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Tag Archives: foreclosure

Business Digest: Realtors hope $25B foreclosure settlement will spark housing revival

With the residential real estate industry shell-shocked from years of a moribund market, its spokespeople can be forgiven for taking a cautious attitude toward this week’s announcement of a $25 billion settlement with five of the nation’s biggest mortgage lenders over flawed and fraudulent foreclosure practices. The money in the settlement will mostly go to borrowers and homeowners who are ...

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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 old fight over inventory taxes ...

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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,” said Eric Matejevich, chief financial ...

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State's foreclosure actions up and down

ACROSS MISSISSIPPI — Home foreclosure actions in Mississippi rose in July from the previous month, but were down from a year ago, according to a national foreclosure tracking firm. Irvine, Calif.-based RealtyTrac said 359 housing unit were targeted for some sort of foreclosure action last month — and all of those homeowners were at the end of the line. Lenders ...

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Coast home foreclosures spike

MISSISSIPPI GULF COAST — The number of homeowners along the Mississippi Gulf Coast in danger of losing their residences jumped sharply during the first three months of 2010, according to a report released today. Irvine, Calif.-based RealtyTrac, which tracks foreclosure actions nationwide, said that 369 foreclosure-related notices went out during the first quarter in Gulfport-Biloxi, a 195 percent increase from ...

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Putting families back in homes

  Neighborhood program putting families back in their homes   There can be a snowball effect when a large number of foreclosures hit a neighborhood. Who wants to buy a home when prices are declining and many homes in the neighborhood are vacant with unkempt yards because of foreclosures? But, now there is an opportunity to turn things around with federal ...

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