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| September 17, 2019

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Foreclosure Archives -

In Beverly Hills, the Mountain’s fate looms as foreclosure auction gets delayed

August 15, 2019 |

A foreclosure auction was delayed at the last minute for the Mountain, a 157-property in Beverly Hills that broke records when it listed for $ 1 billion last year.

L.A. Times – Business


Home Where All That Remains’ Oli Herbert Was Found Dead Headed for Foreclosure

December 27, 2018 |

The house of All That Remains guitarist Oli Herbert — located on the property where he was mysteriously found dead — might be on the foreclosure market soon. As we reported … the body of the heavy metal band’s co-founder was discovered in a pond…

$51M Foreclosure Signals Bad News in Luxury Market

June 27, 2017 |

Billionaire’s Row is having some major first world problems. According to CNBC , the owner of Apartment 79, a full-floor penthouse that spans more than 6,000 square feet and overlooks Central Park, has defaulted on the nearly $ 51 million home. The luxury apartment at One57 tower, located in a part…

Obama’s foreclosure prevention program has helped far fewer homeowners than expected

December 30, 2016 |

When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations. The program, government officials said, would keep up to 4 million borrowers out of foreclosure.

“It will give millions of families resigned to financial ruin a chance to rebuild,”…

L.A. Times – Business

AT&T-Time Warner Deal Will Hinge On Foreclosure Effects

October 25, 2016 |

AT&Ts proposed $ 85 billion merger with Time Warner will face tough antitrust scrutiny.
Forbes Real Time

California Gov. Jerry Brown signs a bill that boosts protection for surviving spouses against foreclosure

September 30, 2016 |

California Gov. Jerry Brown on Thursday signed a bill that’s designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments.

Senate Bill 1150 boosts protections against foreclosure for surviving spouses who own their home but are not on its mortgage…

L.A. Times – Business

Court to Weigh Fate of Vessel Stranded in Foreclosure Off Coast of Georgia

August 14, 2016 |

A hearing in federal court in Georgia on Monday will likely decide the fate of a bulk carrier floating off the Atlantic coast since April when a maritime foreclosure left the vessel and its Filipino crew in a watery limbo. What’s News Asia

New rules aim to protect widowed homeowners from foreclosure

August 6, 2016 |

The Consumer Financial Protection Bureau has issued new rules aimed at protecting widowed homeowners from a red-tape nightmare that has caused them to lose their homes to foreclosure.

The regulations, announced Thursday, generally give surviving spouses who are not on a mortgage note the same protections…

L.A. Times – Business

Trump University seized upon foreclosure crisis

June 22, 2016 |

As millions of people were losing their homes in the depth of the recession, instructors at Trump University were urging students to seek out anxious or desperate sellers to reap a financial windfall, according to recently released documents in the federal class-action lawsuit against presumptive…

L.A. Times – Business

Bill to help widows stave off foreclosure pass state Senate committee

May 4, 2016 |

A bill that would give California widows and widowers greater protections against foreclosure passed a state Senate committee Tuesday.The proposal is geared at giving surviving homeowners who aren’t on the mortgage note a better shot at obtaining a loan modification after their spouse dies.The…

L.A. Times – Business