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VOL. 122 | NO. 194 | Friday, October 12, 2007

A Great Equalizer

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.

Shelby Farms To Be Reinvigorated Under Master Plan

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.

World-Renowned Urban Planner Sees 21st Century Potential in Shelby Farms

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.

Local Weather
Currently
Memphis, TN
78.0°F
A Few Clouds
Wind: South at 3.5 mph
Humidity: 76%

EVENTS

The Alliance for Nonprofit Excellence will hold a "Communicating for Change" workshop today from 9 a.m. to 1 p.m. at The Assisi Foundation of Memphis Inc., 515 Erin Drive. Admission is $75 for Alliance members, $65 for participants in the Alliance's Program for Nonprofit Excellence and $115 for nonmembers. For additional information, contact April DeBerry at 684-6605 or adeberry@npexcellence.org.

more events »

N.C. Treasurer Seeks SEC Probe Of Countrywide CEO Stock Trade

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.

13 Foreclosures Filed Against Mark Matthews Development

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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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