Sometimes foreclosure is a family affair.  The Ostad brothers, a trio of New York real estate investors, have been named as defendants in nine foreclosure suits related to loans totaling more than $70 million. Edward and Michael Ostad are named in all the cases, while Steven Ostad is named in three of them.  The lender is trying to recover some money out of the Ostads personally, pointing to guaranty agreements they signed. The brothers stopped making payments on the loans in April, according to the plaintiff.  That’s the same month that Michael and Edward sued Steven, hoping to dissolve their […]

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