Foreclosures

The owner of a $50.9 million Manhattan condo that is scheduled to be sold at a foreclosure auction next month is Kolawole "Kola" Aluko, a Nigerian businessman accused in court filings of defrauding that country's government.

Hawaii continued to see drops near or above 20% in new foreclosure lawsuit filings during March and April, according to the latest data from the state Judiciary.

As it presses forward with downtown revitalization, the city of Aiken, S.C., is also considering a crackdown on abandoned and distressed properties, some located mere blocks from the heart of downtown.

More than $106,000 was transferred into the Cheboygan County, Mich., general fund from the treasurer's office from the sales of tax foreclosures in the county.

Another luxury condo at Manhattan's One57 is scheduled for a foreclosure auction — the second time in a month that a property seizure is being sought at the Billionaires' Row tower following a mortgage default.

Casey Anthony's parents are fighting back against a bank trying to foreclose on their home, court records show.

City commissioners approved a deal Wednesday aimed at turning around two beachside rental homes that have churned out lawlessness and code violations, but the neighbors who have begged for help are worried the trouble isn't going to stop.

Mortgage delinquencies declined 7% in May compared with April, a partial recovery from the 13% increase of the previous month.

The Erie County, N.Y., Legislature unanimously adopted a resolution asking for a state law that would enable local leaders to shorten the foreclosure timetable for bank-owned vacant homes.

While the courts have affirmed cities’ right to file predatory lending suits, they are also now holding them to a much higher standard in proving that banks knowingly steered minority borrowers into high-cost home loans.

As housing prices continue their climb toward pre-recession levels, enabling homeowners to regain equity, mortgage foreclosures and delinquency rates in the Bradenton-Sarasota, Fla., region remain on the decline.

Robert and Dolores Sexton never saw it coming: a classic real estate ruse the Bay Area retirees say has cost them the home they bought almost 42 years ago.

The number of homes with a foreclosure filing increased 5% in May over the previous month, as properties entering the process also increased by 5%.

Fewer Colorado Springs homeowners are sinking on their mortgages, a national report released by housing data firm CoreLogic shows.

St. Louis County, Minn., made a cool $350,500 selling 25 parcels that had been given up by their previous owners for non-payment of property taxes.

The blighted property review committee wants to take a multipronged approach to addressing neglected properties in Hazelton, Pa.

Jenni Leocadio vowed not to go couch surfing at her sister's again after getting evicted from her two-story Santa Ana, Calif., apartment in April.

Three Northern California men, including one of Oakland's largest landlords, were convicted of creating a massive bid-rigging scheme to scoop up hundreds of foreclosed properties at suppressed prices.

Voters during a special town meeting approved a measure that would allow the town to bid up to $5 million on 87 acres of land across from the Village Fire Station on North Street in Kennebunkport, Maine, that is likely headed for foreclosure next week.

Wayne Francis, the lawyer and real estate speculator captured while hiding in a Connecticut hotel room over the holiday weekend, was presented in court Tuesday on a larceny charge and held on a $2 million bond.