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Nairaland Forum / Nairaland / General / Politics / Fashola Signs Mortgage Bill Into Law (4153 Views)
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Fashola Signs Mortgage Bill Into Law by DisGuy: 5:54am On Aug 24, 2010 |
By Olasunkanmi Akoni vanguard This should be interesting |
Re: Fashola Signs Mortgage Bill Into Law by dare0834(m): 12:24pm On Aug 24, 2010 |
I simply can't wait for the modalities to be sorted out and be available in the public domain |
Re: Fashola Signs Mortgage Bill Into Law by fyneguy: 1:07pm On Aug 24, 2010 |
Finally, finally Brethren . . . |
Re: Fashola Signs Mortgage Bill Into Law by GBT(m): 1:22pm On Aug 24, 2010 |
Are we there yet? |
Re: Fashola Signs Mortgage Bill Into Law by TeskyMan(m): 1:59pm On Aug 24, 2010 |
something like that, we are getting very very close, FASHOLA as i have always said is a BOMB!!!, Saboteur should back out. |
Re: Fashola Signs Mortgage Bill Into Law by Tolulop001(f): 2:26pm On Aug 24, 2010 |
G.B.T: NOPE! in other countries all u need is an idea, and if pursued ardently, will be birthed as a reality, in Nigeria, dreams and ideas are nothing give me implementation, then we can talk |
Re: Fashola Signs Mortgage Bill Into Law by 5p1naz(m): 2:43pm On Aug 24, 2010 |
Tolulop001: negativity has a big mansion in your heart, i wonder how many mansions are left to be mortgage to more negativity in your heart. . . can u just hope for the best for once? ? ?hope builds a life. . . it builds a nation. . . |
Re: Fashola Signs Mortgage Bill Into Law by realkola: 3:44pm On Aug 24, 2010 |
Everyone dream to live in their own home but buying a home is not possible for everyone. Buying a home needs money and arrangement of money to buy a home is not possible for everyone. There may be many reasons behind the inability of many people to arrange fund for buying a house such as bad credit, low income and non acceptance of loan application by the bank. If you cannot arrange fund to buy a home of your choice then tomorrow cost of the same home may be more than what it is today so if you wish to own a home then you should find a way today to secure your home. A lease purchase agreement is a good solution for all those people who wish to own a home but do not have enough money to buy a home. The concept of lease purchase deals is, reserve your home now and pay later. It is a type of contract between the seller and the buyer in which the seller allows the buyer to live in his home for a fixed period of time and for fixed option fee. Fixed period of time may vary from 1 year to 3 years and fixed option fee may vary from 2.5% to 7% of the total cost of home. Fixed option fee may be negotiated at the agreement. The option fee that the buyer pays to the seller is considered as the down payment towards the final purchase price of the home. Option fee is also mentioned in the contract. According to a lease purchase agreement, the buyer is also required to buy the house at the time of contract expiry. You will not get your money back if you do not purchase the house you are living in because the down payment is always non refundable in lease purchase deals whether you plan to buy the house at the time of contract expiry or look for any other better choice. If the buyer has insufficient fund at the time of contract expiry to buy the house then the lease period can also be extended if the seller also agrees with it. Leasing is better than renting. If you want to buy a house very close to the bus stop located in ketu,and is stand alone on a plot land.with good road, and at a very good price contact : 08037717482 : Mr Olatunde |
Re: Fashola Signs Mortgage Bill Into Law by Pame(m): 4:29pm On Aug 24, 2010 |
I think we should appreciate good things for once. Everyone knows the kind of ordeal associated with getting/buying a home in Lagos. This man called Fashola is a phenomenon! I dont live in Lag presently, neither am i related in anyway to him. No governor in the whole country has done what Fashola has done in less than four years of his administration considering Lagos state for that matter. I think the guy has surpassed any governor in rating. He has a lot up-stares to offer Lagosians and the whole country as it were. He has set a pace for others to follow. CAN WE ALL GARNER SUPPORT FOR THE EVER-WORKING GOVERNOR! |
Re: Fashola Signs Mortgage Bill Into Law by tainot2002(m): 4:38pm On Aug 24, 2010 |
FASHOLA IS NO DOUBT OUSTANDING GOVERNOR EVER AND HIS HANDIWORK WE NEVER BE FORGETTING IN THE HISTORY OF LAGOS STATE.THAT SHOULD BE A LESSON TO OTHERS WHO CLAMED TO DO BLABLABLA AT THEIR CAMPAIGN WHEN THEY GET TO THE SIT, IT IS DIFFERENT BALL GAME. MAY GOD HELP US IN THIS COUNTRY |
Re: Fashola Signs Mortgage Bill Into Law by eros(m): 5:36pm On Aug 24, 2010 |
[size=15pt][font=Viner Hand ITC Unicode]I pray this works out as planned. Long live RAJI FASHOLA[/font][/size] |
Re: Fashola Signs Mortgage Bill Into Law by sjeezy8: 5:45pm On Aug 24, 2010 |
Fashola for the top position or second in 2015 |
Re: Fashola Signs Mortgage Bill Into Law by hackney(m): 6:54pm On Aug 24, 2010 |
Fashola should run for presindency in that dump. he seems to know how to achieve aims while other numskulls are constantly over-whelmed. Someone like him can set out and sort out electricity once and for all in that trash can. Kudos to him. |
Re: Fashola Signs Mortgage Bill Into Law by salimorte(f): 6:58pm On Aug 24, 2010 |
Implementation! that has always been our problem, don't you agree? if another govt. comes into power then what? |
Re: Fashola Signs Mortgage Bill Into Law by buzugee(m): 7:21pm On Aug 24, 2010 |
hackney:you live in hackney yet you call lagos a trash can ? thats rich mate. |
Re: Fashola Signs Mortgage Bill Into Law by funkybaby(f): 7:51pm On Aug 24, 2010 |
hmmmmmm. . . . *****fingers crossed*** |
Re: Fashola Signs Mortgage Bill Into Law by safariman(m): 8:01pm On Aug 24, 2010 |
If one's ability to obtain a mortage and realise his/her dream of home ownership without resulting to have all the cash at once, may curb corruption |
Re: Fashola Signs Mortgage Bill Into Law by buzugee(m): 8:05pm On Aug 24, 2010 |
not tryna piss in yalls 'celebratory parade' but this can never work out in nigeria. this is like running before you can walk. ok first off the citizenry of lagos is not computerized yet. we do not have a central computer with every citizens name in it. and in the case of nigeria, each name has to be validated by fingerprints. once this is in place then you can now talk about mortgage. this is just asking for fraudulent people to take advantage of it. ok scenario 1, i get a house on mortgage. lets say the house is 50 million naira and i put 10 percent down, which is 5 million. seeing as the system is not central and computerized, i can now go to oluwole and make 10 titles for that house and then sell the house to ten people and then make my escape . we gotta crawl before we walk. we are not ready for this yet. lets get all the citizenry of nigeria in a central computer first |
Re: Fashola Signs Mortgage Bill Into Law by safariman(m): 8:23pm On Aug 24, 2010 |
@buzugee I agree with you on the computerization of citizens, but title to real estate properties nowadays are getting recorded in the land records on a daily basis |
Re: Fashola Signs Mortgage Bill Into Law by buzugee(m): 8:35pm On Aug 24, 2010 |
safariman:so you think titles are not duplicated ? let me tell you how indians used to eat in britain (a computerized country) before the british got wise and covered all the loopholes. the indians will get a mortgage, duplicate the titles like 5 times. then take each title to abbey national, natwest, barclays, lloyds and midland bank for loans against the property. they get loans totalling a million pounds or more then they run off it is a very doable scam, especially in nigeria, only in the case of nigeria, you sell the house to 5 'mugus' |
Re: Fashola Signs Mortgage Bill Into Law by safariman(m): 8:48pm On Aug 24, 2010 |
^^^^^ Fraud is everywhere whether computerized or not, it is just easier to minimize when computerized. And it is a step in the right direction to try, but to say it can never work in Nigeria, I think it can. I am also happy that Nigeria as a whole is computerizing the passport system with the e-passport |
Re: Fashola Signs Mortgage Bill Into Law by safariman(m): 8:50pm On Aug 24, 2010 |
I live 6 months out of the year in DC with all the computerization, do you know that more than $50million was siphoned off from the govt through property tax fraud. We (the City) is now suing the banks, that they should have known when their money was dwindling. |
Re: Fashola Signs Mortgage Bill Into Law by 080Nigeria(m): 9:03pm On Aug 24, 2010 |
How come we get to hear good news from Lagos and bad, no- very bad- news from a three letter state close by? One is building up, the other is tearing down. One is working hard, the other is collecting chieftaincy titles, Could that be the difference between education and illiteracy? |
Re: Fashola Signs Mortgage Bill Into Law by buzugee(m): 9:03pm On Aug 24, 2010 |
safariman:well i agree with you in that it is a step in the right direction but i see catastrophe in the offing. like i said, you need to crawl before you walk. the computerized system aside, we do not have a credit system in nigeria. its like this, if you do not have a computerized system and a credit system you can never have a mortgage system. what you can have is a loan sharking system where you have henchmen who go knocking from door to door and beating up people who have not paid their mortgage and throwing them out. this is most likely going to be the naija mortage system. run by area boys |
Re: Fashola Signs Mortgage Bill Into Law by honeric01(m): 10:38pm On Aug 24, 2010 |
I cant wait to hear more about this development, owing your own house in Lagos is a dream come through ([size=2pt]i don't want a house in Lekki, Ajah, VI oo, i heard that place might not last 20yrs before they're overtaken by the ocean [/size]) |
Re: Fashola Signs Mortgage Bill Into Law by erico2k2(m): 10:38pm On Aug 24, 2010 |
I quite agree with these last poster,We aint there yet for Mortgage,we live in a society where you get to your late or early 30 before you could secure a good JOb in NIgeria now of what good is a Mortgage to one at that age? |
Re: Fashola Signs Mortgage Bill Into Law by erico2k2(m): 10:43pm On Aug 24, 2010 |
@honeric01 Sorry to ask oh,are you more than 35 yrs Old?cos Mortgage maybe judged by howmuch you got left to work before retirement,if you are a salary worker and also howmuch your depositm is. |
Re: Fashola Signs Mortgage Bill Into Law by honeric01(m): 11:30pm On Aug 24, 2010 |
erico2k2: Do i have to be 30 years before i can apply for mortgage? and do i have to be an employed worker before i can apply? what if i am an entrepreneur? I can as well buy from another person if that be the case. |
Re: Fashola Signs Mortgage Bill Into Law by krazynaija(m): 12:12am On Aug 25, 2010 |
5p1naz: Thats not being negetive, its being realistic. and saying no to blind hope. What was said is true and you know it. Being nagetive or positive doesnt change anything. Only actions by the government does. |
Re: Fashola Signs Mortgage Bill Into Law by SuperT(m): 12:27am On Aug 25, 2010 |
Let all support this man for second term. He still have a lot to offer Lagosian. On this matter God will use him for many to get house in Lagos. |
Re: Fashola Signs Mortgage Bill Into Law by honeric01(m): 12:28am On Aug 25, 2010 |
krazynaija: This is no blind hope, it has been passed into law and Lagos state is not a state that would pass a bill and not execute it. |
Re: Fashola Signs Mortgage Bill Into Law by switosman(m): 10:17am On Aug 25, 2010 |
honeric01:Seconded, pple shld learn to appluad baby steps when u see them taken. its a great effort to put forward the ist step. fashola had taken some steps before & he made them work, many state now copy him. see this work also. |
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