American Foreclosure Tours brings you the latest news and information about US real estate foreclosures. Our team of foreclosure experts have extensive knowledge in foreclosure properties including bank owned, HUD homes, and pre-foreclosure properties.
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| | Thu, 02 Jul 2009 14:59:00 -0400 | | | (AP) — Global Hyatt Corp., the privately held hotel and resort company, said Thursday it has changed its name to Hyatt Hotels Corp.
The renamed Hyatt Hotels is the parent of companies that own, operate, manage and franchise hotels, resorts and timeshare properties. Based in Chicago and ... | |
| | Thu, 02 Jul 2009 12:36:00 -0400 | | | Opus Group: Local operation 'healthy' as sister firms file for bankruptcy protection
Regional Opus Group operating companies in Washington, D.C., and Phoenix are filing for bankruptcy protection, the Minnetonka, Minn.-based parent company announced Tuesday. But Rosemont-based Opus North Corp. and ... | |
| | Thu, 02 Jul 2009 12:05:00 -0400 | | | (Crain’s) — A little-known developer has struck an agreement with the village of Oak Park that clears the way for an $85-million hotel and condominium tower to be built in the west suburb’s downtown.
The Oak Park Village Board voted earlier this week to approve a redevelopment agreement ... | |
| | Thu, 02 Jul 2009 10:33:00 -0400 | | | (AP) — Fitch Ratings on Wednesday raised the investment-grade ratings of Ventas Inc., citing steps the real estate investment trust has recently taken to shore up its capital position.
The credit ratings agency upgraded its issuer default rating for Ventas and its subsidiaries to BBB from BBB-. ... | |
| | Thu, 02 Jul 2009 10:32:00 -0400 | | | RREEF, the grand dame of real estate investing, is on shaky ground.
One of its flagship funds — the $2.6-billion RREEF America III — might go bankrupt. This month, German department store chain Arcandor A.G. — a RREEF tenant through a sale-leaseback as part of a consortium — went ... | |
| | Wed, 01 Jul 2009 03:43:00 -0400 | | | (Crain’s) — Amcore Bank has filed to collect a nearly $12-million loan from a husband-and-wife team of developers who were planning a 140-home subdivision in far southwest suburban New Lenox, an area that has been hard hit by the steep decline in new home sales.
Rockford-based Amcore alleges ... | |
| | Wed, 01 Jul 2009 03:28:00 -0400 | | | (Crain’s) — Chicago restaurateur Jerry Kleiner will run an upscale bar at the 16-screen Kerasotes movie theater that’s set to open later this year in the South Loop.
Mr. Kleiner, the creator of Carnivale, Red Light and Gioco restaurants, has been consulting Kerasotes executives on ... | |
| | Wed, 01 Jul 2009 03:03:00 -0400 | | | (Crain’s) — A bankruptcy court judge has ordered that Sheldon Good & Co. be put up for auction next month with the bidding starting at $1.2 million, a lofty price for a Chicago firm whose 2009 commissions were less than half that amount through May.
The company's founder, Sheldon Good, 76, is ... | |
| | Wed, 01 Jul 2009 02:12:00 -0400 | | | (Crain’s) — Evanston condominium developer Thomas Roszak has filed for bankruptcy protection after struggling to pay off his debts during the worst housing market in decades.
Known for his projects in Evanston and downtown Chicago, Mr. Roszak said he has assets of $1 million to $10 million ... | |
| | Tue, 30 Jun 2009 13:58:00 -0400 | | | (Crain’s) – The court-appointed receiver for Chicago-based Wextrust Capital LLC plans to hand the former Day’s Inn hotel in Lincoln Park back to its lender, Amalgamated Bank of New York.
The receiver filed a motion Monday seeking court approval to relinquish Wextrust’s interest in the ... | |
| | Tue, 30 Jun 2009 13:49:00 -0400 | | | (Crain’s) — Chicago home prices posted a record drop in April of nearly 19% compared to a year ago, but were unchanged from where they were in March, according to a closely watched housing index.
Chicago was one of six cities nationwide that posted record-setting, year-over-year price ... | |
| | Tue, 30 Jun 2009 13:15:00 -0400 | | | (AP) - Court records show that former Chicago Bulls star Eddy Curry's suburban Chicago mansion is in foreclosure.
Documents show that as of Friday, Curry was more than $217,000 behind on his $3.7 million mortgage. Records show Curry and his wife, Patrice, took the 30-year mortgage out in July ... | |
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