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Posts tagged: Foreclosures

Hotel Foreclosures an Oncoming ‘Train Wreck’

 

Eric Stoessel | National Real Estate Investor

Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is like comparing “a car wreck and a train wreck.”

Foreclosure activity hit 7-month high in Oct.

Foreclosures are still on the rise and this will effect the commercial real estate markets…

Notices of default, scheduled auctions and bank repossessions — warnings that can eventually lead to a home being lost to foreclosure — hit a seven-month high in October.

The numbers are further evidence foreclosure activity is picking up.