Lake Charles evacuees determined to have minor damage to homes asked to leave hotels

Many Lake Charles evacuees showed up to the Morial Convention Center on Monday morning in New Orleans after they said they received letters from the Red Cross telling them they had to leave their hotels. Several evacuees say they have nowhere to go because their homes were destroyed by Hurricane Laura. Some of the evacuees said they have to leave as early as Tuesday. For more than a month, many evacuees have been living at hotels in New Orleans paid for by the Federal Emergency Management Agency, managed by the state and run by Red Cross. “I received a text message saying I need to be out of the hotel by the 20th which is tomorrow, I have nowhere to go,” said Morria Boyington from Westlake, Louisiana. “I have the info from my landlord saying the house is completely destroyed. Me and my kids have nowhere to go. Nowhere to … Read More

J.C. Penney asked to have the weekend to complete details of it bankruptcy exit and sale

J.C. Penney told the bankruptcy court Friday that it will miss its deadline to file documents that outline its reorganization and sale and it expects to make the disclosures on Monday.



a group of people standing in front of a store: Shoppers enter the former Collin Creek Mall J.C. Penney store in Plano. It permanently closed last weekend as part of Plano-based Penney's bankruptcy reorganization to close of 144 of its 846 stores. Two other stores, in Dallas and Lewisville, also closed last week. Penney still operates 15 stores in North Texas. The Collin Creek property is being redeveloped into a mixed-use project.


© Tom Fox/Staff Photographer/The Dallas Morning News/TNS
Shoppers enter the former Collin Creek Mall J.C. Penney store in Plano. It permanently closed last weekend as part of Plano-based Penney’s bankruptcy reorganization to close of 144 of its 846 stores. Two other stores, in Dallas and Lewisville, also closed last week. Penney still operates 15 stores in North Texas. The Collin Creek property is being redeveloped into a mixed-use project.

A hearing is scheduled for Tuesday and negotiations that have been underway for months are expected to be completed by then, according to the motion filed to extend the deadline to Monday.

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What’s still being hammered mounts to millions of dollars of payout to various first lien secured

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10 Frequently Asked Questions About California Real Estate Property Taxes

We only own property inasmuch as we can pay the legal taxes applied to it. Here are the ten most common questions you should know the answers to if you own property or plan to someday own property.

1. How is Property Tax Computed in California? Annual property taxes will usually be from 1% to 1.25% of the sales price of the home at purchase.

2. Can Property Taxes Go Up Annually? Unfortunately, the answer is yes. In California the maximum tax hike on property is 2% of the previous rate.

3. When Do I Have to Pay Property Taxes? Property taxes are paid twice a year. One is billed in February and is due by April 10 at the latest; the other is billed in November and is due at the latest by December 10

4. What Happens to the Tax I've Already Paid this Year if I Sell … Read More