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: The Home Equity Theft Reporter

Loan Servicer Cries Foul; Says Its Being Squeezed By Hedge Fund's Attempt To Jam Foreclosure Suit On 11,000 Unit Complex;

By r morris

In New York City, the New York Post reports:The company that controls troubled Manhattan apartment complex Stuyvesant Town-Peter Cooper Village told hedge fund Appaloosa to back off [], saying the New Jersey bondholder has no right to try to scuttle the property's foreclosure proceedings.In a brief filed with Manhattan federal court, CW Capital -- which represents holders of the $3 billion

Full post as published by The Home Equity Theft Reporter on March 24, 2010 (boomark / email).