The Real Deal - New York Real Estate News

Real estate predators use “quiet title” petitions to seize Midwest homes

Posted: 12 Feb 2022 12:00 PM PST

It was bad enough that Natalia Estaban returned to her century-old home in Marshalltown, Iowa, to find it stripped of all her family photos. Someone had also assumed legal title to her home of more than 20 years and put it up for sale. The 72-year-old immigrant from Mexico was among victims of a little-known “quiet title” law that lets predators seize control of peoples’ homes with little notice, Iowa Public Radio reported. The loophole

Even after receiving rental aid, landlords find ways to get tenants evicted

Posted: 12 Feb 2022 10:48 AM PST

Landlords of residential properties are figuring out ways to cut tenants loose even after they have paid their back rent through the Federal government’s Covid-inspired Emergency Rental Assistance Program. The Associated Press is reporting that a survey by the National Housing Law Project of legal aid attorneys and civil rights advocates found the vast majority had reported cases of landlords either refusing to accept government-provided payments for rent and ended their lease or took the

Brooklyn’s MetroTech to get $50M makeover, new name

Posted: 12 Feb 2022 09:14 AM PST

MetroTech Center, the 1980s-era superblock of office towers and open space that is practically walled off from its Downtown Brooklyn location, is getting a new name and $50 million makeover. According to the Architect’s Newspaper and other published reports, three of the 12 buildings at the newly christened “Brooklyn Commons” will get a facelift while its 3.5 acre privately owned, public greenspace now known as “Brooklyn Commons Park” will get new outdoor seating, better lighting

Chrysler building owner Michael Fuchs in messy legal drama with ex

Posted: 12 Feb 2022 09:00 AM PST

Billionaire real estate investor Michael Fuchs, whose RFR Holding owns New York’s Chrysler and Seagram Buildings, is entangled in a messy divorce drama. Fuchs is fighting claims by his ex-wife, Alvina Collardeau-Fuchs, that he’s tried to control her spending since they split and made her day-to-day living “intolerable,” Bloomberg reported. He listed his net worth at $1.7 billion, according to court papers. Fuchs countered that his ex-wife “abused the unfettered use” of his Amex credit