Sunday, 28 October 2007 | 5:25AM
Bankrupt Foxtons to Sell Real Estate Listings
TRENTON (1010 WINS) -- Thousands of real estate listings held by the now-bankrupt discount brokerage Foxtons can be sold to other companies.
That's the ruling from a federal judge.
That clears the way for Rahway-based Maplewood Homes to buy more than 3,400 New Jersey listings for $100,000. And Brooklyn, New York-based Fillmore Real Estate is spending $110,000 for hundreds of more listings in New York.
West Long Branch-based Foxtons recently filed for bankruptcy, citing its slumping business due to the downturn in the housing market.
When it sought to sell the listings, more than 30 homeowners sought to void their contracts so they could sign agreements with other real estate agents.
But the judge rejected their arguments. |
