Word: foreclosees
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But as oil dropped from $32 a barrel to $9, the Texas economy went dry -- and just about everything that Connally and Barnes touched turned bad. Their $14 million, 14-story office building in Houston, 80% vacant, was foreclosed on and sold at auction. A swanky housing development, Triple Crown...
And even if the taxes the Pudding owed weregreater than the clubhouse's worth, the earliestthe city could foreclose would on the buildingwould be a year from now, Cyr said.
Sac City's reluctant Scrooge is Arnold Thomas, 32, who heads the local office of the Farmers Home Administration. He has the unpleasant duty, as the agent of the Federal Government's lender of last resort, to foreclose on farmers who cannot keep up their debt payments. After a two...
A report released last month by the House Government Operations Committee criticizes programs that do not provide adequate child care for participants. Said the study: "The lack of safe and affordable child care can foreclose the possibility of employment, training, education and even opportunity to job hunt." Moreover, say critics...
Rural banks have long been respected and profitable cornerstones of small farming towns. Now, however, many of the lenders have become both unwilling villains and victims in the grim drama unfolding in the American farm belt. Caught between their sympathy for the farmers' plight and their own fight for survival...