Posts Tagged “Bankruptcy News”

News Sources wrote an interesting post today on
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NEW YORK, April 26 (Reuters) - Real estate investment trust American Mortgage Acceptance Co filed for Chapter 11 bankruptcy protection on Monday, blaming a sharp drop in property values. The company, which invests in multifamily and commercial property mortgage loans, said in court documents it had assets of about $6.4 million and liabilities of about $120 million, according to court documents …

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News Sources wrote an interesting post today on
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REIT American Mortgage files for bankruptcyReutersNEW YORK, April 26 (Reuters) - Real estate investment trust American Mortgage Acceptance Co (AMOA.PK) filed for Chapter 11 bankruptcy protection on Monday, …and more »

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creditfyi.com

Second Lien Holders Hold Modification Seekers Hostage: Is Bankruptcy The Solution?HoweStreet.com“I talk to real estate brokers, bankers, even attorneys, it’s just not known that you can get rid of your second mortgage.” The second-lien strip is just …Lenders reject homeowners who apply for Obama plan News & Observerall 45 news articles »

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Boston Globe

Galleria owner General Growth eyes mid-2010 bankruptcy exitBizjournals.comThe nation’s second-largest owner of retail centers announced a deal Wednesday to renegotiate $9.7 billion in mortgage loans on 92 of its regional shopping …General Growth Aim to Keep Top Malls May Thwart Simon BloombergGeneral Growth restructures $9.7 billion in debt The Associated PressBankrupt General Growth won’t sell Ala Moana Center Honolulu Star-Bulletin Chicago Public Radio  - Financier Worldwide  - Central Valley Business Timesall 303 news articles »

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News Sources wrote an interesting post today on
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CIT Files for BankruptcyGlobeSt. comThe troubled real estate market has created a buyers’ market for mortgage loan portfolios, RMBS and CMBS, foreclosed real estate, real estate in corporate …and more »

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