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More than 101,000 residence s in South Florida sat emptg for three months or more asof March, accordin g to the . Many of thesre likely were bank-owned, in the process of foreclosure or the assetwsof cash-strapped developers. In the eveny of a hurricane many experts doubt most lenders woulr have the coordination and capability to fortifyh those homes with shutters or Since banks almost never respond to homeownet association complaints about poor conditions atabandoned bank-owned they probably won’t be proactive in protectinb these properties from a hurricane, said Ken an attorney at Fort Lauderdale-based who representxs numerous homeowner associations.
Most banks and mortgage-servicinf companies are overwhelmedwith foreclosures, and can’yt effectively manage them all, he said. “I woulsd be shocked if banks mobilizse in front ofa storm,” Direktor said. “A hurricande now would be absolutely The negative effect on the community would bemultiplieed exponentially.” Bill Hardin, director of real estate programs at , said foreclosures held by mortgage-backed securities would be must He doubts that most MBS servicinh companies have the capabilities to mitigatd property losses before a hurricane.
If there’s a pending foreclosurew on a home and thebank hasn’t takenb possession of it, then the lender can’t legally enter the propertt and secure it. A homeowner or rentef still living there mighf protect the home fortheir safety, but an abandonecd home facing foreclosure would be less likely to have a Some condo associations have the abilitt to enter abandoned homes and secure them, but homeownerf associations do not, said Donna Berger, executive director of the Plantation-based .
has a plan for hurricanees that includes contracts with property management companies and bank employeex to make sure propertiesare storm-ready, said Nancyh Norris, a spokeswoman for the which also services mortgages for other “When there is a threat, we have a business resiliencty team that’s always on top of emergency situations,” she “We are confident that we will get the job When a homeowner stops paying a mortgags and insurance, or when a property becomes bank-owned, the lended covers the property through a blanket insurance policy called forced coverage. Thesd expensive policies cover the outstandingmortgagd amount, regardless of the value of the property.
These policiew usually don’t require the bank to do anythingy to protect a property from storm saidWilliam Berk, an attorney who represents insurance companies as a partner with Coral Gables-basedc . But, the aftermath of a hurricanre could provide opportunities for savvy investors to buy damaged homes from bankws onthe cheap, repair them and reselll them, said Peter Zalewski, CEO of Bal Harbour-baser . “I can’t imaginew a lender repairing a property damaged by a hurricand beforeselling it,” he said. “Fodr a neighborhood, it coulde be a catastrophe, and for investors, it could be a greaft opportunity.
” THE DETAILS: Nobody’s home Palm Beacn County: 36,348 residences, or 5.3 percent Broward 37,707 residences, or 4.6 percent Miami-Dade County: 27,70 0 residences, or 2.9 percent Source: U.S. Posta l Service
Thursday, December 29, 2011
Tuesday, December 27, 2011
Muslim Persecution of Christians: November 2011 - Right Side News
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The Commentator | Muslim Persecution of Christians: November 2011 Right Side News Meanwhile, it was revealed that "Christians are being refused refugee status [in the US] and face persecution and many times certain death for their religious beliefs under [Islamic] Sharia [law], while whole Muslim communities are entering the US by ... A Month o f Christian Persecution Christmas Day carnage in Nigeria highlights persecution of Christians Let us think today about » |
Sunday, December 25, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
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million. The Kansas City Business Journal reported that the PrairieVillaged Shops, the Corinth Square shopping center in Prairie Villagse and the Fairway Shops in Fairway were under contracyt to investors led by Lane4, a Kansas City-basex commercial real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, N.C., disclosexd the sale price in a Thursday release. The thre e shopping centers have a combined 2009 appraised value ofaboutt $64 million, according to figures from the Johnson Count y Appraiser’s Office. The three shopping center contain 416,000 square feet combined and were, on average, 94.5 perceny leased and 55 years old, Highwoods said.
The propertiesx generate a combined annual cash net operatinv income ofabout $5.4 The new owners plan no “immediated major changes” to the shopping centers, Jeff senior vice president and principal of said in a separated release Thursday. “We intend to enhance and upgrade the centers as opportunitiess ariseover time, but these improvements will not changd their basic character,” Lane4 President Owen Buckley said in the “We look forward to takin good care of them and feel they represent an excellenyt opportunity to invest in our community.
” Kansas City developere Jesse Clyde Nichols built the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholas Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journal reported that the PrairieVillaged Shops, the Corinth Square shopping center in Prairie Villagse and the Fairway Shops in Fairway were under contracyt to investors led by Lane4, a Kansas City-basex commercial real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, N.C., disclosexd the sale price in a Thursday release. The thre e shopping centers have a combined 2009 appraised value ofaboutt $64 million, according to figures from the Johnson Count y Appraiser’s Office. The three shopping center contain 416,000 square feet combined and were, on average, 94.5 perceny leased and 55 years old, Highwoods said.
The propertiesx generate a combined annual cash net operatinv income ofabout $5.4 The new owners plan no “immediated major changes” to the shopping centers, Jeff senior vice president and principal of said in a separated release Thursday. “We intend to enhance and upgrade the centers as opportunitiess ariseover time, but these improvements will not changd their basic character,” Lane4 President Owen Buckley said in the “We look forward to takin good care of them and feel they represent an excellenyt opportunity to invest in our community.
” Kansas City developere Jesse Clyde Nichols built the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholas Co. sold them to Highwoods in 1998.
Friday, December 23, 2011
Gio strengthens Nationals' hand in NL East - MLB.com
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Gio strengthens Nationals' hand in NL East MLB.com By Richard Justice | MLB.com Columnist | Archive 12/22/11 9:00 PM EST To buy into this trade for the Washington Nationals, you must buy into Gio Gonzalez. OK, let's start there. He's a 26-year-old left-hander who has averaged 16 victories and 200 ... |
Wednesday, December 21, 2011
Relocation firm says Kansas is pro-business - Wichita Business Journal:
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It is the second straight year Kansas was recognized in the reporyt doneby . The annual Pollina reporg analyzes all 50 states by examining33 site-locatiojn factors controlled by state governments, includingh taxation, human resources, economic incentive economic development efforts and infrastructure. States that score well in thesr categories typically are successful in attracting andretaininvg businesses, Pollina says. Kansas ranked No. 7, one spot behincd South Dakota and one spot aheadxof Georgia. Nebraska (No. 10) was the only other Midwestern state to crack thetop 10. Virginia was deemeds the most pro-business state by Pollina.
“We’rde excited that the Pollina Report has named Kansase a top10 pro-business stated for the second straighf year,” said Kansas Gov. Mark Parkinson, in a written statement. “The great thing aboutg this report is that it ranks states on factorsz that theycan control, including tax education and economic development initiatives.” He said makinb the top 10 confirms Kansas policy legislators and economic development leaders are makingb good decisions and positioning the state to competer in an increasingly competitive globalp economy.
Kansas has received othe r national rankings by trad e andindustry publications, including: March 2009: magazine named two Kansass expansion projects among the top 15 nationally in the magazine’s annual 2008 CiCi Awards, which rank the nation’z top projects based on capital investmengt and community impact. Kansas made the list for projectse atand • May 2008: For the thirsd consecutive year, Area Developmen magazine named Kansas the winner of the Silveer Shovel Award for job creation and capital The rankings were part of Area Development’s annual Golden Shovel Awards.
• May Kansas was named one of the nation’sa 10 most competitive states for capitalp investment and new facility development by SiteSelectiobn magazine, a leading publication for site locatiob consultants.
It is the second straight year Kansas was recognized in the reporyt doneby . The annual Pollina reporg analyzes all 50 states by examining33 site-locatiojn factors controlled by state governments, includingh taxation, human resources, economic incentive economic development efforts and infrastructure. States that score well in thesr categories typically are successful in attracting andretaininvg businesses, Pollina says. Kansas ranked No. 7, one spot behincd South Dakota and one spot aheadxof Georgia. Nebraska (No. 10) was the only other Midwestern state to crack thetop 10. Virginia was deemeds the most pro-business state by Pollina.
“We’rde excited that the Pollina Report has named Kansase a top10 pro-business stated for the second straighf year,” said Kansas Gov. Mark Parkinson, in a written statement. “The great thing aboutg this report is that it ranks states on factorsz that theycan control, including tax education and economic development initiatives.” He said makinb the top 10 confirms Kansas policy legislators and economic development leaders are makingb good decisions and positioning the state to competer in an increasingly competitive globalp economy.
Kansas has received othe r national rankings by trad e andindustry publications, including: March 2009: magazine named two Kansass expansion projects among the top 15 nationally in the magazine’s annual 2008 CiCi Awards, which rank the nation’z top projects based on capital investmengt and community impact. Kansas made the list for projectse atand • May 2008: For the thirsd consecutive year, Area Developmen magazine named Kansas the winner of the Silveer Shovel Award for job creation and capital The rankings were part of Area Development’s annual Golden Shovel Awards.
• May Kansas was named one of the nation’sa 10 most competitive states for capitalp investment and new facility development by SiteSelectiobn magazine, a leading publication for site locatiob consultants.
Sunday, December 18, 2011
Wishing Iraq well - New Straits Times
ucenyt.wordpress.com
New York Times | Wishing Iraq well New Straits Times JUST days before the invasion in March 2003, 58 per cent of Americans supported sending troops into Iraq. There was also euphoria in the streets of Baghdad when American bombs lit up the sky like Christmas and American soldiers tore down a statue of ... Last US troops leave Iraq as war ends Shock and awe, then a quiet close: looking back at the Iraq war |
Friday, December 16, 2011
Persistence pays for Alexander, Mullahey - Pensacola News Journal
iwyqaxewun.wordpress.com
Persistence pays for Alexander, Mullahey Pensacola News Journal Pace graduate Jeff Mullahey, left, and Pine Forest graduate David Alexander are part of Pensacola State College's fast start for the 2011-2012 season with a record of 15-2. / Ben Twingley / btwingley@pnj.com » Current Stats: Averaging 8.2 ppg, ... |
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