The hedge fund angrying up the waters in Stuyvesant Town’s foreclosure has filed a testy response in federal court to the firm controlling the 11,200-unit property, complete with colorful legal vituperation. The fund, Appaloosa Investment, is suing the special servicer that controls the property for taking the complex through a foreclosure process against the will of certain Read More
There’s a World War I analogy in here somewhere.
Less than two weeks old, the foreclosure of Stuyvesant Town has hit its first major bump in the road, courtesy of hedge fund Appaloosa Investment, the New Jersey-based firm that took in a reported $7 billion in profit last year.
The firm, controlled by Read More
Here’s the complaint filed in federal district court in which mortgage holders foreclosed on the owners of Stuyvesant Town/Peter Cooper Village, a team led by Tishman Speyer.
It’s time stamped Tuesday at 12:48 p.m., and the plaintiffs are Bank of America and U.S. Bank, on behalf of special servicer CWCapital, which is coordinating the Read More
CWCapital, which will soon control Stuy Town, pens a letter to Read More
