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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
A power of sale foreclosure is considered a non-judicial foreclosure because no legal action is taken. Strict foreclosure: Strict foreclosures are less common because only a few states allow them ...
Catfish Town was put up for sale in April 1992 by NAB Asset Corp., which had come to own the property through a series of bank reorganizations. [14] [16] The RTC had given notice that it would vacate its offices in January 1993, but NAB hoped that the soon-to-be nearly vacant complex would be attractive to an owner-occupant. [14]
A foreclosure auction was scheduled for March 14, 2012, as requested by Corus Construction Venture, which was owed $165.6 million from SB Hotel Associates. [25] Corus Construction Venture purchased the project in the foreclosure auction, after no other bidders attempted a purchase due to the high $165.6 starting price, as well as the number of ...
In 2012, it sold at foreclosure for $235 million Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta , Charlotte , Austin , Phoenix , Tampa , and Chapel Hill, North Carolina . [ 1 ]
Louisiana entrance sign off Interstate 20 in Madison Parish east of Tallulah. Louisiana [pronunciation 1] (French: Louisiane ⓘ; Spanish: Luisiana; Louisiana Creole: Lwizyàn) [b] is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east.
On May 11, 2010, JPMorgan Chase claimed in a foreclosure suit that LUK-MB1 LLC owed $105 million and was no longer making payments on the construction loan for The Market Common. Jones Lang LaSalle, as receiver , managed the complex. 37 of 55 businesses were on a "watch list", meaning they had asked for or could get reductions in rent, or that ...
South Louisiana oil spill stretches three miles, officials say "secured." Gannett. Colin Campo, Houma Courier-Thibodaux Daily Comet. July 27, 2024 at 5:31 PM. Update, 4:29 p.m.
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