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Thursday, October 23, 2008
Property Week News, UK -
The rise in popularity of apartment buildings has increased the risks for builders and developers as they cannot be phased in the way that a traditional family house development can be and Boleat suggested that some apartment blocks will become 'property horror stories'. Boleat ... -
Wednesday, October 22, 2008
Novato Advance, CA -
By Paul Jones With the mortgage market upset continuing, and real-estate prices near their lowest in years, one local market for housing is relatively stable. In fact, it’s even growing a little. That market, apartment renting, is relatively stable across the nation, ... -
Wednesday, October 22, 2008
Minnesota Daily, MN -
Each month apartment complexes have a mortgage to pay, and if a complex has fewer occupants, it will need to charge occupants more to meet the payment. Currently, Melrose is 97 percent full, and Wilde said 2009 is the best chance for the building ... -
Oct 21, 2008
New York Real Estate Journal Online, MA -
The loan was for $25 million. Richard Horowitz and Nicholas Barbato of Cooper-Horowitz represented the firm. * An apartment building located on 111 West 28th St. The loan was for $6.9 million. Richard Horowitz and George Stergiopoulos of Cooper-Horowitz represented the firm. ... -
Oct 21, 2008
AHN -
Tallahassee, FL (AHN) - Florida's housing market is far from recovery with both the foreclosure and delinquency rates in Central Florida increasing. Foreclosure rates among outstanding mortgage loans were 5.5 percent in August, nearly three-fold compared to the 1.5 percent ... -
Oct 20, 2008
Bizjournals.com, NC -
August foreclosure rates and mortgage delinquency in Central Florida were up in August, according to First American CoreLogic Inc. Foreclosure rates among ... -
Oct 22, 2008
FT Adviser, UK -
Repossessions could be avoided through more innovative deals between borrowers and lenders, according to one of Gordon Brown's former advisers on the mortgage market. ... -
Oct 22, 2008
ifaonline.co.uk, UK -
By John Bakie The move comes amid concerns lenders are not using possession as a last resort for struggling borrowers. The Prime Minister, Gordon Brown, told the House of Commons that lenders will need to show judges they have exhausted every other possibility to ... -
Wednesday, October 22, 2008
Easier (press release), UK -
The Government has announced new rules to help protect homeowners, who may be facing the threat of repossession. New court protocols will help make repossessions a last resort, and the Government is proposing that companies engaged in sale and rent back schemes, which ... -
Wednesday, October 22, 2008
Easier (press release), UK -
Commenting on the Prime Minister's attempt to ease repossession rates, Louise Cuming, head of mortgages at moneysupermarket.com, said: "While this is really ...
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Wednesday, October 22, 2008
Finance Markets, UK -
by Gill Montia Prime Minister Gordon Brown has today told parliament that county court judges will be receiving new guidance regarding actions brought by lenders to repossess homes. As Britain slips into recession, mortgage providers will have to demonstrate to ... -
Thursday, October 23, 2008
Residential Landlords Assoc., UK -
Prime Minister Gordon Brown’s government has turned to the United Kingdom’s judiciary, in order to convince judges to only permit repossessions of residential properties owned by landlords, or the private houses of homeowners when all other avenues have been exhausted. There ... -
Thursday, October 23, 2008
Property Week News, UK -
Gordon Brown promised that repossessions would be a last resort yesterday as new guidelines for settling mortgage arrears ahead of court action were issued by lenders and the judiciary. The guidelines will make no changes to the rights of most mortgage ... -
Thursday, October 23, 2008
Mirror.co.uk, UK -
In a major victory for the Daily Mirror's Safe As Houses campaign, new guidance is to be issued for judges to only grant repossession orders as a last resort. And banks must show they have offered homeowners mortgage holidays, interestonly deals or reduced payments. ... -
Thursday, October 23, 2008
The Move Channel, UK -
The Government has today announced new rules to protect homeowners who may be facing the threat of repossession - so we will soon see the introduction of new court protocols to help make repossessions a last resort... At the beginning ... -
Oct 20, 2008
Telegraph.co.uk, United Kingdom -
The number of homes in negative equity has climbed by more than a quarter of a million in the past four months. By Paul Farrow More than 250000 homes have ... -
Oct 22, 2008
BBC News, UK -
Guidance will be issued to judges in an attempt to ease repossession rates, Prime Minister Gordon Brown has said. Mr Brown told the Commons that lenders would have to demonstrate to the courts that they had exhausted every avenue. Charities have argued that ... -
Wednesday, October 22, 2008
Bloomberg -
By Mark Deen and Kitty Donaldson Oct. 22 (Bloomberg) -- Prime Minister Gordon Brown ordered judges to ensure that home repossessions are only made by banks as a last resort as a looming recession threatens an increase in U.K. mortgage defaults. ... -
Wednesday, October 22, 2008
AFP -
LONDON (AFP) — Prime Minister Gordon Brown on Wednesday announced new guidelines for courts, designed to help people who face having their homes repossessed during the global economic turmoil. Brown said in parliament that courts would be told to pause or stop ... -
Wednesday, October 22, 2008
Times Online, UK -
Gordon Brown admitted for the first time yesterday that the country was heading for a recession as ministers acted to reduce soaring property repossessions. ...
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