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Government officials have proposed austerity measures, weatherman calling for food riots with a chance of mayhem.
The new directive stops banks from giving mortgages with an LTV of more than 70%, with an exception for first-time buyers, who are allowed mortgages of up to 75% of the value of the apartment. Mortgage customers who buy an apartment for investment will be limited to 50% LTV.
The brownstone housing the Chabad Lubavitch of the Loop, Gold Coast and Lincoln Park was to have gone on the auction block Wednesday, but...
Mr. Stein (not his real name) saw his career hit a dead end three years ago when the market went sour. As a commercial real estate broker, he and his wife, Devora, then a student studying toward her degree in social work, knew something had to change quickly if they were to survive financially. Friends and family members had suggested they open their own business, but the Steins had no money to invest in the project. They had no credit and the money they borrowed from relatives went directly to day-to-day living. That’s when they contacted the Emergency Parnossa Initiative (EPI) and the OU Job Board and began the process of transforming their lives.
Batei arei chomah are structures (of at least six to eight square feet) in towns consisting of at least three courtyards with two buildings each, with a predominantly Jewish population – provided that such towns were surrounded by a wall in the time of Joshua even though they may no longer be surrounded by a wall at the time of the sale or buyback.
The guarantees will extend through September 2015, are worth $3.8 billion.