Local Developer Responds to Sale Contracts for Homes
The Winchester Star revisits the Our Town column on sale contracts used to finance homes after criticism that the piece was slanted. It notes eviction actions for a defaulting family and includes new information supplied to present a fairer recap of the episode.
MENTIONED IN THIS ARTICLE
Star
Our Town
Legally Frail Installment Home Sale Highlighted in 1976 Study
The Virginia Housing Study Commission notes risks in contract sales of improved residential property and urges legislation to record such contracts. It cites a December 1973 purchase where a family paid 5950 down on a 49950 home with 370 monthly payments at 9.5 percent for 30 years and a forfeiture clause.
MENTIONED IN THIS ARTICLE
Virginia Housing Study Commission
Governor
General Assembly
Pone
Inchester
Area Bank
Rt. 11
Berkeley County
Martinsburg
W. Va
Small Check Sparks NBC Expense Dispute in New Jersey
Assemblyman Richard Codey questions a 10 732 80 payment from NBC after a December 1976 New York appearance ends with a second "small" check. The report weaves property eviction and equity disputes involving a developer and a New Jersey family, with late payments and a court fight underway.
MENTIONED IN THIS ARTICLE
Orange
N.J
New Jersey
Richard Codey
NBC
New York
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the Mutual Fire Insurance Company of
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