandalism.
Investors have already purchased the note on one Queens property with an eye on foreclosing
, said the board's attorney Abbey Goldstein, partner in Goldstein & Greenlaw.
Although not talking about mortgage foreclosure sales, his words carry a message both for foreclosing
lenders and purchaser at foreclosure sales.