Tag

Foreclosure

All articles tagged with #foreclosure

Thiel Acquires Bel-Air’s Casa Encantada in $130M Foreclosure Deal

Peter Thiel has been identified as the secret buyer of the historic Bel-Air estate Casa Encantada, which sold for $130 million in a July foreclosure auction. The 1938 mansion, previously owned by telecom mogul Gary Winnick, is the most expensive home sale in Los Angeles this year. Thiel, who does not plan to reside there, views the property as an investment to be upgraded, adding it to a global real estate portfolio that includes homes in Miami, Washington DC, and Buenos Aires.

via The Guardian|

#bel-air #casa-encantada #foreclosure

real-estate21 days ago•5 min saved

Libbie Mugrabi defies eviction after $25M Hamptons mansion auction

Libbie Mugrabi refuses to vacate the $25M Bridgehampton mansion after a court-ordered foreclosure auction, with her attorney filing to invalidate the sale; Mugrabi says a lender is ready to back a loan to keep the home, using a Basquiat painting as collateral, while Henry Ikezi won the auction for $5.86 million, though the outcome may still be challenged in court.

via New York Post|

#auctions #foreclosure #luxury-real-estate

real-estate24 days ago•6 min saved

Mesa homeowner loses $475K house over a $977 HOA bill

Toby Newton, 53, of Mesa, Arizona, says his four-bedroom home valued at about $475,000 was foreclosed by his HOA after he fell roughly $977 behind on quarterly dues amid job loss and health issues; legal fees ballooned the debt to nearly $10,000, and the home was sold at a 2025 auction for about $8,172, with Newton reportedly still in the house as he seeks to reclaim it. He says the HOA refused to discuss a payment plan, a point raised in broader concerns that rising costs are driving tougher HOA collections and foreclosures nationwide.

via foxnews.com|

#arizona #dues #foreclosure

business25 days ago•2 min saved

Lender Seeks Receiver as Summit Brewing Faces Foreclosure in St. Paul

A lender has filed a foreclosure lawsuit against Summit Brewing Company for more than $8 million in unpaid debt, seeking a court-appointed receiver after Summit allegedly missed a loan payment and signaled deteriorating liquidity despite a forbearance through July. Summit says it will continue daily operations while pursuing alternative paths with outside advisors, and no court date has yet been scheduled.

via MPR News|

#bmo-bank #business #forbearance

business25 days ago•2 min saved

St. Paul’s Summit Brewing Faces Foreclosure Over $8.2M Debt

Summit Brewing Co. of St. Paul faces foreclosure after defaulting on more than $8.2 million in debt to Chicago-based BMO Bank. The lender has filed a lawsuit seeking to foreclose and appoint a receiver, with a mortgage on Summit’s property and pledges on equipment and intellectual property driving the collateral. Summit entered a forbearance that allowed a July payoff deadline but could not meet it, and BMO ended the forbearance and demanded full repayment; Summit says it remains operating while the case proceeds as leadership weighs options in a challenging craft-beer market.

via 5 EYEWITNESS NEWS|

#bmo-bank #business #craft-beer

real-estate2 months ago•5 min saved

HOA Cash Crunch Triggers More Foreclosures Across Neighborhoods

Rising insurance costs, depleted reserve funds, and tougher safety mandates are pushing HOAs to pursue delinquent owners more aggressively, with foreclosure filings up nearly 40% to 6,376 in the first quarter; homeowners face auctions and varying redemption rights by state, while outsized collection fees and aggressive tactics threaten property values as HOA finances are strained by higher dues and assessments.

via New York Post|

#delinquencies #foreclosure #hoa

law3 months ago•4 min saved

Supreme Court Keeps Michigan Foreclosure Challenge Alive

The Supreme Court sent Michigan's Pung family’s foreclosure case back to lower courts to challenge the sale's fairness and preserve arguments that compensation should reflect the property's fair market value, all without establishing a broad new rule on damages.

via USA Today|

#foreclosure #homeowners #law

celebrity5 months ago•33 min saved

Dorit Kemsley Faces Foreclosure Fight as Texts With Ex PK Surface

TMZ reports that Real Housewives of Beverly Hills star Dorit Kemsley exchanged alarming texts with her ex-husband PK Kemsley after a foreclosure letter suggested their Los Angeles home could be sold. PK denies knowledge of an auction and advocates paying arrears or following a negotiated agreement, while Dorit pushes for resolution and questions delays as the couple’s divorce unfolds; the couple reportedly owe about $6 million on the mortgage and PK is seeking a court-ordered sale of the martial home.

via Yahoo|

#celebrity #divorce #dorit-kemsley

entertainment5 months ago•37 min saved

PK Alleges Dorit Kemsley Pressed for $100K Vacation, Threatened to Ruin Him

PK Kemsley claims Dorit Kemsley pressured him to send $100,000 for their children’s Spring Break trip and threatened to ruin his reputation and his relationship with his girlfriend, as he seeks an immediate sale of their Encino mansion amid foreclosure; he also alleges Dorit spent about $1 million on luxury items while mortgage payments went unpaid and refused to negotiate about moving the kids into his home.

via Yahoo|

#divorce #dorit-kemsley #entertainment

business6 months ago•6 min saved

Kanye West's Malibu Ando House: From Reimagining to Foreclosure Battle

ELLE Decor traces the Sachs House saga—a Tadao Ando–designed Malibu villa completed in 2013—bought by Kanye West in 2021 who gutted it and mapped reimaginings that never materialized, leading to a sale to Belwood Investments for $21M; renovations stalled due to non-payment, lawsuits ensued, and the property now faces foreclosure as a 2026 trial unfolds.

via ELLE Decor|

#business #foreclosure #kanye-west

local-government-and-development9 months ago•19 min saved

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

A $112 million redevelopment project in Marion, Illinois, aimed at revitalizing a dying mall and boosting the local economy, faces challenges due to the financial troubles and foreclosure of one of the key developers, Jerry Barrass, which could impact the project's future plans. Despite these issues, local officials and remaining partners continue to push forward with the project, which includes entertainment venues, hotels, and attractions designed to attract tourists and create jobs.

via Capitol News Illinois|

#economic-development #foreclosure #local-government-and-development

politics11 months ago•6 min saved

Zohran Mamdani's Campaign Sparks Debate in NYC Politics

Zohran Mamdani's experience working at the Chhaya Community Development Corporation, where he helped struggling homeowners and learned about housing issues, shaped his empathetic political message and approach, which has been central to his mayoral campaign focused on rent freezes and housing stability.

via The New York Times|

#foreclosure #housing #new-york-city

crime1 year ago•4 min saved

San Francisco Family Dies in Apparent Murder-Suicide Amid Financial Struggles

A tragic murder-suicide occurred in San Francisco's Westwood Park, where a mother, Paula Truong, allegedly killed her husband and daughters after facing financial hardships, including failed businesses and foreclosure, before taking her own life.

via SFist|

#crime #debt #family-tragedy

real-estate1 year ago•1 min saved

Rising Number of Homeowners Underwater on Mortgages Amid Market Fluctuations

More US homeowners are underwater on their mortgages, with over 500,000 affected in April, marking the worst April in five years, especially in pandemic boomtowns where home values have declined, leading some to sell at a loss.

via Newser|

#foreclosure #home-prices #homeowners

entertainment1 year ago•3 min saved

Kim Zolciak and Kroy Biermann Evicted from Atlanta Mansion by U.S. Marshals

Kim Zolciak and Kroy Biermann were forcibly removed from their foreclosed Georgia mansion by US Marshals after the new owners initiated eviction proceedings, following their financial struggles and sale of the property for $2.75 million.

via Page Six|

#entertainment #foreclosure #georgia-mansion