September 11, 2024
More and more lenders are going to New York City courts to foreclose on commercial mortgages, a path that can lead to lengthy litigation and hefty legal fees, even if the borrower doesn't put up much of a fight.
March 20, 2020
A New York federal judge has ruled that more than $614 million in disputed funds stemming from the $5.3 billion sale of New York housing complex Stuy Town in 2015 can't be sent to certain investors in the underlying defaulted mortgage on the property.