Archive for March, 2009

Tax and Mortgage frozen for emergencies in Abruzzo

March 25th, 2009

Foremost among these measures, there is the immediate demolition of buildings sunk, and the allocation of a sum equal to Euros for the Civil Defense for the real emergency of the earthquake zones. In order to execute wing reconstruction “that will be made promptly,” as announced by Prime Minister Silvio Berlusconi, the government gives free rein to the mayors, and groups with the aim of detecting dickens public buildings and private “either totally or partially unusable by demolished because no longer recoverable, which will be funded by the demolition of Civil Defense.

Layoffs for those who had self-employment and suspension of tax obligations for individuals and legal persons. And a freeze of loans and credits, as has already happened with the earthquakes of 1990 in Sicily, in 1997, Umbria and Molise in 2002.

And from April 5, the decree provides for the freezing up to 31 December, the period of limitation, revocation, as mandatory, legal and conventional, substantive and procedural security; suspended all tax obligations, the timing for implementing the processes, notification of verbal, performance and payment, administrative and judicial appeals.

Fraissola also urged banks to consider putting not to levy fees on transfers and all other forms of financing in support of the citizens of Abruzzo. Ubi Bank has welcomed the initiative of Fraissola.

Just help those who have chosen the variable rate and finds himself in crisis?

March 17th, 2009

In this article from the site BankNoise defines the possibility to sustain their mortgage against default risk.
Rightly insurance should be taken before the default risk is real or even already has not paid one installment.
But the author of the article presents the problem of demand and fairness in helping those with adjustable-rate mortgages have been supported by the state for nonpayment of installment.

Is it fair to help those who are not insured or has made a loan at a fixed rate on his own (but they paid less), while others have had to pay a higher price to get the same guarantees?

In my opinion the answer is both sides.
It is wrong because economically speaking in the lending market certainly creates such an imbalance is not indifferent between customers who have made different choices when purchasing and could push more people not to worry too much about the insolvency of payments.

It is right ethically speaking, because you cannot leave thousands if not millions of people without a home, on the brink of bankruptcy. The protection of the population by a state must always be present. Who, wishing to go into that well, we can easily understand how the economic consequences of an operation by lax state goalkeeper tragic repercussions throughout the market.

The example is that American who fail leaving many lending institutions and not adequately monitoring the financial market has created a system that its failure has created a crisis that has spread worldwide.

Lazio in support of Borrowers

March 6th, 2009

ISEE families with incomes up to 25 thousand Euros, whose components have sparked a mortgage and have lost their jobs, have access to the solidarity fund allocated by the Lazio region for a period not exceeding 18 months.

With this measure we try to compensate for the situations of economic distress of those who signed mortgages and mortgage with the banks for the purchase, construction or recovery of so-called ‘first home’.

Allocated 10 million annually until 2011, the Fund may intervene either by the suspension of depreciation as the mortgage payments for a period not exceeding 18 months, or by encouraging the renegotiation of the loan itself.

The commissioner House, Mario Di Carlo said: “In this moment of crisis, we must be close to those who face major problems because the conjunction of what was, until recently, the ease of access to loans and excessive the close today in danger of throwing dozens of panicked families. To whom we have difficulty with this measure, 18 months of breath. “

The commissioner for Budget Luigi Nieri said: “We chose to intervene directly on income, thereby supporting the efforts of many families and many people who suddenly find themselves in difficulties. It is one of many initiatives that the Lazio Region is deploying to help the weakest members of society. “