Posts Tagged ‘foreclosure’

Commercial contractors are still struggling in state

by Wally Northway Published: March 1,2013

Tags: FNC, foreclosure, residential construction

The news is mainly good on the residential side of the construction industry that is currently weathering its worst cycle in decades. Unfortunately, the commercial contractors are still having a hard time finding work. And while industry leaders see some optimistic signs, the outlook remains guarded at best. Homebuilders are starting to see some sunlight. […] [...]

FNC report: Housing market should continue to improve

by MBJ Staff Published: February 19,2013

Tags: foreclosure, home, home price, house, housing, mortgage, real estate, report, residence, residential

OXFORD — Though home foreclosures continue to be a challenge in many hard-hit markets, a report released by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying […] [...]

Family fights for control of Tri-State Brick & Tile

by Ted Carter Published: September 9,2012

Tags: foreclosure, Mississippi Supreme Court, Tri State Brick & Tile, Trustmark National Bank

Trustmark National Bank’s early July foreclosure of Tri State Brick & Tile left the founder’s splintered family little to fight over, but the Mississippi Supreme Court may still have to declare a symbolic winner in the years-long feud. The justices have been asked to decide whether Trustmark, as the major lender to the 66-year-old Forest […] [...]

Unable to reach deal with Bally, Grand Station Casino closes

VICKSBURG — Grand Station Casino has closed in Vicksburg, affecting 230 employees. The Vicksburg Post reports casino officials began escorting employees from the casino about 11 a.m. yesterday and security guards turned prospective gamblers away. Vicksburg Mayor Paul Winfield says the city would work with companies interested in acquiring the casino. The action came after […] [...]

Casino’s foreclosure sale postponed; Bally agrees to discuss unpaid debt

by Associated Press Published: March 27,2012

Tags: acquisitions, casinos, condominium, debt, developer, foreclosure, gambling, gaming, mergers, tourism, tourists, visitors

VICKSBURG — Bally Gaming Inc. and the owners of Vicksburg’s Grand Station Casino have agreed to discuss unpaid $3 million debt. Vicksburg City Attorney Lee Thames tells the Vicksburg Post the foreclosure sale of the Grand Station Casino scheduled for yesterday has been postponed indefinitely. The casino was expected to be sold to settle all […] [...]

Bank to take over historic Monmouth in foreclosure proceedings

NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of […] [...]

FORECLOSURE SETTLEMENT — AG concedes legislators likely to decide where $14.1M goes

Mississippi legislators will be the deciders in how to use a $14.2 million direct payment from a $25 billion national mortgage fraud settlement. Attorney General Jim Hood hopes legislators will allocate the money for such things as housing counseling, mortgage-education efforts and for programs to guide victimized homeowners through the settlement process. He concedes, however, […] [...]

Read the Feb. 20 issue of MBJ online

In this week’s MBJ — High-Tech ‘Garden’ growth: Pine Belt set to harvest high-tech rewards from USM scientific research. By Ted Carter Also in this week’s paper: >> Growing interest: Interest in William Carey’s inaugural Osteopathic class off the chart — by Amy McCullough >> Tax reform stuck in middle of political taffy pull: The […] [...]

Lenders to foreclose on two Tunica casinos

TUNICA — ACH, the Atlantic City casino long considered to be at the greatest risk of having to close, can breathe a bit easier. New Jersey casino regulators today approved a plan to keep the struggling casino open and save the jobs of nearly 2,000 workers. “The company, quite frankly, was running out of cash,” […] [...]

Cleaning out in-box by answering some of the most frequently asked questions

Question: What is your solution to the foreclosure problem in the U.S.? Answer: I do not support the concept of allowing people who could not afford a house to be subsidized to stay in the house as owners. Nevertheless, houses should not remain vacant for long periods of time simply because of physical deterioration issues. […] [...]

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