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Power of Sale Applications Rise under Amended Strata Law

September 14, 2014
Sandra Watson, General Manager of the Real Estate Board.-FILE Sandra Watson, General Manager of the Real Estate Board.-FILE Real Estate Board and Strata Commission Sandra Watson is pointing to an uptick in applications for the forced sale of residential units since the start of the year, under the new powers granted to strata executives. Amendments...
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New Home Mortgages Rise As Dollar Declines

September 12, 2014
Local real estate experts are noting a rise in new residential construction as the local currency weakens against the United States dollar, but say there is a pass-through effect on the size of mortgages sought by prospective homebuyers. The observation is in sync with data produced at mid-year by the Planning Institute of Jamaica which indicates...
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Residential Market Down But Not Out

September 7, 2014
   Industry sources say that the sharp decline in mortgage volume seen in the June quarter, as reported by the Planning Institute of Jamaica (PIOJ), is unlikely to persist. But, they add that stagnant economic conditions may be curtailing debt-financed home purchases. On August 19, PlOJ reported declines in the number of housing starts - down 46.6...
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May 30, 2014
  Off You Go To Mexico Published: Friday | May 30, 20140 Comments   Mexican Ambassador Gerardo Lozano Arrendondo (left) and JNBS Mortgage Sales Executive Tiffany Gordon (centre) present Carlene Sinclair with the grand prize. 1 2 3 > Jody-Anne Lawrence, Lifestyle Reporter The Jamaica National (JN) Building...
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Poca – Effective April 1, 2014

May 2, 2014
NEW orders under the Proceeds of Crime Act (POCA) covering financial transactions by nonfinancial businesses and professionals will become effective April 1, 2014. Orders affecting real estate dealers, casino and gaming machine operators and public accountants will come into effect on April 1, while that affecting attorneys-at-law becomes effective...
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