Foreclosure Sale News
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Blackstone Group LP, the world’s biggest manager of alternative assets, has $1.5 billion of capital commitments for its first Asian property fund, targeted at $4 billion, according to a letter sent to investors.
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Wells Fargo & Co., the biggest U.S. home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nation’s large and mid-sized banks.
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Wells Fargo & Co., the largest U.S. home lender and the nation’s most valuable bank, closed at a record high yesterday as strength in the economy and housing markets spurred buyers.
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New York State Senator John Sampson pleaded not guilty to embezzlement charges in the latest corruption case involving state politicians.
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A Massachusetts man who bought property in a faulty foreclosure sale isn’t the true owner and so doesn’t have the right to sue over it, the state’s high court ruled.
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Bank of America Corp. , the largest U.S. mortgage servicer, said it restarted foreclosure sales in most U.S. states after fixing its practices and expects to resume in the remaining states in the current quarter.
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CWCapital Asset Management LLC, which represents senior debt holders of Stuyvesant Town-Peter Cooper Village, may be poised to take the title to Manhattan’s biggest apartment complex at a foreclosure sale next week.
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Pershing Square Capital Management LP and Winthrop Realty Trust’s $45 million investment in Manhattan’s Stuyvesant Town-Peter Cooper Village is in jeopardy after the companies failed to stop a planned foreclosure sale.
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GMAC Mortgage LLC , after defeating a bid by homeowners in Maine who sought a federal court order blocking sales and evictions, can sell foreclosed homes in the state.
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Bank of America Corp., Wells Fargo & Co. and mortgage servicers were sued by a Michigan county official who claimed they failed to pay millions of dollars in transfer taxes on foreclosure sales.
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