Comments on: Recent Developments in The Interstate Land Sales Full Disclosure Act: Jankus v. The Edge Investors http://lawandequity.com/2009/05/03/hello-world/ A review of real estate and intellectual property matters Mon, 02 Apr 2012 12:04:29 +0000 hourly 1 http://wordpress.com/ By: Mis sold Mortgage http://lawandequity.com/2009/05/03/hello-world/#comment-99 Sun, 22 Aug 2010 13:08:35 +0000 #comment-99 I agree with the previous comment, there are many factors which constitutes a mis-sold mortgage?Some of the points below may indicate whether a consumer has been mis-sold their mortgage;

Questioned to make sure the adviser knew all the facts about your application
Provided with a choice of mortgage products
Recommended a Self Certification Mortgage when employed or self employed
Told that you only qualified for a sub-prime loan
Advised the end date went past your retirement age
Offered Payment Protection Insurance on your mortgage or loan
Advised to apply to a particular lender for “speed”

]]> By: Mis sold Mortgage http://lawandequity.com/2009/05/03/hello-world/#comment-86 Mon, 12 Jul 2010 20:24:58 +0000 #comment-86 Thank you for your comment but I really think that the situation in the UK, especially at the time of your post, is nothing like that in the US. The President has deployed a different set of tactics to the British Govt.

If the Govt didn’t bail the banks out then we would have been left with many innocent people in a dreadful position of having literally no money through no fault of their own.

]]> By: Mis sold mortgage http://lawandequity.com/2009/05/03/hello-world/#comment-81 Fri, 11 Jun 2010 17:57:58 +0000 #comment-81 In answer to the above the the Financial Services Authority set aside a pot of money via the financial services compensation scheme for customers who were financially worse off following advice from a regualted entity.

However it is not as simple as it sounds. The customer must be able to demonstate they are worse off and the company who gave the advice must be in default.

The FSA has admited that it has failed with the regulation of the mortgage market and ordered a report know as the Mortgage Market Review (MMR), which is in fact more of the same regualtion that failed.

Mis sold mortgage claims are going to feature as part of our economic landscape for many years to come.

It is not just the mortgage companies that are to blame, but mortgage lenders, solicitors and in some cases the surveyors of the property.

I am aware that valuations of property are a big problem in the US and UK, with many figures being inaccurate.

]]> By: Mis Sold Subprime Mortgages http://lawandequity.com/2009/05/03/hello-world/#comment-64 Mon, 22 Feb 2010 16:54:36 +0000 #comment-64 Hi all.

I know this is a little off-topic but while I’m on a US website I thought I would just ask…

I wish to throw in a UK perspective to the whole mortgage mis selling debate. Recently it was announced that the Financial Services Authority had set aside a compensation pot which will compensate victims of mortgage mis selling.

Two points to raise here are as follows:

1) Why should the Government bail these people out when they have learnt the hard way.

2) Forgive my ignorance but how closely does this match what is currently happening in the US?

]]> By: Plaza Court, L.P., v. Baker-Chaput and O’Brien: Florida Adopts the Jankus Rationale on the Interstate Land Sales Act « The Law and Equity Report by Timothy Powers O’Neill http://lawandequity.com/2009/05/03/hello-world/#comment-6 Tue, 30 Jun 2009 01:17:19 +0000 #comment-6 [...] approaches taken by the Taylor v Holiday Isle Court versus the Jankus Court. That Post can be found here.  The Plaza Court opinion finds the reasoning in Jankus is “superior” to that of [...]

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