first_imgSimply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares It’s hard to tell when we are at the bottom of a stock market crash. It’s only after it’s happened that we can see where indexes such as the FTSE 100 reached their lows.And when the economic news is all doom and gloom and share prices are plummeting all around, it’s easy to fear that the markets could fall further.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…My guess is that even now, after stocks have been bouncing higher, many investors are wary of buying shares in case we see another lurch down.FocusOne way of overcoming the paralysis is to focus on individual companies rather than on the entire market. We’ve been seeing some interesting updates from firms lately explaining how their businesses have been coping with the coronavirus crisis.And some firms are doing better than others. A lot of the differences boil down to the sector a company occupies. Many hospitality, travel, and retail enterprises have seen the complete lock-down of their operations and zero revenues. Others have seen their revenues partially affected, and a third group has managed to keep on trading after protecting staff with social distancing measures, such as working from home.One thing we can get busy with right now is to analyse the stocks on our watch lists. For example, I’m looking for strong finances such as net cash on the balance sheet or modest debts. If a company is financially strong, it has a good chance of surviving the crisis even if revenues have been damaged in the short term.I’m also looking for guidance on current trading to help me gauge a company’s chances of continuing through the lock-downs required under social-distancing rules. And finally, I’m keen on reading each firm’s outlook statement to see what the directors believe will happen next in their businesses when economic recovery begins.Purple patchI reckon we’re are in a bit of a purple patch right now. When the stock market first plunged earlier in the spring, we had precious little information to go on. Now, with company updates and reports starting to come through, we can build up a clearer picture of what may be ahead.So now’s a good time to start nibbling away at shares, and I’ve added a few to my portfolio over the past week or so. I admit that the market could throw another curveball and take my holdings lower, hopefully temporarily. But a great way of getting your head around such volatility is to adopt a long-term investing horizon and to keep on investing whatever the market throws at you.If we want to buy the shares of quality companies when the stock market is cheap, we’ve got to go out shopping when the economic weather is rough and the outlook unclear. When the recovery comes, we will likely be glad we did! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Stock market crash! Today’s cheap shares could be tomorrow’s winnerscenter_img Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Kevin Godbold | Sunday, 26th April, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Kevin Godboldlast_img read more

first_img Spain One Win Away From Rugby World CupLos Leones, ran out 84-10 winners against Germany last weekend to set up possible automatic qualification for the World Cup in 2019.The victory was their second largest score ever, and means Spain head into the final round of the Rugby Europe Championship knowing victory over Belgium in Brussels on Saturday, will secure automatic qualification in the Europe 1 slot in Pool A.King Felipe was in attendance at the match in Madrid, along with 15,000 other rugby fans in a contest which failed to be competitive from the start. For more World Cup news, visit our website by clicking here.Also don’t forget to follow Rugby World on Facebook and Twitter. After a huge victory against Germany last weekend, Spain are within touching distance of the World Cup. Los Leones: The Spanish rugby team are one win away from the Rugby World Cup (Getty Images) Their previous highest score was a 90-8 victory over the Czech Republic over two decades ago.But the Spanish got within one converted score of that record, as they scored eleven tries and a penalty try, running rampant against a Germany side who were outplayed in every aspect.Clearly, in the presence of the Webb Ellis Cup, and having not played in the tournament since 1999, Los Leones wanted to prove they belonged in the World Cup.Related: Should the Six Nations Have Relegation and Promotion?  They would go into Pool A which includes Ireland, Scotland and Japan at the moment.Pool B currently has New Zealand, South Africa, Italy and two spots still to be filled by Africa 1, and the Repechage winner.Pool C sits with England, France, Argentina, USA, and Tonga.Finally Pool D has Australia, Wales, Georgia, Fiji and Uruguay. Romania currently sit atop the RWC 2019 Qualification table by three points after a 62-12 victory against Belgium, however Spain have a game in hand on them.A Spanish victory would force Romania into a play-off match against Portugal and then the winner would play Samoa in home and away fixtures to determine the Play-off Winner spot in Pool A.last_img read more

first_imgprintIn advance of their second appearance in three seasons at the Alamo Bowl, TCU players and coaches fondly remember their 31-point comeback victory in triple-overtime over Oregon, 47-41, ahead of their matchup with Pac-12 runner-up Stanford in familiar territory.“Of course it’s been on our minds,” TCU linebacker Ty Summers said.The Horned Frogs’ 31-point comeback tied the largest turnaround in bowl game history.TCU’s head coach recalls a mixed bag when recounting his team’s unlikely triumph.“We were getting our butts kicked in the first half, that’s the first thing I remember,” Gary Patterson said. “Our kids fought back. I think that’s one of the things that’s been one of the staples of our program. When we’ve had great runs, there’s always been an underlying foundation that we’ve been doing it so long, nobody ever panicked.”TCU running back Kyle Hicks said he watched a number of players grow up in front of him that night.“I remember that we had a lot of freshmen playing at our receivers with guys missing,” Hicks said.  “A lot of guys down. It just speaks to our team: next guy up. Some freshmen made some great plays.”TCU displays the results of bowl games from each year around the football facilities, and Patterson said his team had a choice on how it wanted to be remembered.“I just told the seniors, I said, ‘Here is what you get a chance to look at the next three years. What do you want it to say?’” Patterson said. “‘Do you want it to say 31-0 or are we going to fight back, find out what we’re made of?’”Two key components of  TCU’s offensive attack this season, wide receiver John Diarse and quarterback Kenny Hill, weren’t on the team yet, but the game captivated them all the same.“That whole week I was looking at schools I might transfer to and it was just a great game all the way around,” Diarse said. “It was exciting to see guys come from behind a deficit like that and pull off the win.” Garrett Podell Previous articleHorned Frogs’ Alamo Bowl performance against Stanford will reveal its characterNext articleSights from the first half of the Alamo Bowl Garrett Podell RELATED ARTICLESMORE FROM AUTHOR Facebook Hill has a similar story of watching the game unfold from his couch.“I was at home, we got down early and I was like aw man, I don’t even know if I want to watch this second half,” Hill said. “But I watched and saw the comeback, I was going nuts.”TCU’s “super-legend,” quarterback Bram Kohlhausen set numerous program records for a single bowl game performance: offensive yards (396), plays (56), completions (28), passing yards (351) and pass attempts (45).“It’s a moment that’s unforgettable and we’ve been talking about it all week,” Diarse said. “It’s one of the games that will be stamped in TCU history for a while.”Running Kyle Hicks played with Kohlhausen, and he agreed with Hill’s assessment.“He is a TCU legend and he’s an Alamo Bowl legend too,” Hicks said. “It’s incredible on such short that you’re given the keys to the car and he comes out and performs that well.”When Hill had to fight for the starting quarterback spot two years ago in camp against Foster Sawyer, he kept Bram’s work ethic on his mind.“Foster and I went through the battle, and I thought even if I don’t win, I’ll try and do what Bram did,” Hill said. “It’s that one game where you never know when your time is going to come.”While it’s fun looking back, Patterson has made a point of making sure his team has their eyes zeroed in on this year’s matchup.“You’d better not look backwards very long or you’ll find out you’ll get slapped across the side of the head because we’re not playing Oregon anymore, we’re playing Stanford,” Patterson said.Entering Thursday’s matchup with Stanford, the Horned Frogs are doing everything they can to make sure one element from their last Alamo Bowl appearance doesn’t make a repeat occurrence.“One thing we took from it I think the most is to start fast this time, not make it so difficult to come back,” Summers said. “Just come and hit the ground running in the first quarter.”TCU and Stanford will face each other in the 2017 Valero Alamo Bowl Dec. 28. Kick-off is set for 8:00 p.m. Twitter Garrett is a Journalism and Sports Broadcasting double major. He is the Managing Editor for TCU360, and his passions are God, family, friends, sports, and great food. Boschini: ‘None of the talk matters because Jamie Dixon is staying’ + posts Twitter Garrett Podell Men’s basketball scores season-low in NIT semifinals loss to Texas ReddIt Linkedin Garrett Podell TAGSAlamo BowlBram Kohlhausengary patterson Garrett Podell Listen: The Podell and Pickell Show with L.J. Collier Linkedin Boschini talks: construction, parking, tuition, enrollment, DEI, a student trustee Another series win lands TCU Baseball in the top 5, earns Sikes conference award Garrett Podell ReddIt TCU rowing program strengthens after facing COVID-19 setbacks Bram Kohlhausen leads the team to victory in a triple overtime win against Oregon in the Alamo Bowl. Facebook TCU baseball finds their biggest fan just by saying hellolast_img read more

first_img Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeauty Subscribe Business Districts News Green Dot Names Joshua Goines as General Manager of GoBank From STAFF REPORTS Published on Friday, June 13, 2014 | 1:54 pm Green Dot Corporation today announced it has named Joshua Goines as General Manager of GoBank. GoBank is Green Dot’s award-winning, FDIC-insured checking account offering and in this position, Joshua will be responsible for GoBank’s overall strategy and operations.“Josh has an impressive professional background with a strong track record of success in establishing and growing innovative payments and mobile technology businesses”Mr. Goines joins Green Dot from PayPal, where he most recently served as Senior Director, Head of Retail Market Development and played an integral role in overseeing the strategy and execution to grow PayPal’s retail offline business. In this role, Mr. Goines and his team quickly scaled PayPal’s retail acceptance network. He also helped launch and manage a series of key industry partnerships, including Discover Financial Services.“Josh has an impressive professional background with a strong track record of success in establishing and growing innovative payments and mobile technology businesses,” said Kostas Sgoutas, Green Dot’s Chief Revenue Officer. “We are excited to have him on board and look forward to his contributions as we continue to develop and drive growth of our GoBank bank account.”Prior to PayPal, Mr. Goines served as Chief Financial Officer of Tempo Payments, Inc., a leading company in the decoupled debit card niche that was named top financial services startup by Fast Company and was acquired by Vantiv. While at Tempo, Mr. Goines developed the strategy for the payment industry’s first SaaS solution that enabled customers to cost-effectively offer co-branded payment cards and which received a CODiE Award for Best Open Source Solution.“Green Dot continues to be a pioneer in payments and technology, bringing disruptive financial services products to consumers,” said Mr. Goines. “I’ve watched the company innovate and evolve the prepaid debit card space over the years and I’m looking forward to being part of the team to do the same in the mobile bank account arena.”Mr. Goines holds an MBA from Stanford University Graduate School of Business and graduated cum laude with a B.A. in Economics and Spanish from Claremont McKenna College.About Green DotGreen Dot Corporation is a technology-centric, pro-consumer Bank Holding Company with a mission to reinvent personal banking for the masses. The company is the largest provider of prepaid debit card products and prepaid card reloading services in the United States, as well as a leader in mobile banking with its GoBank mobile bank account offering. Green Dot Corporation products are available to consumers at more than 90,000 retailers nationwide, online and via the leading app stores. The company is headquartered in Pasadena, California, with its bank subsidiary, Green Dot Bank, located in Provo, Utah. Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business Newscenter_img Name (required)  Mail (required) (not be published)  Website  faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes More Cool Stuff 8 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Make a comment First Heatwave Expected Next Week last_img read more

first_img Name (required)  Mail (required) (not be published)  Website  Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Herbeauty’First Daughters’: From Cute Little Kids To Beautiful Young WomenHerbeautyHerbeautyHerbeauty12 Most Breathtaking Trends In Fashion HistoryHerbeautyHerbeautyHerbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty15 Beauty Secrets Only Indian Women KnowHerbeautyHerbeauty Make a comment More Cool Stuff Community News Websters Community Pharmacy in Altadena Collects Its Fair Share of Awards By ANDY SCHIRRMEISTER, Living Editor Published on Thursday, February 14, 2019 | 3:15 pm Your email address will not be published. Required fields are marked * Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. From Top clockwise: Beautiful Altadena 91001 line at Webster’s Community Pharmacy, Meredith & Michael Miller, Receiving commendation from Christian Daly – Assistant Field Representative to LA County Supervisor Kathryn Barger at Awards Dinner, Meredith M.Webster’s Community Pharmacy takes the “community” part of its name seriously, and the fact has not gone unnoticed.On February 1st, the Altadena Chamber of Commerce awarded the 2018 Altadena Businesses Of The Year awards to Meredith M, a women’s clothing boutique, and Webster’s Community Pharmacy, an Altadena institution. The stores stand side-by-side and are both are owned by Meredith and Michael Miller.“It’s nice to be recognized everywhere else and we appreciate everything, but in your own community it’s even more special; that’s our backyard and these are the people that we know. That’s our customer base,” said Meredith.The Altadena Chamber award wasn’t the first time the couple has been honored for their contributions to the community.Webster’s Community Pharmacy received the California 41st Assembly District’s Small Business of the Year award in 2018, too.The Millers traveled to Sacramento and attended a luncheon with California’s legislators. Of all the small business award winners from California’s districts, Webster’s was the only pharmacy recognized.. The independent neighborhood pharmacy business model is challenged by the abundance of chain stores, mail order prescriptions and rising insurance rates. “It was no coincidence that Webster’s Community Pharmacy stood alone as a Small business recipient at the Sacramento presentation.” Says Meredith.“When you have a connection to the people in your community, and certainly as a pharmacy specializing in healthcare, you develop a different kind of relationship with people,” “That is what keeps independent pharmacy moving forward”says Meredith.Webster’s Pharmacy was first built in 1926 by the Webster family and served as the commercial hub of the community for many years.Meredith likened the pharmacy to a department store with a gift shop and stationary section. However, over the years, much of the pharmacy’s nonessential merchandise had been moved out.When the Millers purchased the pharmacy from Bill Webster, the son of the original owner, in 2010, the couple aimed to return the business to its original beginnings.They put in a gift department with greeting cards, candy, and seasonal items.Michael is the pharmacist, and Meredith runs marketing and merchandising.. “Still a family business, just a different family,” said Meredith.Sister store, Meredith M is named after—you guessed it, Meredith. In addition to trend-friendly clothing, the store sells fashion jewelry, baby products, bridal gifts and lifestyle products.Meredith M and Websters Community Pharmacy host monthly events at the stores: fashion trunk shows; seasonal promotions; book signings; and happy hours with light champagne and wine offerings are popular with the community.Webster’s Community Pharmacy also created and carries “Beautiful Altadena 91001”,an exclusive line of merchandise sold in their stores, the result of a collaboration with Hugo Arteaga Graphic Design, also a former Altadena Business of the Year winner. A portion of the proceeds go to various community organizations in Altadena.Meredith served on the board of the Altadena Chamber of Commerce and for seven years and was Vice President and President. She is currently on the Collaborate Pasadena Leadership Council.Webster’s Community Pharmacy is located at 2450 Lake Ave. Visit or call (626) 797-1163. Instagram: @websterspharm,Meredith M is located at 2450 Lake Ave. Visit or call (626) 204-2677. Instagram:@shopmeredithm 4 recommendedShareShareTweetSharePin it First Heatwave Expected Next Week Community News Business News Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Print Features Foreclosure 2017-08-01 Brian A. Lee  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Editor’s Note: This article is part two of three. Part one is available here. Part two was originally featured in the August issue of DS News, available now. When Lewis Lapham wrote, “The state of perpetual emptiness is, of course, very good for business,” he wasn’t referring to the U.S. foreclosure system. The massive void of thousands of distressed and abandoned homes affects so many people and infects so many communities across the country. The problem can be as harsh on the eyes as it is hard to untangle; complexity begets confusion while despair moves into that place where the heart once resided.  “The foreclosure process has its problems, from taking much too long to having complicated and conflicting national and local guidelines to significant exposure of risk and loss,” said Steve Salimbas, CEO of Agios World Wide, Inc. “Sadly, many people who have defaulted [on their mortgages] don’t know what options really exist.”The side effects of this mortgage morass can range from disgusting and disturbing to outright dangerous. In Fairfax County, Virginia, traditionally one of the richest counties in the country, police discovered blood inside a vacant house. The Washington Post reported that an injured sexual assault suspect had been hiding there before he stole a car and fled. “There’s no one there for accountability,” a police lieutenant told the newspaper about the wave of abandoned homes that hit Northern Virginia communities during the foreclosure crisis.The City of Atlanta had one of the few police departments that formed a special vacant home burglary team during the housing downturn. CNN reported that the estimated damage in one house was between $15,000 and $20,000 for a theft of only about $40 worth of copper. “They took the stove, the refrigerator, the cabinets, everything, including the kitchen sink!” a contractor told the news organization.In 2016, a woman in Fort Walton Beach, Florida, consumed around 56,000 gallons of water from a foreclosed home in which she was squatting. Charged with theft of utilities, the suspect told deputies she knew the house was under foreclosure and that the lock on the water meter had been broken, according to the Northwest Florida Daily News.The loss of a home, a resident’s sanctuary and a big part of their identity, is already such a major burden to bear. It goes beyond economic and social to the psychological, beyond the convenient coinage of Wall Street to Main Street. One most consider that the ill effects of the foreclosure crisis and its persisting problems, like those mentioned above, are not only cumulative but also self-exacerbating. The size, intensity, and complexity of the problem require major public and private reform, as well as strong focus and effort from cities to communities to the consumer.Care Down, Costs UpIn the January 2017 white paper, “Understanding the True Costs of Abandoned Properties: How Maintenance Can Make a Difference,” Aaron Klein, the former Deputy Assistant Secretary for Economic Policy at the U.S. Treasury, tackled crime, property values, and city resources as the three main areas adversely affected by foreclosures and abandoned (or otherwise vacant) properties.According to Klein, quite simply, a foreclosed home will be a depreciated one, which then detracts from the community and its housing comparables. This, in turn, leads to decreased value for nearby residents and depleted tax bases for municipalities—as Klein puts it, “a cascading cycle of value destruction.” Tapping an array of economic data and academic analysis, his study, which was commissioned by Community Blight Solutions, found that the typical foreclosed home costs more than $170,000— approximately half of which is directly associated with property vacancy and condition.The correlation between housing vacancy and crime unsurprisingly increases the longer a property stays vacant, likely plateauing between 12 and 18 months. The white paper also found that vacant residences account for one out of every 14 residential building fires in America. To isolate the impact of foreclosure and abandonment versus just foreclosure, Klein cited research conducted by the Federal Reserve Bank of Cleveland (FRBC). Of 9,000-plus single-family homes in Columbus, Ohio, slightly more than 6,000 had been foreclosed on, while 4,152 were vacant/abandoned. Foreclosure and abandonment are multiple layers of loss that radiate out to other residents and the corresponding municipality. The FRBC study discovered that more than half of the total cost of a foreclosure’s impact on neighboring properties is due to the property being abandoned. The white paper ultimately concludes that a vacant property triggers losses and additional costs of approximately $150,000 in its first year: $133,000 from reduced property value for neighbors, $14,000 in increased crime, and $1,500 in added expenses for the police and fire departments.  “These costs last over time,” Klein wrote. “For every additional year the property sits vacant, the crime and police costs add up. Even after the property is sold, neighbors will lose at least $25,000 for two years and quite possibly longer.”It’s the laborious foreclosure act and system that bring about the home vacancy. Properties in Q3 2016 took an average of 625 days for foreclosure completion, according to the National Association of Realtors—but it’s the latter state of the property that drives the majority of the losses, including the increased likelihood of crime.Wrong Kind of Open House Time is money, but it is also exposure. Investors speak of exposure in terms of the amount of money that can be lost. The often- lengthy timeframe of a foreclosure process becomes problematic because it exposes a community to blight and destabilization. An abandoned home is susceptible to weather and fire damage, crime, degradation from lack of maintenance, and much more.“As each property becomes vacant, it becomes an attractive nuisance that draws the attention of less-than-desirable elements,” Salimbas said. “This double-edged sword not only drags down nearby property values, it also reduces comparable values that are used for determining the REO list price, which reduces the net recoverable during disposition of the foreclosure even further.” An abandoned and often-abused house acts as a value vacuum, hurting not only the homeowner but also the surrounding neighbors and the mortgage actors with a stake in the foreclosure process. “Additionally, the asset is a financial drain,” Salimbas said. “As a nonperforming asset, it is not generating revenue during the nearly two-year-long foreclosure cycle.”Seeing, in this case, is not believing—not believing that anyone cares about the property or that there will be repercussions for abusing it. Blight starts the second a casual observer can identify that a property is vacant with poor lawn maintenance or the more obvious eye sores such as boarded-up windows, according to the Agios CEO. “When a vacant property is hard to identify when someone cannot hide behind a barrier and is exposed to all who pass by, it mitigates those negative elements,” Salimbas said. “Overgrown lawns attract rodents and eventually snakes. Boarded-up properties attract squatters, drug dealers, and vandals, who strip the copper piping and wires from the house. Occupants from neighboring properties know that criminal elements can quickly identify those properties and that those properties will get damaged and pose a risk to their health and safety as well.” Neighbors in Need Knowing is half the battle before and during a foreclosure, but it can be hard to keep one’s head in the high-stress fog of bank notices and deadlines, combined with the borrower’s economic, social, and psychological strife. There is relief, but the question is how to find it—or for it to find the borrower. “A big challenge is targeting foreclosure prevention counseling effectively,” said Nicole Harmon, VP of Foreclosure Prevention Programs at NeighborWorks America, a Washington, D.C.-based organization that supports a network of more than 240 nonprofits with technical assistance, grants, and training for 12,000-plus professionals in affordable housing and community development. “Because of the microclustering of foreclosure, nonprofits have a tough time getting the word out to the homeowners who need it the most.” Harmon explains that housing markets go beyond local; hyperlocal is probably the better word when it comes to foreclosures. Within different MSAs and Census tracts, NeighborWorks America will see areas where home values have recovered, but also “micro-pockets” where recovery is painfully slow. Job growth may be up in the overall MSA, but that certainly doesn’t mean all neighborhoods are experiencing the boost. “That makes it difficult for homeowners who were in trouble to get out of trouble,” Harmon added. “Our grantees report that [the market uncertainty] has continued as servicers deprioritize loss mitigation again, and the sales of non-performing loans have restored some hardline positions among new loan owners, i.e., commercial investors. The unpredictability of the foreclosure process has been an evergreen complaint.”  According to Klein’s paper, however, policies focused on loss mitigation have failed to adequately alleviate the harmful impact of abandoned properties and thus the vicious cycle of depressed property values and subsequent foreclosures. Regulations and RestraintsIncreased regulations and court requirements certainly add to the lengthy foreclosure timeline, but it’s not just the system slowing things down, according to Diane Bowser, EVP of Special Servicing at Selene Finance. “Borrowers and their attorneys have become incredibly savvy when it comes to slowing, stalling, and even re-starting the process,” she said. “Despite our efforts to streamline the process and ensure necessary records are in place and accurate, we cannot do anything about the litigious opposing counsels that represent borrowers in foreclosure.” Bowser points to Florida as having had the highest number of contested assets in the country. “Some of these opposing counsels are paid a monthly fee to simply delay foreclosure actions—and it works,” she added. “These attorneys file pleading after pleading, for as long as they can, to delay a foreclosure that is, most of the time, inevitable.”In New York, a servicer can get bogged down by the additional steps needed to complete a foreclosure, and then experience further delays when courts grant borrower motions for the reschedule of foreclosure hearings and sales. If there was any doubt, “screeching halt” are the words the Selene Finance executive used. The Houston-based mortgage company, a leading servicer of nonperforming loans, routinely receives transferred portfolios with loans at various stages of the foreclosure process. As the servicer of record, it must validate each aspect of every affidavit and provide screen prints and documents supporting the review. Reviews can lead to required revisions of language and numbers, which, of course, mean more time and manual work. Inaccurate or insufficient records from prior servicers can have the process stuck in the mortgage mud from square one. “It’s no surprise that this is an incredibly time-consuming process, and in some states, we have multiple affidavits that are required,” Bowser said. “Unfortunately, if we are not able to validate that the prior servicer took all required steps before and through foreclosure or that their documentation is inaccurate, it could lead to us having to start the entire process over.”The Word Is BigThe housing downturn and resulting wave of foreclosures were huge. Klein reported that more than $2 trillion in property value evaporated as a result of approximately 13 million foreclosures. Big problems were fueled by the biggest industry actors, according to Rep. Jonathan Dever (R-Ohio).“How do we deal with this gigantic mass that we’ve been handed?” Dever asked. “Largely, it’s been a failing, quite frankly, of our largest institutions and our federal government with the policy they created that lent itself to that [mortgage] balloon and that pop. We’re still trying to deal with the aftermath of it.”Dever, an attorney who has worked on both sides of foreclosure cases in the Buckeye State, knew it would take considerable effort to right the wrongs. His fast-track foreclosure legislation that became law in 2016 began as a working group of various lenders, property remediation professionals, plaintiff and defense lawyers, and more. Their monthly meetings, which would have between 40 to 60 people in a room “working through the language and thinking about the unintended consequences of a comma,” went on for 18 months before introduction of the bill. Big problems require big effort. According to Community Blight Solutions, only two fast-track foreclosure laws are on the books nationwide—in Ohio and Maryland—so much work remains. Meanwhile, another big wave looms in the not-too-distant mortgage future.“Demographics are merciless,” said Kevin Hildebeidel, a lead attorney at Stern & Eisenberg, P.C., who noted that the number of people over 65 should double and over 85 should triple in the next 20 to 30 years. “The question remains to be seen: will millennials muster enough purchasing power to actually step up and buy homes from retirees at full market value or will the U.S. face a situation similar to Japan’s ‘Lost Decade’ with continuing declines over a long period of time?”center_img The Eye of the Storm Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Foreclosure Home / Daily Dose / The Eye of the Storm Previous: Noreika: “Nothing so Far Diminishes my Concerns” Next: ZVN Properties Add New Member to its Ranks Servicers Navigate the Post-Pandemic World 2 days ago Brian A. Lee is an Atlanta-based freelance writer and former editor of Western Real Estate Business magazine. Although a big fan of mortgage and housing content, the Wake Forest and University of Georgia graduate considers his top moment in journalism a one-on-one interview with baseball legend Hank Aaron in 2009. Sign up for DS News Daily August 1, 2017 2,740 Views About Author: Brian A. Lee Subscribelast_img read more

first_img ConstructionDevelopmenthamptons-weeklylong islandsuffolk countytristate-weekly Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink This three-bedroom house is the first U.S. listing built with 3D printing technology. (Realtor) A Long Island home touted in a listing as “the world’s first 3D-printed home for sale” is on the market for $300,000, according to the New York Post.The 1,407-square-foot concrete home was designed by Manhattan-based firm H2M and built by Patchogue-based SQ4D, a firm that specializes in 3D printing construction.The firm uses large machines that function like a tabletop 3D printer, but pour concrete. The printer built the foundation, exterior walls, interior walls, and utility conduits. SQ4D said the walls of the home, in the hamlet of Calverton, just west of Riverhead in Suffolk County, were built over eight days with less than $6,000 in materials.Similar methods have been used for other projects around the globe. A firm in Texas developed similar technology and is using it for a supportive housing project outside Austin.Listing broker Stephen King of Realty Connect said the home is priced 50 percent below comparable new construction in the area. Long Island’s housing market has been especially hot since the coronavirus pandemic began. [NYP] — Dennis Lynch Share via Shortlink Tagslast_img read more

first_imgA conveyancing solicitor who falsified SDLT documents to pocket stamp duty payments intended for HMRC totalling £311,862 has been struck off by the Solicitors Disciplinary Tribunal.This is the final act in a drama which started in 2012 when solicitor Munpreet Singh Virdee, a now former director of Reemans Solicitors, began under-declaring stamp duty payments made to him by clients.This continued until 2016. Virdee was later found to have doctored 36 forms in order to achieve the tax fraud, funds from which were used to prop up his ailing legal business, he admitted to investigators.This meant Reemans only paid £196,123 in tax instead of the full £463,335 to HMRC.But investigators finally caught up with him and Virdee was arrested two years ago and had to sell his home to pay back the stamp duty monies owed totalling approximately £225,000.DisqualifiedThe 49-year-old was later disqualified from being a director of company for six years and his company liquidated.Despite his contrition and repayment of the mis-appropriated funds, a Solicitors Disciplinary Tribunal has now decided to strike off Virdee.The tribunal said: “His misconduct was deliberate, calculated, repeated and had continued over a significant period of time. He had concealed his conduct from those with whom he worked. “When initially contacted by HMRC, he explained to his colleagues and to HMRC that the shortage in the payments had been made in error when he knew that was not the case.”“[Virdee] breached the trust placed in him by his clients to pay the full level of duty they owed; [he] was fully and solely responsible for his conduct and was an experienced solicitor whose misconduct arose from planned and deliberate acts.”Read the judgement in full.conveyancing solicitor Reemans Solicitors Munpreet Singh Virdee solicitor struck off stamp duty fraud August 19, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Conveyancing solicitor struck off over stamp duty fraud previous nextRegulation & LawConveyancing solicitor struck off over stamp duty fraudMunpreet Singh Virdee, a now former director of Reemans Solicitors, began under-declaring stamp duty payments made to him by clients in 2012.Nigel Lewis19th August 202001,795 Viewslast_img read more

first_img View post tag: Witt July 17, 2013 View post tag: africa View post tag: Horn Back to overview,Home naval-today HNLMS Johan de Witt Sets Sail for the Horn of Africa View post tag: HNLMS View post tag: Counter-Piracy View post tag: Defence View post tag: ship View post tag: Navy View post tag: Defense View post tag: Navalcenter_img View post tag: Transport View post tag: de View post tag: Amphibious View post tag: Johan HNLMS Johan de Witt Sets Sail for the Horn of Africa View post tag: sets View post tag: sail View post tag: News by topic HNLMS Johan de Witt, the amphibious transport ship, left Den Helder on July 14th  for the Horn of Africa in order to take part in counter-piracy operations being conducted in the area.Johan de Witt will take part in the EU mission Atalanta as a staff ship for 4 months. During this time, it will accommodate an international staff led by Commodore Peter Lenselink.In addition to disrupting pirate activities, the naval ships acting under the EU flag in the area escort vulnerable vessels and ships sailing for the United Nation’s World Food Programme.[mappress]Press Release, July 17, 2013; Image: Dutch MoD Share this articlelast_img read more

first_imgMinister for Asia and the Pacific Mark Field said: Follow Foreign Office Minister Mark Field @MarkFieldUK Follow the Foreign Office on Twitter @foreignoffice and Facebook Follow the Foreign Office on Instagram, YouTube and LinkedIn Email [email protected] Media enquiries Further information For journalists The Cambodian national election was undermined by the authorities well before campaigning started and resulted in an election that was neither fair nor credible. The potential for a legitimate, free and fair election was stymied when the main opposition party – the Cambodia National Rescue Party (CNRP), was dissolved in November 2017. This was particularly disappointing following the more open Commune elections in June 2017. The Cambodian authorities have demonstrated clear disregard for the key tenets of a functioning multi-party democracy. As well as the dissolution of the CNRP, examples include the imprisonment of CNRP President Kem Sokha, the banning of 118 CNRP members from politics for five years, and a crackdown on independent media. There was no credible opposition party with the opportunity to challenge the Government. In a democracy, no government has the right to choose its opposition. The UK will continue to urge the Cambodian Government to demonstrate its commitment to its citizens by lifting restrictions on political debate and media freedom and by creating the conditions for proper functioning democracy.last_img read more