Fire victims told by banks: You must still pay your mortgage

[ktlight]

FYI:

Britain's banking giants were slammed yesterday for refusing to help the innocent victims of the riots.

For many, the iconic image of the violence was the burning Carpetright building in Tottenham, North London, and the flats above the shop.

But it emerged yesterday that residents whose homes were gutted in the blaze are still being forced to pay their mortgage.

Speaking exclusively to the Daily Mail, the housing association's chief executive said he is 'livid' and 'appalled by' the banks' behaviour.

Bill Payne, 56, said: 'The country came to the assistance of the banks when the industry was collapsing. It does not leave a pleasant taste in the mouth that they won't come to our help now.

'I think their behaviour is hard-nosed, insensitive and immoral.'

source
http://www.dailymail.co.uk/news/article-2025083/Tottenham-riots-victims-told-banks-You-pay-mortgage.html

[phillipbbg]

Let them evict them then.................... and take back the VALUABLE property.... Greed in our society is out of control... they should basically suspend mortgage payments until the properties performing there function... meaning habitable.

Yet another case of killing the goose that lays the golden egg...

SHAME SHAME SHAME

[Ria]

My peace, love and forgiveness went out the window reading that. I hope they make a pointe of naming the banks

[crosby]

ba$tard$. if their homes are gone, let the feckers take them. what they can tell the banksters is this: "we believe that you've received all the money that you're going to from the bail-outs, and from the public in other rights, you will not receive another dime from us". stand up and fight them. tell them to get lost........grrrrr argh....... this just totally pisses me off.
regards, corson

[Tane Mahuta]

This is what I'm doing....

I've lost a home(rental investment) in the Christchurch Earthquakes.

the house is in an un inhabitable state. Due to the fact that the tenants

have got nowhere to go or stay, they asked if they could remain in the house.
(for humanitarian reasons we let them stay there)

In the meantime we still incurr all the costs of ownership, ie Mortgage,
insurance, utilities etc etc.

We are refusing to pay any expenses...period!! Until the home is repaired

& is liveable

The Banks are in the process of recovery......I say take it!

TM

[Lord Sidious]

This is what I'm doing....

I've lost a home(rental investment) in the Christchurch Earthquakes.

the house is in an un inhabitable state. Due to the fact that the tenants

have got nowhere to go or stay, they asked if they could remain in the house.
(for humanitarian reasons we let them stay there)

In the meantime we still incurr all the costs of ownership, ie Mortgage,
insurance, utilities etc etc.

We are refusing to pay any expenses...period!! Until the home is repaired

& is liveable

The Banks are in the process of recovery......I say take it!

TM

Are there any exclusion clauses in your mortgage/insurance contracts that preclude an act of god/Force majeure?

[Marsila]

wow i bet the devil himself is worried about all the competition banks and bankers are giving him these days

[Tane Mahuta]

Are there any exclusion clauses in your mortgage/insurance contracts that preclude an act of god/Force majeure?

No....because I've allowed the tenants to remain in the home. And because the tenants are paying a lessor rent, it's
not enough to cover the mortgage. Also not elligable for rent insurance due to the fact of the tenants being in the
home.

TM

Turfing the tenants out on the street is not within me!

[Lord Sidious]

Are there any exclusion clauses in your mortgage/insurance contracts that preclude an act of god/Force majeure?

No....because I've allowed the tenants to remain in the home. And because the tenants are paying a lessor rent, it's
not enough to cover the mortgage. Also not elligable for rent insurance due to the fact of the tenants being in the
home.

TM

Turfing the tenants out on the street is not within me!

Can you not claim on your insurance for the damage then?

[GCS1103]

This is what I'm doing....

I've lost a home(rental investment) in the Christchurch Earthquakes.

the house is in an un inhabitable state. Due to the fact that the tenants

have got nowhere to go or stay, they asked if they could remain in the house.
(for humanitarian reasons we let them stay there)

In the meantime we still incurr all the costs of ownership, ie Mortgage,
insurance, utilities etc etc.

We are refusing to pay any expenses...period!! Until the home is repaired

& is liveable

The Banks are in the process of recovery......I say take it!

TM

Are there any exclusion clauses in your mortgage/insurance contracts that preclude an act of god/Force majeure?

Spoken like a true lawyer, Lord Sid.;)

[Tane Mahuta]

Can you not claim on your insurance for the damage then?

Yes, I have put in a claim, probably gonna take some time for it to be processed.

TM

[Lord Sidious]

Can you not claim on your insurance for the damage then?

Yes, I have put in a claim, probably gonna take some time for it to be processed.

TM

If you want to speed things up, tell them you will hold them liable for all and any losses you suffer through their delays.
Negligence can't be contracted out of.