| Humpty Dumpty sat on a wall!
It is the agreed-upon defence tactic and Messrs.Troy Gabb and Ralph Fonseca are its chief proponents. It goes like this: When the Peoples United Party (PUP) took over from the United Democratic Party (U.D.P.) in 1989 the economy was in such a slump that it took lots and lots of investment money to make it grow. The fertilizer of choice to grow the economy was money from the D.F.C. the Development Finance Corporation and the S.S.B., the Social Security Board, both of which had grown strong from during the U.D.P. years. But the rhetoric does not measure up to the facts. When the U.D.P. left office in 1998 the National Debt (a combination of the foreign and domestic debt) stood at Bze. $700 million. This year as the PUP prepare to leave office after nine years, the National Debt is more than Bze.
Property records at library, online
How do I research free information on the sales amount and description of houses in my Gentilly Woods neighborhood two years prior to Katrina? I need to get an idea if my Road Home appraisal was fair. What is the importance of the appraisal figure anyway?
You can research real estate data using a service called deedfax. This service is available online for a subscription fee at deed.fax.com. However, many public libraries in the area subscribe to deedfax and offer the service to their patrons for free. So check with your local library.
Another option is for you to use the free online property records database on the Orleans Parish Assessors Office Web site: www.opboa.org/Search/GenericSearch.aspx. This service only offers current real estate information. It does not contain data from prior years.
Mortgage solves seniors' cash problems
Are you or someone you know a senior citizen homeowner who is "house rich" but "cash poor?" If so, a reverse mortgage can solve the problem if the homeowner is at least 62, needs tax-free income with no monthly payments, and plans to stay in his or her house or condo at least five years. WHAT IS A REVERSE MORTGAGE? Just the opposite of an amortized mortgage, which requires the borrower to make monthly payments over 15 to 30 years, a reverse mortgage pays money to the borrower whenever needed and requires no repayment until the homeowner sells the home, moves out for longer than 12 months or dies. Purchase Bob Bruss reports online. When one of those events occurs, the reverse-mortgage principal and accrued interest "matures" and becomes payable in full.
FTC Says It Can't Crack Down On Lenders' Unsolicited Calls
When you apply for a mortgage and get a barrage of irritating and confusing phone calls from competing lenders before noon the next day, can you turn to the government for help?
The Federal Trade Commission issued its long-awaited answer to that question in mid-March, and it's already attracting criticism. The agency, which has regulatory oversight powers concerning consumer credit, says it lacks the legal authority to crack down on unwanted "trigger list" phone solicitations to consumers who have applied for mortgages within the preceding 12 to 24 hours.
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