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the bahamas the bahamas
Bahama Islands News, Articles and Information
It is not uncommon for people to lose their property in mortgage transactions in the Bahamas. One of the reasons for this ugly trend is our low-saving culture and high-spending habits. However, the other reason why so many people lose their property in the Bahamas is the attitude of some heartless lawyers who intentionally would refuse to fight for their clients interest in trying to save their property apparently because of some retainers they are getting from the lending (financial) institutions/banks so as to remain in the good books of these banks. The third reason why so many Bahamians lose property in mortgage transactions is the conservatism of our judiciary who though they are trained in common law traditions have refused to be more progressive and teleological in dealing with issues relating to mortgage transactions.
LATEST: Reality TV star ANNA NICOLE SMITH is house-hunting in the Bahamas after a former boyfriend threatened to have her removed from his waterfront home. Smith, who gave recently birth to a daughter in the Bahamas, used the house in Nassau as the basis for her application for permanent residency. The home has been the subject of an ownership dispute between her and South Carolina businessman G BEN THOMPSON. The former Playboy Playmate and her companion, HOWARD K STERN, are considering homes on various islands in the Bahamas, according to her attorney WAYNE MUNROE. If a court rules against her in the property dispute, Munroe said Smith wants to make sure she can meet the condition of owning a home worth at least $500,000 (GBP278,000) to maintain permanent residency in the Bahamas. He explained, "What is involved now is a leisurely look at other houses." Thompson claims Smith has not honoured an agreement to pay the mortgage on the Nassau house and recently escalated their feud by having the electricity cut off at the home.
Washington -- 17 Nov. 2006 --- The Inter-American Development Bank announced today the approval of a $3.84 million loan to establish the national coordination and planning process for the preparation of an Integrated Coastal Zone Management Master Plan for Bahamas. .
Prime Minister Patrick Manning said yesterday that Caricom has not ruled out a peacekeeping force in Haiti to restore democracy in that country. He made these comments while speaking at a news conference during the tea-break of the Lower House in Parliament yesterday. Manning, however, stressed that the peacekeeping force would not be a military intervention. He said : "Caricom does not agree that there should be some intervention militarily in Haiti with the view of some kind of constitutional arrangement. That in itself would be extra-constitutional." Manning returned home on Thursday from the Bahamas where he and other Caricom leaders met with opposition parties from Haiti with a "view of some kind of understanding and some way forward". He said the members of the opposition parties went to Nassau without any mandate but only for discussions.
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