Foreclosures and Home Improvement

Zombie Mortgages and Foreclosure Listings with Cities: A Hidden Risk for Homeowners in Santa Maria and Inglewood CA

California

By Elias DaSilva | September 6, 2024. Beware of zombie mortgages: these unexpected, old debts that seem settled but suddenly resurface can lead to unwanted foreclosure listings with cities like Santa Maria. Homeowners like Jose Arzate in Santa Maria, CA, and Laverne Simmons in Inglewood, CA, faced substantial financial distress when second mortgages thought to […]

Office Building in Chicago Returned to Lender

Chicago - IL

By Elias DaSilva | September 11, 2024. Due to the changes currently occurring in the national office market, the owners of a 26-story building in Chicago’s Loop have been forced to return the property to their lender. The decision made by the investment group Hearn and Fortress comes after the expiration of the $138 million […]

California, the Most Vulnerable Housing Markets

Foreclosure Market

By Elias DaSilva | September 6, 2024. According to recent studies of the U.S. real estate market, California dominates the list of markets at the highest risk of price declines, with six of its top ten counties leading the list. These findings are based on an analysis by Attom’s of the first quarter economic indicators, […]

Occupants report being intimidated by the new owners.

Foreclosure Market

By Elias DaSilva | September 10, 2024. Barry and Barbara Pollack, both 72, lost their home in an auction as a result of a foreclosure process after years of failing to pay their mortgage. They have refused to vacate the property, alleging that the new owners, the Chawla family, have intimidated them by camping in […]