By Elias DaSilva | September 11, 2024. A program aimed at preserving existing affordable housing is under scrutiny before the state has spent any of the nearly $500 million allocated for it. In 2021, California established the Foreclosure Intervention Housing Preservation Program (FIHPP), a $485 million initiative funded through 2027, as the economic fallout from […]
By Elias DaSilva | September 11, 2024. Judges in South Florida are approving “unorthodox foreclosure auction rules” proposed by a lawyer that help ensure that his client will own the property for a fraction of its value, according to an investigation by the Miami Herald. The Hollywood, Florida, lawyer, Brad Ira Schandler, refused to identify […]
By Elias DaSilva | September 11, 2024. Foreclosure listings in cities across five states are rising, signaling a shift in the housing market landscape. In July, about 32,000 homes in the U.S. faced default notices, scheduled auctions, or bank repossessions, showing an 18% increase from June and a slight rise of 0.2% from the previous […]
By Elias DaSilva | September 11, 2024. The 24-story office tower at 600 B Street in downtown San Diego, owned by Rockwood Capital, is heading towards foreclosure as the property has an outstanding debt of over $83 million. This situation reflects a national crisis for downtown office spaces, exacerbated by ongoing closures during the pandemic […]
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