Friday, August 31, 2012

HARP 2.0

Over the years, especially since 2008, most governments sought to ease the pressure of the economic downturn in their respective states. The result was a multitude of policy decisions that were intended to work towards the benefit of the common man. On the other hand, few of these plans actually became as successful as the HARP 2.0 program a Federal program instituted by the Obama Administration. The HARP (Home Affordable Refinance Program) 2.0 program is intended to help homeowners that are underwater on their mortgage. By "help" we mean that homeowners underwater on their mortgage can actually refinance their home. As such, the program not only helps the average homeowner, but also the financial institutions that gave out the loans in the first place as homeowners will have less of a chance to default on their payment.

Clarifications of the HARP 2 Program

The HARP loans program has some basic parameters that one should familiarize themselves with when applying:

Your loans must have been purchased by Fannie Mae or Freddie Mac by May 31, 2009. (Meaning if you acquired your home after 5/31/09, you are not eligible for HARP 2).

You can have an unlimited Loan to Value (LTV) with HARP 2.0. This means can owe 0K and your home could have a value of 0K and you would still quality.

Waiving the fees for borrowers that choose to take on shorter term mortgages during the refinance (some people do wish to go from a 30 Year Fixed to a 20 Year Fixed, for instance)

To qualify, borrowers must be current on their mortgage for the last 6 months, and have no more than one late payment over the past year. If you have more than one late payment, you may need to wait and catch up until you meet the HARP requirements.

New appraisals may not be needed to qualify save up to 0 in most cases on an appraisal!

History of HARP

The HARP program was created in 2009, right after the economic crunch in 2008. This program was specifically made to cater to people having a loan-to-value ratio (LTV) exceeding 80% to have the ability to refinance without facing the pressure of paying for mortgage insurance. During the start of this only those people having an LTV less than of 105% were allowed to qualify. However, in that same year, the figures were revised and the HARP 2 refinance program was expanded to also cater for those people having an LTV of up to 125%. This was seen as a failure and thus HARP 2 was born. The biggest change is obviously the unlimited LTV as opposed to the 125% LTV.

There is now talk of HARP 3 which would extend the ability to refinance to all underwater homeowners. So even if you don't have a Freddie or Fannie loan, you would still be able to refinance. This would be a home run for America if this program is passed.

Thursday, August 30, 2012

First Choice Capital Resources Us Review

A controversial subject like the first choice capital resources which is a payday loan lender as you already know inspires strong feelings in a great many people, on both sides, for and against. With subjects such as the first choice capital resources, usually a lot could be learned by examining each side, in turn. A good analysis would require a dispassionate study of each side and the reasons in support of positions. Let's calmly examine both pros and also the cons about the first choice capital resources:
Ready? Then let's start. First the Pro, in favor of/in support of:
The leading point in support of the first choice capital resources is that is has some great customer testimonials and some promising points to get fast money if you need it..
The second supporting point shall be that you can borrow the money for a lot of things like payoff bills or just go on a vacation..
A 3rd favorable point is that you can get your money quite fast.Often you only have to wait 1 hour if you are accepted..
A fourth big benefit is that after accepting you only have to wait 2 days and the money is there.Directly into your bank account.This way you get your money as fast as possible.
And on the other hand, to keep this balanced, there is Con; Against:
The main point against the first choice capital resources is that payday loans can lead you in bankcruptcy if you overdue it.Only borrow money you need!.
And the second negative point is that there website is very clean and you have to take a look around to find the faq section.
3rd point against will be that a lot of people are thinking these kind of loans are a scam even though it is a good thing if you need money fast..
4th point in contra will be that you have to tell them your financial situation and this can be difficult.If you have a bad situation then your loans should not be accepted..
5th and then finally, last point in contra is going to be that every loan is a bit of risk.Please only get on if you really need it.Maybe you have to to payoff bills or need it for a emergency situation..
So there you have it, the good qualities along with the cons, the points in favor and the points against.
So, in your final analysis is the first choice capital resources a good thing? or just a bad thing?
Both questions seem to have a "yes" answer! The first choice capital resources is both good and bad. It has to be left up to your reader to make the decision. Which side, the good or the bad, has got the preponderance of weight of opinion?

Wednesday, August 29, 2012

A Brief Review On Credit Repair Companies

What do you mean by Credit? The actual meaning of Credit is that you are utilizing somebody else's money to pay up for things. It as well means that you are building a Promise to pay back the money to the Company, Organization or a person who loaned you the money. Whenever a Person puts on for a mortgage, Loan, a Credit Card or for any other purpose for which he requires to borrow money from a bestowing Agency, the Agency will ascertain the financial Credit-worthiness of the individual and based upon its appraisal of the fiscal risk involved in the deal, that Agency will settle upon all the terms and conditions of conceding credit.

You must research just before you get going towards any Company. Credit Repair which is purely legal can better lower interest rates, Credit scores and save customers money. Whether you have no credit or bad credit, Bad debt-credit Loans may be advantageous in helping you to build or repair credit.

A positive judgment requires an effectual financial background and a Credit history with no tough remarks. The truth here is that the Credit Repair Industry has ascertained its fair share of fake companies. There are lots of well accomplished and extremely successful Credit Repair Companies working today that have been offering Credit Repair Services to the public for decades.

These organizations or companies have utilized their knowledge and experience of the laws encompassing the Credit Reporting Systems to help hundreds of Americans lawfully improve their Credit scores. The great News is that there is a much popular and quickest way to accomplish Bad credit repair.

Credit Repair' is a process in which users with adverse Credit histories seek to re-build their Credit-worthiness. The process normally involves securing a Credit Report from the Rating Agencies and then taking suitable steps to handle any evident issues such as errors, misinformation, omissions, misinterpretation or misreporting.

A customer can then officially dispute those issues or errors which unjustly twist their f credit-worthiness and financial healthiness. Various laws, rules and regulations are organized to ascertain legal and fair attempting of the Credit Repair Process can then be used to legally and formally begin the Credit Repair Process.

There are lot of ways of mending Bad Credit and reckoning on your Budget and Credit Rating you may wish to select the best obtainable solutions. There are many Credit Repair Methods you can utilize and you will determine best resources on this on the Internet. With Credit Repair services, after signing up once, it will probably take several months and perhaps many thousands of dollars before you assure if you have take a good decision. There are lots of Companies which offer this service.

Tuesday, August 28, 2012

Small Business Incorporation: Are Your Personal Assets Really Safe?

Many entrepreneurs understand the benefit of small business incorporation, but they don't realize how easy it is to lose their "corporate status" if they get sued or end up in bankruptcy. This is dangerous because then the court can come after their personal assets (like their house, car, savings, etc)!

Today, I will review a little bit of why incorporating is so important for small business owners, and then tell you five simple steps you can follow to protect your personal assets, even if your business gets sued or goes through bankruptcy.

Small business incorporation makes sense for a couple of reasons. First, because it protects you from personal liability, and second, because it offers you some great tax advantages. For today, we're going to just focus on the personal liability part.

When you incorporate, your business becomes like another person. This other person has it's own bank account, it can own things like property, and it can take risks. Even if that "other person" (your business) goes completely bankrupt or gets sued, you are safe (assuming you do everything correctly).

This is important because many new businesses fail, but you as the entrepreneur don't want to fail. You want to pick yourself back up and start your next business which will be even more successful. Failure is a necessary way to learn, so we want it to be as painless as possible. Small business incorporation is the key to doing just that.

When everything works like it should, then yes, you personally are protected. But there are certain situations where your corporate status doesn't help you out, and every business owner should be aware of them!

You see, setting up a company gives you so much protection from liability, that unethical people in the past have tried to take advantage of it. They have gone through small business incorporation just to create "shell corporations", or businesses just for the purpose of liability protection, to help them get away with various crimes.

Of course, the law had to be modified to weed out these people and make sure they were appropriately prosecuted. But in the process, the requirements for honest small business owners became tougher. Some extra steps are now required to make sure your corporate status stays intact.

By the way, whenever a court decides to waive the corporate protection and actually prosecute the owners behind the company personally, they call it "piercing the corporate veil". (Lawyers always like to come up with fancy names for things.)

Following are the top five ways to protect you personal assets after going through small business incorporation. Make sure you do these correctly, and you can be sure that even if your business experiences a colossal failure, or gets sued out of existence, at least your personal assets are safe and you can start over.

1. Never Engage in Fraud or any Criminal Act

This sounds simple, but many small businesses owners unknowingly break the law. Never sell a product you know is defective or doesn't work, misrepresent something in your advertising, forge any signatures, or pull a bait and switch (offer a great deal to get people in the door only to tell them it is out of stock so you can sell a substitute.) Run your business honestly and with integrity every day, and it will pay off in the long run.

2. Never Misrepresent Your Corporate Officers or Members

Don't ever lie about who is involved in your company. When it comes time to ask for investors, or get people to support you, you may be tempted to exaggerate about who is actually working with you. If they haven't actually signed your operating agreement (an important step in small business incorporation), then they aren't your partner.

3. Make Sure Your Follow All Corporate Formalities

If you are going to claim you are a company, then you'd better act like a company. Small business incorporation requires plenty of little steps that can be easy to forget. That means you have to file all important documents and keep records of them (your operating agreement, articles of incorporation, and DBA for example). You also have to keep detailed financial records. You could pay a lawyer to put all these together for you, but this will cost you thousands of dollars. I recommend taking the time to learn these relatively simple steps yourself. There are some great resources out there.

4. Keep Your Business and Personal Assets Separate

The business has to have it's own bank account. The money in that bank account is not your money. It belongs to the business. In fact, if you decide one day come along and take some money out to buy yourself a Hawaiian vacation, that is called embezzlement (a crime)! Often, the first time through small business incorporation, new business owners (especially if they are the sole owner) don't understand this concept. The money in the company is not theirs. The company is like a separate person, and all assets must be treated as such.

5. Never Treat the Business' Assets as if They Were Your Own

Don't deposit your personal checks into the corporate account. Don't use company money to finance your personal life and hobbies. Don't lend the company car to your buddy for a weekend excursion. Don't set up a cot in the back of the office and start living there! Again, the business and yourself are two separate people. Treat them accordingly.

With these five basic steps, you can be sure your small business incorporation holds up in court in the event your business goes under.

Many successful business people, from Donald Trump to John D. Rockefeller, went through periods of ups and downs in their life. Not every company they bet on was a success. But they managed to survive and lived to fight another day because they where smart enough to go through small business incorporation correctly. They followed the above five steps to make sure they wouldn't lose their corporate status in the event of a lawsuit. They made sure that their personal assets were safe, even if the company went bankrupt.

Monday, August 27, 2012

January 2011: New York City Office, Retail And Industrial Market Report

Three major trends as we start 2011

Foreign money is looking to buy Manhattan office and residential buildings by paying prices beyond those that make economic sense for domestic buyers.

Retail Landlords are actively seeking pop up stores to replace failed retailers. Landlords are still not willing to negotiate with struggling retailers.

The Manhattan Office market is a tale of two cities. Wall Street and Law firms have gone from net firing to net hiring. These two employer categories are economic engines for Manhattan and consumers of Class A office space. The other side is N.Y. State and N.Y. City governments that are shrinking and existing N.Y. firms are down- sizing on renewals. The net result is a continued slight tightening on the Manhattan office market over the next year.

New York City Market Overview:
Mayor Michael Bloomberg's budget director has ordered a 20 percent reduction in planned spending for the city's 10-year construction plan, due to the struggling economy. It's unclear which projects will be cut, but budget director Mark Page asked the city to identify work that can be postponed or canceled.

New York City has, one million square feet too much real estate. We have to look at where we own, where we lease, the air rights and development rights and look broadly to return as much as possible to the private sector. Possible places that can be downsized are the 50 data centers and 100 garages in the city.

Midtown South pushes Manhattan vacancy rate down. Overall vacancy rates in Manhattan declined in November to 12.3 percent, from 12.4 percent in October. The decrease was largely in part to a number of smaller transactions in the Midtown South market, which saw strength across most of its submarkets, with vacancy rates falling to 12.2 percent from 12.8 percent. The average asking rent in Manhattan saw a small boost last month, rising to .57 per square foot, from .23 in October.

Mortgage delinquencies across the country are expected to decline significantly in 2011 as the economy continues to stabilize. The national mortgage loan delinquencies, the number of borrowers 60 or more days past due, will drop close to 20 percent by the end of 2011 to 4.98 percent, from an expected 6.21 percent at the end of 2010. The projected decrease in 60-day mortgage delinquencies would more than double the 9.87 percent yearly decline that is expected between the end of 2009 and 2010, from 6.89 percent to 6.21 percent.

Office tenants in Midtown leased more space in November than in any month since the middle of 2006, as new office leasing rang in at double the monthly average. The month's robust leasing activity, the largest single-month total since June 2006, was achieved by deals of all sizes across the entire market. Tenants struck relocation or expansion deals for more than 2.4 million square feet in Midtown, compared with 1.2 million square feet the month before.

New Developments
Columbia University may be moving forward with plans for a .3 billion expansion after the U.S. Supreme Court rejected an appeal by local businesses whose properties may be subject to eminent domain. The justices refused to question findings by a state development agency and said that the area is blighted and that the expansion has a legitimate public purpose.

Several years back, retail giant Walmart tried to open stores in Queens and Staten Island, but backed off after fierce community opposition. Now the discount chain store is trying again to break into the New York City market, since it believes dynamics have changed, with the city becoming more receptive to similar stores like Target and Ikea. Walmart is looking at properties in each of the five boroughs, and hired Mayor Michael Bloomberg's former campaign manager to help organize its lobbying efforts. A site in East New York was under consideration, but opponents of the project fear that Walmart will be bad for smaller local businesses which cannot compete with the retailer's low prices.

The U.S. hotel industry posted improvements across the board last week, with all of the key metrics showing increases in year-over-year comparisons. Occupancy rose 4.7 percent to just under 50 percent, while average daily rates inched up by .5 percent to .87. Revenue per available room, or revpar, was up 5.3 percent, to .31. Investors are once again taking an interest in the U.S. hotel market after steady improvements in recent months.

JER Partners is to market the million mortgage on Kent Swig's 80 Broad Street, putting the embattled developer at risk of losing the 36-story office building. Swig defaulted on the loan earlier this year, and could lose control of the Lower Manhattan property should a buyer pick up the note and decide to foreclose. This is not the first time that Swig's ownership of 80 Broad Street has fallen into jeopardy. This summer a mezzanine lender attempted to foreclose on the building.

The newly built Courtyard New York Manhattan/Soho opened at 181 Varick Street, between King and Charlton streets in the Hudson Square area. The 20-story Marriott hotel features a fitness center and a business lobby equipped with Wifi, Starbucks and Table 181, a wine bar. The 120-room hotel includes 36 double-bedded rooms and one king suite, with several rooms offering glass-walled views of the Hudson River or the Manhattan skyline.

The developer of the planned brick and aluminum twin condominium conversion in Tribeca is trying to flip the site before the shovels have even hit the ground. Alvaro Arranz, principal of a major Spanish construction firm, bought the warehouse at 401 Washington Street and its neighboring parking garage for million in 2007. Now, after hiring architect Morris Adjmi to design a mirror-image aluminum version of the warehouse on the garage site, and obtaining all of the necessary approvals to carry out the conversion plans, Arranz is hoping a new investor will pony up million to take over and finish the job.

At times, this city can seem like an ocean of distress. Half-built or unsold condos abound. Office buildings dot marginal neighborhoods offering low rents to stay full. Loans secured by real estate are in trouble. Yet, distressed commercial inventory can be elusive, kept off-limits by banks waiting for a full recovery and perhaps mindful that in the last downturn, in the early 1990s, they may have let go of valuable real estate too soon. Nonetheless, some are figuring out how to wrest control of these troubled properties.

Troubled lender iStar Financial has reached a deal with Los Angeles investment firm CIM Group to recapitalize the debt on Trump Soho, the condominium-hotel at 246 Spring Street. iStar has been substantially paid down and all project, indebtedness has been extended as a result of new debt financing.

Extell Development got two steps closer to getting the go-ahead from the city on its 3.1 million-square-foot Riverside Center project, with unanimous approval from two City Council committees. The 'yes' votes by both the Committee on Land Use and the Subcommittee on Zoning and Franchises are hopeful signs for the project as it heads to a final vote by the full City Council later this month.

Waterscape Resort, the owner of the new, 50-story Cassa Hotel and Residences at 66-70 West 45th Street in Midtown is suing its construction firm for million, alleging that the firm never obtained insurance to cover defaults by its subcontractors. Pavarini claims, however, that it did get the insurance and paid hundreds of thousands of dollars in premiums. In June 2007, Waterscape hired Pavarini to build Cassa, which is developed by Assa Properties. Under the agreement, Pavarini was obligated to purchase Subguard insurance to protect against potential default by its subcontractors.

Home Depot is reaping the benefits of Americans' increasing willingness to invest in home improvement projects. The retailer, which reported stronger-than-expected sales last month, upped its predicted earnings for the second time in two months. The company now pegs its expected income for fiscal 2010 to be .97 per share, up from its previous estimate of .94 per share.

CCLC, a national child care provider, plans to build its first-ever child care center in New York City at 90 Park Avenue, between East 39th and 40th streets. CCLC @ 90 Park Child Care Center is to open in spring 2011, and can accommodate up to 68 children between six weeks to five years old. In addition to backup child care, approximately half of the spaces will be available for regular, full-time enrollment by local families. CCLC is also considering additional backup care center locations downtown and near Columbus Circle.

Pharmaceutical giant Pfizer has paid a .7 million penalty to the city for relocating some of its corporate offices to New Jersey and Pennsylvania after receiving tax abatements and other incentives intended to keep jobs in New York. The company originally struck a benefits deal with the city in 2003, when it employed 5,300 people here, and in 2005, asked for more incentives as it increased its New York headcount. But as of this summer, the staff at Pfizer's East 42nd Street global headquarters had fallen to 3,837, down from a peak of over 6,500.

A Greek Orthodox Church destroyed by debris from the Sept. 11, 2001 terrorist attacks is suing the Port Authority of New York and New Jersey over a failed deal to rebuild its home. In the claim, leaders of the Church allege that the agency engaged in arrogance, bad faith and fraudulent conduct when it withdrew in March from negotiations over a 2008 rebuilding agreement, citing excessive demands by the church.

Law firm Winston & Strawn has inked a deal to renew and expand its New York City offices at 200 Park Avenue. The 280,000-square-foot lease is likely the second-largest for a law firm this year, behind Proskauer Rose's 400,000-square-foot lease at 11 Times Square. Winston & Strawn, whose clients include Goldman Sachs, Bank of America and Ernst & Young, has been located in the building since the mid-1990s, and this deal represents one of several expansions for the firm since then.

Lender Deutsche Bank is not expected to accept the full payoff of the defaulted loan on 3 Columbus Circle. Developer Joseph Moinian bought 3 Columbus Circle, also known as 1775 Broadway, in 2004, refinanced it two years later with a 0 million loan, and then defaulted on the mortgage earlier this year. In September, Related Cos. bought the 0 million mortgage and moved to foreclose on the property, intending to destroy it and create a larger building.

Foreign exchange market brokerage FXDD has moved to a new office at 7 World Trade Center. The firm, which was previously located at 75 Park Place, signed a 13-year lease for the 40,000-square-foot office. FXDD has already moved into the new office to accommodate its growing roster of employees.

Facebook has inked a deal to lease two floors at Milstein Properties' 335 Madison Avenue, the former Biltmore Hotel, between 43rd and 44th streets, and could expand to as much as 150,000 square feet there. That's enough to house up to 600 employees, at a time when the social network is reportedly getting ready for an aggressive hiring push for new advertising sales representatives in the city. Currently, the company has 15 open positions in New York and a 5,700-square-foot office in Midtown that's already overcrowded.

In the largest lease deal of the year, Paris-based financial firm Societe Generale agreed to take up to 560,000 square feet at 245 Park Avenue, moving east from offices on Sixth Avenue in Rockefeller Center. And also last month, Natixis, a Paris- and Boston-based money manager, signed a 16-year deal for 182,200 square feet on the third, fourth and fifth floors at 1251 Sixth Avenue. The actual starting rent was per foot, and included per foot in landlord improvements and 12 months of free rent.

Gene Kaufman, the founder of Gene Kaufman architects, is currently working on several new projects, including a Hyatt hotel in Union Square, a Marriott Courtyard at 35th Street in the old Atlantic Bank Building, a Holiday Inn on Delancey Street and a Holiday Inn Express in the West 40s.

The last few months have brought several new stores to the trendy Soho neighborhood. The American Eagle Outfitters flagship store at 599 Broadway . The Kardashian sisters opened a new clothing boutique called Dash at 119 Spring Street. More than 20 stores have recently opened up in the area, from indie boutiques like Wendy Nichol at 147 Sullivan Street and Realm at 98 Greene Street, to global brands like Chanel, which renovated its location at 139 Spring Street, Moncler at 90 Prince Street and AllSaints Spitalfields at 512 Broadway.

Bloomberg LP is seeking an additional 300,000 square feet near its headquarters at 731 Lexington Avenue and East 59th Street, which would expand its current space by one third. The company already rents nearly 900,000 square feet at 731 Lexington Avenue, but there is no more room available at the 1.3 million-square-foot property, which is owned by Vornado Realty Trust. Over the last year, the company has added close to 500 lawyers. It was unclear where Bloomberg was looking but sources said there is a large block of space available at 601 Lexington Avenue, a Class A building owned by Boston Properties.

A renovation is underway at the Battery Park City Regal Cinema in the Embassy Suites Hotel, owned by Goldman Sachs. The box office and entrance to the theater are being moved to the second story, and the newly vacant space will be absorbed back into the hotel. Embassy Suites is also being redesigned. The hotel is slated to close in early January for a gut renovation that will transform it into a Conrad Hilton.

Industry expert's battle proposed mortgage interest deduction changes Industry leaders are riled over a federal proposal to overhaul the mortgage interest tax deduction. The deduction, which allows homeowners to deduct interest on their mortgages of as much as million, would be curtailed under the proposal. Among the changes would be a 0,000 mortgage cap and a 12 percent non-refundable tax credit made available to all. The panel, which has been tasked with reducing the national deficit by trillion over the next decade, said that the tax deduction could be siphoning too much cash out of federal coffers.

City officials and developer Alexandria Real Estate Equities unveiled a new, 310,000-square-foot science park today at 450 East 29th Street, the first of the collaborators' three planned life science facilities for a vacant stretch of land along First Avenue. The Alexandria Center for Life Science, located on a three-acre, city-owned site, has benefited from millions in city, state and federal funding.

A new rezoning plan organized by the Department of City Planning and Manhattan Borough President Scott Stringer is taking shape in West Harlem, where an expansion in Manhattanville by Columbia University is underway.

The saga of the Second Avenue Subway continues, and this time it's not only struggling businesses worried about their livelihood or residents being temporarily displaced from their homes. The owner and residents of the Yorkshire Towers, a rental complex at 305 East 86th Street, filed suit yesterday to force transit officials to justify planned entrances for the Second Avenue Subway in front of their building. Yorkshire Towers Co. and the Yorkshire Towers Tenants Association say the proposal means nearly 9,000 commuters will flood the sidewalk during the morning peak hour for entry and exit at the building.

A team of investors led by Todd Lippiatt of Aristone Realty Capital has come to the rescue at 245 10th Avenue, the 11-story condominium near the High Line that had been facing a foreclosure action and several lawsuits. The investors have bought out the debt holders at the property, including Citigroup and Hudson Realty Capital, which had filed to foreclose on their .3 million mortgage last March. Now, with the foreclosure action withdrawn, and the lawsuits, filed by contractors over allegedly unpaid work, settled, the project is on schedule to debut in the spring.

A high-end residential development in Greenpoint that was funded in part by basketball great Magic Johnson and that failed as a condominium but survived as a rental was sold in bankruptcy for .2 million. Brooklyn investors Chaim Gross, Martin Friedman and Joseph Brunner signed a purchase agreement for the 130-unit property known as Viridian, at 110-130 Green Street between Franklin Street and Manhattan Avenue.

The city is seeking to lure a "top caliber academic institution" to open a new graduate engineering school campus with the promise of as much as 0 million in real estate and other public contributions. The city is concerned that it is falling behind its peers in attracting technology start-ups and may offer up properties like the former hospital sites at the Brooklyn Navy Yard and Roosevelt Island.

William Beaver House, the Andr Balazs-designed Financial District condominium that was just bailed out by the Los Angeles-based CIM Group, is going partially rental under its new ownership. The 333-unit tower, which had been facing a foreclosure lawsuit prior to the takeover, was part of a three-piece deal in which CIM agreed to buy the debt on two troubled Sapir Organization buildings (Trump Soho and Beaver House) and take an equity stake in another (11 Madison Avenue). CIM purchased the loan on over 200 unsold condos at the Beaver House and subsequently took ownership through a deed-in-lieu of foreclosure.

A Joseph Moinian-Stephen Ross battle for tenants may be underway, with Moinian planning to build a new office tower just north of Related Companies' billion West Side rail yards development, which is currently seeking office tenants. Although Moinian hasn't divulged too many secrets about his new development, set to break ground on 11th Avenue between 34th and 35th streets, he did say he plans to begin marketing the 1.6 million-square-foot tower. While the timing of Moinian's announcement may be brushed off as mere coincidence, the developer said he'd been planning the project for five years. The Related CEO has been angling to foreclose on Moinian's 3 Columbus Circle office building.

Negotiations have resumed between the U.S. Postal Service and the New York City Department of Education, in a deal that would turn the Peck Slip Post Office in Lower Manhattan into a 400-seat elementary school. The postal service first entered talks with city officials to sell the property this past summer, after putting the 70,800-square-foot building at 1 Peck Slip between Pearl and Water streets on the market in the spring. But negotiations deadlocked and the proposed sale, which officials say could help alleviate Lower Manhattan's overcrowded schools, appeared to be in jeopardy.

Brooklyn Borough President Marty Markowitz has officially thrown his support behind a proposed "Skyscraper Historic District" designation for Downtown Brooklyn, with a handful of modifications. Markowitz said he would omit the 75 Livingston Street co-op building from the district, as the co-op owners have requested, and also said he'd continue a planned retail conversion for a portion of the Borough Municipal Building, one of the protected structures in the landmark plan. Community Board 2 has already voted in support of the plan, which would protect several of the neighborhood's most notable buildings, including Borough Hall.

In keeping with Mayor Michael Bloomberg's recent initiative to bolster the research science industry in New York City, the mayor's office announced a new effort to bring an engineering campus to the city. The initiative is to bring a new, state-of-the-art applied sciences research school to the boroughs, something he believes would help develop a 21st-century innovation economy. The city is prepared to make a capital contribution of an undisclosed amount toward the development of this campus.

The Related Companies is plowing ahead with its preliminary construction work at the 26-acre West Side rail yards site, between 30th and 33rd streets, 10th Avenue and the Hudson River, which it ultimately plans to transform into a massive office, retail and residential destination. The developer is hiring a contractor to demolish the 60,000-square-foot former metal products distribution center that stands on the site of its first new rail yards building, an 800-foot tower with 1 million square feet of office space and 25 floors of apartments.

U.S. foreclosure activity dropped to its lowest level in nearly two years in November, as the country's biggest lenders put the breaks on their proceedings amid allegations that they'd been taking over properties without properly verifying the paperwork. The country's 262,399 foreclosure filings represent a 21 percent month-over-month and a 14 percent year-over-year decline, the largest in almost six years by both measures. In New York City, there were 863 foreclosure filings last month, down 41 percent from the 1,466 filings recorded in October and 56 percent from the 1,949 filings in November 2009.

The Port Authority of New York & New Jersey has hit the halfway point on the construction of 1 World Trade Center, the 3 million-square-foot skyscraper being erected on the former site of the Twin Towers. Currently rising 52 stories, the 1,776-foot, Skidmore, Owings and Merrill-designed tower will eventually be New York City's tallest.

Jay-Z has reached a settlement with his lenders over the site of a planned boutique hotel near the High Line and has deeded the property back to them for the value of the senior mortgage. The hip-hop mogul, whose given name is Shawn Carter, had partnered with real estate investors Charles Blaichman and Abram Shnay to purchase the site, a former Time Warner Cable warehouse at 511 West 21st Street, in 2007. The property was to become the first of many J Hotels, but the plan was foiled when the partners defaulted on their million senior loan in August 2009, prompting a legal battle over their interest payments.

Tenants at Stuyvesant Town and Peter Cooper Village allowed a year-long freeze on their landmark class-action lawsuit regarding rent overcharges to expire, but warned that a settlement was not likely before the end of the year, which could lead to a resumption of the case.

A joint venture between Fisher Brothers, BlackRock and a California pension fund won the 95-unit Upper West Side apartment building Park Columbus with a bid of million in a bankruptcy auction. In March, embattled developer Yair Levy lost the building located at 101 West 87th Street that he had tried to convert to condominiums, in foreclosure to Garrison Residential Funding. The mortgage and other debts totaling .6 million will be wiped out once the closing occurs.

HSBC is restarting foreclosures in New York State after a nearly two-month reprieve. The bank, along with peers like Bank of America, JPMorgan Chase and Wells Fargo, had halted foreclosure proceedings, revealing widespread errors in foreclosure documentation. HSBC is the first major bank it owns, around one-tenth of New York mortgages to restart proceedings since then (BofA has announced that it will resume foreclosures for vacant non-owner-occupied properties next month).

A new 2 million package of grants approved by the New York State Homes and Community Renewal will help build three Brooklyn developments and will preserve 541 units of affordable housing, while creating jobs and stimulating the local economy. The three Brooklyn projects: 25 Washington Street in Dumbo and Downtown Brooklyn's 388 Bridge Street Apartments and 29 Flatbush Avenue will each receive a portion of the funds and will have units set aside for low-income tenants.

Details of the New York Aquarium's planned 0 million renovation have emerged, with the project set to be completed in 2015. The aquarium, which attracts roughly 750,000 visitors a year at its Coney Island spot on the corner of Surf Avenue and West 8th Street, will receive a new, glimmering facade in the development, as well as a new 50,000-square-foot shark attraction.

A year after Thomas and Frederick Elghanayan formed TF Cornerstone, breaking off from their brother Henry and the Rockrose Development Corporation, Frederick, 62, opened up about the young company's success so far. People said it was impossible to get construction financing, but we've had a lot of interest in banks giving us construction money. TF Cornerstone broke ground three months ago on a 41-story, 380-unit apartment building in Long Island City with the foundation slated for completion in the next two weeks. The company also gave foundation orders last week for another New York City building.

SouFun Holdings, , plans to spend million to acquire the former training center of American International Group in Manhattan, with the purchase expected to be close in the first half of 2011. The training center includes a 250,000-square-foot building at 72 Wall Street. SouFun, said it will partner with selected universities and colleges in the U.S. to train its expanding management, staff and clients in the former AIG center.

Extell Development plans to start with its 34-story International Gem Tower building in March with or without a construction loan. The developer's equity partners in the project have agreed to invest the funds needed that many lenders have shied away from in recent years. The Diamond District commercial condominium currently has 150,000 square feet worth of commitments from buyers, which works out to around 20 percent of the building.

Pace University has signed an agreement with SL Green Realty for a 24-floor residence hall to be constructed at 180 Broadway.

Discount department store Daffy's has signed a lease for 28,000 square feet in the former New York Times building in Times Square, in a coup for Africa Israel USA, which had been struggling to find tenants there since it purchased the property at the height of the market. Last year, the company changed course at the 750,000-square-foot building, at 229 West 43rd Street, moving to convert it into retail space, a hotel and condominiums.

Silverstein Properties has delayed its scheduled sale of .3 billion in tax-exempt Liberty Bonds to finance the first of the developer's three office towers at the World Trade Center until the bond market stabilizes. The municipal bond market has been erratic in recent weeks as borrowers have rushed to take advantage of the federal Build America Bonds subsidy program, which may expire soon without an extension from Congress. With an expected completion date of 2013, the 4 World Trade Center project has already risen through the 10th floor but needs the bonds to fund the rest.

Ailing Anglo Irish Bank underwrote hundreds of millions of dollars in real estate debt in New York during the boom and is now unloading a .5 million mortgage secured by a package of apartment buildings in Upper Manhattan, owned by Vantage Properties. Anglo Irish, based in Dublin, is in financial distress after billions of dollars in global real estate loans went bad. Ireland's central bank, which provided financing for projects such as the Apthorp and 225 Rector Street, is winding down operations. Demand for note sales is higher than for actual properties.

New York City Buildings sold
Google paid .77 billion in cash for its new office at 111 Eighth Avenue. Google will occupy 550,000 square feet in the 2.9 million-square-foot Chelsea building, located between 15th and 16th streets. Google's ability to pay cash helped it succeed in the purchase.

MCR Development has acquired a portfolio of 10 Marriott and Hilton hotels for 4 million, marking one of the largest hotel deals in the country so far this year. The collection of mostly extended-stay hotels, include 1,100 rooms across New York, New Jersey, Connecticut and Pennsylvania. The seller, developer Briad Group, held onto the portfolio longer than it intended. Briad, who built the hotels between 2007 and 2010, chose to ride out the recession before unloading the properties.

Brooke Astor's 14-room duplex at 778 Park Avenue, once listed for million, is now in contract. The apartment, which takes up the 15th and 16th floors of the Rosario Candela-designed building, has been on the market since Astor died in 2007, most recently, for .9 million.

Los Angeles-based investment firm CIM Group has picked up an equity stake in yet another Sapir Organization-developed property, 11 Madison Avenue. The news comes on the heels of CIM's deal to purchase a stake in both the Trump Soho and William Beaver House. CIM is buying the property, which overlooks Madison Square Park and serves as the headquarters for Credit Suisse, for an undisclosed amount.

Aby Rosen's RFR Realty sold a two-story corner retail property at 451 Lexington Avenue at 45th Street in Midtown for .7 million. A Connecticut-based buyer identified as 451 Lexington Realty went into contract on the purchase. RFR Realty bought the 13,585-square-foot property in 1992 for an undisclosed sum. A one-story portion of the property is leased to fast food-restaurant Sbarro while a two-story portion is leased to McDonalds. There are three other tenants as well.

SL Green Realty has agreed to buy close to 1 million worth of office and retail investments from Gramercy Capital. As part of the deal, SL Green will own the land and lease fee for three properties, the Lipstick Building at 885 Third Avenue, 2 Herald Square and 292 Madison, but will also assume about 6 million in debt. SL Green will pay million to buy Gramercy's 45 percent joint venture interest in the Lipstick Building, million for their interest in 2 Herald Square and million for 292 Madison's land and lease fee.

Developer Craig Nassi sold the former Midtown offices of the Jewish Daily Forward to a Los Angeles-based entity called NYC Hotel 33 LLC for million in a quick flip after buying the property the same day from the long-time owners. Nassi's BCN Development had planned to build a 108-unit condominium at the six-story site at 45 East 33rd Street known as the Workmen's Circle building.

The West Village's Bleecker Street is now home to the third-most expensive storefronts in the city. Three properties were sold this week for million, or ,700 a square foot. Private real estate investment firm Beck Street Capital sold 367-369, 382-384 and 387 Bleecker Street, with tenants such Michael Kors and Burberry signing long-term leases. Since 2003, Fifth and Madison avenues have been the only retail areas to fetch higher prices than the West Village.

One of North Williamsburg's few remaining vacant lots along Kent Avenue has been purchased for million by an entity called Waterview Lofts LLC. The previous owner of the 40 North 4th Street site, Matarese/Mandella LLC had filed a permit to construct a new seven-story building there in 2008, but has apparently run into financial trouble since. In May, the owner was hit with a lis pendens which marks the beginning of the foreclosure process. The area is ripe for new development, with nearby 175 Kent Avenue and 224 Wythe Avenue both taking shape in recent months.

NYC Buildings For Sale
Schrager took a pass on the Hotel Chelsea after touring the for-sale landmark. The 127-year-old property at 222 West 23rd Street, famous for having housed literati like playwright Arthur Miller and rock and roll stars like singer Patti Smith, went up for sale in October for the first time in over 65 years and is to be asking around million.

Zamir Equities is selling off its leasehold on the 43,000-square-foot Fifth Avenue building that houses retailer Quicksilver on the ground floor. The 10-story property, which sits between 48th and 49th streets and has an address of 587 Fifth Avenue, is 95 percent leased, including the few floors taken up by Zamir's jewelry business. Zamir's leasehold extends until 2079 and Jane Goldman owns the land beneath the building.

The Philip Coltoff Center properties on Sullivan Street will be going on the market, as decided by a unanimous vote last night by the Board of Trustees of the Children's Aid Society. The sale of the Greenwich Village properties has been opposed by local residents, including Brooke Shields, as well as parents, one of whom has filed a lawsuit to stop the school from closing. Though there is no official listing yet, an earlier estimate valued the properties, one at 219 Sullivan Street and another at 177 Sullivan, to be worth between and million.

New York Office Leases:
Total Manhattan Office Class A vacancies decreased from 22.75 million RSF to 22.11 million RSF.
Total Manhattan Office Market vacancies decreased from 35.80 million RSF to 34.87 million RSF.
Total Midtown Office vacancy decreased from 21.32 million RSF to 20.80 million RSF.
Total Midtown South Office vacancy decreased from 6.40 million RSF to 6.12 million RSF.
Total Downtown Office vacancy decreased from 8.08 million RSF to 7.96 million RSF.
Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.06 million RSF to 18.73 million RSF.
Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.26 million RSF to 2.06 million RSF.
Total vacant Office Direct Space in Midtown South Manhattan decreased from 5.78 million RSF to 5.56 million RSF.
Midtown South Manhattan Sublease vacancies decreased from 0.62 million RSF to 0.56 million RSF.
Total Downtown Manhattan Office Direct Lease Space decreased from 6.81 million RSF to 6.80 million RSF.
Total Downtown Manhattan Office Sublease Vacancies decreased from 1.27 million RSF to 1.16 million RSF.

NYC Retail Leases:
Total Available Manhattan Retail Space decreased from 0.86 million RSF to 0.82 million RSF./li>
Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.25 million RSF./li>
Midtown South Retail space vacancies decreased from 0.50 million RSF to 0.46 million RSF./li>
In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF./li>

New York Industrial Leases:
Total Manhattan Industrial Vacant Space increased from 0.17 million RSF to 0.18 million RSF.
Midtown vacancy stayed at 0.07 million RSF.
Midtown South Industrial space vacancies increased from 0.09 million RSF to 0.11 million RSF.

Manhattan Office Rentals:
Meredith Corporation leases 212,594 sf at 805 Third Avenue.
Sesame Workshop leases 140,000 sf at 1900 Broadway.
Dorsey & Whitney leases 70,476 sf at 51 West 52nd Street.
Topps Company leases 66,684 sf at One Whitehall Street.
Cooper Square Realty leases 66,000 sf at 622 Third Avenue.
New York City Police Pension Fund leases 56,196 sf at 233 Broadway.
Schiff Hardin leases 48,164 sf at 666 Fifth Avenue.
Anthony Lawrence-Belfair Inc. leases 44,419 sf at 30 West 24th Street, 53 West 23rd Street and 49 West 23rd Street.
Altegrity Inc. leases 42,764 sf at 600 Third Avenue.
International AIDS Vaccine Initiative leases 37,000 sf at 125 Broad Street.
DeWitt Stern Group leases 36,783 sf at 420 Lexington Avenue.
Taylor & Francis Group lease 32,800 sf at 711 Third Avenue. leases
Morgan Keegan leases 28,750 sf at 535 Madison Avenue.
NBC Universal leases 28,541 sf at 135 West 50th Street.
Academy for Educational Development Inc. leases 28,000 sf at 71 Fifth Avenue.
Whitney Museum of American Art leases 27,000 sf at 300 Park Ave South.
News America Inc. leases 26,792 sf at 1185 Sixth Avenue.
AMSCO School Publications Inc. leases 26,342 sf at 315 Hudson Street.
Forefront Advisory Services LLC leases 25,030 sf at 590 Madison Avenue.
Update Inc. leases 25,000 sf at 1040 Sixth Avenue.
Buddy Media leases 23,896 sf at 21 Penn Plaza.
NewBay Media LLC leases 22,160 sf at 63 Madison Avenue.
Tremor Media Inc. leases 22,000 sf at 30 West 24th Street and 53 West 23rd Street.
HQ Global Workplaces leases 21,382 sf at 600 Third Avenue.
Wolf Popper LLP leases 21,180 sf at 845 Third Avenue.
The Shubert Organization leases 20,738 sf at 520 Eighth Avenue.
Greenwich House leases 20,000 sf at 122 West 27th Street.
The Clark Estates Inc. leases 18,900 sf at One Rockefeller Plaza.
Faunus Group International leases 18,000 sf at 80 Broad Street.
Forrest Solutions leases 17,684 sf at 19 West 44th Street.
Hertz Herson & Company LLP leases 17,548 sf at 477 Madison Avenue.
Gerson & Gerson leases 17,000 sf at 100 West 33rd Street.
Artscroll Printing Corp. leases 16,500 sf at 53 East 23rd Street.
Grohe America leases 15,219 sf at 160 Fifth Avenue.
North American Precis Syndicate leases 14,315 sf at 415 Madison Avenue.
Palantir Technologies leases 13,335 sf at 15 Little West 12th Street.
Hunter Global Investors leases 13,330 sf at 485 Madison Avenue.
Glass Lewis & Co LLC leases 13,162 sf at 48 Wall Street.
BuyWithMe Inc. leases 12,801 sf at 345 Hudson Street.
Urban Homesteading Assistance Board leases 12,644 sf at 120 Wall Street.
Canaccord Genuity leases 11,889 sf at 535 Madison Avenue.
Opera Solutions Inc. leases 11,161 sf at 180 Maiden Lane.
Kahn Lucas Lancaster leases 10,902 sf at 112 West 34th Street.
Cortview Capital Securities leases 10,793 sf at 650 Fifth Avenue.
T.Y. Lin International leases 10,400 sf at 110 William Street.
Perceptive Pixel Inc. leases 10,000 sf at 102 Madison Avenue.
BPCM leases 10,000 sf at 531 West 25th Street.
Thales Transport Security leases 10,000 sf at 317 Madison Avenue.
New York Retail Leases:
Aritzia leases 15,000 sf at 524 Broadway.
District 36 leases 14,800 sf at 29 West 36th Street.
All Saints Spitalfields leases 12,000 sf at 411-417 West 13th Street.
Nordstrom leases 11,137 sf at 350 West Broadway.
Fidelity Brokerage Services LLC leases 8,989 sf at 188 East 78th Street.
Duane Reade leases 7,300 sf at 3387 Broadway.
Tincati leases 6,000 sf at 20 East 63rd Street.
Sisu Fitness leases 4,103 sf at 600 Washington Street.
Chop't leases 3,750 sf at 520 West 43rd Street.
Consulate General of Honduras leases 3,500 sf at 255 West 36th Street.
Allison's on Fifth Inc. leases 3,000 sf at 1405 Fifth Avenue.
Dash leases 3,000 sf at 119 Spring Street.
Just Salad leases 3,000 sf at 706 Sixth Avenue.
Tribeca Food Group leases 2,760 sf at 120 Greenwich Street.
Scribble Press leases 2,600 sf at 215 West 84th Street.
CPW Tae Kwon Do leases 2,529 sf at 50 West 72nd Street.
Scottrade leases 2,200 sf at 1392 Third Avenue.
Canvas leases 1,800 sf at 199 Lafayette Street.
L2 Computer Inc. leases 1,800 sf at 726 10th Avenue.
Bric's leases 1,610 sf at 535 Madison Avenue.
Brickyard GastroPub leases 1,600 sf at 785 Ninth Avenue.
Zadig et Voltaire leases 1,550 sf at 409 Bleecker Street.
Eton leases 1,500 sf at 625 Madison Avenue.
Go Burger leases 1,450 sf at 1450 Second Avenue.
JOIE leases 1,346 sf at 1200 Madison Avenue.
Lovella Salon leases 1,300 sf at 111-117 West 72nd Street.
Eastern Image Day Spa leases 1,200 sf at 1169 Second Avenue.
Molloy's leases 1,200 sf at 737 Ninth Avenue.
Pet Ark leases 1,150 sf at 595 10th Avenue.
W W Spa leases 1,135 sf at 244 East 23rd Street.
Bauman Rare Books leases 1,133 sf at 535 Madison Avenue.
GNC leases 1,050 sf at 1755 Broadway.
Mailboxes Etc. leases 1,000 sf at 1461 First Avenue.
Turkish restaurant leases 1,000 sf at 399 West 44th Street.
New York City Buildings Sold:
1540 Broadway a 907427 sf office building was sold to HSBC Alternative Investments; Edge Fund Advisers for 4 million.
700 Eighth Avenue a 27-story hotel 1301 rooms total was sold to Rockpoint Group; Highgate Holdings for 0 million.
19 West 44th Street an 18-story office building was sold to Deka Immobilien Investment for 3.15 million.
152 West 26th Street a 22-story 280-room hotel was sold to RLJ Development for 9.9 million.
933 to 943 Madison Avenue and 33 East 74th Street Five 5-story commercial buildings was sold to JZS Madison LLC for million.
227 East 19th Street 4 commercial buildings 435108 sf total was sold to Memorial Sloan-Kettering for .1 million.
5 Hanover Square a 24-story 325000 sf office building was sold to Savanna for .98 million.
510 Fifth Avenue a 61159 sf retail space was sold to Vornado for million.
841 Madison Avenue a 4-story 18000 sf retail condo was sold to Ashkenazy Acquisition for .4 million.
509 Fifth Avenue a 12-story 48667 sf office building was sold to Murray Hill Properties for million.
859-865 Lexington Avenue and 132 East 65th Street a Development site was sold to Toll Brothers for .4 million.
147-149 West 46th Street a 4-story office building was sold to Sbp 46 Street LLC for million.
449 Broadway a 5-story 25000 sf office building was sold to United American Land for million.
237-239 East 53rd Street 2 mixed-use buildings was sold to ATA Enterprises for .7 million.
55 Mercer Street a 5-story 16600 sf mixed-use building was sold to KLM Construction affiliate for million.
125 Maiden Lane a 26000 sf office condo was sold to International Planned Parenthood Federation-Western Hemisphere for million.
35-39 Cooper Square a 28998 buildable sf development site was sold for .5 million.
256 Fifth Avenue a 6-story 12960 sf office building was sold for .5 million.
18 East 23rd Street a 5-story 9400 sf mixed-use building was sold for .7 million.
70 West 36th Street an 11,294 sf office condo was sold to KGK Group for .1 million.
70 West 36th St an 11,294 sf office condo was sold to a Software development company for .08 million.
411-417 West 13th Street a 12000 retail space was sold to Thor Equities.

legend
RSF - rentable square feet
SF - square feet

Sunday, August 26, 2012

1-800-flowers Knows How To Put Together A Great Flower Basket

Putting together great flower baskets is more a fine art than an exact science. It requires passion and creativity. That's why it's not easy to find world-class flower baskets, especially not online unless, of course, you shop at 1-800-Flowers. Decades of experience have taught these top-notch professional florists what makes a great flower basket.

Aesthetics

First of all, a great flower basket must be aesthetically pleasing. 1-800-Flowers definitely exceeds expectations in this regard. Every effort is made to ensure that the flowers used in the flower baskets remain fresh and healthy days for days, even for baskets that have been shipped over long distances. The flower arrangements are thoughtfully designed to bring out the bright, vivid colors of fresh flowers, celebrating the pure and unadulterated beauty of Mother Nature. Take for example the Pink Perfection flower bouquet which is one of the most popular gifts among lovers. The floral arrangement takes its cue from classic romance tales such as Romeo and Juliet and Antony and Cleopatra, lending the entire bouquet a touch of old-world charm and recalling the romantic excesses of yesteryear. These innovative themes evidence the amount of thought that has been put into each floral arrangement to make the flower baskets at 1-800-Flowers' a visual feast.

Emotional Resonance

However, it's not enough that a gift be visually pleasing. In order to convey your sincerity towards the recipient, your gift should also carry emotional resonance. It should send a message regarding your well wishes towards the lucky gift recipient. Fortunately, 1-800-Flowers knows how to create meaningful flower baskets as well. One only has to look at the immensely popular You're a Gem Bouquet to realize how adept the 1-800-Flowers florists are at imbuing each floral arrangement with meaningful messages. The romantic combination of hot pink and crimson red roses is paired with a keepsake gemstone an eloquent way of sending messages like I love you and You are precious to me. In fact, these subtle visual methods of conveying deep-seated emotions may actually be more effective than expressing your feelings in plain speech, especially when it comes to romantic relationships. After all, scientific research has shown that women are significantly more adept at intuitive inference that men, and are thus more likely to appreciate the deeper meaning behind these delightful gifts.

Value for the Money

Finally, a great flower basket must offer great value for money. In gift-giving, it's the thought that's put into a gift that counts more than the amount of money you spend. Giving a sincere and heart-warming gift doesn't mean having to break the bank, and with the great sales and promotional prices at 1-800-Flowers you'll never have to. Their dedication to offering customers industry-leading value is showcased by their well-stocked Sale section. A flower basket can cost as little as .99, yet look as if it were a hundred-dollar arrangement purchased from a luxury florist. At 1-800-Flowers, the florists are professional and give each and every flower basket their undivided attention, regardless of price. It is this attention to detail that sets the 1-800-Flowers discounted flower baskets apart from the offerings of less committed florists.

1-800-Flowers Coupons

To allow their customers to save even more money, 1-800-Flowers collaborates with coupon sites such as MoneyJibe.com to offer even better value to the hardworking bargain hunter. Their coupon deals give discounts on shipping fees and selected flower basket designs, helping you enjoy even greater savings.

If putting together flower baskets is an art, then 1-800-Flowers is a master artisan. Putting together beautiful, meaningful flower baskets at affordable prices is no easy feat, but this well-established online flower store accomplishes the task with great success.

Saturday, August 25, 2012

The Benefits of a GFE and Pre-Approval

Most real estate purchases are bought with loans so getting a good faith estimate and pre-approval letter from your lender helps the process start off on the right foot. The good faith estimate, or GFE for short, is required by law to be provided by lenders when you are seeking a loan. It lists out the estimated closing costs, monthly payments, and interest rates for the loan program you are looking at getting.

The pre-approval letter is provided by lenders once they have run your credit and get your income / debt information. By getting the GFE and pre-approval letter, you can be confident that the loan will get processed with no surprises. There are also additional benefits to getting pre-approval and GFE before you even begin the property search.

For one, by discussing your debt to income ratio with your lender and obtaining the GFE, you can determine your maximum price. It helps to know the maximum sales price when shopping around so that you do not waste time and energy looking a over-priced properties, and also vice verse, you do not waste time and energy looking at under-priced properties. You can find an area in your price range that fits your needs and narrow down your search. You also will determine your monthly payments with the GFE.

The monthly payments should include the property taxes, insurance, principle, and interest plus any private mortgage insurance (PMI). If the monthly payments are higher than you wanted, then you can adjust your sales price to be lower.

Another reason to get your pre-approval and GFE before starting your home search is that you may find out some issues with your credit or financial situation that you could clean up before moving forward with a purchase. For example, the first time I bought a house, I found out that I had a charge on my credit report from 3 years ago, which brought my credit score down. And with a lower credit score, I would have gotten a worse interest rate on the loan. I say 'would have' because I was able to pay off this collection and clear up the ding on my credit before going into the loan underwriting process.

Finally, by getting a pre-approval letter, you have proof for a seller that a lender has confidence in being able to fund the purchase on your behalf. This helps with presenting offers and negotiating. Many sellers will not even accept an offer unless it is accompanied by a lender's letter.

Furthermore, if you do not have a letter, the seller may counter higher given that he feels he is taking on more risk that you may not be qualified for the loan amount. Also, if you happen to get into a multiple offer situation, your offer will be much stronger with a pre-approval letter.

Friday, August 24, 2012

Home Finance And Home Loans In Uae.

Along with the growth in the Real Estate market, Dubai has experienced simultaneous growth in its home finance sector in the past three years. According to a recent study by EFG-Hermes the current outstanding loans stands at Dh 11.5 billion. It is estimated by the Egyptian investment bank that the UAE housing finance sector will grow by Dh 14bn in 2007, Dh 18bn in the year 2008, the growth is estimated to be Dh18bn in 2009 as well and Dh 14bn and Dh 17bn in the years 2010 and 2011 respectively. These figures have been derived based on an expected population compound annual growth rate of about three percent. The most dominant forces in the Emirates' home finance market are Amlak and Tamweel. They account for over 35 and 25 percentage of the industry respectively.

The Real Estate boom of the emirate has left the world spell bound, EFG-Hermes predicts that the total growth in the Real Estate should exceed the figure of Dh419bn in the years between 2008 and 2011. It has also been said that Dh 64bn will be funded through credit. The national bank of Dubai has tied up with Dubai properties for the sole purpose of finance apartments which are bought in tower H'. Tower H' is a primary tower for residential purposes at Business Bay in the project of the executive Towers. This tie up of the national bank of Dubai and Dubai properties, is more than welcome, as this tie up will ensure easy financing terms for the people who are aspiring to buy apartments in tower H'. These easy schemes will mean that people will be able t finance their dream homes with no obligations of interest repayment. In this case the loan is made available for 85 percent of the property price of a sum of 4 million AED, whichever is lower. This loan is provided for a period of 20 years.

Dubai's Islamic bank (DIB) and Al Islami home finance are also witnessing high demands from the retail customers. They have recently launched solutions that aim to meet the requirements of retail customers. These customers include both the UAE nationals and expatriates who are keen on buying property in the UAE freehold property market. In response to this high demand of the people, DIB has announced the launch of Mobile Mortgage Advisors. They are a team of mortgage sales expert who will be providing valuable consultancy at the customers door step.

Al Islami finance has launched finance solution products such as the forward Ijarah and Ijarah. Through the Advanced Eligibility Process customers get a right to choose their finance limit without first having to choose the property. The Dubai Islamic bank caters to the needs of a diverse customer profile. Also the al Islami home finance provides up to 90 percent finance and a maximum tenure of loan repayment of 25 years depending on the eligibility of their customers.

New Ways To Use Your Unwanted Tree Stump!

Alas the mighty tree had fallen, but the tree has not uprooted itself from the face of the earth, instead left a ruminant to remember. The left over ruminant is called a tree stump. A tree stump can be a very interesting left over when we consider the mighty tree it once held. However, most people tend to get annoy by the left over stump because they believe it destroys the look of their garden. Therefore, they are usually removed by equipment such as a stump grinder.

In case you're wondering, a stump grinder is a very powerful piece of machinery that is used to grind down the remains of a tree. The only problem is, not many home owners wants to rent a stump grinding machine or hire professional people because of the expense and heavy work involved. These people could be looking for the least expensive ways to remove their tree trunk, however is it really the best way to go about it or are there better options like turning it into something useful or fancy.

Have a seat!

A tree stump can be cleaned, sanded and polished to make the perfect bench for sitting and resting. Stumps of various heights can be used as a seating arrangement for different people. For example, stumps of shorter length can be used by children who find it difficult to sit on tall stools or benches in the garden. If you're planning to use the tree stump as a bench, you may want to attach an umbrella onto it to provide protection from the weather. It will also be a great way to decorate your garden.

A plant within a tree!

If you really put some deep thoughts into it, that dull tree trunk can literally become the shining star of your whole landscape. How about turning the stump into a vase by making a hole onto the surface. Use large drill bits and once you're done, fill it with soil and make a space for your new plant to grow on. Some plantation ideas includes campanula which grows tiny purple flowers that last up to 9 months and also pigeon orchid which looks quite elegant. Simply grow the type of plant you want onto your new pot and you will be surprise at how beautiful it actually looks.

How about a picnic table?

A large stump can be easily used as a table for your backyard and family entertainment. Base on the fact that the surface area is clean and level. Then, just go to a retail shop, buy a good designed cloth and you can literally transform any dull stump into a picnic table with ease. Just choose your design, mix and match and you can turn an old trunk that you once thought was destroying your landscape into a perfect entertainment area.

Just put on your thinking cap and let your creative juice flow!

One of the most interesting features of any trees is that they can be exposed to varying temperatures and still are left unharmed. So think about it, by using a little bit of your brain juice, you can literally turn that dull stubborn stump into something your friends and family will appreciate for a very long time. Unless you're trying to build something onto the area in which case you'll need some stump removal work organize, otherwise if you really think about it, putting these decoration ideas into play may be the smartest decision you ever make this year.

Thursday, August 23, 2012

The Top Places to Find Auto Loans for People with Bad Credit

There are many auto loans for people with bad credit and you just have to know where to look for these loans. Finding the auto financing that you need is not always that easy, however, if you know where to look it can make it much easier for you. You are going to have to be able to back up what you put on your application a bit and this will help you to know what you need to prove.

When you put down a certain amount of income on an application for auto loans for people with bad credit you are going to have to prove it. This means that you have to either use bank statements, tax forms, or paycheck stubs. This means that you have to make sure you can prove the income you really make.

Another thing you have to prove is where you live. This is very typical when you are after auto loans for people with bad credit because they are going to want to know that you are living where you say you are living. You need to make sure you can provide a bill or a piece of mail that will allow you to prove your address.

The 3 Top Places to Get Auto Loans for People with Bad Credit

1. Online

There are many online lenders that you can use like My Auto Loans. These places will either lend you money because you are approved or they will help you find an auto loan that will give you what you need to get the vehicle you want. They will forward your information to the lenders they think will work best with you and they will help you get the money you need to get the vehicle you are after.

2. Your Bank

Sometimes your bank, especially if it is a credit union, will give out auto loans for people with bad credit to those that need them and have a good reputation with the bank. You do not need to let poor credit slow you down and if you have a decent amount of money to put down, then you can certainly get the auto financing you are after.

3. Buy Here Pay Here Dealers

If all else fails the fall back is the buy here pay here dealers. Make sure you find one that is not going to give you a huge payment and also make sure you get a buy here pay here dealer that has some type of warranty for you. It is necessary to find the right vehicle for you and sometimes when your credit is not all that good you have to use one of these types of dealers.

What to Expect from Auto Loans for People with Bad Credit

When you get a car loan and you have horrible credit or just less than perfect credit you have to expect to put a decent amount of money down. You have to make sure you have at least a thousand dollars to get a good car loan and this is considering you get a loan for around ,000. If you get a larger loan you will need to put more down.

You should expect the interest rate and the term to be larger and longer than most auto financing is. You cannot expect to get the best deal from a dealer because you do have poor credit. It is not always that easy to get a low rate with not so good credit, but you can still get one of the auto loans for people with bad credit.

Wednesday, August 22, 2012

4 Easy Ways To Get Custom Tattoo Designs For Less Money

If you're prudent with money, then obviously you have a very sensible attitude towards your finances. Those who are financially aware always look for ways to save whenever they spend any money. Considering the current global economic situation and the way prices keep on rising, it's not surprising that people always have to tighten their belts. You might like to save money, but this doesn't mean you should compromise on quality, especially if you're going in for a custom tattoo design. Here are four ways in which you can save money while getting the tattoos you want:

Tattoo Design Contests: You can hold your own tattoo design contests on tattoo sites; this means that you can choose the custom tattoo design that best matches your idea for a tattoo. Have you ever been on eBay? It is similar to eBay in the way it works. Open the site and click on Start a contest. The site will then take you to a step-by-step guide which will ask you to describe your custom tattoo idea. Then, you will be asked to post a prize of at least . This amount will then be passed on to the tattoo designer whose artwork you choose.

If you go to eBay, you will find that prospective buyers place their bids for a particular item on sale. In a design contest, tattoo designers post their visual interpretation of your idea that you had posted online. This contest usually runs for 14 days. Once you choose the best tattoo design, the custom tattoo designer who wins the contest will complete the design along with its stenciled version. If you go to a tattoo parlor, a tattoo design will cost you about . By choosing the tattoo design contest route through the custom tattoo design sites, you stand to save a minimum of .

Shop for custom tattoo designs online: If you prefer not to set up a tattoo design contest, but instead prefer to shop for custom tattoo designs online, you'll find several sites with custom tattoo designs that will let you browse through their entries from their contest forums. You can buy any design uploaded here by using your credit card. This done, your design will be emailed to you. You can then print the design and take it with you to the tattoo artist of your choice.

Ask for designs from web-based contest artists: Usually, custom tattoo competition sites come with a long list of tattoo designers willing to take on your tattooing order. While online tattoo artists don't charge as much as their bricks and mortar counterparts, they are spared from the payment of rental and leasing fees.

Tattoo laws: If you would like to go out and meet tattooists, the best way of doing this is to attend tattoo conventions regularly. Meeting like-minded people will give you the benefit of being referred to those professional tattoo designers who give excellent service at a minimal charge.

Patterns in Currency Trading

Most traders have heard of seasonal patterns, something which is mostly associated with commodities. The foreign exchange market also has calendar patterns which influence trading, and just like in commodities, traders can take advantage of them to improve their odds for success and profits.
Monthly Patterns
Nearly all currency pairs have one or more months during which they have a directional tendency. There are three pairs in particular which have traded in the same direction during a particular month at least seven years in a row. AUD/JPY has risen in January, while USD/CAD has fallen in June and USD/JPY has dropped in August. In each case, the moves have been significant. Let's take a look at USD/JPY as an example.
On average, USD/JPY has declined over 325 points each year since 1999 in the month of August, which translates to 2.80%. While the percentage does not seem extraordinary, when one takes leverage in to consideration, it is a different story. Had one shorted 100,000 USD/JPY at the start of each August and closed that position out at the end of the month, the total profit would have been in excess of ,000 (not taking in to account interest carry). That is an outstanding return considering the margin requirement for a position like that is only ,000. And this does not even consider compounding!
Weekday Patterns
For the short-term trader, there are also patterns of behavior which are based on weekdays. It is a little more complicated, however, than just saying buy or sell on Monday, for example. A secondary condition must be applied, which can be accomplished using the month. The result is patterns which take place on certain weekdays during a given month.
An example of this kind of pattern is GBP/USD on Mondays in December. The pound has risen 73% of the time on Monday during the last month of the year since 1999 (31 observations). The average move has been 40 pips. Assuming a 5 pip spread, a trader who entered traded this pattern over the last seven years would have booked over 1000 pips in profits, which translates to more than ,000 if one took positions of 100,000 GBP/USD each time.
Trading the Patterns
The examples outlined above are just a couple of the patterns which can be found in the forex market. There are many worth incorporating in to one's trading. Obviously, one strategy which could be employed is a simple enter-and-hold based on the pattern for a given month or weekday. That, however, does leave one open to the both in-trade draw downs, some of which can be substantial, and the simple fact that patterns do not always repeat every time, and sometimes change.
An alternative to enter-and-hold is to use calendar patterns to bias one's trading. For example, a day trader could look for opportunities to buy in to weakness in GBP/USD on Mondays in December. Similarly, a swing trader could use short-term breakdowns to enter in to short trades in USD/JPY during August.
The trader looking to employ forex calendar patterns must utilize the same good risk procedures as are always necessary. This applies regardless of the strategy employed.

Tuesday, August 21, 2012

The Basic Things To Know About Cars

There are a few things to consider about cars. The first and most important of them is that they need gas in order to run. Being one of the most pressing issues these days, gas prices can reach a very high level, thus making people to give up driving their car in certain situations. The future looks promising, though, and the electric engine will soon replace the internal combustion engine.

Most of the time, people who complain about how much it costs to rent a car are actually unaware that they're able to obtain a discount. As such, they pay the full price and wind up thinking that travelling is something only for the well-to-do. They probably wouldn't grumble as much if they knew about car rental coupons.

Borrowing money has costs and you know it's not a cheap thing, but you don't have any other options. Having a clear idea of how much your loan is going to cost may be not so intuitive because there are fees, charges and the interest rates to consider.

You'll have to pay back more than what you got from the lender, that's the central concept of the entire mortgage industry. You'll be paying them back the amount you got plus interest rates and additional fees and charges.

Between a fixed rate mortgage or an adjustable rate mortgage loan there can be a huge difference in the long run in case interest rates are going to be adjusted a lot (and with such unstable markets you can bet on it).

Before purchasing car insurance, you need to know the basic facts about this complex topic as it poses a vocabulary that is unique to car insurance. This vocabulary makes understanding complex and makes it difficult for people to choose what is right.

It is always a good idea to think about what you will be using your rental car for before you make your choice. For example, if you are traveling for a family vacation, you will need something roomy and comfortable as opposed to something small and sporty

In Texas the minimum amount of liability insurance that you are required to carry to cover for bodily injuries you may cause is ,000.00 per person and ,000.00 per incident. You are also required to carry ,000.00 worth of insurance to cover any property damage you may cause.

Many people forget to research the factory stereo system provided in the car, before going out shopping for a new system. This is important for several reasons, but most importantly it's the size. When you remove the factory stereo, you'll want to find a stereo that has the same measurements. There are ways around this, but it could easily be avoided.

There are many features that can come with your stereo. There are all sorts of technology available. Again, these features will obviously help determine the price so decide what's most important to you.

All three companies make excellent products at very competitive prices. You can certainly buy a GPS system from anyone you choose. I just like to stay with the big companies. It's a personal decision. I want to make sure my device will be supported in the future.

Monday, August 20, 2012

Va Home Loans With Bad Credit: Factors To Keep In Mind

It might seem that getting a VA home loan with bad credit is easy when a military veteran wants to buy a new home. But there are some aspects to these loans that need to be taken into account. Not least is the fact that there is criteria that need to be met.

As part of the 1944 Serviceman's Readjustment Act (also known as the GI Bill), war veterans can qualify for bad credit home loans guaranteed by the VA and purchase their own homes. All that is needed from them is a minimal down payment, and a commitment to repaying the loan on schedule - just like with any loan.

For that reason, getting VA home loan approval despite bad credit is easy if the applicant can tick all of the right boxes.

VA Guarantee

Seeking a loan, not just a VA home loan, with bad credit can be a challenge, with many traditional lenders preferring to stay clear of the perceived risks involved. But the significant aspect of VA loans is that they are partly guaranteed.

As a result, the pressure on the borrower to meet to the expectations of lenders is lessened. A bad credit home loan guaranteed by the VA basically means that the need to come up with a large down payment is removed, while the interest rate is lowered to reflect the security that such a guarantee provides.

However, the guarantee only covers 25% of the value of the home, so funds are limited. Getting VA home loan approval despite bad credit might be easier, but it does not provide enough to buy a large mansion. They are, after all, designed to help war veterans get back on their feet by having a home of their own.

Prepare Properly

It is important to understand that simply having been in the military is no guarantee that a VA home loan, with bad credit a factor or not, will be secured. This is why properly preparing your application is important.

The most pressing matter is the bad credit rating. This rating can be drastically improved by taking out a series of small short-term loans, and repaying them promptly, thus increasing the score. Even the terms of a bad credit home loan guaranteed by the VA can be improved if the credit score is higher.

Another choice is to take out a consolidating loan to take control of the various sources of debt. Lenders see this as a proactive move to handle existing debt, and so are more comfortable granting VA home loan approval despite bad credit.

The Qualifications Required

Of course, like any loan, in order to qualify for a VA home loan with bad credit, it is necessary to satisfy some criteria. The basic set to meet relates to identification, confirmation of military rank, age and even citizenship. But there are other pieces of information needed too.

First of all, there needs to be no history of defaulting on loans for a period of 12 months prior to making the application. Even with a bad credit home loan guaranteed by the VA, lenders need to be sure who they are lending money to.

Secondly, for two years prior to the application the applicant cannot have had a bankruptcy case filed. Bankruptcies are serious matters, so even if one was files 5 years prior, lenders will take interest in them. But they are deemed to be too recent if filed within a period of two years.

Finally, to get VA home loan approval despite bad credit it is necessary for an applicant to prove they are fully employed, with a reliable income. Like any other home loan, repayments can stretch over decades, so financial security is needed.

Sunday, August 19, 2012

How To Use Invoices To Transform Your Cashflow

As banks make it harder and harder for small businesses to acquire loans, lots of firms are now making use of invoice finance to help get the money they need. Picture an scenario where there's a chance to purchase fresh stock at a significantly lower price compares to what you might ordinarily pay, however, you don't have the cash available. Through invoice financing, you can get the necessary cash quickly and easily to make the deal. This type of finance is actually a temporary loan where you borrow money against the amount you happen to be owed by your customers.

These particular types of business loan are quite valuable if you are a smaller company that has outstanding invoices from big clients. Lots of corporations are asking for ninety-day invoice payment terms before they'll do business with smaller-sized businesses, and sometimes they take the full Ninety days to get around to paying you. If you don't possess a reasonable cash balance to keep you going during these lean periods, you may find it difficult to keep your business moving forward.

Usually you won't have to fill out huge amounts of forms and sign up to long-term contracts, the necessary collateral is the unpaid invoices you want to borrow money against as the finance will be secured using the money the invoiced company need to pay you. The invoice financing process is pretty simple. You decide the unpaid invoices you'd like to be given a quick payment for by making use of the process. The finance company then contacts your customer to verify the amount outstanding, and set everything up to collect the money instead of you. There's a set fee for this service, but you will normally receive about 95% of the amount on the invoice.

Because the invoice finance company is likely to be getting in touch with your customers, it will be a good idea to talk with them before they do so you can tell them just what you are planning to do. Your clients really shouldn't have any issue with what you're suggesting because there's no extra cost to your client, and they'll not have to pay any earlier than the conditions of your original invoice. Given that invoice financing more often than not involves a one off charge per transaction, it's sometimes an easier way for business owners to acquire the cash they want so that they can get on with business, which is a good reason why this sort of financing has grown to become a preferred method for companies, large and small, to boost their cash flow.

There should be no extra charges for setting up or even closing an account, and any service fees you will need to pay are going to be outlined in detail before you agree to use this sort of service or any money will be paid. This way, you can make an intelligent decision regarding the pros and cons of this type of service, and whether it's the best temporary financing option for your organisation. When everything has been arranged, the vast majority of invoice financing firms are able to provide you with the up to 80 percent of your invoice amount within 48 hours, and you can expect to receive the balance (less the invoice financing firm's service charge) when your client settles their invoice.

Regardless of the scale of your organisation, these demanding economic times suggest that a steady cash flow will be more vital than before. Therefore unless you want to be at the mercy of clients that take too long to pay, invoice finance could be a great method of making certain you get your hard earned money as soon as possible.

Payday Loan Consolidation Firms: Operations and Objectives

Ever since the concept of payday loans penetrated the market and turned out successful, myriad payday loan consolidation companies have jumped on the bandwagon. However, their operational strategies and techniques are dissimilar and quite unique till a certain level.

The concept of fast loans consolidation runs in a certain manner that they take all your debt and offer you a biweekly or monthly repayment system paired with a specified timeframe within which you ought to repay the loan, by hook or by crook. As per our research, we observed that most of the advance loans consolidation companies treat the idea of payday loan consolidation as a debt settlement model, which is indeed in the sheer benefit of money borrowers. On the contrary, it also give certain benefits to the consolidation companies as they further approach the payday loans and advance loans lenders to negotiate a pay off. But alas, this model isn't suitable for two reasons:-

1. Usually, these payday loans and fast cash advance lenders are too aggressive and punctual. In case if they won't hear from the client within a specified period of time, especially from the borrowers with bad credit, they start contacting them via all the possible sources.
2. And indeed, this act forces the money lenders to get defensive and this might also force them to not work with your consolidation company, which will propose a newly created set-up for the repayment of the loan taken.

Some payday loan consolidation companies here will first deduct their fees from the repayment instalment and then it will be further passed on to the main lender. Also, when the payday loan lenders gave you the full amount whilst you hold bad credit history, why they would accept less money from you? That is seriously senseless.

But nowadays, people have taken so much stress of loans that they need someone to take a personal hold of it on their behalf and manage the things professionally. In this regard, these payday loan consolidation companies are helpful. In contrast, reputed advance loans consolidation companies are pro-active in nature and retain good experience in approaching the lenders. These veteran companies do impeccable negotiation and solve your purpose commendably well. Thus, it's is imperative that you only get into an association with a certified and an eminent payday loan consolidation company otherwise you'll end up suffering heavy losses.

Albuquerque Lawyers Pre-settlement Lawsuit Funding

The cost of litigation in a personal injury lawsuit can be financially devastating for plaintiffs, not to mention the time involved in reaching a final settlement. Sometimes, cases drag on for years. If the injured person is unable to work and has expenses for ongoing medical care, they may need money long before their lawsuit settles.

One way of obtaining funds is through pre-settlement funding, which enables plaintiffs to make ends meet without worrying about financial ruin.

Pre-settlement litigation funding is provided by a funding company to a plaintiff prior to a final settlement. The main focus of a lawsuit funding company is to provide cash advances to cash-strapped plaintiffs, who find their physical and financial lives turned upside down by an accident injury.

Funding companies are very selective in choosing cases to fund as the money they provide is offered as non-recourse funding, meaning plaintiffs only pay back the money, plus fees, if they receive a monetary settlement, and they only have to repay up to the amount of their share of the settlement in the event that the settlement is smaller than anticipated.

The loan company will do an assessment of the case to determine the likelihood that it will be decided in the plaintiff's favor. Based upon the information provided, the company estimates the value of the eventual settlement, and offers a cash advance to the injured person based upon that estimate.

The fee may be a flat fee, or a monthly fee that accrues each month the loan is outstanding. When the case settles, the loan and associated fees are paid to the loan company. For legal reasons, these advances are not characterized as loans and a lawsuit funding company is not part of a law firm.

Due to the risk involved in non-recourse funding, the fees associated with it can be significant and there are some attorneys who advise their clients against it because it is expensive and they do not want this burden to possibly compromise their case. These attorneys feel that if lawsuit funding does become necessary, it should be obtained in the smallest amount possible, not for any amount the plaintiff desires. Pre-settlement funding is serious business; it is not "fun money".

Fees will vary depending upon the company and the type of case. Some companies will fix the fee for the advance up front. Others will charge a monthly fee for each month between the time the funding is issued and when it is repaid, sometimes as high as 15% per month.

Litigation can take a very long time. Given the fees involved in pre-settlement funding, it is important for injured people to consider all other possible alternatives beforehand.

An obvious question might be why can't injured people borrow money from their lawyers? State bar associations prohibit this because when a lawyer becomes a creditor to a client, a conflict of interest is created that could interfere with the attorney-client relationship.

In order to avoid laws against charging excessive rates of interest (usury laws), the funds you receive from a pre-settlement funding company will not be described as a "loan". Other terms are used, such as "cash advance", 'investment", or "venture capital".

Technically, as the contract is not to repay the amount received but is instead a promise to pay a portion of any eventual verdict or settlement, plus a fee (which may never occur). No matter what happens, a person who receives pre-settlement funding keeps the full amount of the advance.

Because of the high cost involved, any decision to accept an advance should be made very carefully. Fees will vary, so when seeking pre-settlement funding, it makes sense to check with several companies, to obtain the lowest possible fees.

Friday, August 17, 2012

E-Mini Trading: Leverage, the Dog That Bites

One of the most important factors in attracting new traders to the e-mini markets is the ample supply of leverage you are allowed to trade. While e-mini trading is not the most leveraged trading in the world, you'll find an average in the area of 50:1. Wow! At first glance, most traders are encouraged or excited about having the opportunity to trade an exchange traded equity with such high leverage.

There is one very important maxim that is important to remember when working with leverage; leverage maximizes your return on investment, and it also maximizes your loss on investment. Did you read the second half of the prior sentence? It's important to remember, so I will say it again; leverage maximizes your loss on investment. As you can see, I am not a huge fan of overusing leverage; many new e-mini traders exit the trading business because they overtrade or trade too many contracts.

So far, we have noted that leverage:

Maximizes the profit in a trade
Maximizes the loss in a trade
Overuse of leverage is a major cause of new trader failure
Many new traders start trading without proper training in the use of leverage

What are the parameters for using leverage in e-mini trading?

As I mentioned earlier, my observations have led me to believe that most traders tend to overleveraged themselves and hasten their exit from the e-mini trading business by doing so. My message is a simple one: it is far better to be under leveraged than overleveraged. There are several methods for calculating your level of leverage, and they are:

1. The value of one contract on the YM or ES (or any e-mini contract, for that matter) can be obtained by multiplying the index value x 5. For example, let's say the YM is trading at 12,000; the value of that contract is 5 X 12,000= 60,000. If you are trading an account with 00, you would be leveraged ,000/00, or 12:1.
2. Another way of calculating your leverage is to multiply your stop loss x number of contracts you are trading. For example, let's assume you are trading to contracts with a stop/loss of 20 on the YM. You if you were completely stopped out, your maximum loss would be 0. By using this calculation, you are putting 3% of your futures trading account balance at risk.

I much prefer the second methodology in my trading as it provides for me a more realistic value of the risk I am considering. I think it is important that you risk no more than 3 5% of your account balance on any given trade. I will again mention that when e-mini trading it is important that you consider under-leveraging as opposed to over leveraging. Just because your broker says you can trade 8 contracts by virtue of your account balance doesn't mean that you have to trade that many, or should never consider trading that many.

In summary, I have taken a moment to discuss leverage and how it affects e-mini trading accounts. We have given several methods for calculating leverage and some guidelines to observe. Finally, and most importantly, I urge your traders to trade from an under leveraged position and avoid over leveraged trading.

Thursday, August 16, 2012

Why Forensic Loan Audits Are Necessary

Lending practice laws were very lenient during the years 2000 2007. During that time numerous home loans were signed containing violations in unnoticed loan terms. This resulted in borrowers struggling to stay on top of their home loan obligations.

Most homeowners are aware of the lending laws and their definitions. In good faith, homeowners trust their lenders to be honest about their business practices, unaware of violations these lenders could insert in their home loan terms. These borrowers are simply seeking the professional help the lender "seems" to be providing for them and therefore signs any documents provided by the real estate agent or lender.

The problem would then remain unnoticed in the first few months. As the months passed, the difficulties of paying the loan become worse. Eventually, it may get to the point that a homeowner can no longer handle their mortgage. In this case, they might ask their lender for assistance on how to manage their overbearing loan. A home loan modification may be considered in order to ease the burden of their current loan terms. Unfortunately, the lender does not always cooperate and may deny the modification.

This is when a forensic loan audit becomes the homeowner's only option for saving their home.

Any borrowers who faced the same scenario described above can be assisted by a forensic loan audit. During a forensic loan audit, an investigator will review all the loan documents and check for violations made by the lender. If there are misrepresentations, misleading clauses, or missing documents, they can be used against the lender.

Banks, lenders, and credit unions understand the severity of being proven guilty of these violations. The impact on lenders could extend so far as to end their business enterprise with just one case of a bad home loan. If the lender is proven guilty is it not likely for them to refuse the request to modify the loan terms.

It is advisable to remain cautious during this process, because the lender may be proven not guilty. Therefore, it is important to seek the legal assistance of a professional.