foreclosures

foreclosures

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Governor Andrew Cuomo (Credit: Getty Images, iStock, and Pixabay)

Cuomo’s executive order tells banks to give homeowners a break

Gov. Andrew Cuomo issued an executive order Saturday urging banks to postpone mortgage payments for 90 days for homeowners...

Cuomo’s executive order tells banks to give homeowners a break
Caught up in a dozen recent lawsuits, Brooklyn developer Toby Moskovits blames her firm’s debt troubles on “collusion” and a “personal vendetta” (Illustration by The Real Deal; Moskovits by Sasha Maslov)

Creditors are banging on Toby Moskovits’ door

A SoftBank-owned investment firm. A family friend. A national lending platform. And the former Bank of Internet. It seems...

Creditors are banging on Toby Moskovits’ door
NYC saw a dip in home foreclosures last year (Credit: iStock)

Home foreclosures dip in NYC for 2nd straight year

Home foreclosures throughout New York City declined for the second year in a row in 2019, but overall were...

Home foreclosures dip in NYC for 2nd straight year
Selina Hotel at 516- 518 West 27th Street and Adam Neumann (Credit: Google Maps, Getty Images)

Lender moves to foreclose on site of NYC hotel linked to Adam Neumann, Mexican magnate

UPDATED, Feb. 7, 2020: East West Bank is moving to foreclose on the loans secured by the Selina Chelsea...

Lender moves to foreclose on site of NYC hotel linked to Adam Neumann, Mexican magnate
Nationwide foreclosures are at a 15-year low (Credit: iStock)

Foreclosures nationwide fell to 15-year low in 2019

Vulture funds and homebuyers seeking distressed properties at bargain-basement prices may have to keep waiting. Last year saw the...

Foreclosures nationwide fell to 15-year low in 2019
494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

A lender looking to foreclose on a Thor Equities retail property says the landlord is to blame for its...

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”
Maefield Development's Mark Siffin and 20 Times Square (Credit: Maefield)

Lender forecloses on Maefield’s billion-dollar Times Square project

The massive LED sign that wraps around Seventh Avenue and West 47th Street — it’s roughly the size of...

Lender forecloses on Maefield’s billion-dollar Times Square project
Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Thor Equities may not get the chance to rock out with Sammy Hagar after all. Joe Sitt’s firm is...

Thor facing foreclosure at Theater District building
Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

UPDATED, 8:36 a.m.: There is growing unease about an impending recession, but at least one economic indicator isn’t pointing...

Home foreclosures dropped nearly 20% in Q3, report shows
Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

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...

Manhattan foreclosures soar 118%, driven by mortgage defaults
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