Interesting Personal Debt News Links (February 4, 2009)

February 4, 2009

* Northampton County settles sex harassment suit for $41,000 (Morning Call)

Northampton County has paid $41,000 to settle a federal lawsuit by a DUI Center employee who alleged she was repeatedly sexually harassed over 18 months after co-workers uncovered provocative photos of her.

* TotalBank loses $6.5M in Q4 (Houston Business Journal)

After filing foreclosure lawsuits against a host of South Florida developers in recent months, TotalBank suffered a $6.5 million loss in the fourth quarter, down from a $3.4 million third quarter loss.

* Prediction: Recession will reach its peak in December (Billings Gazette)

Unlike the national recessions dating to 1991 that largely missed Montana, this one won’t let us escape the ugly meltdown.

* Falling land values sinking developers and banks in Florida (Houston Business Journal)

JACKSONVILLE Many land developers and builders are facing bank foreclosures, causing some to file bankruptcy as their land is slow to sell and the banks become restless.

* Rising unemployment hits 98 percent of metro areas (Jeannine Aversa-)

Metropolitan areas across the Southeast and Midwest are seeing some of the steepest increases in joblessness, stung by their dependence on factories serving the struggling housing and auto sectors.That is one of the key trends that emerges from a Labor Department report released Wednesday showing December unemployment rates rose in 98 percent of the country’s largest metropolitan areas, …

* Tax hikes a bitter pill for homeowners | Talk about it (Orlando Sentinel)

Property values are plummeting across Central Florida — by double digits in many areas — leaving school districts and local governments bracing for service cuts and tax-rate hikes in the next budget year.

* Lawsuit: Deadlock in ownership group led to office foreclosure (Silicon Vly Business Journal)

A Davie building that houses a church, Christian school and an athletic complex is in foreclosure amid a legal dispute among its owners.

* Tulsa: Mayor Kathy Taylor says bumpy ride ahead (Daily Oklahoman)

Mayor Kathy Taylor said Tuesday the city is going to tighten its belt to prepare for a projected $2.7 million general fund deficit at the end of the fiscal year.

* Report: 1 in 5 area homeowners under water in 4Q (San Francisco Business Times)

Home values in Central Ohio fell at a slower pace than the national average in the fourth quarter of 2008, but the decline was enough to keep one in five area residents under water on their mortgages, according to a new report.

* As the tax rolls fall, the tax bills go up (Aaron Deslatte, Orlando Sentinel)

Property values are plummeting across Central Florida — by double digits in many areas — leaving school districts and local governments bracing for service cuts and tax-rate hikes in the next budget year.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: