Fannie Mae is extending its Chicago foreclosure assault against properties connected to Lakewood, New Jersey-based investor Chaim Bialostozky, who’s also facing Walker & Dunlop’s accusations of making fraudulent real estate deals to receive inflated loan amounts. Fannie on Thursday filed a fresh lawsuit against Bialostozky’s company Blue Portfolio Holdings, LLC as part of the lender’s crackdown on distressed multifamily across the South and West sides of Chicago. The new action compounds the legal wreckage surrounding out-of-state apartment investors whose portfolios have collapsed into receiver takeovers, municipal building code violation disputes and allegations of mortgage fraud. The filing comes on the […]
Read More: Fannie hits Chaim Bialostozky with Chicago foreclosure as Walker & Dunlop’s
