Hello, Bay City: Big DoubleTree investment leaves bigger questions after foreclosure

Hello, Bay City: Big DoubleTree investment leaves bigger questions after foreclosure

Bay City Manager Dana Muscott was spot on in a recent press release. She noted the DoubleTree Hotel in downtown “positions Bay City to be a destination that’s attractive to residents, entrepreneurs and visitors.” But that doesn’t mean difficult questions looming in the wake of the 20-year operation’s abrupt foreclosure and subsequent change of ownership don’t deserve answering.

Foreclosure Wave Hits U.S. As Cost-Of-Living Crisis Squeezes Homeowners

This article was originally published by Ramon Tomey at Natural News.  Foreclosure filings rose sharply in Q1 2025 – up 11 percent quarterly – with March alone seeing 35,890 filings. This reverses three straight quarters of decline, signaling renewed financial distress among homeowners. High mortgage rates (above 6.5 percent) and inflation are squeezing homeowners, especially those with variable-rate loans. Refinancing is unaffordable for many…

Although highly educated people have, on average, higher incomes than the rest of the population, they have twice as much debt in foreclosure as other debtors.

Location in the 1st and 2nd attic above ground floor and 1st floor. Access via stairs; no lift. Lt. useful opinion: entrance hall, kitchen-living room, bathroom, terrace, cellar compartment. A room was separated from the kitchen by the installation of an intermediate wall (not shown in the plan). Central heating and hot water supply. Average to good condition. Vadium: 24.100,00 EUR Minimum bid: 178.340,00 EUR