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The big college payback, French exchange student opens wine store and 3 properties bought from foreclosure

From Business Today:


Right about now, recent college graduates are staring down a mountain of debt and looking at years of student loan payments. In today's MoneySmart section, experts explain why it's important to make payments on time and offer tips on how to start making payments without digging yourself further into the hole.



A former French exchange student has returned to his host country to set up shop. Jean-Noel Schilling, who is from France's Alsace region, will open Wine Pocket in the Village of Lancaster. Wine pocket will be a cafe and wine store. Schilling already opened Pocket Cafe in June. Wine Pocket will sell only French wines.


Three properties once owned by the bankrupt Frederiksen Development LLC and Charlie Frederiksen, a downtown Buffalo real estate investor and developer, sold through foreclosure. The properties, 415 and 466 Franklin and 1131 Delaware, were acquired for $173,195, $169,898 and $225,000, respectively. The buyers were three separate entities named after each address.

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