Monthly Archives: March 2011

Borders to close another Kansas City store

As mentioned in a previous post, as of March 14th, Borders only planned on closing 1 of the 5 Kansas City area stores. On March 18th, they announced that they would be closing the store at 9108 Metcalf Ave. in … Continue reading

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Tax Relief

Normally if a borrower is foreclosed upon or a loan is modified due to a possible foreclosure, that reduction in debt is considered income and is taxable. Thanks to the Mortgage Forgiveness Act of 2007, that income is not taxable. … Continue reading

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Borders to close 20-75 additional stores

Mike Edwards, Borders President, announced that it is exploring closing 75 additional stores. Depending on the success of negotiations with landlords, the number may be closer to 20 to 25 closings. They intend to announce the details in early April. … Continue reading

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