Mortgage

It has become a major concern that low and moderate –income senior citizens are opting to sell their properties for they cannot afford the rising property taxes in gentrifying neighborhood. In light of this discussion of displacement due to gentrification, we urge local governments to increase funding for existing senior home repair programs and prioritize those in neighborhoods experiencing gentrification. To add, an alternative option would be to provide tax breaks for senior homeowners when…

If you are moving somewhere, you are probably going to have to make the decision to rent or buy. It can be a hard decision to make, but it’s important that you make it. There is lot’s of pros and cons for each option. I will go over them now. Let’s start with the pros of renting. When you rent, you aren’t committed to pay it for a long time. so if you change your mind about where you want to live, you can do that. It also can be cheaper, as the rent is usually cheaper than an owned house. Also…

Depending on micro factors such as age, family, career, and stage of life, a person may find renting to be more appropriate than owning a house. As age, family size, career, and stage of life progresses and ascends, there is a higher possibility that the individual may find owning a house more suitable than renting. Nevertheless, even when the previous factors ascend, macro factors can intervene, and buying a house can turn into an impossibility or a longer term project. To diminish risk,…

The means by which a litigant may challenge a foreclosure become increasingly limited after a sale has occurred. Indeed, “[a]fter [a foreclosure] sale, the borrower is ordinarily limited to raising procedural irregularities in the conduct of the sale.” Thomas v. Nadel, 427 Md. 441, 442-43 (2012) (holding that a trial court may sustain “exceptions to the foreclosure sale on the ground that the deed of trust securing the consolidation loan was invalid.”). Procedural irregularities that may be…

Kaitlyn Herbrandson Professor Brandon Davis HIST-112 21 February 2016 The Jungle Book Review Sinclair, Upton. The Jungle. Cambridge, MA: R. Bentley, 1971. Print. In the book The Jungle, Upton Sinclair demonstrates his viewpoints on how the industrial movement impacted culture, politics, and businesses in general, as well as becoming a voice for the workingmen of America. The book follows an immigrant named Jurgis and his new wife Ona, who came to America from Lithuania, on a journey starting…

Foreclosure “victims”? People can be victims of fires and floods. I think it is a stretch to call someone a victim of a foreclosure. When people face a crisis, they usually want to be warriors as opposed to victims. They are better served by empowerment as opposed to pity. Boomerang seems like a fun nickname though. I would stick with Boomerang Buyers. It has that double B as well as the root word BOOM. All foreclosures are not the same. Some deals were so bad that nothing would have…

Homeowners tend to go into foreclosure because they sometimes owe more than what they are able to sell their homes for, and in turn cannot repay their mortgages. As Marissa Weiss, author of “Attack of the Zombie Properties” explains, the title owner often assumes that the beginning of a foreclosure process signals that the lender, often the bank, is assuming responsibility for the property and that they…

Warren Thatcher’s Build a container Home Unleashes the secrets of Building Container Homes Have you ever considered building a home using a shipping container? Or have you ever weighed the options available to you if you want to build an affordable home in record time? Well, you may want to learn about Warren Thatcher’s Build a container home. Warren Thatcher’s Build a Container Home, is a DIY comprehensive guide for building a container home from scratch. His guide touches on the cheapest and…

After the Real Estate and Mortgage Meltdown several years ago, many buyers who were affected by the economy have “boomeranged” back into the market that brought our country to a meltdown. Boomerang buyers are victims of foreclosure who are re-entering the real-estate market. In 1998, banks were allowed to “gamble”; they were giving out a large amount of loans and didn’t help when low interest rates fueled the apparent boom of the economy. The derivatives were not regulated and like almost…

Rent control as discussed in most introductory economics textbooks causes a rent freeze, with perhaps occasional upward adjustments which somewhat compensates for inflation. In North America, rent control was first applied during World War II, because the housing markets in many cities were overwhelmed as soldiers and their families were relocated. The policy’s goal was to ensure affordable housing and to prevent profiteering by landlords who may take advantage of the extreme market pressures…