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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 29, 2000
Page
40
A land contract default during a Chapter 13 case can complicate reclaiming the property. A lender should seek relief from stay to pursue the buyer, file a proof of claim for past due payments, and expect repayment percentages varying by state law and court orders. Seek a creditors’ rights attorney and review contract terms.
Money market mutual funds show a week over week rise in seven day average yield to 5.99 percent from 5.94 percent with the 30 day average steady at 5.98. Compounded seven day yield climbs to 6.17 percent while 30 day remains at 6.16 percent as fund maturities stay around 50 days. BankRate online pegs accounts at 2.11 percent and intelligent Life checking at 0.81 percent. Retail fund assets drop to $1.003 trillion as of the latest week.
Knight Ridder examines the rise of smart cards from American Express and Visa, with Blue by American Express drawing 3 million users in one year. The chips offer vast data storage, online passwords, and convenience, but privacy concerns persist amid slow U.S. adoption and standardization efforts.
Financial experts say minors can contribute up to 2000 yearly to a Roth IRA from earned income. The account grows tax free, with records kept for unsubstantiated jobs. Parents act as custodian until majority, and institutions set minimums.
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