A home in New York’s Hamptons on Further Lane, where comedian Jerry Seinfeld and hedge-fund manager Steven A. Cohen own estates, is up for auction in what will be one of the area’s biggest foreclosure sales.
Deutsche Bank AG may learn today whether it will get a chance to overturn a California court ruling that exposes it to wrongful-eviction claims the bank says will depress prices in foreclosure sales and spur lawsuits against innocent homebuyers.
Deutsche Bank AG said it and other lenders and trustees who acquire residential properties through foreclosure sales may face a barrage of lawsuits by evicted tenants because of a California court ruling.
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.
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.
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.