NEW YORK (Reuters) – Foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
Also tagged domesticnews, every-four, foreclosures, gains-until, realty, ruling-out-sustained, yorkNEW YORK (Reuters) – A New Jersey woman was arrested on Wednesday and charged with running a $45 million Ponzi scheme in which she allegedly promised investors high returns from real estate, but instead used their money to repay other investors and gamble at casinos.
Also tagged allegedly-promised, arrested-on-wednesday, domesticnews, investors, investors-and, money, new, wednesday, which-she, with-runningNEW YORK (Reuters) – Prices were cut on nearly one quarter of U.S. homes on the market in May, the same as April, with a growing supply of unsold homes keeping buyers in the driver’s seat, real estate web site Trulia.com said on Wednesday.
Also tagged domesticnews, growing-supply, homes-on-the, keeping-buyers, market, nearly-one, prices, the-market-, trulia-com, were-cutChapter 7 Bankruptcy . Individuals can file for bankruptcy under Chapter 7 (liquidation) or Chapter 13 (a “consumer reorganization”, or debt adjustment case). In a Chapter 7 bankruptcy, the individual is allowed to keep certain exempt property. Most liens, however (such as real estate mortgages and security interests for car loans), survive. Other assets, if any, are sold (liquidated) by the interim trustee to repay creditors. Many types of unsecured debt are legally discharged by the bankruptcy proceeding, but there are various types of debt that are not discharged in a Chapter 7. Common exceptions to discharge include child support, income taxes less than 3 years old and property taxes, student loans (unless the debtor prevails in a difficult-to-win adversary proceeding brought to determine the dischargeability of the student loan), and fines and restitution imposed by a court for any crimes committed by the debtor. Spousal support is likewise not covered by a bankruptcy filing nor are property settlements through divorce. Despite their potential non-dischargeability, all debts must be listed on bankruptcy schedules. This information is presented by the Bankruptcy Practice Group of Baxter & Baxter, LLP. The Portland, Oregon bankruptcy attorneys and Vancouver WA bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial phone consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file. “We are a debt relief agency. We help people file for relief under the Bankruptcy Code.”
Also tagged a-debt-relief, a-free-initial, bankruptcy, chapter, debtor, individual, portland, studentNEW YORK (Reuters) – A former New York City real estate developer pleaded guilty on Friday to 18 criminal charges in connection with the theft of more than $18 million from banks, business associates, friends and family.
Also tagged connection-with, criminal-charges, developer-pleaded, domesticnews, friday, friends-and, guilty-on-friday, million-from, the-theft, theft, yorkThings to Avoid before Filing Bankruptcy The Portland, Oregon and Vancouver, Washington bankruptcy attorneys of Baxter & Baxter, LLP, are zealous advocates for our clients. Our relationship to our clients is built on trust, and it is of the utmost importance that clients are completely candid with us so that we can give fully informed advice. Some actions that consumers take prior to filing for bankruptcy in Oregon can have profound effects on the bankruptcy case once it is filed. Here is a common list of things that consumers should avoid doing once they decide to file for bankruptcy. * Don’t sell, give away or transfer ownership of any personal property, real estate, or other property prior to filing your bankruptcy case. * Don’t use credit cards or incur more debt. * Don’t give money or repay loans to friends or family members. * Don’t leave assets off your bankruptcy forms, including lawsuits, workers comp claims, or other possible cases you may have. * Don’t take money out of retirement plans, IRAs, or 401Ks * Talk to your lawyer if you are expecting a large tax refund. * Don’t put your money into someone else’s bank account or put your name on someone else’s account. * Don’t get married or move in with someone, especially if that person has a high income. This information is presented by the Bankruptcy Practice Group of Baxter & Baxter, LLP. The Portland, Oregon bankruptcy attorneys and Vancouver WA bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial phone consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file. “We are a debt relief agency. We help people file for relief under the Bankruptcy Code.”
Also tagged a-common-list, a-debt-relief, a-large-tax, bankruptcy, baxter, information, married-or-move, portland, practice-group, vancouverNEW YORK (Reuters) – More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday.
Also tagged april, cut-their, domesticnews, federal-tax, home-sellers, listing, said-on-wednesday, seal-deals, the-waning, trulia-com, waning, web-site, wednesday, yorkThe downtown Portland building, which houses federal workers, is one of 14 affected by the filing of its corporate parent.
Also tagged best of business, breaking news, business, downtown, federal workers, finance, housing, its-corporate, portland, the-filingA unit of the bankrupt commercial property lender Capmark Financial Group filed for bankruptcy in a bid to sell its management contracts and interests in real estate equity funds. Read more from the original source: Business Briefing | Legal: Capmark Investments Files for Bankruptcy
Also tagged bankrupt, bankruptcy, capmark, commercial-property, filed-for, files, from-the-original, group, legal, management-contracts, more-from, sell-its, the-bankrupt, the-originalUmpqua Bank knew as early as March 2007 that the owners of Bend-based Summit Accommodators were diverting millions of dollars from their clients’ accounts to fund their own real estate projects, according to a newly issued report by the court-appointed bankruptcy trustee.
Also tagged a-newly-issued, court, finance, fund-their, housing, march, randall dunn, summit-accommodators, the-owners, their-clients, u.s. bankruptcy court, umpqua-bank