Friday, February 8, 2013

Foreclosures | Cortiers Luxury Realty - Cortiers Real Estate

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Feverpitched/Dreamstime

What is a Foreclosure?

A Foreclosure occurs when a homeowner has defaulted on their mortgage. The bank, mortgage company, or other lien holder then seeks to take an owner?s property to satisfy the debt. The bank or lender may actually take ownership of the property or have the property sold to pay off the debt. As a result of the foreclosure, the owner loses whatever rights he or she had in the property.

Benefits of Buying a Foreclosure

The bank or lender will have interest in recouping their losses, but don?t want foreclosed homes to sit on the market nor in their accounting ledgers. Therefore, interested buyers can sometimes purchase foreclosure homes for less than fair market value. Doing so gives the homebuyer instant equity and helps realize a greater profit if he/she choose to sell the home in the future.

Before Making an Offer on a Foreclosure

Please keep the following in mind:

  • The lender most likely will not agree to make any repairs to the home.
  • When faced with foreclosure, displeased homeowners may decide to take everything with them. This could include everything from the flooring to doors and fixtures. These homes are also at risk of break-in and theft when they?re left sitting empty for long periods. If you?re interested in purchasing a foreclosed home, hire a qualified home inspector to thoroughly inspect the property and inform you of any hidden problems.
  • The lender may require you to finance with them.
  • While most REO (Real Estate Owned) properties are already vacant, there is a possibility the lender is still in the process of having the former owners evicted. This could result in a delay in closing, and may also increase the price.
  • If you are not using the REO bank as your lender it is possible that certain repairs will be required to be made to the property before your lender will agree to close. This could mean you would be required to spend money on repairs on a home that?s not yet officially in your name.

The Foreclosure Report

At Cortiers Real Estate, we are the only company in town that goes to the courthouse and compiles a comprehensive list of every home posted for foreclosure each month. ?It takes hours of work and some specialized knowledge, but we give it to you for free. ?Just?Contact us today and ask for it.

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  • Source: http://www.cortiersrealestate.com/blog/2013/02/foreclosures/

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    Girl shot for defying Taliban discharged from hospital

    LONDON (AP) ? Malala Yousafzai, the teenage Pakistani education activist shot in the head by the Taliban, was discharged from a British hospital Friday after undergoing skull reconstruction and receiving a cochlear implant to restore her hearing.

    The 15-year-old had been released for a few weeks in January but re-entered Birmingham's Queen Elizabeth Hospital to undergo the latest procedures last weekend. The hospital said Malala is "making good recovery" and will now continue her rehabilitation at her family's temporary home in Birmingham.

    Malala was shot by a Taliban gunman on Oct. 9 while on her way home from school in northwestern Pakistan's Swat Valley. The militant group said it targeted her because she promoted "Western thinking." Malala had been an outspoken critic of the Taliban's opposition to educating girls.

    The teen was airlifted to Britain from Pakistan to receive specialized medical care and protection against further Taliban threats. She is expected to remain in the U.K. for some time; her father, Ziauddin, has secured a post with the Pakistani consulate in Birmingham.

    The shooting sparked outrage in Pakistan and many other countries, and Malala's story increased the global attention for the struggle for women's rights in her homeland. In a sign of her impact, the teen made the shortlist for Time magazine's "Person of the Year" in 2012.

    In a video statement taped before her latest surgeries, Malala said she was "getting better, day by day" and would continue to campaign for girls' education.

    "I want to serve. I want to serve the people. I want every girl, every child, to be educated," she said, speaking clearly but with the left side of her face appearing rigid.

    Source: http://news.yahoo.com/girl-shot-taliban-discharged-uk-hospital-152405893.html

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    Big retailers ramp up campaigns - The Nation

    Chinese New Year celebration

    Kwanchai Rungfapaisarn
    The Nation February 8, 2013 1:00 am

    Malls have launched several campaigns to cash in on this Chinese New Year season, after a survey estimated that shoppers would spend about Bt45 billion during the festival.

    That is the highest amount in eight years, according to the University of the Thai Chamber of Commerce, which conducted the survey.

    The Mall Group is investing more than Bt100 million in its "2013 Chinese New Year Celebration", which began on January 24 and runs until February 17 at The Mall, The Emporium and Siam Paragon.

    Chamnarn Maytaprechakul, the group's senior marketing officer, said the retail market had been quite active from the New Year season to Children's Day, and this trend was expected to continue for the Chinese New Year.

    Central

    Meanwhile, Central Department Store is investing Bt120 million in its Chinese New Year campaign, which includes free tickets to Macau, as shoppers are expected to spend Bt3 billion to welcome the Year of the Snake that begins on Sunday.

    Piyawan Leelasompop, Central's vice president for marketing, said consumer behaviour since the end of 2012 had demonstrated extraordinarily high purchasing power, which had continued unabated even as the lunar Year of the Dragon draws to a close.

    The Lunar New Year is a significant and exciting period for Chinese and Thai-Chinese, and is expected to be marked by a further upswing in consumer activity and department-store sales.

    "Many positive factors are supporting sales, such as the government's announcement of higher daily wages and salaries," Piyawan said. "Moreover, people have received payment of their year-end bonuses, particularly those in the private sector. These factors have contributed to the increase in consumption due to the demand for new clothing and household items. This demand may also extend to purchases of special gifts for themselves or their loved ones."

    She said another positive factor was strong tourism statistics, which indicated that the number of Chinese nationals visiting Thailand was skyrocketing, more than other inbound travellers such as Malaysians, Russians and Japanese. This will benefit local industries including shopping venues and restaurants.

    Piyawan said Central Department Store had budgeted Bt120 million for its "Central Chinese New Year 2013" campaign, running for 11 days from yesterday to February 17.

    "Organising such events that bring happiness to our customers will have an emotional impact and encourage spending. We believe that sales generated through this campaign period will definitely be equal to that of the preceding year, which enjoyed a 10-per-cent increase. Therefore, the sales generated this year should not be less than Bt3 billion."

    Chiranun Poopat, a senior vice president of Central Food Retail, said the company forecast business growth during Chinese New Year at 30 per cent compared with last year. The company operates Tops Super, Tops Market, Tops Daily and Central Food Hall.

    "We have seen many positive factors such as the rise in domestic consumption, the increase of minimum wages, and stability of the overall business climate. We have seen consumer spending grow by 20 per cent since the New Year holidays and continue to rise," she said. "We plan to spend Bt30 million for promotional and marketing activities during this seasonal campaign."

    The company is holding a marketing event called "China's Best 2013" to feature its premium selections of food for the season. It began on January 31 and runs until Sunday at Central Food Hall on the seventh floor of CentralWorld. The company has also prepared 3,000 products to serve customers' needs during the festival.

    Tesco Lotus

    Tesco Lotus also announced the launch of its first marketing campaign of 2013, "Heng Heng Heng Mahaheng Number 8", to celebrate the Chinese New Year.

    The company is also highlighting its "one-stop shopping" strategy by offering a variety of products and introducing a festive "Chinatown" product section at its stores until Sunday. The campaign began on January 24.

    Central Pattana, Central Group's retail property developer, is joining forces with Advanced Info Service, Kasikornbank Credit Card, Minute Maid Pulpy, Charles & Keith online store, Thai Life Insurance, and the Mass Rapid Transit Authority on a Bt50-million-plus campaign.

    "The Great Chinese New Year 2013" campaign under the concept "Shop to the Max with Chinese Happiness Troops" started yesterday and will run until March 10 at CentralWorld, CentralPlaza, and CentralFestival Pattaya Beach.

    Latest stories in this category


    Source: http://www.nationmultimedia.com/business/Big-retailers-ramp-up-campaigns-30199566.html

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    Thursday, February 7, 2013

    Recovering 'Good Morning America' host Robin Roberts sets return

    (Reuters) - "Good Morning America" host Robin Roberts will rejoin the ABC morning television show on February 20 after treatment for a rare blood disorder, the show said on Thursday.

    Roberts' doctors deemed her healthy enough to return to work five months after receiving a bone marrow transplant to treat myelodysplastic syndrome, a bone marrow disorder triggered by treatment for breast cancer five years ago.

    "I'm excited to rejoin my wonderful 'GMA' family," Roberts, 52, said in a note posted online on Thursday. "I'm also looking forward to thanking YOU ... for your many prayers and well wishes. Your compassion has been an enormous source of comfort to me and my family."

    Roberts will begin appearing on an abbreviated schedule and eventually return to working five days a week, co-anchor Sam Champion said on the show.

    Roberts revealed her illness in June and started medical leave in August.

    (Reporting by Eric Kelsey, editing by Jill Serjeant and Cynthia Osterman)

    Source: http://news.yahoo.com/recovering-good-morning-america-host-robin-roberts-sets-192616710.html

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    Steve on Screenwriting: How Much Money Should I? ? Write On ...

    Question: How much money should I expect for my idea, treatment, or screenplay?

    Answer: If you?re not a member of the Writer?s Guild, then you?re not subject to receive Guild minimums for the sale of your material. You?re at the mercy of whatever the buyers want to pay.

    These are the general parameters of how much money you should expect depending on the kind of material you?re selling. Remember these are estimates and represent the minimums that you should receive.

    If you sell an idea or a storyline, you can expect to get $5,000 on the front end and about $20,000 on the back end if the movie gets produced.

    If you sell a treatment, you should expect around $15,000 on the front end and $30,000 on the back end.

    Finally, if you manage to sell a screenplay, you should receive at least $40,000 up front and $75,000 on the back end.

    The front end means the money you will get at the point of sale as soon as the deal closes. The back end means the money that will be paid to you if and only if the project gets produced. Produced means when principal photography commences and the movie gets shot. The film does not have to be released for the writer to get paid. Once they shoot it, the screenwriter gets paid the back end.

    This is an example of how the front and back end work. Let?s say you sell a screenplay and the deal is $40,000 against $75,000. You would receive $40,000 up front at the time of the sale, and receive another $35,000 if the movie goes into production. That?s a total of $75,000.

    Read?Steve on Screenwriting by Steve Kaire, High Concept Screenwriting, on Write On! Online. Check Steve?s website for is query letter service.

    Source: http://writeononline.com/2013/02/07/steve-on-screenwriting-how-much-money/

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    Islamic summit backs Syria dialogue

    This image taken from video obtained from Ugarit News, which has been authenticated based on its contents and other AP reporting, shows smoke and fire billowing from an explosion in Damascus, Syria, Wednesday, Feb. 6, 2013. Heavy fighting erupted in Damascus Wednesday as government forces tried to hold back a new rebel effort to push the civil war into the heart of the Syrian capital, activists said.(AP Photo/Ugarit News via AP video)

    This image taken from video obtained from Ugarit News, which has been authenticated based on its contents and other AP reporting, shows smoke and fire billowing from an explosion in Damascus, Syria, Wednesday, Feb. 6, 2013. Heavy fighting erupted in Damascus Wednesday as government forces tried to hold back a new rebel effort to push the civil war into the heart of the Syrian capital, activists said.(AP Photo/Ugarit News via AP video)

    This image taken from video obtained from Ugarit News, which has been authenticated based on its contents and other AP reporting, shows smoke and fire billowing from an explosion in Damascus, Syria, Wednesday, Feb. 6, 2013. Heavy fighting erupted in Damascus Wednesday as government forces tried to hold back a new rebel effort to push the civil war into the heart of the Syrian capital, activists said.(AP Photo/Ugarit News via AP video)

    This image taken from video obtained from Ugarit News, which has been authenticated based on its contents and other AP reporting, shows smoke and fire billowing from an explosion in Damascus, Syria, Wednesday, Feb. 6, 2013. Heavy fighting erupted in Damascus Wednesday as government forces tried to hold back a new rebel effort to push the civil war into the heart of the Syrian capital, activists said.(AP Photo/Ugarit News via AP video)

    (AP) ? Leaders at an Islamic summit on Thursday urged a dialogue between the Syrian opposition and regime just as a new initiative for talks proposed by an anti-government leader appeared to be unraveling.

    Like previous diplomatic initiatives on Syria, opposition chief Mouaz al-Khatib's call for talks made less than a week ago appeared doomed to failure. And with troops and rebels clashing for a second day around Damascus, frustrated Syrians dismissed the calls for dialogue as empty talk.

    "All of this does not concern us," said Iyad, a Syrian fighter on the outskirts of the capital Damascus, which has witnessed heavy fighting in the last two days.

    Iranian President Mahmoud Ahmadinejad, whose country is Syria's closest ally in the Middle East, attended the summit and said at a news conference Thursday that he supported dialogue. He added that Egypt, Turkey and Iran were moving toward cooperation on Syria. But he also defended Bashar Assad regime, warning against meddling in the domestic affairs of other countries.

    The Syrian civil war is largely at a stalemate, with neither side making significant battlefield gains likely to bring about a military victory any time soon.

    But the international community has been at a loss for ways to end the carnage, with both sides showing no real interest in a political settlement.

    At the end of a two-day summit in Cairo, the 57-member Organization of Islamic Cooperation urged Syrian opposition forces and members of the regime whose hands are not tainted by violence to hold talks on resolving the nearly 2-year-old conflict.

    In the final statement of the conference, they called for concrete efforts to reach a settlement "that would preserve the rights of the Syrian people and ensure the unity and the safety of their land."

    The statement did not specifically refer to the recent dialogue offer by al-Khatib, who has said he would be willing to sit down with regime members on condition they release 160,000 political prisoners.

    His offer sparked criticism from fellow opposition activists who say the regime has killed too many people to play a role in the conflict's solution.

    On Thursday, al-Khatib appeared to be backing away from the offer. He demanded that the regime release all female political prisoners by Sunday or he would scrap his initiative.

    "The regime has until Sunday to begin releasing detainees, especially women. This should be the introduction of prisoners' release," he told BBC Arabic in an interview.

    Al-Khatib's offer followed meetings he had held separately with Russian, U.S. and Iranian officials on the sidelines of a security conference in Munich last weekend. Russia and Iran are Syria's two closest allies.

    The government has ignored his offer. But one lawmaker said the talks should be without preconditions.

    Many of al-Khatib's colleagues in the Syrian National Coalition say President Assad must step down before there can be any negotiations.

    Participants at the Cairo summit did not call on Assad to step down, but the meeting exposed conflicting views among Muslim and Arab nations about the Syrian civil war. At past summits, many nations, including Egypt, demanded that Assad go.

    Egypt's Islamist President Mohammed Morsi, elected after an uprising ousted his authoritarian predecessor Hosni Mubarak, sharply criticized Assad's embattled regime in his address to the summit. But he did not directly call for him to go as he had in the past.

    He said the Syrian government "must read history and grasp its immortal message: It is the people who remain and those who put their personal interests before those of their people will inevitably go."

    The summit's final statement also stressed support for a working group proposed by Morsi last year, made up of the leaders of Egypt, Turkey, Iran and Saudi Arabia to address the Syria crisis.

    But Saudi Arabia only attended the quartet's first meeting several months ago and Saudi Crown Prince Salman, who was heading his country's delegation to the OIC summit, left Egypt just before the mini-summit was held Wednesday.

    Egyptian officials insist that the Saudis have not pulled out, and an Egyptian presidential spokesman said Salman left because of other, personal engagements. The Saudi foreign minister stayed to attend the OIC summit.

    But it is widely suspected that the kingdom has quit the group because they could not see the point of working with arch rival Iran, Assad's most ardent backer.

    Ahmadinejad was asked to comment about the Saudi stance at his news conference in Cairo.

    "We don't know why they left and we are not in a position to speak for them," he told reporters. "But, I am sure that our brothers in the kingdom (Saudi) will be happy and welcoming if we take positive steps toward a solution in Syria," he added.

    Ahmadinejad said he was "alarmed by what Syria is going through" and called for dialogue.

    "Egypt, Turkey and Iran are moving toward cooperation (on Syria) but no one has the right to interfere in the domestic affairs of others," he said. "Instead we must encourage a national dialogue there. War is not a good thing. War always breeds war," he added.

    "Any government that comes to office through war cannot bring about a lasting peace. Only free elections and national dialogue can bring about security and a lasting peace."

    The fighting in Damascus subsided significantly on Thursday, a day after the heaviest clashes in months.

    Clashes were inching closer to the heart of the city, but still were focused in outlying neighborhoods such as Qaboun, Jobar and Zamalka in the northeast. Government troops beat back rebels who had tried to take over Jobar.

    Fighters in rebellious suburbs of Damascus have made several attempts to overrun the heavily guarded center of the city, but failed. As in other parts of the country, the fighting has reached a stalemate.

    "The work is being done here by us," said Iyad, the fighter who gave only his first name for security reasons. "The rest is just empty talk," he said of the calls for dialogue.

    State-run television said rebels fired two mortar rounds at a bus station in the Qaboun neighborhood of Damascus, killing six people including three children and a woman. The TV, quoting an unnamed Interior Ministry official, said others were wounded in the attack.

    The Observatory reported clashes and shelling between troops and rebels near Qaboun, saying several shells hit the neighborhood. It said the fighting occurred near the highway that links Damascus with the central city of Homs, Syria's third-largest.

    In other areas, the Observatory reported heavy clashes between troops and rebels near the northern town of al-Safira, where there have been heavy clashes over the past weeks.

    Al-Safira, south of the northern city of Aleppo, is home to military production facilities. The rebels have failed to advance in the area after weeks of intense clashes.

    ___

    Karam reported from Beirut.

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-02-07-Syria/id-eeac831bdf294685bdec59c683f884fd

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    Arizona home prices jump the most in U.S.

    Associated Press Tue Feb 5, 2013 9:15 AM

    WASHINGTON ? U.S. home prices jumped by the most in 6 ? years in December, with Arizona posting the highest surge among states.

    The increases were spurred by a low supply of available homes and rising demand, indicated a report Tuesday by CoreLogic, a real estate data provider.

    Home prices rose 8.3 percent in December compared with a year earlier, it said. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states:

    - Including distressed sales, the five states with the highest home price appreciation in December were: Arizona 20.2 percent, Nevada 15.3 percent, Idaho 14.6 percent, California 12.6 percent and Hawaii 12.5 percent.

    - Including distressed sales only four states posted home price depreciation: Delaware -3.4 percent, Illinois -2.7 percent, New Jersey -0.9 percent and Pennsylvania -0.5 percent.

    - Excluding distressed sales, the five states with the highest home price appreciation in December were: Arizona 16.4 percent, Nevada 14.7 percent, California 12.8 percent, Hawaii 11.7 percent and North Dakota 10.8 percent.

    - Excluding distressed sales, this month only three states posted home price depreciation: Delaware -1.9 percent, Alabama -1.0 percent and New Jersey -0.5 percent.

    Overall home prices also increased 0.4 percent in December from the previous month. That?s a healthy increase given that sales usually slow over the winter months.

    Steady increases in prices are helping fuel the housing recovery. They?re encouraging some people to sell homes and enticing would-be buyers to purchase homes before prices rise further.

    Higher prices can also make homeowners feel wealthier. That can encourage more consumer spending.

    Most economists expect prices to keep rising this year. Sales of previously occupied homes reached their highest level in five years in 2012 and will likely keep growing. Homebuilders, encouraged by rising interest from customers, broke ground on the most new homes and apartments in four years last year.

    Ultra-low mortgage rates and steady job gains have fueled more demand for houses and apartments. More people are moving out into their own homes after doubling up with friends and relatives in the recession.

    At the same time, the number of previously occupied homes for sale has fallen to the lowest level in 11 years.

    ?All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery,? said Anand Nallathambi, CEO of CoreLogic.

    The housing recovery is also boosting job creation. Construction companies have added 98,000 jobs in the past four months, the best hiring spree since the bubble burst in 2006. Economists forecast even more could be added this year.

    Housing has been a leading driver of past recoveries. But the bursting of the housing bubble pushed a flood of foreclosed homes on the market at low prices. That made it hard for builders to compete.

    And a collapse in home prices left millions of homeowners owing more on their mortgages than their houses were worth. That made it difficult to sell.

    Now, six years after the bubble burst, those barriers are fading. Some economists forecast that housing could add a point or more to economic growth this year.

    Source: http://www.azcentral.com/business/realestate/free/20130205us-home-prices-rose-last-year-by-most-years.html

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