The tallest building in Brooklyn is facing a public foreclosure auction after its developer defaulted on a mezzanine loan. According to a GlobeSt.com report, the property in question is the 93-story residential Brooklyn Tower, which was completed last year by JDS...
A new data report from ATTOM is highlighting a spike in commercial foreclosures over the last four years, from a low of 141 in May 2020 to the current figure of 635 in January. ATTOM noted May 2020 marked a significant low in commercial foreclosures due to the impacts...
The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM. Nationwide, one in every 4,113 housing units had a foreclosure filing last month. The states with...
Mortgage Rates Reach 7.40%, Highest Since November 2023
