U.S. foreclosures set first quarter records
For the first six months of 2008, foreclosure postings in the Dallas-Fort Worth area were up 20 percent from the same period last year, according to statistics from Foreclosure Listing Service Inc. of Addison. More than 25,000 North Texas homes have been faced with...Senators reach deal on foreclosure legislation
Key senators announced Monday [May 19] a bipartisan agreement on the broad elements of a plan to avoid foreclosures and speed the refinancing of mortgages for roughly 500,000 troubled homeowners without taxpayers footing the bill. Read the rest of the here. With...Bush’s Bankruptcy Legacy: Three Years And Nearly 1.5 Million Bankruptcy Filings Later
On the eve of the three-year anniversary of president Bush’s controversial bankruptcy bill becoming law, data show that in the last two years nearly 1.5 million individuals filed for personal bankruptcy. The new data further questions the merits of the Bankruptcy...City of Vallejo, California Declares Bankruptcy: Will More Cities Follow?
Rarely do cities of a decent size declare bankruptcy, but that is exactly what the city of Vallejo, California, home to more than 100,000 people is doing. Hurt by falling property tax revenues, a stagnant economy and the failure to renegotiate key deals with unions,...
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