The Property Tax Lien Scam: Homeowners Lose – Banks and Local Governments Win

oel Brinkerhoff and David Wallechinsky
All Gov
July 12, 2012

An often overlooked, but nonetheless important aspect of the foreclosure crisis has involved property tax lien foreclosures.

When a property owner falls behind on mortgage payments, local governments can impose a tax lien that, if not paid off, can result in foreclosure proceedings. In order to secure revenue, the governments sometimes sell the liens to private investors, who, in some instances are able to [...]

Vidal Sassoon dead

 

By Vidya Rao

Noted hairstylist Vidal Sassoon, known for creating the modern “bob,” has died at age 84.

At 10:30 a.m. Wednesday, police were dispatched to Sassoon’s Los Angeles home on Mulholland Drive, where he had died of apparent natural causes, LAPD spokesman Kevin Mailberger confirmed to NBC News.

The British style icon opened his first eponymous hair salon in 1954, and it grew into a worldwide chain with locations in New York and [...]

Ten facts you need to know about a huge opportunity in emerging markets

From The Reformed Broker:

Today, we have a very special treat — Nitin Rao is a blogger in the Indian markets, but he blogs in English at his brand new site Alpha Ideas. As regular readers know, I’m fascinated with the markets of emerging and frontier nations. As such, I’ve asked Nitin to write a guest post to reveal some not-so well-known facts on the Indian markets. This is great stuff. – [...]

As well as China, India economic growth slows to much lower levels than they have become used to over much of the last decade:

Manufacturing activity in India has slowed down in wake of the tightening monetary policy

India’s factory output grew at a weaker-than-expected rate in May as manufacturing activity slowed.

Industrial output grew by 5.6% in May compared with the same month last year, latest government data showed.

Manufacturing, which accounts for 80% of overall industrial output, also rose by 5.6% in May, compared with growth of 8.9% a year earlier.

The [...]

Developing: Officials ordered evacuations, declare State of Emergency due to massive wildfire in Onslow County, NC

Credit: Smitha Rao
CAMP LEJEUNE, N.C. – A fire on the base still burns this mo …

Credit: Smitha Rao
CAMP LEJEUNE, N.C. – A fire on the base still burns this mo …

Credit: Smitha Rao
Heavy smoke has caused big problems for people in Onslow County T …

Credit: Smitha Rao
CAMP LEJEUNE, N.C. – Nine On Your Side has learned that Dix …

Credit: Smitha Rao
CAMP LEJEUNE, N.C. – Nine On Your Side has learned [...]