Housing is a Civil Right

Housing is a Civil Right

Tuesday, February 11, 2014

Mortgage Movies and Financial Revival Group Present: Underwater and Foreclosure Webinar #1. 6:30 PST


Webinar Link: http://conta.cc/1e7rxTB

You will learn:

1.  What created the small rise in the housing market.

2.  The 7 questions you need to answer before you do anything.

3.  What are the resources you need to create your strategy.



Webinar link.
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2 comments:

  1. Ohh this looks like it should be great. It should be fantastic for those who want to do a mortgage refinance yet fear doing so because they are underwater. You do great stuff. I see you use constant contact as well.

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  2. Under 12 U.S.C. § 29(First), a national bank may invest in real estate that is necessary for the transaction of its business. Twelve C.F.R. § 7.1000(a)(2)(i) provides that this real estate includes “[p]remises that are owned and occupied (or to be occupied, if under construction) by the bank …” (emphasis added). Section 7.1000(a)(3) further provides that national banks may acquire and hold such real estate by means of a leasehold estate. Comptroller of the Currency

    BANKS CAN EXTEND "CREDIT" ONLY TO MEMBER BANK SECURED BY STOCKS OR BONDS
    TITLE 12 - BANKS AND BANKING
    CHAPTER 11 - FEDERAL HOME LOAN BANKS
    -HEAD-
    Sec. 1422. Definitions
    -STATUTE-
    (4) The term ''member'' means any institution which has subscribed for the stock of a Federal Home Loan Bank.
    (5) The term ''home mortgage loan'' means a loan made by a *member upon the security of a home mortgage.
    (6) The term ''home mortgage'' means a mortgage upon real estate, in fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable or (2) under a
    lease having a period of not less than fifty years to run from the date the mortgage was executed, upon which is located, or which comprises or includes, one or more homes or other dwelling
    units, all of which may be defined by the Board and shall include, in addition to first mortgages, such classes of first liens as are commonly given to secure advances on real estate by
    institutions authorized under this chapter to become members, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
    (8) An ''amortized'' or ''installment'' home mortgage loan shall, for the purposes of this chapter, be a home mortgage loan to be repaid or liquidated in not less than eight years by means
    of regular weekly, monthly, or quarterly payments made directly in reduction of the debt or upon stock or shares pledged as collateral for the repayment of such loan.

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