Archive for the ‘Real Estate Law’ Category
Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 341,180 properties in March, 46% more than a year ago and 17% more than February’s total, according to the latest report from RealtyTrac Inc., a foreclosure listing firm. (RealtyTrac is a partner of MSN Real Estate.) Read more about Foreclosures surge back with a vengeance
General Growth Properties Inc., owner of some of the nation’s most prominent malls, including the Glendale Galleria, filed for Chapter 11 protection from creditors Thursday, marking the biggest real estate bankruptcy in U.S. history.
The filing, anticipated for months, comes as cash-strapped consumers turn away from shopping as a favorite pastime and the role of the mall in American culture is losing its charm.
No One Wants To File For Bankruptcy But It May Be The Smartest Choice… ... Read Full Story