FIGHTING TO KEEP THEIR HOMES Workers at the Shore who once had loans that were considered safe are struggling to prevent foreclosure. Kathy Schwed spends her days teaching special education. She spends her nights caring for her 11-year-old triplets, two of whom have autism. There isn’t much free time in between. What time she has, [...]
Can home market bounce back without more help? USA TODAY-Colleen Wells heard the housing market was supposed to be picking up, so she felt optimistic when she put her 60-acre farm in Ocala, Fla., up for sale early this year. When no one bought the farm at its asking price of $894,000, she slashed the [...]
Hotel Burnham faces foreclosure (Crain’s) — The owner of the Hotel Burnham is facing a $37-million foreclosure suit as it tries to restructure the loan on the Loop hotel, which is no longer generating enough cash flow to cover interest payments. Bank of America N.A. last week sued an ownership group including local developers Dan [...]