2 Articles match "2005","Chapter 7","Michigan"
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July Foreclosure Report
Lots of investors and speculators bought here, resulting in massive increases in value in 2004 and 2005. Oil prices causing Big Three to perhaps collapse, and ripple effects in economy of Michigan alone could crash the entire U.S. The Real Estate problem is just a piece of the overall decline of high BTU lifestyle and 4 billion extra mouths to feed in the world. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
BK' Doesn't Stand for Burger King
Back in the early 1990s, in addition to double-digit interest rates, high unemployment and a flood of foreclosures on the market, another telltale sign that we were in a recession was an abundance of personal bankruptcies — especially Chapter 7 which wiped out all of a debtor’s unsecured debt. The federal government clamped down on that “loophole” with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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BK' Doesn't Stand for Burger King
Back in the early 1990s, in addition to double-digit interest rates, high unemployment and a flood of foreclosures on the market, another telltale sign that we were in a recession was an abundance of personal bankruptcies — especially Chapter 7 which wiped out all of a debtor’s unsecured debt. The federal government clamped down on that “loophole” with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
July Foreclosure Report
Lots of investors and speculators bought here, resulting in massive increases in value in 2004 and 2005. Oil prices causing Big Three to perhaps collapse, and ripple effects in economy of Michigan alone could crash the entire U.S. The Real Estate problem is just a piece of the overall decline of high BTU lifestyle and 4 billion extra mouths to feed in the world. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007,
www.foreclosurepulse.com
- Tuesday, December 16, 2008