Market Updates – Peak Foreclosure

What Every California Lender Should Know about Honchariw v. FJM Private Mortgage Fund, LLC, et al.

February 3, 2023 by Peak Foreclosure

In 2018, Nicholas and Sharon Honchariw took out a $5.6 million business purpose loan from FJM Private Mortgage Fund LLC; however, they defaulted on their September 2019 monthly payment. According to the terms of the loan, the default automatically entitled FJM to charge a one-time 10% fee along with a default interest charge of 9.99% … Read more

Private Equity Firms are Buying up Real Estate as the Market Crashes and Foreclosures Rise. How Will This Affect the Market Long-Term?

December 28, 2022 by Peak Foreclosure

According to conservative estimates, private equity firms own one out of every twenty-six apartment listings in the United States, along with 1.6 million housing units, 275,000 manufactured home lots, and nearly 240,000 single-family rental homes. What’s more, it’s not uncommon for firms to take advantage of rising foreclosure rates and an overall dip in home … Read more