VOL. 122 | NO. 194 | Friday, October 12, 2007
No one is immune as local foreclosures rise - and rise
Tamara Mitchell-Ford - the ex-wife of former state Sen. John Ford - dodged a foreclosure sale of her two-story East Memphis home this week the same way scores of cash-strapped debtors do in Memphis. She filed for bankruptcy protection.
It's not often that a 4,500-acre property gets treated to an extensive makeover, but Shelby Farms is on the verge of having a new look, a new feel and a new vibe.
For Alex Garvin, an urban planner heavily involved in the transformation of Shelby Farms, his career all started with one book: "The Death and Life of Great American Cities," by Jane Jacobs.
RALEIGH, N.C. (AP) - North Carolina Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.
In another hit to the beleaguered homebuilding industry, Paragon National Bank has filed a flurry of foreclosures against local builder and developer Mark Matthews Development LLC.