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A buyers market in Cedar Rapids residential real estate?
October 13, 2009
It might be a good time to get some deals on Cedar Rapids rental real estate. A federal bankruptcy judge has ordered the liquidation of 460 properties owned by Robert Miell, who awaits sentencing on tax, mail fraud and perjury charges arising out of phony insurance claims for storm losses. It looks like some banks will be making unwelcome additions to their real estate portfolios.
Link: Bankruptcy Court order converting case to Chapter 7 status.
Prior Tax Update Coverage:
They got Capone on tax charges. The Cedar Rapids Landlord, too.
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