How to survive when sellers file for bankruptcy in 2021

Inman

Today, real estate agents and brokers have teamed up with BK Global, a company specializing in the sale of bankruptcy properties nationwide. Agent Sponsored bankruptcy BK Global Brad Geisen Chapter 11 bankruptcy How to survive when sellers file for bankruptcy in 2021

Construction startup Katerra files for bankruptcy

Inman

Banking & Lending Industry News Select Venture Capital bankruptcy Chapter 11 construction Katerra real estate silicon valley softbank startup

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How to help homeowners when they file bankruptcy

Inman

For many homeowners, bankruptcy may be a much smarter choice than facing foreclosure. Agent Sponsored bankruptcy BK Global foreclosure How to help homeowners when they file bankruptcy short saleBut they may not have all the information they need to make the right decision.

Home buying with Chapter 13 bankruptcy: What are your options?

The Mortgage Report

You can qualify for a mortgage with a Chapter 13 bankruptcy in your recent past. About Mortgages FICO & Credit Scores Bankruptcy Housing Mark Cappel Mortgage mortgage rates Real EstateYou could even buy a house while in Chapter 13 in some cases. Here's how.

Ask Brian: Should a Homeowner File for Bankruptcy if They Have Equity in their Home?

Realty Biz

I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner? How bankruptcies work out is highly dependent on personal circumstances. I’m assuming that you want to come out of bankruptcy still owning your home.

Can I buy a house 1 year after Chapter 7 bankruptcy?

The Mortgage Report

Buying a house after Chapter 7 bankruptcy is possible, but most buyers have to wait at least 2 years after the bankruptcy is discharged to get a home loan.

Despite Recent Progress, Bankruptcy Threatens Long-Anticipated Nassau Brewery Restoration

Brownstoner

The long-anticipated restoration and adaptation of the historic Nassau Brewery at 945 Bergen Street could be scrapped by a bankruptcy sale just as it inches toward completion.

Mr. Cooper, U.S. Bank and PNC Bank settle DOJ servicing case

Housing Wire

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011.

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Will Bankruptcy Give You A Fresh Start?

I Am 1 Percent

The post Will Bankruptcy Give You A Fresh Start? Do your bills keep piling up and your income just can’t keep up? Do you have a huge debt load that dwarfs your income? Have you gotten laid off and have tons of debt? If you answered yes to any. Read more.

Dumbo Cafe Closes as Brooklyn Roasting Company Files For Bankruptcy

Brownstoner

Brooklyn’s namesake roasting company is another casualty of the coronavirus pandemic after filing for Chapter 11 bankruptcy protection on October 21.

Key Tips to Rally Back from COVID-19 Bankruptcy in 2020

C4D Crew

Previously successful people have had to declare bankruptcy, and gotten bankruptcy loans, recently because of COVID-19. Cheese to name a few have had to invoke bankruptcy protection with bankruptcy loans. . Bankruptcy Code. No Scarlet Letter for Bankruptcy Loans.

Daily Links: Alamo Drafthouse Files for Bankruptcy, Fate of Downtown Brooklyn Theater Unclear

Brownstoner

7 Facts Realtors Need to Know about Divorce, Bankruptcy and Selling or Buying Real Property

Agent Fire

Take a look at 7 facts about divorce and bankruptcy you need to know. 7 Facts Realtors Need to Know about Divorce, Bankruptcy and Selling or Buying Real Property is just one of many great real estate strategies on The Spark

New program to bolster hot listing leads and increase sales in 2021

Inman

Agent Sponsored bankruptcy BK Global Brad Geisen Chapter 11 bankruptcy New program to bolster hot listing leads and increase sales in 2021BK Global just launched a new program giving agents access to over 800,000 homeowners who are hot listing leads.

How can a Past Bankruptcy Affect Your Ability to get Preapproved for a Home Loan?

RIS Media

If you have declared bankruptcy in the past, that can complicate things, but you may still be able to get preapproved. How Can a Bankruptcy Affect Your Credit? The type of bankruptcy filing will determine its effect on your credit.

Dumbo Cafe Closes as Brooklyn Roasting Company Files for Bankruptcy (Updated)

Brownstoner

Brooklyn’s namesake roasting company filed for Chapter 11 bankruptcy on October 21, but its founder said the company is only adjusting its operations and has no plans to go anywhere. “In

Daily Links: Clothing Retailer Century 21 Files for Bankruptcy, Will Close Stores in Brooklyn

Brownstoner

1 in 5 criminally-charged Capitol rioters have faced foreclosure

Inman

Capitol rioters' public records reveal extensive financial hardship, and nearly 20 percent faced bankruptcy or foreclosure prior to the insurrection, according to the Washington Post.

Redfin to acquire RentPath for its apartment listings

Realty Biz

Redfin said it will pay $608 million in cash to acquire RentPath, which filed for bankruptcy in February 2020. RentPath has remained in business while its bankruptcy proceedings are still ongoing, and the company’s owners have been searching far and wide for a solution during this time.

Historic Hearst Estate gets another price cut, now listing for $70M

Inman

A bankruptcy court has been chopping the price of the estate ever since owner Leonard Ross filed for Chapter 11 bankruptcy protection in 2019. Lifestyle Listings Luxury Luxury Lens amalfi estates Anthony Marguleas Gary Gold Hearst Estate Hilton & Hyland john f.

Successful Auctions

BubbleInfo

million for the Hearst estate in Beverly Hills, winning the prized property in a bankruptcy auction that was more competitive than some expected.

Manhattan Crisis: What Does Our Housing Past Tell Us About Our Housing Future?

Miller Samuel

Manhattan New York Times Charts, Maps, Images, Infographics, Video Distressed Housing Historical, Landmark, Milestone Weather & Natural Disasters 9/11 financial crisis Lehman Brothers Bankruptcy NYT Real Estate Michael Kolomatsky

14 years and $148M in price cuts later, the Hearst Estate finally sells

Inman

Once listed for $195 million, the historic property was rescued out of bankruptcy by a holdings company for $47 million. Lifestyle Listings Luxury Luxury Lens amalfi estates Anthony Marguleas Berggruen Holdings Beyonce Jacqueline Kennedy john f.

Toronto and Vancouver Insolvencies Make The Biggest Jump In Years

Better Dwelling

Office of the Superintendent of Bankruptcy Canada (OSB) filings show a huge jump in March. Insolvencies, both bankruptcies, and consumer proposals, hit the highest level since the pandemic. Toronto and Vancouver are both seeing an unusual surge of insolvency filings.

CoStar headed to court following failed acquisition of RentPath

Inman

RentPath petitioned a bankruptcy court in Delaware to expedite payment of a $60M break-up fee. The letter demanded payment within two days from the Dec. 29 filing. Industry News Select Technology Andy Florance costar Dhiren Fonseca Federal Trade Comission ftc rentpath

The title insurance arms race heats up

Housing Wire

The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006.

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Unlicensed mortgage broker defrauded wholesale lenders

Housing Wire

Kaufman, a former lawyer, pleaded guilty to filing false claims in bankruptcy hearings and was disbarred. A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7

Wells Fargo halts proactive COVID-19 forbearance plan following multiple lawsuits

Housing Wire

“The company was unable or unwilling to identify how many total consumers were affected, but did inform the Senators of a small subset, indicating that ‘(a)n internal review showed that at least 904 accounts held by customers in active bankruptcy proceedings were placed into forbearance without an affirmative request,’ and that the bank had received over 1,600 complaints about forbearance practices.”

Adopting Technology to Improve Servicing Profitability During and After the COVID-19 Crisis – Sponsored by Capacity

Housing Wire

Why it’s critical to automate processes associated with forbearance, loss mitigation, default management, and bankruptcy/foreclosure optimization. In this session on servicing technology, you will discover: The benefits of adopting an AI-driven process to streamline and standardize data.

Hockey legend Wayne Gretzky lists California estate for $22.9M

Inman

Gretzky and his wife Janet built the home in 2002, sold it in 2007, then rebought the home several years later after a former owner lost it to bankruptcy. Listings Luxury Luxury Lens Arvin Haddad Edmonton Oilers Lenny Dykstra Major League Baseball National Hockey League Oilers Entertainment Group realtor.com the agency the los angeles times wayne gretzky

Redfin-owned firm RentPath names new CEO

Housing Wire

Redfin then swooped in, agreeing to pay $608 million in cash to acquire the company despite RentPath’s $650 million bankruptcy restructuring. RentPath , a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16.

Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. Glenn Stearns is back, and not just on television.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday.

Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Wells Fargo also paid $13 million to settle a class-action lawsuit that accused the bank of “improperly” modifying the mortgages of borrowers who had declared bankruptcy. Wells Fargo agreed to pay $95.7

The Treasury’s $10B Homeowners Assistance Fund

Housing Wire

But the Treasury discouraged states from imposing additional eligibility criteria for homeowners seeking assistance, such as foreclosure status, credit score, bankruptcy status, the existence of liens on the property, or previous cash-out refinances.