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In the United States, the Trustee Sale Guarantee (TSG) is the title guarantee that is issued at the beginning of a foreclosure.TSG helps the foreclosing trustee and beneficiary through the delivery of the information required in ensuring compliance with the statutes of foreclosure stipulated by the state.
The company's lender filed foreclosure action in 2009 and no other buildings were constructed. The project went into bankruptcy. [1] That same year, iStar Residential, a division of iStar Financial, purchased 160 of the unsold residences and leased a majority of them while the South Florida real estate market was in recovery.
“Foreclosure floodwaters receded somewhat in 2010 in the nation’s hardest-hit housing markets. Even so, foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep fault-lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.” [30]
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James Odell Barnes Jr. (aka Odell Barnes) has earned the nickname "Foreclosure King." His firm, Odell Barnes REO , is a bulk-buyer of foreclosed homes in the United States. [ 1 ] For decades, Barnes has been buying foreclosed homes in bulk from banks and other mortgage -lenders and selling them to a network of private investors and directly to ...
New South Ventures Mutual Tower is a 252k-square foot, 14-story skyscraper located in Durham , North Carolina . Built in 1968, the building was previously called the North Carolina Mutual Life Insurance Company Building, Legacy Tower and The Tower at Mutual Plaza.
Additionally, several vertical columns on the north and south facades were removed, giving the building a smoother more modern appearance. The skylift elevator is no longer functional. In June 2013, the property was scheduled for foreclosure. The mortgage secured by the property was purchased by Colony Capital in 2013. The building was in ...
By December 2009, the developers, Jeff Laux and Gary Benson, still owed $56 million on $69 million in loans and almost $9 million in mechanic's liens as one of its lenders sought foreclosure on the property. [3] [4] [5] In April 2013, a deal to sell the hotel to Ameriprise Financial fell through. [6]
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