0 minute readManhattan’s Stuyvesant Town and Peter Cooper Village apartments, the city’s largest residential enclave, could be sold in two pieces under a foreclosure proposal by lenders. Bank of America Corp. and special loan servicer CW Capital Asset Management, acting on behalf of senior creditors, asked for court approval to offer the 80-acre property in either one or two pieces in a foreclosure auction, according to a filing yesterday in US District Court. “The highest and best offer will be determined,” representatives for the creditors said in the filing.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio