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unusual facts about foreclosure



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Alexander St. Clair-Abrams

But back in 1872, Abrams maintained a feud with former governor Joseph E. Brown, denouncing the policy of the state leasing the Western and Atlantic Railroad and associated business deals with free rides but was pressured to relinquish control of the paper with a threatened foreclosure of a $5,000 mortgage by Citizens Bank unless he ceased the attacks on Brown.

Edward F. Cox

In 1997, Cox and his former law firm were sued, along with their client, by the purchaser in a foreclosure action Florida Power & Light of a failed power plant venture in South Carolina.

Homeowners Affordability and Stability Plan

According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages.

Jorge P Newbery

The U.S. Department of Housing and Urban Development started foreclosure on the property and, due to the severity of the problems, installed a hot-line in their Dallas office to field the multitude of tenant complaints during the receivership term.

Kenwood Towne Place

Bank of America filed a foreclosure lawsuit in the Hamilton County Common Pleas Court against Bear Creek Capital and the developers of Kenwood Towne Place in May 2009.

Mansfield, Coldwater and Lake Michigan Railroad

On August 28, 1877, the company was sold at foreclosure: the Allegan & Southeastern bought the Allegan Division, while the Pennsylvania Railroad, which had controlled the Ohio properties since 1873 through the Pennsylvania Company, bought the Ohio holdings outright.

Mortgage servicer

The alleged problems regarding foreclosure fraud were so widespread and popularized by the media that U.S. Congresswoman Maxine Waters announced that the United States House of Representatives subcommittee on housing issues will hold a hearing on November 18, 2010 to examine problems emerging in the mortgage servicing industry.

National Civil Rights Museum

Bailey worked with Chuck Scruggs, program director of WDIA and attorney D'Army Bailey, to raise funds to "Save the Lorraine" in the newly formed Martin Luther King Memorial Foundation, and bought the motel for $144,000, following foreclosure in December 1982.

Peter Linneman

He has served on several public company boards, including serving on the Executive Committee of Equity Office Properties, and was chairman of Rockefeller Center Properties, successfully negotiating the foreclosure of its previous owners and its subsequent sale in the mid 1990s.

Powder Horn Mountain

The project was founded by developer Bob Horne, and included a golf course, riding stables and trails in nearby Wilkes County, but after undergoing bankruptcy and foreclosure it was divided and sold separately.

Rochester Jeffersons

After an unsuccessful last-ditch effort to lure Red Grange to Rochester (he instead signed with the Chicago Bears), the team suspended operations after the 1925 NFL season; by this point, the team had been losing money (to the point where Lyons' house had been foreclosed upon because of his dumping of virtually all his assets into the team) and had been a traveling team for two seasons (1920 and 1925).

Springfield Metropolitan Exposition and Auditorium Authority

A recent offer had been made by SMEAA Chairman Mike Coffey, Jr. and Springfield Mayor Timothy Davlin, to purchase the mortgage of the Abraham Lincoln Hotel and Conference Center, so as to prevent foreclosure proceedings against that establishment.

Stonebridge Press

Former executives with Capital Cities/ABC purchased the newspapers that now make up Stonebridge in a foreclosure sale from Loren F. Ghiglione in 1995.

Wayne Ormond

The idea for Wayne Ormond's charity, The Foreclosure Fighting Fund, came from his involvement with Channel 7's Today Tonight series which showed cases of the difficulties and heartbreak faced by families threatened with losing their homes due to repossession by banks and lenders.


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