Is There Or Is There Not A Housing Bubble? (Ottawa Business Journal)
Ottawa's real estate market is easing from the break-neck pace of 8 to 14 per cent annual price growth seen from 2001 to 2004. This slowdown, to around five per cent so far, may continue with the Bank of Canada's decision to raise interest rates to cool inflation in the western provinces.

'Bubble Economy ' Defies Gravity (Zawya)
An enterprising advertising agency ran a spoof advertorial a couple of years ago for a real estate project, "Dubai Bubble City". For many Dubai residents, used to world-beating projects, an architectural marvel suspended 200m above the ground did not sound implausible.

Regulator Snares Record Number Of Bankruptcy Fraud Cases (Australian Broadcasting Corporation)
Australia's personal bankruptcy regulator says a record number of offenders have been prosecuted under the Bankruptcy Act in the past financial year.

Lucas County Foreclosures Rates Rise (WTVG-TV Toledo)
There are more foreclosures than ever before in Lucas County, turning the American dream of home ownership into a nightmare. A lot of neighborhoods in Lucas County are loaded with "For Sale" signs and there has been a huge increase in the number of foreclosures in the county.

Bankruptcy Rorts Hit $20 Million (Perth Now)
AUSTRALIA'S insolvency agency has received a record 1104 complaints about people allegedly rorting the bankruptcy system, at a cost of $20.7 million.

RE: Amp'd Mobile Files For Bankruptcy Protection (Geek.com)
You’ve got to hate it when rapid growth forces you to file bankruptcy. At least that is the statement from Amp’d Mobile regarding the reason the company filed for Chapter 11 bankruptcy protection last week.

States Aim To Stem Tide Of Home Foreclosures With Funds For Refinancing (WallStreet Journal Via Yahoo! Finance)
A half-dozen states are setting up funds to help homeowners with high-risk subprime mortgages refinance to more-affordable loans as they aim to slow the quickening pace of home foreclosures.

Foreclosures Flood California Housing Market (NPR)
California now accounts for six of the nation's top 10 metro areas with the most foreclosures per household. As the state's once-sizzling housing markets freeze over, homeowners with adjustable-rate, subprime mortgages struggle to keep their finances afloat.

Everyone Is Entitled To A Stake In The Nation's Soil And Bricks (Money Observer)
Housing is dangerous politics. It may sound simple: just cool the overheated market, build more and give first-timers an affordable start. Who isn't in favour of that? But below the surface lurk a host of wicked issues. The interests of homeowners are often in direct conflict with would-be owners.

Bankruptcy Law A New Headache For Business (BizJournals)
A new law requires Hawaii businesses to give their employees 60 days notice if they plan to declare bankruptcy.

Regional Housing Experts Serve Up Shocking View Of The U.S. Housing Market (PRWeb)
Housing experts around the country share their views on local and national housing markets in a series of exclusive interviews. Topics include everything from home prices, sales, and new construction to foreclosures, mortgage lending, and proposed government bailouts. (PRWeb Jul 23, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/TWFnbi1TcXVhLVNpbmctU3F1YS1UaGlyLVplcm8=

Business Law Column: Bankruptcy Filings On The Increase (The Union)
This week: An examination of some recent bankruptcy news and trends.

Polly Toynbee: Everyone Is Entitled To A Stake In The Nation's Soil And Bricks (Guardian Unlimited)
Polly Toynbee: The government is taking the right steps towards changing the housing climate, whether homeowners like it or not.

Many 'try To Rort' Bankruptcy Laws (AAP Via Yahoo!7 News)
The federal government's insolvency agency has received a record 1,104 complaints about people allegedly rorting the bankruptcy system.

Harris County Home Foreclosures Level Off (Houston Chronicle)
The number of Harris County homes succumbing to foreclosure seems to be stabilizing, according to Foreclosure Information & Listing Service data. Though foreclosures in Harris County sold at auction in July totaled 885, down 6 percent from 938 during the same month last year, the numbers don't necessarily signal the start of a downward trend.

Regional Housing Experts Serve Up Shocking View Of The U.S. Housing Market (PRWeb Via Yahoo! News)
Housing experts around the country share their views on local and national housing markets in a series of exclusive interviews. Topics include everything from home prices, sales, and new construction to foreclosures, mortgage lending, and proposed government bailouts.

State Senate Set To Pass Mortgage Fraud Measure (Boston Globe)
THE REGION The Massachusetts Senate is expected today to pass legislation aimed at preventing foreclosures and mortgage fraud. The bill encompasses several proposals made earlier by legislators and Governor Deval L. Patrick including: Making mortgage fraud a felony; establishing procedures to avoid deceptive mortgage loan advertising; adding requirements for lenders and borrowers, including ...

Home Sales In Monroe County Continued To Slide In The First Half Of The Year, While Sales Of Foreclosures Rose. Making ... (Pocono Record)
Home sales in Monroe County continued to slide in the first half of 2007, while sales of foreclosures continued to rise. And making matters worse, it took longer to sell a home.

New Zealand Dollar May Drop On Housing, Standard Chartered Says (Bloomberg.com)
July 23 (Bloomberg) -- New Zealand's dollar, the best performing currency against the yen in the past year, may slide from a 21-year high as the nation's property market cools, according to Standard Chartered Bank.

Bankruptcy Lawyers Open Boutique Office For Debtors (BizJournals)
A prosperous bankruptcy market is not a distinction most cities want, so the advent of a new bankruptcy law office in Milwaukee may not come as welcome news -- at first.

Number Of Foreclosures In Area Jumps (The Durango Herald)
Number of foreclosures in area jumps

Smaller Western Towns Buck National Housing Slump (The Record Searchlight)
SALEM, Ore. -- Aside from being Oregon's capital city, Salem doesn't have much to boast about. Most downtown restaurants close by 7 p.m. and Lefty's -- the only cool bar in town, according to local college students -- is known for its karaoke fundraisers.

Mortgage Fraud: State Senate Proposes Protection (Berkshire Eagle)
BOSTON — Massachusetts would offer extra protection for homeowners close to losing their houses under legislation endorsed yesterday by Senate leaders, in the latest move to help people after a sharp rise in foreclosures in the state.

Shakur Estate Moves Against Songs' Sale (AP Via Yahoo! News)
Tupac Shakur's mother is seeking to prevent his former label, Death Row Records Inc., from selling the late rapper's unreleased recordings as part of a bankruptcy settlement.

ABC Language School Files For Bankruptcy (The Japan Times)
The operating company of ABC Language School, an Osaka-based English school that shut down its classrooms at the end of last month, filed Monday for bankruptcy, seeking court protection from... Read more ...

Housing Bubble And Real Estate Market Tracker (Seeking Alpha Via Yahoo! Finance)
A roundup of articles and data about the housing market.

Foreclosures: A Real Boom For Investors (Benton Evening News)
(ARA) - The climate is ripe for an increase in the number of American homes going into foreclosure. Interest rates are on the rise, mortgage payments are continuing to increase and home values are staying stagnant in some places and falling in others.

Property Hot In Three Capitals (The Australian)
MELBOURNE and Canberra were the standout performers in a mixed bag of capital city housing results for the June quarter.

Yukos Minority Shareholders To Get Funds Left Over After Bankruptcy (Interfax)
MOSCOW. July 23 (Interfax) - The minority shareholders of Yukos (RTS: YUKO) can expect to receive funds left over after the oil company's bankruptcy proceedings are completed.

Housing Market Problem Lingers (The Frederick News-Post)
Twenty-seven foreclosures are listed today in The Frederick News-Post. It's not the highest number -- one day this spring had 30 -- but it reveals that problems continue to simmer in the housing market.

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