Homeowner warns others to buy carefully
A homeowner’s woes have prompted her to offer good advice to others, says Dr. Don Taylor.
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Mortgages and Loans help
A homeowner’s woes have prompted her to offer good advice to others, says Dr. Don Taylor.
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Published by Jon Land for 24dash.com in Housing Friday 30th May 2008 – 1:04pm The annual rate of house price growth fell for the eighth successive month during April, official figures showed today.
An unemployed real estate agent in Madrid, Spain, couldn’t afford his mortgage payments and couldn’t sell his half-a-million-dollar apartment, so he’s raffling it off. The proceeds from the 64,000 tickets at about $10 dollars each will pay off his mortgage. On his Web site, he writes, “For 5 euros, you can win a flat, and I’ll be able to sleep again.”
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Two men and a woman are facing federal charges of selling cocaine, crack and marijuana and using the proceeds to commit mortgage fraud.
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Washington | For people about to lose their homes to foreclosure, the advertisements are like a lifeline: “WE BUY HOUSES FOR CA$H,” or “Refinance Your Mortgage! And Receive a 7 Day Vacation.”
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Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study.
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The European Central Bank celebrates its 10th birthday Monday with its reputation burnished by a steadfast stance on interest rates and quick action to supply banks with cash during the credit crisis over mortgage-backed securities.
But the ECB now faces some of its biggest challenges as the euro economy faces an uncertain outlook this year. A recent economic boom appears to be trickling away and inflation usually low in euro nations has surged to recent record highs.
By refusing to slash interest rates, the bank and its president, Jean-Claude Trichet, have steered a different course from that chosen by the U.S. Federal Reserve and the Bank of England, following its mandate from the Maastricht Treaty, which paved the way for the single euro currency and the bank itself.
ASSOCIATED PRESS A mortgage-industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month.
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MALONE —The sluggish economy and less construction have lowered the semi-annual payments that Franklin County communities receive from mortgage-tax transactions.
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