Bank repossessions of U.S. homes more than doubled in May, while foreclosure filings rose 48 percent from a year earlier, according to RealtyTrac data. New Jersey entered the Top 10 for foreclosure rates. In this month’s issue, The Real Deal looks at the growing numbers of REO properties, Real Estate Owned by investors and banks.
|Zillow sues Compass for poaching tech talent, allegedly stealing trade secrets|
|Queens property purchased for $125M by Chinese firm headed to foreclosure|
|JLL I-sales broker out amid merger with HFF|
|This 19th century UES townhouse just traded hands for a loss|
|Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.|
|Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B|
|Marriott to build the tallest modular hotel in the world in NoMad|