A mortgage debtor assumes a double risk: the risk of losing the mortgaged property for a default under the obligation secured by the mortgage, plus the risk of being saddled with personal liability ...

The owners of a struggling Loop office building are ready to hand the keys back so they can end the financial pain of holding onto it. A joint venture of Chicago-based Hearn and New York-based ...

Short sales and loan modifications have grown to help offset foreclosures, but banks are also turning more to deeds-in-lieu of foreclosure. Slightly more than 20,000 deeds-in-lieu of foreclosure ...

The prospects of refinancing many office projects are low, given their plummeting valuations. But resolving this with a deed ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The special warranty deed was ...

While traditional enforcement often requires judicial intervention, alternative resolution strategies can deliver superior outcomes with reduced costs, compressed timelines, and diminished ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The friebdly foreclosure came ...

Know and understand the six key steps.