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Mortgage News for Sunday - February 1, 2004

More Mortgage News
• Don't let mortgage fear derail a dream
• Metropolitan Mortgage faces bankruptcy; believed file this week
• Seven steps to help alleviate some financial burdens
• Missouri Taxpayers Should File Early for Refunds, Officials Suggests
• Coalition seeks to halt BofA, Fleet deal
• AdBank value highlighted
• RBA set to hike rates
• Clean up mortgage endowment mess
• A mortgage refinancing boom goes bust?
• Five steps to mortgage bliss
• Suit accuses firms inflated value of mobile homes
• I can't keep up with my condo fees
• Mortgage endowment mis-selling scandal is ‘vastly underestimated’
• Mortgage scam feeds off forgery
• Small bank has ambitious plans for future growth
• Habitat candles on sale to help families with housing
• Plan ahead, because interest rates may go up at any time
• Australian Building Approvals Probably Dropped 1.8%: BN Survey
• Investor confidence climbs with rising house prices, sharemarket
• Increase in deductions may assist married couples
Mortgage News
Suit accuses firms inflated value of mobile homes - 2004-02-01
More than 400 area residents have launched a multimillion-dollar lawsuit against two local businessmen for allegedly conning them into purchasing homes for up to twice their actual value.

The plaintiffs, represented by Conroe attorney Bill Piper, allege Raybon and Lipar devised and implemented a scheme to steal millions of dollars from national mortgage lenders with the help of local title companies, mortgage brokers, insurance agents and real estate appraisers.
Read the full story at The Courier Online
 
I can't keep up with my condo fees - 2004-02-01
Q: My family and I are residing in a condominium unit. Owing to financial difficulties, I have trouble servicing my mortgage loan, let alone paying the maintenance fee for the apartment.

I am a couple of months behind in terms of payment. Can we be thrown from our apartment by the management corporation?
Read the full story at Straits Times
 






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