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Hennepin County, Minnesota foreclosed on her condominium, sold it for $40,000, and kept all of the money. [ 1 ] [ 2 ] Tyler sued the county, arguing that the $25,000 surplus home equity value was property that the county took away from her in violation of the Fifth Amendment and Eighth Amendment.
The updated forecast was $1.5 billion more than the whopping $7.7 billion surplus that Minnesota Management and Budget projected in December Already-huge Minnesota budget surplus grows to $9.25 ...
Minnesota lawmakers will have more money available this year than previously expected as officials on Thursday projected a $3.7 billion state budget surplus. That's an increase of $1.3 billion ...
As part of Colorado’s Taxpayer’s Bill of Rights (TABOR), the state is set to send out more stimulus checks in 2025, thanks to Colorado’s current $1.5 billion fiscal surplus. Colorado ...
The two agencies closed 1,043 banks that held $519 billion in assets. The total cost of taxpayers by the end of 1999 was $123.8 billion with an additional $29.1 billion of losses imposed onto the thrift industry. [2] Starting in 1979 and through the early 1980s, the Federal Reserve sharply increased interest rates in an effort to reduce ...
House in Salinas, California under foreclosure, following the bursting of the U.S. real estate bubble. The 30-year mortgage rates increased by more than a half a percentage point to 6.74 percent during May–June 2007, [ 78 ] affecting borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified ...
Dec. 7—The state of Minnesota will head into 2022 with a record $7.7 billion projected budget surplus for the current two-year budget cycle, state finance officials announced Tuesday. The eye ...
One 2017 NBER study argued that real estate investors (i.e., those owning 2+ homes) were more to blame for the crisis than subprime borrowers: "The rise in mortgage defaults during the crisis was concentrated in the middle of the credit score distribution, and mostly attributable to real estate investors" and that "credit growth between 2001 ...