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Tag Archives: real estate

Supreme Court to hear arguments in cities' annexation squabble

BILOXI and GULFPORT — An annexation case pitting Gulfport against Biloxi is headed to oral arguments July 22 before the Mississippi Supreme Court. Biloxi and Gulfport have been battling over the same territory since 2009, especially along the new Mississippi Highway 605 corridor. Harrison County has also opposed the annexation. The 2.5-square-mile area that Gulfport wants to annex includes more ...

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Trustee wants Vantium to service Community Home loans

JACKSON — United States Bankruptcy Court for the Southern District of Mississippi has approved the request of Kristina M. Johnson, Chapter 11 trustee of the bankruptcy estate of Community Home Financial Services Inc., to retain Vantium Capital Inc. (d/b/a Acqura Loan Services) to service mortgage loans on behalf of the bankruptcy estate. Johnson’s appointment as trustee was approved by an ...

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State's consumers in line for payments under SunTrust settlement

JACKSON — Attorney General Jim Hood says Mississippi consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust. The U.S. Justice Department said yesterday the $968-million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading information and charging unauthorized fees. ...

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UMMC drops purchase of downtown Jackson's Landmark Center

The University of Mississippi Medical Center’s purchase of the Landmark Center — a deal considered a much-needed game changer for downtown Jackson — is dead, UMMC officials say. » UPDATED: New buyer interest in Jackson’s Landmark Center after UMMC drops deal UMMC officials say they ceased negotiations with owners of the 366,500 square-foot building after other needs arose, including the cost ...

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Judge rules for city in dispute over bonds for church

DIAMONDHEAD — A judge has ruled Diamondhead officials can issue a $1.28 million public bond to buy the former church building they have has been using as city hall. The Sun Herald reports Harrison County Chancellor Carter Bise ruled in the city’s favor. The Diamondhead Taxpayers Association has objected to the bond issue. The city has been renting space at ...

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Report: State ranks third in U.S. in negative-equity homes

IRVINE, Calif — CoreLogic has released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in ...

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Statewide building code welcomed, but some jurisdictions may opt out

The Mississippi Legislature’s enactment of a statewide building code received a lot of support from the insurance industry, as well as the construction community in the state. But the legislation includes an opt-out clause allowing counties and cities to decline to participate, and that is a possibility for rural areas of the state that have traditionally opposed building codes. After ...

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BREAKING GROUND — Mississippi Land Bank sees growth in rural lending

Business has been booming at Mississippi Land Bank, the 90-plus-year-old financial services provider whose staff specializes in lending for rural living and agricultural customers across the northern part of the state. Mississippi Land Bank is a private cooperative, owned by its borrowers through the purchase of stock. the amount of stock is determined by the size of the loan. Stockholders ...

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