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Two auctions were scheduled for foreclosed Entertainment District properties. The first auction, held on September 19, 2011, is for properties securing a $97.5 million loan from iStar Financial. The auction failed to sell at a reserve price of $40 million, and the 33 acres (13 ha) property has become the property of iStar Financial. [9]
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
Displaced Los Angeles-area residents face spiking rents as authorities warn of price gouging. The Los Angeles wildfires have set off a stampede to find housing, leading some property owners and ...
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
This is a directory of properties and districts listed on the National Register of Historic Places in Arizona. There are 1,491 listed sites in the state, and each of its fifteen counties has at least ten listings on the National Register. Forty-seven of the state's sites are further designated as National Historic Landmarks.
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