• 10

    Feb

    Preventive measures related to housing crisis of the nation - Help Refinancing

    The current housing crisis has become a number one concern as of late, especially with the recent legislative proposal from a majority of democratic interests. With Senator Harry Reid leading the way, Senate Democrats have recently announced a package of legislation - The Foreclosure Prevention Act of 2008 - with direct intention to address the daunting national housing crisis as to hopefully better position Americans to avoid the burden of going through foreclosure motions. The Foreclosure Prevention Act of 2008 The Foreclosure Prevention Act of 2008 is purposefully planned to target and assist families in the midst of this stark national housing crisis. This act is aiming to assist families facing foreclosure to stay in their homes, aid other families to avoid foreclosures in the futu
  • 7

    Feb

    Bad news related to Equity Release and Home Reversi by Demographics Alone

    Upon hearing the relentless bad press related to equity release and home reversion, combined with everybody seeming to discuss equity release very tentatively, I couldn’t help wondering whether all this stems from the demographics of those taking out equity release. On the one hand, suspect and pseudo-rogue ’sell house fast’ companies have been relatively ignored, swept under the rug if you may, and regarded as a less worthy cause of concern. On the other hand, equity release and home reversion are entirely regulated by the Financial Services Authority yet still carries a certain stigma. I then asked myself, what is the difference between the two? I came to the conclusion that the difference is the age specific targeting of equity release. Whilst anybody with a house can
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