Manhattan foreclosures soar 118%, driven by mortgage defaults
Residential foreclosures in Manhattan and Staten Island are skyrocketing — but the other boroughs are having better luck. Foreclosures...
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Oleg Cassini’s former UES headquarters faces foreclosure
UPDATED, June 21, 12:30 p.m.: An Upper East Side townhouse that was once house the headquarters of the late...
City tapped De Blasio donor to take over foreclosed properties
Frank Carone’s RiseBoro Community Partnership and Nancy Lepre’s Avante Contracting were among groups that gave at least $100,000 to...
Lenders in glass houses? Judge rules Maverick can’t foreclose on Chelsea property because it violated loan agreement
In a somewhat ironic ruling, a New York state Supreme Court judge ruled that Maverick Real Estate Partners can’t foreclose on a Chelsea apartment...
Nationwide foreclosure rates continue to drop, but problem areas remain
Nationwide foreclosure numbers continue to trend downward, though Miami and Orlando are among the notable cities where warning signs...
Bluestone buys Queens building for $85M at foreclosure auction
Bluestone Group spent $85 million to take back a Queens property at a foreclosure auction on Friday morning, according...
Queens property purchased for $125M by Chinese firm headed to foreclosure
An Elmhurst building that was formerly part of St. John’s hospital is now in foreclosure and will be auctioned...
NoMad Hotel to hit the auction block
New owners may soon be checking into the NoMad Hotel. The hotel’s mezzanine lender, Colony Capital, initiated a UCC foreclosure auction on the 168-key luxury hotel, Commercial Observer reported. The hotel — owned by...
More Americans are paying mortgages
on time
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans...
Is New York City headed for another foreclosure crisis?
When Canadian fashion mogul Maurice Benisti’s company lent nearly $19 million to a buyer of a new apartment at...
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