Bank files to foreclose 5 Rochester properties owned by Bob Morgan

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If there are no higher bidders, then the property becomes bank-owned. How Do You Buy Foreclosures? When it comes to JP Morgan Chase, these repossessed homes are added to the JP Morgan Chase foreclosure list and are often referred to as Chase REO properties. The great thing about REO Chase homes is that potential homeowners and investors can.

Bob Morgan investigation by FBI could extend beyond Buffalo development projects. FBI investigation into Rochester-area developer Robert Morgan is focused on "loan-to-value" ratio for properties.

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The high degree of interest in bank-owned REO properties means many homes offered end up receiving multiple offers. When this occurs most banks automatically tell us to set aside all the offers received, and place a deadline on receipt from these same buyers for their "highest and best" (H&B) offer.

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A suburban rochester lender who has worked frequently with developer Robert C. Morgan is now turning on its embattled partner, suing Morgan in state court for failing to pay more than $9 million.

They know the problems that the industry has, they know regulation extremely well, and they’ve hired a lot of first-class people," says Bob. in bank files than did those of rival consultants,

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