News Alerts, Sept. 3, 2013, Morning Edition, 5 New Articles, Real Estate +, Don't Miss Them

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  1. Big banks paying U.S. for mortgage mess – Aug. 29, 2013

    By James O'Toole. August 29, 2013: 7:03 AM ET

    NEW YORK (CNNMoney) Regulators at the Federal Housing Finance Agency are on the verge of scoring some of the government's biggest victories against Wall Street banks since the financial crisis.

    The agency is poised to recover billions of dollars from banks accused of misrepresenting risky mortgage securities sold to Fannie Mae and Freddie Mac. Among those in the crosshairs is JPMorgan Chase (JPM, Fortune 500), from which the FHFA is seeking at least $6 billion, according to several reports this week.

    JPMorgan CEO Jamie Dimon has previously complained about government lawsuits over Bear Stearns, saying the acquisition was a "favor" to the Federal Reserve.

    Most people would say that Jamie Dimon should have thought about that before doing the favor.

    It seemed that everything was being handled in a careless manner.

    Where was the government's indemnification of Chase concerning Bear Stearns? How could Chase's attorneys have allowed Jamie Dimon to take Bear Stearns with no due diligence? The firm was in deep financial trouble.

    Now it's costing Chase billions off the bottom line.

    Read the source article … http://money.cnn.com/2013/08/29/investin g/banks-mortgage-settlement/index.html


  2. How Australia weathered the global financial crisis while Europe failed | David Alexander | Comment is free | theguardian.com

    Australia hit the 2008 crisis in rude financial health: debt-free, growing strongly with significant assets and running surplus budgets. It is these robust foundations, along with very favourable terms of trade, which guaranteed that Australia would survive the crisis in very good shape.

    Read the source article … http://www.theguardian.com/commentisfree  /2013/aug/28/australia-global-economic- crisis


  3. New Census Numbers Show Recession's Effect on Families – NYTimes.com

    This type of information and tracking the changes can help with planning real-estate investments to meet the needs of these different types of households.

    By SAM ROBERTS. Published: August 27, 2013

    The portion of American households made up of married couples with children under 18 fell to 20 percent from 40 percent from 1970 to 2012, the Census Bureau said Tuesday as it detailed other fundamental changes in family life.

    The share of people living alone, meanwhile, rose 10 percentage points, to 27 percent. …

    Read the source article … http://www.nytimes.com/2013/08/28/us/new -census-numbers-show-recessions-effect-o n-families.html


  4. Can a Landlord Require You to Have Renters Insurance? | Renter Resources

    We brought up this subject in our post "News Alerts, Aug. 29, 2013, Evening Edition, 3 New Articles, Real Estate +, Don't Miss Them." So, even though this is a link to an older article, we thought you'd appreciate our follow-up.

    April 18th, 2013 | Posted by Sarah Katz in Landlord & Lease Issues

    Making the move into a new apartment can get expensive. Between coming up with first and last months rent, extra deposits and utility hook up charges, it all can be quite a chunk of change. And now, there's a good chance your prospective landlord could require one more charge onto the list. Renters insurance.

    Sarah gives a number of good reasons but doesn't address the law for each state, which leads us to believe (without doing exhaustive research) that it can be legally required in every state in the US.

    If you need or wish to discuss renters insurance as a tenant or landlord, please give us a call at Hill & Usher, of which PropertyPak™ is a division: 1•800•956•4220. Tell them their PropertyPak™ division sent you.

    Read the source article … http://renters.apartments.com/landlords- leases/can-a-landlord-require-you-to-hav e-renter-s-insurance/


  5. Can a Landlord Force Tenants to Have Renter's Insurance? | Fox Business Can a Landlord Force Tenants to Have Renter's Insurance? | Fox Business

    As we mentioned in our last link, we brought up this subject in our post "News Alerts, Aug. 29, 2013, Evening Edition, 3 New Articles, Real Estate +, Don't Miss Them." So, even though this too is a link to an older article, we still thought you'd appreciate the extra coverage of the topic.

    By Leonard Baron / Published December 28, 2012 / Zillow

    More and more landlords these days are requiring renters to have a renter's insurance policy in place during their tenancy. There are a lot of benefits to both the landlord and the renter as a result of the tenant having a policy. And renter's policies are inexpensive — about $125-$175 per year — and give a renter decent coverage for the cost.

    Can insurance be mandatory?

    Insurance is a contractual issue between you and the owner of the property. If you have an existing lease that doesn't require it, then you don't have to carry it.

    But when your lease is up for renewal, the owner can require it as a term of your new lease or any lease extension.

    As also mentioned before, if you need or wish to discuss renters insurance as a tenant or landlord, please give us a call at Hill & Usher, of which PropertyPak™ is a division: 1•800•956•4220. Tell them their PropertyPak™ division sent you.

    Read the source article … http://www.foxbusiness.com/personal-fina nce/2012/12/28/can-landlord-force-tenant s-to-have-renters-insurance/


If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

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