What we cover
Loans that move to special servicing. Missed maturities. Foreclosure suits and the receivers that follow. Trustee and sheriff’s sales. Buildings that go back to the lender, and what the lender does with them. Mostly office, multifamily, retail and hotels, across the country.
Each issue names the property, the debt, the most recent appraisal, the parties and the next date.
What’s in an issue
- 01
The File
One situation taken apart: the loan, the collateral, the latest appraisal, who is on each side, and the next date on the calendar.
- 02
The Radar
Five to eight more worth tracking, each tagged by stage. Special servicing, default, foreclosure suit, receivership, sale set, REO.
- 03
What happened
Outcomes on situations from earlier issues. Who won the auction, what the bid was, what the lender did next.
- 04
Dates to watch
Auctions, maturities, hearings and remittance reports coming up, so nothing on your list sneaks past.
When it comes out
Every Tuesday at 9:00 AM Eastern. It is free and takes about five minutes to read.
Contact
Questions, tips and corrections go to hello@distressedasset.com.
Not advice
Distress Radar is information, not advice. Nothing here is a recommendation to buy, sell, lend on or bid for any property, loan or security, and nothing here is legal, tax or investment advice. Statements from complaints and petitions are allegations unless a court has ruled.
Get Distress Radar on Tuesdays.
Free. One email a week. About five minutes.