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19 Feb 2021, 1:54 am
The statement is issued by The Big Issue Ride Out Recession Alliance, Crisis, Citizens Advice, Joseph Rowntree Foundation, Money Advice Trust, The Mortgage Works, National Residential Landlords Association, Nationwide Building Society, Propertymark, StepChange Debt Charity and Shelter and calls for: a targeted financial package to help renters pay off arrears, and a welfare system that provides renters with the security of knowing that they can afford their homes. [read post]
18 Feb 2021, 9:37 pm
BofA and its subsidiaries were alleged to have engaged in fraud with respect to the packaging, marketing, and issuance of residential mortgage backed securities (RMBS) and collateralized debt obligations (CDOs), as well as with respect to underwriting and originating mortgage loans. [read post]
18 Feb 2021, 8:12 am
In some cases, sellers may be looking to complete a short sale in which they will sell their home for less than the total amount owed on their mortgage. [read post]
15 Feb 2021, 8:05 pm
After its expiration, homeowners able to demonstrate financial hardship related to COVID-19 are eligible for 360 days of mortgage forbearance. [read post]
15 Feb 2021, 2:13 am
However, the cramdown clause may not be used by filers to decrease the mortgage of a residential home. [read post]
5 Feb 2021, 2:02 am
Chancellor urged to scrap draconian landlord taxes There is also the problem that more and more landlords are exiting the sector, as the mortgage interest relief changes, the scrapping of the ‘wear and tear’ allowance and the introduction of the 3% stamp duty surcharge have hit their profits over the past few of years. [read post]
29 Jan 2021, 6:46 am
This has caused some residential tenants to be unable to pay rent, which has also led to difficulties for many landlords, since they may not be able to make mortgage payments or cover other expenses. [read post]
15 Jan 2021, 1:45 am
It currently houses three multi-unit residential buildings with 23 individual apartments total and was approved for a Skyfall Ocean condominium with 15 units. [read post]
6 Jan 2021, 8:00 pm
And, if COVID related hardship demonstrations can be made, they will be protected from displacement until May 1, 2021.The law similarly prohibits residential foreclosure proceedings until May 1. [read post]
6 Jan 2021, 7:49 am
The law on mortgage defaults at this point is ragged, uncertain, and patchwork as to the ultimate path to curing mortgage defaults. [read post]
5 Jan 2021, 10:54 am
As you can see, the legal determination of applicability under the CARES Act is very complex, necessitates research of whether a mortgage is federally backed, and typically requires the assistance of an attorney. [read post]
31 Dec 2020, 8:54 am
Residential: After forbearances are over, based on current unemployment and economic data, people won’t be able to afford their mortgages, despite the fact of “COVID MODS” being offered. [read post]
30 Dec 2020, 6:36 am
Contact a Waukegan Residential Real Estate Attorney If you are planning to buy a home for the first time, Newland & Newland, LLP can make sure you properly address all legal issues during your transaction. [read post]
28 Dec 2020, 1:33 pm
Debtors may get a full -compliance discharge of dischargeable debts if they have a residential mortgage and have not made all the payments required by their plan. [read post]
28 Dec 2020, 1:08 pm
For a decade now, we have asked clients who closed on residential transactions to select one from our curated list of ten charitable organizations and upon doing so, we have directed $50 accordingly. [read post]
28 Dec 2020, 8:36 am
On December 16, the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the third quarter of 2020, which accounts for 27% of all residential mortgage debt outstanding in the United States. [read post]
22 Dec 2020, 7:08 pm
On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. [read post]
22 Dec 2020, 2:33 pm
Circumstances of contemporary daily interactions between men and women, warrants that the “opportunity” element of proof of adultery must be interpreted to mean more that mere “proximity,” but must instead necessarily mean “proximity plus. [read post]
17 Dec 2020, 7:54 am
Here is a look at the current RMBS (residential mortgage-backed securities)-related litigation landscape. [read post]
16 Dec 2020, 2:51 pm
The principal asset of the Trust was the Settlor's residential home in Sacramento (the home), which was transferred to the Trust. [read post]
