A recent foreclosure proceeding against former NFL player Terrell Owens illustrates that, in this time of recession, asset forfeiture has begun to affect higher-end homes in Tennessee and nationwide. The former NFL wide receiver last played for the Dallas Cowboys in...
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Asset Forfeiture
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Mortgage companies step up enforcement efforts
According to a foreclosure listing firm, the number of U.S. homes entering first-time foreclosure proceedings in Tennessee and nationwide increased on an annual basis for the second month in a row. Lenders initiated foreclosure proceedings on 12% of loans behind in...
Famed movie poster seized in chapter 7 liquidation
It's not uncommon, particularly in this economy, for Tennesseans to have trouble making ends meet, even those who were previously wealthy or collected a lot of assets. Sometimes it becomes necessary for consumers to forfeit assets to pay off debts. A man who is a...