The Watergate Hotel in Washington, part of the complex made famous by the political scandal that brought down President Richard Nixon, sold in a foreclosure auction to mortgage holder PB Capital Corp. New York-based PB Capital paid $25 million for ...

Tagged with: foreclosure PB Capital Corp. Richard Nixon Watergate

A property sold at a foreclosure auction along with hundreds of others formerly owned by developer American Heritage Homes has been declared a public nuisance by the county. The property, at 11 Montesano Court in the Parc at Kimmswick subdivision ...

Tagged with: American Heritage Homes foreclosure

A nonprofit organization can take over a vacant home newly acquired by a bank and then require the bank to pay for the rehabilitation work, the Missouri Court of Appeals Western District affirmed Tuesday. Urban Renewal of K.C., a Missouri ...

Tagged with: abandoned property Bank of New York foreclosure nuisance Platte County Circuit Court taxes Urban Renewal of K.C.

“We certainly never dreamed we would reach this point,” said Joe Crenshaw, president of New Frontier Bank in St. Charles. Crenshaw was talking about his bank’s decision to foreclose on the Chuck-A-Burger restaurant, located at 3150 Elm Pointe Industrial Drive ...

Tagged with: Chuck-A-Burger Economic Development Center foreclosure Greg Prestemon Mark Diliberto New Frontier St. Charles

In another sign of troubled economic times, foreclosure proceedings have begun against a second Jefferson County homebuilder. A sale of 67 lots in Jefferson County owned by the J. Ridge Corp., d/b/a as Ridgway Homes is scheduled for Thursday, April ...

Tagged with: American Heritage Homes economy foreclosure J. Ridge Corp. Ridgway Homes Stinson Morrison Hecker

Advocates for fair housing called on the Missouri General Assembly to pass legislation to give tenants notice of foreclosure proceedings against their landlords. Legislation introduced in the state Senate by Sen. Jolie Justus, D-Kansas City, would require lenders or trustees ...

Tagged with: fair housing foreclosure Jolie Justus Mira Tanna Missouri General Assembly tenants

A creditor is not entitled to have a foreclosure sale set aside after it made a mistake during a foreclosure sale, a Missouri Appeals Court said last week. The Missouri Court of Appeals Western District ruled that Vestin Realty Mortgage ...

Tagged with: creditor foreclosure Foreclosure Sale foreclosures Missouri Court of Appeals Western District Monterrey Apartments Oklahoma Vestin Realty Mortgage

As part of his plan aimed at preventing home foreclosures, President Barack Obama last week announced his support for legislation that would allow for bankruptcy judges to modify home mortgages, hopefully allowing Americans to stay in their homes. But the ...

Tagged with: Bankruptcy Barack Obama Danna McKitrick Dennis Dow foreclosure Gateway Legal Services mortgage modification T.J. Mullin Thomas DeWoskin Tracey Robinson

It has taken Susan Erb just three years to see the value of her Merced, Calif., home plunge by more than half to $350,000. Next month, her mortgage payment jumps 20 percent to $3,321, and she knows she can’t afford ...

Tagged with: Barack Obama foreclosure real estate RealtyTrac Susan Erb

U.S. President Barack Obama pledged $275 billion to a program that includes cutting mortgage payments for as many as 9 million struggling homeowners and expanding the role of Fannie Mae and Freddie Mac in curbing foreclosures. The plan will help ...

Tagged with: Barack Obama Fannie Mae foreclosure Freddie Mac mortgage

President Barack Obama signed into law one of the biggest economic rescue efforts in U.S. history, a $787 billion stimulus bill that he says will restore some of the jobs lost in the recession and secure future U.S. growth. “I ...

Tagged with: Barack Obama economy foreclosure recession stimulus