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...
View ArticleLenders 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...
View ArticleRead 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...
View ArticleFORECLOSURE SETTLEMENT — AG concedes legislators likely to decide where...
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...
View ArticleBank 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...
View ArticleCasino’s foreclosure sale postponed; Bally agrees to discuss unpaid debt
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...
View ArticleUnable 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...
View ArticleFamily fights for control of Tri-State Brick & Tile
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...
View ArticleFNC report: Housing market should continue to improve
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...
View ArticleCommercial contractors are still struggling in state
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...
View ArticleForeclosure rates in Jackson decrease
Foreclosure rates in Jackson decreased for the month of September over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Jackson...
View ArticleUS foreclosure inventory down 29 percent nationally from a year ago
CoreLogic today released its May National Foreclosure Report with a supplement featuring quarterly shadow inventory data as of April 2013. According to CoreLogic analysis: There were 52,000 completed...
View ArticleForeclosures down, sales prices going up
There’s good news for various residential real estate markets around the state, presidents of three regional professional organizations report. Home foreclosures are down and the number of sales and...
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