Archive for May, 2010
Disney World Home Not All Fun & Games
Bankruptcies in the Orlando-area have soared to record levels, powered by the worst recession and highest unemployment seen in this country in a generation.
Central Florida is experiencing one of the longest and steepest housing slumps anywhere in the nation and is currently on pace to set a
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Should You Get a 15-Year Mortgage?
Thinking of refinancing into a 15-year mortgage? Or maybe you are planning to buy a home and want to finance it with a 15-year home loan instead of being tied into a 30-year mortgage. Consider the pros and cons of 15-year mortgage loans.
Current Mortgage Rates Are Low
Anytime you finance with a 15-year mortgage you are going to get a lower rate [...]
Despite Low Mortgage Rates, Many Won’t Be Able to Refinance
http://www.dailyfinance.com/story/credit/many-people-who-try-to-refinance-wont-be-able-to/19490664/?sms_ss=email
Congress Takes on College Debt Issue
It has long since been known that student loans and other forms of educational loans cannot be discharged in a bankruptcy (unless “undue hardship” can be proven). This might change, however, depending on how congress tackles the current issue at hand.
A recently proposed legislation introduced by several
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Texas Rangers May Run Into Involuntary Bankruptcy Filing
Sale of Texas Rangers Hinges on Approval of 40 Creditors—MLB May Seize Team and Complete Sale Behind Creditors Backs
The Texas Rangers have been trying to steal third on their debt obligations. Their current sale by Hick Sports Group to Rangers Baseball Express has been stalling since January
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Duchess “Fergie” Faces Possible Bankruptcy
Duchess Sarah Ferguson is, according to MailOnline.com, on the verge of financial collapse, facing an economic meltdown, virtually broke.
Fergie’s company, Hartmoor, failed with debts of £650,000 (approximately $960,000) in October 2009.
The erstwhile Royal is currently facing a High Court action for unpaid bills amounting
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Massey Energy Company Buys Pennsylvania Mine in Controversial Bankruptcy Sale
A U.S. Bankruptcy Judge approved the sale of a West Pennsylvania Mine despite picket signs lurking outside the courthouse. Miners of the former Mathies Mine protested Massey Energy’s poor track record on safety.
The protesters were successful in having their voices heard by the bankruptcy judge, who delayed
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Tax Credit Updates for May 2010
Housing starts and home sales got a nice bump in March and April as the $8,000 tax credit for first-time buyers came to a close. The landmark program, along with its $6,500 companion credit for existing homeowners, has helped prop up the flailing housing market and inject some confidence into the greater economic landscape.
There have [...]
Mortgage delinquencies surge to a record
http://www.msnbc.msn.com/id/37232151/ns/business-real_estate/from/ET
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Don’t clean out that 401k!
When times get tough, especially if coupled with a job loss, it can be tempting to go to any measure possible to survive. Paying the mortgage (if you are going to keep the house), eating and fueling the cars are necessities, but the absolute worst “solution” for keeping creditors at bay, short of borrowing from [...]