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Thursday, April 18, 2013

the Country's in the Very Best of Hands: Foreclosure Settlement...

... Tuesday, some of the first people to receive payouts under the $9.2 billion deal between federal regulators and the mortgage industry called into a government hotline to report that their bank would not cash their check." Problem fixed now, but as ...

http://pjmedia.com/instapundit/167305/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+instapundit%2Fpodcast+%28Instapundit+Podcast%29

Over valuation claim against lender dropped

... on the value and anticipated rent return of the property in Cobham, Surrey. Mr Scullion had applied for a A 283,000 mortgage against the A 353,000 purchase price, which the valuation agreed with. The valuer's report also indicated an expected rent ...

http://www.landlordzone.co.uk/blog/news/over-valuation-claim-against-lender-dropped

Fewer underwater mortgages could mean highest prices since boom years

From the April issue: Home equity is back! And it's growing fast: According to the latest data from the Federal Reserve, Americans' net equity holdings in their homes jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011.

http://therealdeal.com/blog/2013/04/18/fewer-underwater-mortgages-could-mean-highest-prices-since-boom-years/

Personal insolvency guide launched

... at the end of which they will still be no debt write off bonanza and borrowers will still have to pay off the mortgage, though this will be limited to the value of one's house with only negative equity forgiven. There will be a number of strict ...

http://www.businessworld.ie/livenews.htm?a=3055515

Personal Insolvency: No debt let-off

... levels of disposable income, and then recommencing one's life at the end of this period still encumbered with a mortgage, however the mortgage will be limited to the value of one's home. All that will be forgiven is the negative equity in a mortgage ...

http://www.businessworld.ie/livenews.htm?a=3055483

Homebuying surge continues, reports say

Two new reports suggest the hot residential real estate market continues to surge nationally. And one local mortgage company says the trend is the same in Sacramento. Two new reports suggest the hot residential real estate market continues to surge ...

http://www.bizjournals.com/sacramento/news/2013/04/18/homebuying-surge-continues-reports-say.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_10+%28Venture+Capital+Industry+News%29

Spain approves new eviction law

- Spain's parliament has approved a new mortgage law it hopes will calm a national outcry over the dramatic increase in evictions in recent years but anti-eviction lobbyists said the law was insufficient. The bill was approved Thursday on the ...

http://www.ledger-enquirer.com/2013/04/18/2469168/spain-approves-new-eviction-law.html#storylink=rss