Wednesday, February 4, 2009
The foreclosure issue & mortgage modification have now intersected with bankruptcy….it looks like this will be more common in the immediate future:
Homeowners struggling with unaffordable mortgages soon may have a place to turn to get the loans modified: bankruptcy court.
It was inevitable, right?
Read this for more…
http://www.bizjournals.com/columbus/stories/2009/01/26/story4.html?b=1232946000^1766455
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Also tagged bankruptcy chapter 7 exempt, bankruptcy meeting, bankruptcy real estate, chapter 7 bankruptcy, cheap chapter 7, credit card foreclosure, estate, file chapter 13, foreclosure, foreclosure and bankrutpcy, foreclosure bankrupsy, foreclosure bankruptcy filing, foreclosure bankruptcy laws, foreclosure credit cards, foreclosure home bankruptcy, outsiders chapter 7
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Thursday, November 20, 2008
South Florida bankruptcy filings increase:
There were 1,972 filings last month, compared with 1,758 in September, and up 61 percent from 1,228 in October 2007, according to the U.S. Bankruptcy Court for the Southern District of Florida.
http://www.sun-sentinel.com/business/
Here’s the housing inventory numbers for all 50 states. Miami has 50,000 units in inventory according to this!
http://www.housingtracker.net/old_housingtracker/
& here is [...]
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Also tagged bankruptcy, bubble, burst, estate, fl, florida, housing, miami, palm beach, realestate, south, south florida, southern florida, west palm
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Saturday, November 15, 2008
In the Northwest, bankruptcy filings are continuing to mount…the article mentions the likely culprit: foreclosure…and states that:
In Coeur d’Alene, bankruptcy filings for October soared by 138 percent
http://www.spokesmanreview.com/local/story.asp?ID=267862
That may be a local record for an increase % in bankruptcies?
Did Idaho experience a housing boom too?
Try this link….the one above now appears to require a login…
http://www.spokesmanreview.com/tools/story_breakingnews_pf.asp?ID=17665
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Also tagged bankruptcy, cda, estate, filings, foreclosure, id, idaho, increase, nw, real estate, realestate, spokane, wa, washington
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Tuesday, November 4, 2008
This continues yesterday’s post about small businesses owners who should plan ahead before facing themselves filing for bankruptcy:
The article notes that:
people in the trades — electricians, roofers, framers, concrete finishers
are finding themselves filing now that the housing boom has worn off.
http://www.mercurynews.com/business/ci_10808374?source=rss
Tuesday, October 14, 2008
Here is a long post from mid September regarding bankruptcies filed in Michigan:
http://www.dexterleader.com/stories/091108/loc_20080911002.shtml
It even mentions the negative equity issue that Michigan has been experiencing for some time now:
…I see clients come in here who owe on a $150,000 mortgage, but the house is only worth $120,000…
That may be what happens when people can’t pay their [...]