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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 13, 1985
Page
3
Iowa congressmen urge help for ailing federal Judge William Thinnes of Cedar Rapids after he logged 164 bankruptcy filings since January. The incident highlights strain on the judiciary, with Thinnes accounting for more filings than several larger jurisdictions combined.
Iowa Democratic Party Chairman David Nagle plans to ask the Central Committee to begin seeking a successor. Spokesman Barry Pratt says a timetable for resignation will be discussed, with Nagle having held the post since February 1982 and no date set.
The Veterans Administration pulled 190 of 570 Iowa properties including 39 Cedar Rapids homes off the market amid unclear auction plans. Officials say an auction is a possibility with no date yet set, while some buyers submitted offers before a Monday deadline. Prices range from 11000 to 92000 with a median of 35000, and officials expect inventories to shrink by July if markets improve.
The VA plans possible foreclosed property auctions while the FHA markets Cedar Rapids homes as ever bright. FHA holds 45 Cedar Rapids 47 Sioux City 61 Des Moines 58 Waterloo 18 Davenport 8 Dubuque 41 rest of state. Shelly notes four month turnover Cedar Rapids and four month holding, with 40-50 statewide monthly sales and seven months average. FHA favors quick sales even if prices drop and repairs are limited.
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