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...China Index Academy, a Shanghai-based consultancy, reported 584,000 foreclosures in China in the first nine months of 2023, up almost a third from a year earlier....
...“[I]f a subsidy benefits one dominant player disproportionately, there is a real risk of dependence on a single supplier, market foreclosure and less resilient supply chains as a consequence,” Caulfield...
...Since 2018, upmarket hotel brand NoMad has added outposts in London, Los Angeles and Las Vegas, but financial troubles due to the pandemic led to the foreclosure of its original New York location in 2021...
...“People are living in a building that’s in foreclosure and they’re still selling it,” one broker marvelled. “Can you believe that?”...
...prices have dropped 33 per cent, and in some areas they’ve slid more than 60 per cent, says GS, citing Real Capital Analytics: For lenders, modifications and extensions are still better alternatives to foreclosures...
...Lender Silverstein Capital Partners initiated foreclosure procedures against Stern’s company, JDS Development Group, for defaulting on a $235mn mezzanine loan. What next for the polarising tower?...
...The building goes to auction on June 10 after its lender, Silverstein Capital Partners, began foreclosure procedures because of a loan default....
...It fell into foreclosure within a decade as many of its tenants went broke....
...“They took a fairly cold-blooded approach when it came to foreclosures,” said Jesse Van Tol, head of the National Community Reinvestment Coalition, which advocates for low and moderate income borrowers....
...national level, they contribute to a debt crisis that is evident not only in China’s imploding property sector and local government finances but in rising credit card arrears and a surging number of property foreclosures...
...That foreclosure would leave the G7 holding a “due from” Russia in the amount of their syndicated loan to Ukraine and a “due to” Russia corresponding to the frozen Russian assets....
...“We used to be known as a second-chance market, where people who had maybe faced a foreclosure somewhere else could come and get decent housing at an affordable price,” Turner said....
...Foreclosures are more likely in the early years of any mortgage when maintaining payments is often a greater struggle....
...Besides direct aid, measures protected borrowers from foreclosures and other defaults. In many instances lenders were barred from reporting late payments to credit bureaus....
.... ~80% of maturing office loans in the CMBS market have failed to fully pay off principal over the past 4 months, though far more of these situations have resulted in modifications rather than foreclosures...
...The task force was formed after years of complaints from critics that regulators had not done enough to hold Wall Street to account for a wave of foreclosures and other economic damage caused by faulty home...
...Cheung Kei’s Canary Wharf fire sale comes to mind following foreclosures of its Hong Kong assets, including its chairman’s homes....
...What could reduce house prices are forced sales, in the event that a weaker labour market pushes up the foreclosure rate....
...That means few homebuyers will find themselves in a situation where they owe more than their house is worth, and either be forced to sell or go into foreclosure....
...The American economy, with a very borrower-friendly bankruptcy code, does well out of a system which closes down companies quickly, but that doesn’t necessarily mean that copying US foreclosure practices...
...The results are evident in mounting strain around the country — from New York developers handing back obsolete office buildings to lenders, to foreclosures on heavily indebted apartment complexes in Houston...
...Icahn Enterprises has warned that “a prolonged decline” in its stock price “could increase the likelihood of a foreclosure or forced sale” of Icahn’s stake if he was “subject to a ‘margin call’”....
...This sounds pretty bad, though it might well lead to more renegotiations with lenders than outright foreclosures. The point is that we have not seen the full impact of higher rates yet; not nearly....
...“If you have maturing debt, you can’t carry the existing debt load and you’re not willing to put more money in, then it’s foreclosure,” said Tony Natsis, head of the real estate group at law firm Allen Matkins...
...The Huntington Hotel, a historic luxury hotel in Nob Hill, defaulted on a $56mn loan originated by Deutsche Bank last year and was then later sold at a foreclosure auction for about half the size of the...
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