This brings the bank directors and officers Financial institutions in a comfortable situation. After it has privatised record profits in the years of robust economic growth, losses are imposed on the German taxpayer. The banks thus receive the status of a power or water supplier. The good is essential for living expenses such as water and electricity money which they provide. A moral danger (also known as moral hazard), which was already cause results in the Asian financial crisis in 1997. If a financial institution knows that it is not bust, may be it will be sooner or later again ready to take increased risks. Due to low capital adequacy and the weakened balance sheets, as well as the recession a current moral hazard not danger currently of course. But what happens when the economy recovers? The problem lies within the financial sector and was cemented by the Federal Government.

Often, even the same bank directors and internal structures are available, which have brought the banks in trouble and triggered the intervention of the Federal Government. A new beginning by a Insolvency has been ruled out. The price for this: The financial system has been weakened sustainably. Bankruptcies of economic agents are part of a market economy. Be taken over by healthy economic agents the recoverable assets or business units.

For non-recyclable parts of the company, there is no place in the competition. In the German financial sector have been allowed there not come a such new start and the result will be in the long term at best average results. In the long term, the financial system has been weakened by the Federal Government. The moral hazard problem has been raised and we will fight it with more regulation. Do you need really more regulation or only a more effective regulation? The Government justifies its bank bailout at IKB and Hypo Real Estate by the specter of so-called systemic risk. That is, the cost of the bailout of Hypo Real estate are lower than cost of insolvency, which could bring more banks in distress and would jeopardize the financial system itself. About a You can discuss such a risk when a large German money House from the the private pillar of the banking sector with significant customer deposits would face insolvency. Learn more on the subject from Darcy Stacom. But not at a special bank Hypo Real Estate, which is not funded by customer deposits and much of their losses as a result of poor risk management has accumulated. It is as if you put a student who has only sixes in the testimony, in the next class. Or in other words: the social market economy can score goals only with the left foot. Christian Tubben

Global real estate AG (GRE AG) GRE senior systems currently offers over its subsidiary and residential GmbH Munich – the global real estate AG (GRE AG) currently offers a high-quality listed Wilhelminian style villa in Leipzig GRE senior facilities and residential GmbH through its subsidiary. The property is located in the Dove way in Leipzig and is particularly attractive thanks to its immediate location to Leipzig’s city centre. It to reach the Centre within less than 15 minutes. Shopping and stopping points of public transport are in the immediate vicinity. 10 attractive condominiums should undergo high-quality in the object. The excellent quality of construction of a building can be compared at proper remediation not with the construction of a new building. Just listed real estate offers a much higher lifetime in solid and high-quality facilities. This is the special value.

Frank Andre Audilet, as Director of global real estate AG: in the coming decades is a ongoing conservation real estate value growth can be expected. Due to the demand for comfortable housing also higher rents are feasible than is the case in General, for example, when a new building.” An additional benefit of the project offered by the GRE is the common usability of the Green behind the House. “Close to city and still in the green”, describes this property very well, explained the Audilet GRE real estate specialist. The object in the path of the Dove is one of many real estate global real estate AG has implemented in recent years. The professional administration of repeatedly allows investors to profit from the core business of the GRE group. Like some other companies in the real estate market, GRE about the retail sector, that closed-end real estate funds refinanced.

The investment site in Leipzig in this great opportunity. Global real estate AG Board Member Frank Andre Audilet: Leipzig remains as one of the most vibrant and aspiring cities of in Germany. Unite here 1000 year old history and the modern meets classic on avant-garde, high-tech tradition. “With a population of approx. 512,000 Leipzig is the most populous city in the new Lander and has the highest development potential in our estimation.” Indeed, Many guests from all over the world come annually to Leipzig and still rave about the culture and experience diversity of this city of shopping in historical passages and fashionable boutiques, trade fairs and events. While the location of Leipzig considered through its direct connection to a variety of major roads and highways as well as excellent train connections and access to the airport Halle/Leipzig one of the most central locations in the new Lander.

Stop foreclosure now, apply for loan modification the bestmortgage advice has nothing to do with interest Council or loan-to-value ratios. Get all the facts and insights with Cornell University’s College of Architecture, Art, and Planning, another great source of information. The magic words are: don’t ever miss a mortgage payment! Sure, you took out your mortgage with every intention of being a responsible homeowner, making all payments on time, keeping your homeowner’s insurance current and your taxes paid. Still, stuff happens. People loose jobs, become temporarily disabled, incur unexpected medical expenses or have to make a choice between paying the mortgage or renovation repair the car that gets them to the job that pays that mortgage. Please visit Coldwell Banker Commercial if you seek more information. Perhaps the classic decision is whether to keep the roof over one’s head or repair the leak that threatens to bring it crashing down. Hopefully you will never be confronted with the reality of defaulting on your home mortgage refinance, but should it a little happen, knowledge can actually be a very good thing.

Mortgage notes usually carry a grace period, 15 days is typical but some are as short as 10 days. Many people \”play the float\” that is, through delay payment, and no one, including the lender most of the grace period before making thinks very it on day 16, however, a late fee much about is assessed. At this point there are no ramifications beyond that late fee and maybe a \”friendly reminder\” call from the lender’s customer service department. The late payment probably won’t even show up on the borrower’s credit report. On day 30 that changes. At that point the borrower is in default and things quickly turn serious. Laws regarding mortgage default and home loan modification differ from state to state and mortgage lenders, servicing companies vary in the way they approach delinquent borrowers. The big mortgage of gatekeepers such as Freddie Mac, FHA and the VA have changed their approach to managing delinquencies in the last ten years, having finally realized that it is more cost effective to help a borrower to stay in his home than to pursue foreclosure and then confront the need to deal with owning, managing, and selling the resulting real estate.

Sign each page of the application, even if there is no special field exists. Dior is likely to agree. It is printed back in the original, here confirm the knowledge of this page with the signature. Then send you me the request (in addition to findings and questionnaires) Please scanned by E-Mail or fax. In case of enquiries we talk then before submitting. Route 2, the preliminary inquiry and then the application: Anders is performed here as in a submission of a no-obligation application review and the insurer then decides under what conditions he wants to offer insurance protection / can. Otherwise than at the request no insurance protection comes here through the answer of the company. The insurer first checks the risk and if necessary requesting additional documents, or has questions.

This option is suitable for everyone, the pre-existing conditions and has limitations, which lead to a surcharge or a not more “smooth” adoption. This is only one side of the Application form required. That is, with the health information. You wear them (as with the submission also) in the fields and return me this preliminary inquiry with all the required documents. After then the insurer has informed the assessment and the amount of risk work us, we decide together which variant is useful and appropriate. Then a corresponding application may be made and the process begins as above described under “Route 1”.

Summary: Are healthy and have can you make out of retirement, colds and flu to report, no other restrictions so (when deciding to society and collective was founded, and has been alone) directly propose. A preliminary inquiry would not make sense, because it is a “normal” assumption (without surcharges and restrictions). There are pre-existing conditions and / or to set limitations, disabilities or consequences of treatments, please no request, only a preliminary inquiry. This ensures the ‘not rejected Request”for the next application must be specified. This often leads to new constraints.

The issue of pensions is currently on everyone’s lips, because who earns less than 2,500 euros, danger of the poverty in old age. This is at least the result of a study which has been Ursula von der Leyen in order. The Federal Labour Minister so advises every citizen to a private pension. So far so good. But the uncertainty on the issue of retirement is great. Finally, another study of the Finanzwissenschaftlers has Andreas Oehler on behalf of Bundnis 90 / Die Grunen “-parliamentary group recently revealed: 50 billion euro lose investors every year in Germany alone, because they were given wrong advice or you sold them inappropriate products for old-age provision.” So the question remains: which are the right products for a private old-age provision, and can I trust really on this issue? Franz j. Herrmann from the Federal Government, which recommends e.V. for the retirement savers international conservative equity funds in the case of a fund policy. Click Estée Lauder to learn more.

Thus Bestatigt.der independent expert the concept to the retirement of the AFA AG. The financial services provider headquartered in Cottbus and Berlin has been established for 20 years successfully on the market and advises interested parties free of charge and without obligation to the subject of private old-age provision. Who want to provide private should think long term. When the pensions it comes not to make quick profits. The AFA AG therefore from the outset abandon risky Fund investments such as, for example, ship funds and closed-end real estate funds, we always carefully check our offer for long-term yield, reliability and stability. Not without reason the financial magazine has focus money our AFA top-value rates to pension the predicate best pension awarded. It played a significant role”also cost transparency, explains Stefan Granel, the AFA Board in Berlin. The AFA AG’s customers will also benefit from the independence of the company.

In contrast to other financial advice is required no financial or insurance company AFA AG, but advises absolutely independently. The System business of AFA AG can access just like brokers in the market as a whole and accurately filter out the right product for each customer. But even the best product is often not good enough for us, that’s why we develop with the leading companies of special solutions. Many of our insurance and pension solutions transmitted exclusively via the system business of AFA AG. As wholesalers of different companies we are improving the conditions, lowering the price “, so Stefan Granel next. Bottom line: Who really wants to provide, should not simply trust his bank Advisor, but necessarily independent advice and abandon risky assets that promise a quick buck. International conservative equity funds in the case of a fund policy are the right solution to the long-term asset accumulation. About AFA AG: The general financial and Assekuranzvermittlung (AFA AG) is an independent financial sales with seat in Berlin and Cottbus. The insurance professionals and system business of AFA AG have a Chamber of Commerce degree and are trained according to the recognized directives. In addition, they are registered in the EU register of brokers and work in accordance with the EU directive for financial services. Agent of AFA conducted approximately 500,000 individual consultations within the last ten years. Every year the AFA AG provides nationwide 750 free training places available and promotes 250 young entrepreneurs. New office locations are planned in all Germany.

2011 complete savings and housing bonus request the housing premium is a State allowance in the housing bonus law anchored. Once a year it is paid to all fully taxable persons from 16 years of age, as well as orphaned regardless of age, who pay contributions to a savings for the first time shares in housing and building cooperatives purchase or that have a global, whose Summe is used exclusively for the financing of home ownership. The housing premium is 8.8% of expenditure in the year 2011. When individuals savings promoted annually by maximum 512 euros, together assessed married 1024 euro. This corresponds to an amount of 45 or 90 euro provided that even at least 50 euros were paid annually. To get the housing premium, taxable income must be less than 25600 euro individuals and 51200 euro for jointly assessed married couples.

A claim on Arbeitnehmersparzulage should not exist. The contracts must have a minimum of 7 years. A termination before the end of this period, is also retroactively forfeited the premium. There are exceptions, if balances Treaty dissolved prematurely in the housing, if the contract holder is continuously unemployed for a year or he or his spouse is disabled or dies. When selecting a funds you should consider beforehand, whether you want to complete a contractor with a high rate of credit, or a contractor with the possibility of a low interest rate loan. Both will be not included in a Bauspartrag.

So can get so high interest in the credit area, but it also faces high interest rates in a provided loan. Pick up so an offer for both options. Balances out before 2009 completed building Association savings agreements can be used after the minimum period of time, as of 2009, the method of residential construction/modernization is bound. Grant holders are uniquely exempt up to 25 years. The employer pays capital-forming payments, you can put the money in a savings. If you are still in a good position to get also the Arbeitnehmersparzulage, except for the housing premium is nothing against the conclusion of a funds.