Federal Relief for Home Owners

U.S. Government Printing Office, 1933 - 8 pages

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Page 1 - To provide emergency relief with respect to home mortgage indebtedness, to refinance home mortgages, to extend relief to the owners of homes occupied by them and who are unable to amortize their debt elsewhere, to amend the Federal Home Loan Bank Act, to increase the market for obligations of the United States and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That this Act may be cited as the " Home Owners
Page 8 - Appraisers are instructed to give equal weight to (1) the market value at the time of appraisal; (2) the cost of a similar lot at the time of the appraisal, plus the .reproduction cost of the building, less depreciation; and (3) the value of the premises...
Page 4 - ... them as their homesteads, although temporarily not occupied by the owner, of a value not exceeding $20,000. No clear line is drawn between farm homes and city homes, but typical farm loans should be handled by the Federal Land Banks. Homes will be eligible, although incidentally the premises may be employed for some other use, such as gardening or a small business, but no home built for more than four families is eligible. The bill is primarily for the refunding of mortgages and uot for the liquidation...
Page 11 - The counties of Amelia, Appomattox, Brunswick, Buckingham, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Elizabeth City, Essex, Fluvanna, Gloucester, Goochland, Greensville, Hanover, Henrico, Isle of Wight, James City, King and Queen, King George, King William, Lancaster, Louisa, Lunenburg, Mathews, Middlesex, Nansemond, New Kent, Norfolk, Northumberland, Nottoway, Powhatan, Prince Edward, Prince, George, Princess Anne, Richmond, Stafford, Southampton, Spotsylvania...
Page 7 - Now, I do not think that I need comment upon every paragraph of this bill, because the administrative parts of it I think have been carefully examined, and I do not believe there can be any objection to that. That is the process that this bill provides for during the first three years after the passage of the act; that is, voluntary applications from two or more railways that desire to merge their properties, or unify, consolidate in any form their properties, and with...

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