By Elias DaSilva | September 12, 2024. A representative of the New Mexico Mortgage Finance Authority fears that the number of mortgage loans ending in foreclosure could double by 2024. Last year, he argues, out of 13,000 properties managed, 36 families experienced foreclosure, and their homes were subsequently sold to new buyers. He attributes this […]
By Elias DaSilva | September 12, 2024. Because the owners of an office building in downtown Washington D.C. have been unable to pay their mortgage, the property is scheduled for a foreclosure auction next month. It is a 123,000-square-foot, 10-story office located at 1750 H St. NW, just two blocks from the Farragut West metro […]
By Elias DaSilva | September 12, 2024. Manchester Financial Group Signs a New Financing Agreement for the Fifth Tallest Building in the City A California-based company has successfully refinanced one of the largest hotels in downtown Texas with a $430 million deal. Manchester Financial Group, in collaboration with Goldman Sachs and JLL Capital Markets, has […]
By Elias DaSilva | September 12, 2024. A new proposal, approved by the state House of Representatives on Wednesday, seeks to strip cities and towns of the authority to resolve tax debts by selling the home of a delinquent taxpayer and retaining the excess equity for themselves or their agents. Critics have labeled this practice […]
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