Free Republic

LOUISVILLE, Ky. — A judge recently placed a Louisville skyscraper in a receivership after its owners defaulted on a $28 million loan, according to new court documents. A lawsuit was filed in June by lender Wilmington Trust National Association in Jefferson County Circuit Court, and accused the owners of the Meidinger Tower of failing to make a monthly payment of $142,204.82 last November. The plaintiffs also claim the owners have not made a payment in any subsequent month.

Does anyone know how Medicaid handles the disposal of property they have retained against medical bills by a deceased person? I have been trying to buy some property from a gentleman who ended up in a nursing home with Medicaid coverage. His widow said she had to sign papers and was not allowed to sell or even rent the property.

RED BUD When the repo man showed up, “Baby” lost her ride. The little Pomeranian dog loved to curl up on 82-year-old Stanford Kipping’s lap when he and his wife Patty, 70, went for a drive. But in recent months a sharp increase in the cost of prescription medicine and other bills were more than a match for the couple’s fixed incomes. With several $95 a month car payments left unpaid on their 1998 Buick, the repo man, Jim Ford of Belleville, stopped his tow truck in front of their house. Ford, 41, ought to have turned into a cynical,...

LOGAN, W.Va. (WSAZ) -- A woman is trying to put her life back together after returning home to an empty house. Nikki Bailey got home from visiting her best friend in the hospital just in time to see the repossession company leaving. “I was ready to rip out an IV and leave that hospital,” Pat Fot, Bailey’s best friend, said. Fot knows Bailey makes her house payments. “Everything was gone,” Bailey said. “Living room furniture, my Marshall diploma, my high school diploma, my pictures -- my history. I was teacher of the year. All of that stuff is gone --...

Detective Robert Kole must ensure residents have moved out of their repossessed home, Cleveland

As shelter is the largest single expense for most people, the ongoing "Financiapocalpyse" could see more people trading that Tudor for a four-door. As your guides through this challenging time, we've identified ten cars you'd be happy to call home until your 401k is worth more than the postage used to send you those depressing reports. These rides are comfortable, affordable and most importantly, you can probably sleep in it. With car sales dwindling, now may be the best time to invest those dwindling funds in a home on wheels. More at: http://jalopnik.com/5066062/ten-cars-you-can-live-in-after-your-home-is-repossessed

AURORA, Ill. - A repossession crew got a surprise when a 4-year-old boy leaped out of the sport-utility vehicle they were towing away. Fashawn Parker, of Naperville, was sitting in the back seat of a Ford Excursion that was parked outside of a house on Thursday when the repo crew approached, hooked the car to a tow truck and began driving away, Aurora police spokesman Dan Ferrelli said. Fashawn opened the door and jumped out into a construction area, Ferrelli said. It was not known how fast the truck was going, Ferrelli said, but the truck was moving in slow...

SPRINGVILLE, Utah (AP) - The cemetery headstone for a teenager who died in a car wreck was repossessed after a $750 bill went unpaid. "That's just business," said Linda Anderson of Memorial Art Monument. "If we give every stone to everybody, we'd be out of business. They'd repossess your car if you didn't make payments." Brady Conger, 17, and two friends died when their car smashed into a sport utility vehicle a year ago Thursday. Memorial Art said bills sent to one address were returned, and the business couldn't reach Brady's mother, who apparently had agreed last year to pay...