When you’re facing 28 foreclosure cases, what’s a couple more? Infamous Manhattan landlord Steve Croman has been hit with new foreclosure cases connected to 11 properties. Loan principals for those new cases total more than $55 million, bringing Croman’s total defaulted principal tally up to $306 million. The most recent case was recorded Dec. 12. The wave of defaults is almost entirely the work of one lender, an entity of Bellwether Asset Management, which bought a portfolio of Croman’s loans in November. In some cases, the lender is pursuing personal judgments against Croman and his family, which could spell trouble […]
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