Home Savings of America Mortgage

Ireland’s Home Mortgage Crisis: No Debt Relief. The Destruction of Savings and Pensions

We are living in a society where the combination of fractional-reserve banking (lending out multiples of deposits) helped along by quantitative easing (printing almost unlimited quantities of money) based on fiat currencies (money without intrinsic value) has created exponential growth for the world’s financial elites. This led to unprecedented bubbles in the property market as banks made it easy for people to borrow more money than they would have been allowed in the past when a conservative banker guideline for a home buyer was to have a two to two and a half times mortgage-to-salary ratio.

In contrast to these methods for almost unlimited sources of (false) wealth conjured up by financial elites, workers (borrowers) have only one source – wages – which are going into decline due to government cutbacks and increased taxes. Yet despite this obvious anomaly, whereby the banks get bailouts with even more money, borrowers are expected to pay back, and in full, under threat of repossession, every single cent of the flawed money lent to them to pay exorbitant house prices inflated by excessive lending in the first place.

According to, Director, Irish Mortgage Holders Organisation:

‘The Irish mortgages crisis, now into its sixth year, is still raging beyond any control of the authorities. Per latest figures from the Central Bank of Ireland, 186, 785 mortgages (including BTL) in Ireland are at risk (in arrears, restructured or in repossession), accounting for an unprecedented 25.3% of all mortgage accounts still outstanding.’

Hall goes on to state that ‘with some 650, 000-750, 000 estimated people residing in the households with the principal residence in mortgages difficulties, we are witnessing a wholesale destruction of savings, pensions and wealth of several generations of Irish people.’

As if that wasn’t bad enough the government is introducing property charges from 1st July. Media discussion of these issues revolve around valuations of properties and not around the huge amounts of tax already paid to the government when the houses were purchased or the fairness of such a tax on properties which were bought during the bank-inflated boom, delusionally misnamed yet commonly known as the ‘Celtic Tiger’.


Только у нас купить лодку у нас на сайте.

Two States Sue Bank of America Over Mortgages

2010-12-18 08:07:09 by sdb38

The attorneys general of Arizona and Nevada on Friday filed a lawsuit against Bank of America, accusing it of engaging in “widespread fraud” by misleading customers with “false promises” about their eligibility for modifications on their home mortgages.
In withering complaints filed in state courts in both states, the attorneys general accused Bank of America of assuring customers that they would not be foreclosed upon while they were seeking loan modifications, only to proceed with foreclosures anyway; of falsely telling customers that they must be in default to obtain a modification; of promising that the modifications would be made permanent if they...


Bank of America Easing Short Sale Policy, Pt 1

2009-05-19 17:05:05 by EricAZ

Hopeful news for short sale sellers & Buyers.
-----------------------------
Bank of America said it has eased a policy related to short sales to facilitate more of them, instead of letting properties simply slip into foreclosure, according to a report in American Banker.
Previously, the bank required that 10 percent of the proceeds from a property’s selling price go towards paying off an associated home equity line of credit or other second mortgage.
But BofA spokesman Terry Francisco said the policy changed last month, as the bank now accepts five percent of the sales price when there is no equity available to holders of first or second liens

Anybody remember: America's Home ownership

2008-09-25 18:36:00 by gimmabreak

Challenge?
President Bush's Policies Promoting the Ownership Society
Expanding Homeownership.
The President believes that homeownership is the cornerstone of America's vibrant communities and benefits individual families by building stability and long-term financial security. In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities

You might also like:

Home Savings of America Ad Complete
Home Savings of America Ad Complete
Home Savings of America (1991)‪
Home Savings of America (1991)‪

Exhibit A: Reality TV footage becomes a legal tool with tax collectors and in ..  — Contra Costa Times
With families such as the Kardashians and those on the "Real Housewives" shows opening up their homes in cities across the country, lawyers to the stars see reality television crews as a weapon that can be used against their clients. O'Neal's ..

With court ruling, clergy housing allowances come in for intense scrutiny  — La Crosse Tribune
Congress has offered this tax break to all clergy members — ministers, rabbis, imams — for decades, a perk that collectively lessens their tax burden by about $700 million annually, according to a recent congressional estimate.

Temporary unempolyment benefits expire Saturday  — Canton Repository
"I've got one more paycheck coming," he said. "That impact (of losing it) will be severe. Whatever cable package we have will now go down to the basic cable. .. there'll be no computer on in the house. ..

Related posts:

  • Avatar Taylor How do you calculate a mortgage plan in excel given the following details?
    Sep 06, 2013 by Taylor | Posted in Software

    Monthly mortgage payment assuming a $250, loan, 30-year repayment schedule, and a 6% interest rate. Determine your “net” payment taking into account the Federal income tax deduction for home mortgage interest , assuming that you are in the 25% tax bracket. Show all 360 months running horizontally, across the top of the page, from left to right, with line labels in the left hand column. Include lines for monthly beginning balance, total monthly payment, monthly principal payment, monthly interest payment, monthly tax deduction value, net monthly payment (net of actual payment less monthly tax deduction …

    • See the above link . You download the same and use it according to your needs. it is a template, that you could download and install. Once installed, you can use it by opening this and supply your data. I hope it helps. There are plenty of templates microsoft supplies. See them also if it suits you