We are still feeling the effects of the housing collapse in 2007-2008. While a lot of new housing is going up, it's targeted towards those who have the means to afford the higher prices - whether it's a house or an apartment.
Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts
Saturday, August 26, 2017
Wednesday, July 29, 2009
Be Careful of What You Ask For
... or in this case what you legislate.
Did you know if you default on your mortgage and the bank has to take a loss because of the fallen value of the property, you can be held liable for the difference? Yes, it's the law in Arizona.
Well, because of the fallen housing prices, the spikes in foreclosures and unemployment have left quite a few people in a very vulnerable position.
Now, the twit who came up with the legislation is asking for it to be repealed. Apparently he's got some constituents who are not too happy with the law, especially if they are being hurt by it.
Here's the link:
Arizona Senator calls for repeal of his foreclosure bill
Did you know if you default on your mortgage and the bank has to take a loss because of the fallen value of the property, you can be held liable for the difference? Yes, it's the law in Arizona.
Well, because of the fallen housing prices, the spikes in foreclosures and unemployment have left quite a few people in a very vulnerable position.
Now, the twit who came up with the legislation is asking for it to be repealed. Apparently he's got some constituents who are not too happy with the law, especially if they are being hurt by it.
Here's the link:
Arizona Senator calls for repeal of his foreclosure bill
Subscribe to:
Posts (Atom)