Swiroset.com

Powering future

Category Archive : Real Estate

Quick ways to eat more fiber

Getting fiber in our body is very important as it helps prevent constipation and control our weight. It can also help prevent some diseases such as high cholesterol, diabetes, heart disease, and some types of cancer.

The recommended amount of fiber needed per day is 25 to 38 grams. Most people eat less than 15 grams a day. The Institute of Medicine recommends that men under 50 eat 38 grams and women 25 grams. Adults over 50 years, men 30 grams and women 21 grams of fiber.

There are two types of fiber, soluble and insoluble, and both are helpful to you. Insoluble helps your intestines and colon work properly, by hydrating and helping waste move through your gut, keeping you regular and less constipated.

Soluble fiber digests slowly and helps lower cholesterol and helps keep blood sugar levels stable. Both insoluble and soluble fiber are important, and most high-fiber foods have both.

Lack of fiber in your diet can cause:

· Constipation; get hard stools. fiber helps soften stool and helps move waste.

· Diabetes; fiber helps regulate unstable blood sugar

· weight gain; High-fiber foods help keep you full longer, keeping you from eating more food.

· heart disease; this can cause high cholesterol and heart disease. Soluble fiber found in oatmeal, beans, and fruits and vegetables helps.

· Hemorrhoids; Hemorrhoids are swollen veins that close off the anus and develop from pushing out hard stools. Eating foods rich in fiber can solve the problem.

FAST WAY TO EAT MORE FIBER:

Adding fiber to your diet can be as easy as 123, here are simple ways to add it to your diet.

1. Flax meal; They come in different colors, tan, brown and gold, and are a good source of omega 3 fatty acids and fiber.

2. Chia seeds; An ounce of chia seeds has 11 grams of fiber, it also contains antioxidants, protein, vitamins and minerals.

3. Hemp seeds; they are a good source of soluble and insoluble fiber and have many more benefits, they are a good source of healthy fats and proteins

Four. Cereals; Ezekiel4:9 Sprouted Whole Grains, Golden Flax, Cheerios, Kashi Whole Grains, General Mills Fiber, etc.

Other ways to add fiber to your diet:

The best way to get fiber is through food, fruits and vegetables. Below are foods that are rich in fiber.

1. oatmeal; is one of the easiest ways to include fiber in your diet

2. Fruit; berries, avocado, pears, bananas, apples, oranges, papaya, etc.

3. Vegetables (cooked); cabbages, peas, green beans, kale, Brussels sprouts, sweet potatoes, etc.

4. Beans and Vegetables (cooked); soybeans, lentils, pinto beans, kidney beans, etc.

The history of Trans World Airlines

From its beginnings, TWA, or at least its predecessor, was ambitious, transcending the traditional concept of exclusively postal air transport with the incorporation of passengers, incorporating intermodal means by combining surface or rail sections, and setting its sights on the Costa West from East, to significantly reduce transcontinental travel by means of wings and wheels.

Originally known as Transcontinental Air Transport (TAT), which was formed on May 16, 1928 by a conglomerate of prominent business interests, it inaugurated service on the route charted by Charles Lindbergh, taking to the skies during the day in a Ford TriMotor and rails at night, allowing passengers to retire in the comfort of a Pullman stateroom. But the venture proved less than lucrative.

The mail, as had already been shown, would continue to be the financial impetus for the plane, albeit in much shorter segments, and depending on the TAT authority for it by Postmaster General Walter Folger Brown was his suggestion to merge with another competitor, Western Air Express (WAE), to avoid duplication of government payments.

Redesignated Transcontinental and Western Air (TWA) upon its merger on July 24, 1930, it was awarded the mail contract for the 36-hour trip that stayed true to its “transcontinental” name, but with a mid-night stopover. on the way, specifically in Kansas City.

Despite their soulless states, airlines invariably took on the personalities of their owners and leaders.

John “Jack” Frye, a former Hollywood stunt pilot and the airline’s first COO, was instrumental in determining the specifications for TWA’s all-metal, low-wing, 12-passenger Douglas DC-1 and its successor, the 14-passenger DC-2, aeronautical answers to Boeing’s B-247, whose cramped cabin was hampered by the wing spar running through it. As a licensed pilot, he flew the first Douglas design while the DC-2 entered service on May 18, 1934, from Columbus, Ohio, to New York.

The even larger and wider DC-3 entered the route system three years later.

Extravagant to the point of eccentricity, but flush with money, Howard Hughes was drawn to the fledgling airline, becoming its largest shareholder in 1939.

Its first pressurized aircraft, the four-engine Boeing 307 Stratoliner, entered service on the one-stop transcontinental route from New York to Los Angeles via Chicago on July 8 of the following year.

Although the military hiatus required by World War II deprived it of equipment and route development, its end marked the beginning of another battle, with American and United over the transcontinental crossing, which had given rise to its name. Hughes, instrumental in the design of the Lockheed L-049 Constellation, with its distinctive triple-tail, airfoil-shaped fuselage, secured TWA’s competitive advantage with an aircraft that was superior to United’s DC-4s, which entered the service on March 1, 1946. But Lockheed’s counterpart allowed the airline to spread its wings across the Atlantic, with a New York-Gander-Shannon-Paris route, later extended to Rome and Bombay, breaking the international monopoly Pan Am after the Civil Aeronautics Board (CAB) granted it route authority.

Four years later, its “TWA” abbreviation stood for its now official “Trans World Airlines” designation.

However, the aircraft manufacturers’ war – for sales – raged on. While American and United introduced larger-capacity Douglas DC-6s, TWA, capitalizing on Hughes’ influence, responded with the Lockheed L-1049A Super Constellation, which offered a 35 percent increase in passenger capacity over the previous model. above and facilitated the opening of the first non-stop transcontinental sector, from Los Angeles to New York, on October 19, 1953.

The final L-1649A Starliner, which introduced a longer wing and increased range provided by its fuel capacity, opened the Los Angeles-San Francisco-London polar route in October 1957.

Despite Hughes’s positive influence on the airline’s expansion and modernization, he was involved in few corporate decisions, firing Frye, sinking into seclusion, and allowing him to go into debt, prompting the airline’s lawsuit against him. forcing him to surrender his majority control. . He sold his remaining shares in 1965.

Entering the jet age, TWA inaugurated Boeing 707-120 service on the transcontinental route between New York and Los Angeles on March 20, 1959, and the type entered the international arena nine months later on November 23.

Medium-range domestic routes were served by the four-engined Convair CV-880 when it was introduced on January 12, 1961 and was soon replaced by the three-engined Boeing 727-100 in 1964 and the twin-engined Douglas DC-9 . 10 in 1966.

Taking delivery of its first wide-body Boeing 747-100 on December 31, 1969, the year it had usurped Pan Am as America’s largest transatlantic airline, it became the first airline to offer domestic service in USA York segment on February 25 of the following year. The Lockheed L-1011-1 TriStar, their second wide-body aircraft, followed in 1972.

Establishing hubs in New York, St. Louis, Chicago and Kansas City, it served 49 domestic US and 16 European destinations by the end of the decade, the latter including Athens, Barcelona, ​​Dublin, Frankfurt, Lisbon , London-Heathrow. , Madrid, Malaga, Milan, Nice, Paris, Rome, Santa Maria, Shannon, Terceira and Vienna, along with Cairo and Egypt in North Africa and Tel Aviv in the Middle East. As the seventh largest airline in the world, it carried more passengers between the United States and Europe than any other, including on the Los Angeles-London polar route, with a total of 22,653,000 in 1979.

While Hughes ultimately proved detrimental to the airline, another famous figure, Carl Icahn, a corporate raider who bought most of TWA’s stock in 1985 when financial perils brought on by deregulation left few options if he wanted to stay in the air, he left his own image tarnished. in it, taking the once illustrious international airline and turning it into a low-cost rag.

A brief respite showed promise when it acquired Ozark Air Lines, giving it a monopoly at its St. Louis hub, and similarly spiraling Pan Am’s carefully selected international routes offered attractively priced assets. But his precarious financial burden broke his back, causing him to slowly sell off his own strengths, notably his London routes from Boston, Chicago, Los Angeles and New York to the United States, for $445 million in 1991, a year before it was forced to sell. file for Chapter 11 bankruptcy protection.

Another purchase of the route authority, by USAir for service to London from Baltimore and Philadelphia, filled its coffers with a little more cash.

An August 24, 1992 agreement with the three major TWA unions exchanged the concessions for a 45 percent stake, and Icahn resigned as president the following January, leaving the bird a plucked carcass.

Promise once again reached its peak when it emerged from bankruptcy on November 3, 1993, having now counted the twin-engine wide-body Boeing 767-200, narrow-body MD-80 and Boeing 757-200 in its fleet. , but it went back in less. than two years later, in June.

However, the wings, once clipped by deregulation and a tarnished image associated with low-cost airlines, were virtually impossible to restore, leaving AMR Corporation’s American Airlines to acquire most of its assets and supply financing for its return. from bankruptcy on January 10, 2001. after flying three-quarters of a century as one of the “big four” airlines after Eastern, United and the one that kept its spirits in the skies.

Tolerance: Is it a good idea?

Do not do it!! Don’t you dare do it!!” Strong advice from a passionate finance expert. Barry Habib was discussing forbearance plans on a recent podcast aimed at real estate investors. I’ve been following Barry for a while, mainly due to his approach to lending. and his extreme intelligence when it comes to economics. Usually his advice is aimed at lenders, but this was very strong advice for real estate investors. There is a lot of hype about forbearance deals , and rightly so, as they can be extremely attractive and very useful. Some of the rumors make them seem too good to be true, so I looked for the truth. Can ordinary investors, like you and me, take advantage of this even if they don’t do we need it financially?The short answer is yes, but it comes at a price.

A forbearance agreement in its simplest form is an agreement between a lender or loan servicer and a borrower not to make scheduled payments as originally agreed upon. Focusing on real estate loans, a forbearance agreement would prevent a loan servicer from foreclosing on the property during the term of the agreement. Until now, if you entered into a forbearance agreement on a home loan, it would stop a foreclosure, but it would still be reported as late payments on your credit.

So why all the hype? The CARES Act has made some dynamic changes around these agreements. First, loan servicers for government-backed or government-owned loans must issue forbearance agreements to anyone who wants them. Yes, that’s right, anyone who wants them. In the past, these deals were hard to come by and the borrower needed to qualify and document financial hardship. Now, if the loan is owned or backed by the government, each borrower will get 180 days no questions asked, which they can extend for a second 180 days if they wish. There are no fees or penalties for taking advantage of this. An important point that was a subject of confusion is that this money is not free. There may be no fees, but anyone who enters into this agreement will need to make up any late payments. An initial misunderstanding was that borrowers would have to make a lump sum payment for all missed payments. That would have created mass foreclosures, which created fear. It was because of this belief that many investors believed that we would see another housing bubble burst. The truth is that each loan servicer will have the flexibility to work out a payment plan for each individual borrower. While it is true that a lump sum payment is one of the five repayment options, it is not necessarily required. It is much more likely that an affordable plan will be put in place that will prevent a massive increase in foreclosures. In addition to the lump sum option, here are the four payment options a loan servicer might implement with each borrower.

  • Borrowers can pay the past due amount within 12 months after the forbearance ends.

  • Extend the term of the mortgage for the exact number of months of forbearance.

  • Add past due amounts to the loan balance and extend the term of the loan by the number of months needed so that the monthly payment is the same as the previous payment.

  • Add past due amounts to the loan balance and extend the loan term by 40 years (480 months).

Basically, the borrower will be able to extend the term of the loan to offset these payments. These are specific to Fannie Mae and Freddie Mac. Other lenders or servicers of other types of loans may have slightly different options.

So if you automatically qualify and there are no fees, why wouldn’t you do this? Here are three death traps, which is why I think you should avoid doing forbearance deals on your mortgages if you can:

  • Depending on your payment option, the interest on these payments may increase. Since most of your payment will likely be interest, you’ll add interest to interest, which becomes very expensive in the long run. It will limit your borrowing power. Let me explain, while it is true that the CARES Act will prevent loan servicers from reporting late payments, the fact that you have signed this agreement will report it. Not reporting the late payment will keep your credit scores intact, but any lender who reviews payment history will see the forbearance agreement. I couldn’t find clarity on this, but most experts believe it will actually say “forbearance agreement” directly on the credit report for every agreement you enter into. I know this is true because three of the largest lenders in this country have already stated that they will create underwriting guidelines around forbearance agreements caused by COVID and will not extend credit for two to four years after the forbearance agreement. indulgence. That means just trying to get the system working and not making payments, you could be out of the game for two to four years! I’m not sure we will, but if this pandemic creates buying opportunities, it will surely be before I can borrow again.

  • By not making loan payments, you hurt the housing market as a whole. Removing the ethics of this decision, the more people who take advantage of the forbearance agreement, the less liquid lenders will have, which means the stricter the guidelines will be. This, of course, reduces the demand for housing.

What’s interesting about all of this is that loan servicers don’t understand the ramifications of putting you in a forbearance agreement. It’s the lender that owns the loan and the lenders that will originate new loans that understand this, but unfortunately that’s not who you’re talking to when you call your mortgage company to ask about it. I want to make it very clear that leniency is a fantastic option if you need it. Help people in need and help maintain home values ​​as we get through the COVID crisis. I only recommend against doing it if you can afford to continue with the payments. I also want to mention that these rules and privileges are for government loans only. Third-party lenders such as banks, credit unions, and private lenders are not subject to these guidelines.

Should you buy a new house for your retirement?

Many working professionals look forward to their retirement. After working for a long time, who wouldn’t want to be free of worries and relax with their loved ones? In fact, some people also decide to buy a second home as a form of investment or even as a place to settle when they decide to stop working.

There are also people who want to buy a new, smaller home to save for retirement and use up home equity. They usually don’t mind moving to a smaller house, especially when it’s just the two of them left in their old house. Others move to a new location where the cost of living is more affordable. Whatever you want, be sure to check with your spouse and come to an agreement.

Planning is always vital. As a couple, you must plan for your future and determine if what you want to achieve is realistic.

In terms of finances, you need to do some calculations and be patient. See how you are going to continue your life in a new place and if you can really save there. Be sure to review and submit your retirement account statements to find out how much you’ve contributed and whether you’ve reached the maximum amount.

When you’re done with your financial homework, your next step is to look for a good residential property to buy. If you’re planning to move to a new place, you should also do your research on the best places to live and where you can get the best deals. It can also be helpful if you stay in that place for a while to get a feel for the surroundings and make sure the lifestyle there is right for you and your partner.

For those who are buying a new home to live in, selling their old home should also be a priority. Market it in as many ways as you can for more exposure to more people looking to buy a home. Ask your friends and family to spread the word, use free internet listing sites, notify real estate agents and brokers, host an open house, and distribute flyers in public areas.

You may also want to hire a real estate agent to help you with the home sale and your new home search. Get referrals from good friends and family who have gone through the same process in the past few months. With a professional who knows the real estate market to help you, the process will be easier and perhaps even more successful than doing it on your own.

At this stage in your life, your goal is to make some profit from the sale of your home that you can use to buy a new home and for your retirement. And getting the services of a real estate broker or agent would be the best option.

5 simple tricks to keep the air clean and fresh at home

Imagine coming home to a clean house that smells amazing after a long, stressful day at work. Sounds good, right? Between the kitchen, your children, your pets, and just going about your daily life, your abode is bound to be a mix of a variety of scents (some of which are not so pleasant).

There are many easy ways to keep your home smelling fresh, no matter the time of day.

Follow these 5 simple tricks:

Use essential oils

Pure essential oils not only smell great, they are also known to have healing properties. If you want your whole house to smell amazing, add a few drops of a high-quality essential oil of your choice to your air filter.

If you’ve never used essential oils before, some scents to start with are lavender, which promotes relaxation, and lemon, which is energizing and refreshing.

Try Stovetop Potpourri

Potpourri has long been used in homes to give it refreshing scents. Remember when your mom would fill small bowls with potpourri and display them in your living rooms or bedrooms?

Many people have given that up and taken to making potpourri on the stove. For starters, try simmering lemon, rosemary, and vanilla together for a clean, refreshing smell.

You can search online for more stovetop potpourri recipes.

Check your garbage disposal

It is normal for kitchen garbage disposals to smell bad, especially if they are not cleaned regularly. An easy way to naturally clean and deodorize it is to cut orange or lemon peels and freeze them with water in ice trays.

Once frozen, run it through your garbage disposal. The mixture should help clean the disposer blades and naturally deodorize them.

Keep rugs and carpets odor free

To get rid of the funky smell from your rugs or rugs (especially in the most used rooms in your house), sprinkle on some baking soda and let it sit for 15 to 30 minutes. Vacuum normally and the odor should be gone.

use your oven

If you have guests over and need to get the house smelling amazing fast, put vanilla in your oven! Pour 2 caps filled with vanilla extract into an ovenproof bowl or cup and bake for 1 hour (300).

There you have it: try any of these simple tricks to keep the air clean and fresh in your home and you will be relaxed at all times.

6 tips to take your real estate investment to the next level

Many real estate investors have come to me with the same concern…they know they need to take their investment to the next level in order to get that higher cash flow they’ve been thinking about and dreaming of…but they don’t. I don’t have a clear plan on how to do it.

If you’ve been thinking about taking your investing to the next level, this article is for you.

Taking your real estate investment to the next level means venturing into new and possibly uncharted territory… But to reap those rewards… you have to do it. Many investors stick with the same types of deals that they made when they first started investing. There’s nothing wrong with that… Unless you’re looking for something bigger.

The following is a list of 6 tips to help you take your real estate investing to the next level…

Tip #1: Go after bigger fish

Think about why you first got into real estate investing. I started investing because I wanted to make a lot of money and I was tired of struggling financially. I started out like many investors, dealing in single-family properties. So I decided I wanted better cash flow and I wanted it fast. I went after bigger fish.

Commercial property investment offerings offer some of the highest cash flow and returns on your investment. The number of units and the size of the properties can generate the highest returns for the amount of time and money you invest in any business.

Tip #2: Continually educate yourself

To move to the next level in your real estate career, you must continually educate yourself. Education and information allow you to find solutions to any challenges that may arise while making deals. Education also helps eliminate unnecessary risks. Unfortunately, many investors believe that their lack of knowledge prevents them from doing more difficult deals, such as large multi-unit residential or commercial properties. It doesn’t take much to get informed and educated. Read books; expect seminars; talk to experts; and never hesitate to ask questions.

Tip #3: Get a mentor

A good mentor helps you gain hands-on experience much faster and easier than going it alone. Books and courses are important. But a mentor helps him navigate the deals and overcome any challenges he faces along the way. Mentors can serve as your safety net when heading into that unfamiliar real estate investment territory. If you really want to take your real estate investing to the next level, you need a mentor. A mentor will arrive faster and with much less risk than going it alone.

Tip #4: Use a Team of Experts

There are many people who shy away from the idea of ​​new investors taking on the risk of large, complicated projects, such as large apartment buildings or commercial real estate investments. They are correct. Very large investments are not for very inexperienced or novice investors. So why not let the experts be your experts? Your team of experts works to eliminate the risk associated with your inexperience and lack of knowledge. You can take your real estate investment career to the next level when you assemble a team of people with the experience you lack, people who already know how to navigate a large and highly profitable business.

Tip #5: Develop Marketing Skills

Marketing is necessary for any business. In fact, companies that lack a marketing system fail. To successfully take your real estate investment business to the next level, you need to develop your marketing skills and put them into action. A great way to start marketing your real estate business is through direct mail. Then, when you start getting responses to your direct mail efforts, network with places like local investment clubs, as well as bankers and lenders. Here’s an easy way to get started: take a marketing strategy, learn, and hone. Then start working on other forms of marketing (networking, for example).

Your business will go to the next level only when you start to know and use successful marketing strategies.

Tip #6: Have a Can-Do Attitude

Attitude makes all the difference…especially in real estate. A person who thinks he can’t make a deal because he’s bigger than he’s used to can’t and won’t take his business to the next level. The wrong attitude can doom you before you even try. On the contrary, a person who is hungry enough for success will achieve it simply because he does not give up.

No matter where you are with your investment, these tips can help you take your real estate investment (and your cash flow!) to the next level. Multi-unit residential and/or commercial real estate can definitely be the right vehicles to provide one of the highest cash flows in the industry.

When you combine education, expert support, marketing, and the right attitude, you have the ingredients to successfully win bigger investments, and therefore bigger and better cash flow deals. your next step is to take action.

Vancouver real estate investments will benefit from strong housing demand in the near future

Residential real estate in Vancouver has shown remarkable resilience in the current recession. While the market has seen a 5 percent decline in home values ​​compared to the peak reached in 2008, Vancouver home prices have risen, on average, 17 percent each year since 1980. This has made the Vancouver real estate market lucrative and attractive for properties. investors The trend should persist as a number of market indicators, economic fundamentals and other factors suggest that demand for housing in Vancouver and therefore the market’s outlook for a strong return on investment should remain strong.

Several indicators paint an optimistic picture of housing market activity in Vancouver. Home sales in the January-August period are 14 percent higher than the same period last year. However, this compares with an expected decline in home sales of nearly 15 percent nationwide. Indeed, the expected rebound in Canadian home sales next year will be driven primarily by a strong recovery in sales in British Columbia and Alberta, with the Vancouver area leading the way. Increased demand for homes, especially due to limited inventory levels, will put upward pressure on prices, making Vancouver real estate investments highly desirable.

In fact, inventory levels in Vancouver have already dropped as many buyers have taken advantage of low mortgage rates and well-priced properties in desirable locations. New listings are down about 23 percent from last year. According to RE/MAX Canada, the residential real estate market in Vancouver is currently considered balanced, with buyers and sellers on the same page for the first time in years. This has put pressure on prices, which bodes well for those hoping to earn returns on capital on their investment properties.

On the other hand, although the unemployment rate in British Columbia has risen 3.5 percentage points in one year to 7.7 percent in the second quarter of 2009, wages in the region have actually increased 2.2 percent. hundred. At the same time, consumer confidence has rebounded and most Canadians now believe the market is expected to turn so now is the right time to buy. Considering the impending economic recovery, British Columbia, including Vancouver, should see an uptick in employment and wages. With the region expected to lead the rebound in real estate activity in Canada next year, real estate investments in Vancouver should benefit from current and emerging economic trends.

In fact, the Canadian real estate market, and especially Vancouver’s, should be attractive to international real estate investors for a number of reasons. Canada’s economic growth next year will be at least double that expected in the United States and more than four times that of Europe. Additionally, the Canadian banking sector, ranked by the World Economic Forum as the world’s strongest banking system, has created a strong financial environment in Canada that ensures the safety of real estate investments in a highly volatile global investment environment. Also, the arrival of the 2010 Olympics and the opportunity to showcase Vancouver globally should bode well for residential real estate in the year to come. Therefore, investing in Vancouver real estate could be a good investment strategy for international investors.

Overall, the outlook for strong Vancouver real estate demand looks optimistic. The expected rebound in real estate activity, coupled with an economic recovery, a strong financial sector and the upcoming 2010 Olympics bodes well for Vancouver real estate investments. Investing in Vancouver property has proven to be lucrative so far and will likely continue to be an option for many local and international investors.

What You Should Know About Foreclosure And Its Stages

Mortgage’s trial:

A foreclosure occurs when a property owner is unable to make his loan payments. If a homeowner cannot keep up with the payments, they simply have to assign the property to the bank that has the mortgage on the house. A bank can initiate a foreclosure action against the owner. They can sell or repossess (take possession of) a property to recover the amount owed on a defaulted loan secured by the property. The rights of a property owner are lost due to non-payment of the mortgage. If the owner is unable to pay the outstanding debt or sell it through a short sale, the property goes to a foreclosure auction. If the property is not sold at auction, it becomes the property of the credit institution. Foreclosures are pretty straightforward sales because banks generally don’t want to be “homeowners”, they want to be “lenders.”

Here are the five stages to foreclosure:

• Late payments:

Foreclosure is a long process, which varies from state to state. A repossessed property is a property that has already been seized by the bank. This stage begins when the homeowner falls behind on home loan payments (or sometimes other loan terms). This is usually due to difficulties such as unemployment, divorce, death, or medical problems. Lenders can wait a second, third, fourth, or even more late payments before sending a public notice to the landlord.

• Public notice:

After three to six months of late payments, the lender files a public notice called a ‘Notice of Default’ (NOD) with the County Recorder’s Office, stating that the borrower has defaulted on their mortgage. Notice of Default and Intent to Sell must be mailed to the owner within 30 days of recording. This notice is intended to inform the borrower that he is in danger of losing all rights to the property and may be evicted from the home.

This NOD includes the property information, your name, the amount you are past due, the number of days you are past due, and a statement indicating that you are in default according to the terms of the promissory note and mortgage that you signed when you purchased your home. .

The owner has a certain period of time to respond to the notification and / or present the pending payments and fees. If money owed or other default is not paid within a specified time, the lender may choose to foreclose on the borrower’s property.

The next step for the lender is to file a notice of sale of the property. However, if the borrower catches up on his payments, the foreclosure process can stop.

• Before foreclosure:

This stage begins when the lender files a notice of default on the property, informing the property owner that the lender will take legal action if it fails to take over the debt. After receiving notice from the bank, the homeowner enters a grace period known as “pre-foreclosure.” During this time, the homeowner can either settle with the bank or pay the amount owed before the mortgage is foreclosed. Property owners who are in the pre-foreclosure stage can participate in a short sale to pay off outstanding debts. If the borrower pays the default during this phase, the foreclosure ends and the borrower avoids the eviction and sale of the home. If the default is not paid, the foreclosure continues.

• Auction:

If the default is not remedied by the prescribed deadline, the lender or its representative sets a date for the sale of the home at a foreclosure auction (sometimes called a Trust Sale). The sale of the Notice of Trust Sale (NTS) is recorded with the County Recorder’s Office. The notice is sent to the borrower, posted on the property, and printed in the newspaper. At auction, the home is sold to the highest cash bidder, who must pay the high bid price in cash, usually with a deposit up front and the remainder within 24 hours. The auction winner will receive the deed from the property trustee. The executing lender establishes an opening offer on the property, which is generally equal to the outstanding balance of the loan and any other fees. The money from the sale is used to pay the costs of foreclosure, interest, principal and taxes, etc. Any remaining amount is paid to the owner. In many states, the borrower has a “right of redemption” (they can get back the outstanding cash and stop the foreclosure process) until the time the home is auctioned.

• Post-foreclosure:

If a third party doesn’t buy the property at the foreclosure auction or there are no bids higher than the opening bid, the lender takes over. The property will be purchased by the attorney making the sale, for the lender. If this occurs and the opening offer is not honored, the property is considered Bank Property or Real Estate Property (REO). This occurs because many of the properties for sale at foreclosure auctions are worth less than the full amount owed to the bank or lender, or when no one is bidding on them. The “bank owned” property is put back on the market for sale, usually listed through a real estate broker.

Tired of looking at houses for sale in Cork, Ireland?

And what happens when you finally manage to get the details on a couple of suitable properties for sale in Cork (at least by following the agent’s details!) – which also haven’t become “Agreed Sale” almost as soon as I hear about them. – You head to visitors with the excited anticipation of finally finding your “dream home” only to be bitterly disappointed when you discover they are located miles from anywhere (shops, buses, trains, schools, etc.) to the next to a stinky pig farm or in the middle of a busy road.

Not to mention the sheer waste of your precious time, effort and money crossing the county (or even the oceans if you still live abroad while looking for suitable Cork homes for sale!

From the “wild and rugged” areas of Bantry & Glengarriff in West Cork, the southeast to the vibrant cities of Kinsale & Clonakilty or heading north to Cork city itself, Blarney and Mallow, Cork is a very large county with a lots of different styles, as well as property prices to see.

With so much physical ground to cover, where you could easily have to drive for 2-3 hours between visits, what a relief it would be if you could instruct independent home hunters to do the entire property search and purchase process on your behalf.

Appointing a reputable, independent home hunter firm to act on your behalf will take all the “effort” out of doing rounds of realtors / auctioneers and / or searching property website portals until the wee hours of the morning. hoping to discover that “gem of a property” before anyone else finds it.

By naming a Independent House Hunter to act on your behalf, who has also experienced the home buying process in Ireland, will pay big dividends down the road as they will be in the best position to save you time and money by negotiating the best possible price for the house. Of your dreams. .

Again, due to the great diversity of property types, sizes and locations, etc. In Cork, property sales prices can vary wildly. From the dizzying heights of various million Euros for the largest single-family homes in and around the Kinsale and Cork City areas to the more modestly priced cottages around Glangariff, Garrettstown and Skibbereen; like Carrigaline, Douglas, Wilton and Middleton.

From the older, ‘challenging’ properties to the less demanding new builds, a knowledgeable home finder will have learned invaluable lessons along the way about what to consider when buying property in Ireland.

Naturally, all the usual ‘caveats’ apply to buying a home in Cork, starting with the three most important factors to consider when shopping anywhere: “Location, location, location”. Even the elements, perhaps less known, perceptible to the inexperienced eye, such as structural condition, exact market values, etc.

Initial consultation / meeting

This is your opportunity to provide as much information as you can so that your home finders know exactly what you are looking for in your “dream home” in Cork and, most importantly, that you are eligible to buy property in Ireland. . They will discuss your needs and also advise on practical matters such as local schools, shops, travel links, etc. This should be a free, no-obligation consultation.

Preview and visualizations

Using your summary as a guide, and once the “paperwork” has been completed, your property search agent will search the Cork property market on your behalf and do all the groundwork for you, including previewing suitable properties. that meet your requirements. Your home finder should produce a short list of the most suitable properties for you to view, always accompanied by one of their team, as well as offering additional helpful advice as needed.

Negotiations and acquisitions

Your designated independent home hunters will handle the negotiations, haggling as much as possible on your behalf, to obtain the best possible price to secure your dream home in an extremely competitive market.

Hassle-free transportation

Because the company directors will have personally experienced the home buying process in Ireland, they will also be able to put you in touch with a wide range of trusted professionals and traders, with whom they have forged lasting relationships should you need them. .

For example: Lawyers, Financial Advisors, Architects, Surveyors, Plumbers, Painters, Decorators, Roofers, Structural Engineers, Electricians, Gardeners, and Moving Companies.

Ten (10) reasons to work with a commercial buyer agent

Looking to buy commercial real estate for your business or as an investment? The following are ten (10) reasons to seriously consider using a commercial real estate agent to represent your interests.

10. Provide an administrator for the purchase process.

A good Commercial Real Estate Agent will keep your property closing on track. For example, what is the status of the title commitment? Are there any questions or concerns regarding the title compromise? Has the survey been ordered and completed? When does my feasibility period end? When does my security deposit get “hard”? Is financing in place? Is an appraisal required and has it been completed? Have the necessary inspections been ordered and are they complete? Has a lawyer reviewed the purchase contract? Have all closing documents been reviewed?

9. Referrals to experts who can help with the property purchase.

Commercial Agents meet other real estate professionals who can bring their expertise to the property buying process. Professionals such as attorneys who specialize in real estate, title companies, surveyors, engineers, architects, public accountants, insurance companies, building / property inspectors, environmental consultants, contractors, appraisers, etc.

8. Assist with due diligence.

As part of the property buying process, an experienced Agent can help the Buyer ensure that the appropriate elements are investigated to ensure the property works for the Buyer’s needs. Due diligence is the pre-purchase effort made to discover and analyze information about the property under contract. Agents can assist the Buyer in obtaining the necessary documents and provide a checklist of these items, including information on zoning, jurisdictional requirements, floodplains, easements, covenants, conditions and restrictions, utilities, etc.

7. Identify and assist with the evaluation of the condition of the property.

Commercial agents can help buyers identify the most important items to consider as part of the buying and appraisal process, including a look at:

* Rental

* Physical condition

* Permitted uses

* Limitations on interior / exterior additions or renovations

* Adaptation of accesses and parking lots

* Opportunity to expand or lease surplus space

6. Experience of working with other Buyers

Based on past experience, Agents may recommend other considerations to the Buyer, such as: “Consider purchasing additional square footage that will provide space for your business to grow and until the space is needed, the additional space can be leased and provided assistance. to pay the monthly bills. ” .

5. It allows you to spend time with your business.

Let a commercial agent take the time to find your property, allowing you to dedicate your time to running your business. Focus on your experience and let an agent help you by focusing on yours. Time is too precious a commodity to spend driving in search of property.

4. Experience in negotiating prices and terms.

There is no other business professional with the experience and knowledge that a Commercial Agent has to help with purchase price and contract negotiations. Questions like: What is a reasonable and fair price for the property? Is this a good buy? What terms and conditions must be in the contract to ensure that my interests are protected? Do I need to get a certain amount of inspection and feasibility time as part of my purchase contract so that I can better study the property and confirm that it meets my needs?

3. The cost to the Buyer is zero, zip, nothing.

The Seller pays the Buyer’s Agent commission through a commission agreement between the two parties. The total cost is borne by the Seller.

2. Experience in the local market

No one is going to know the local commercial real estate market as well as a Commercial Agent. The listing agent will not tell you if your property is listed above the market rate and only an experienced agent can advise you regarding the location that makes sense for your particular type of business.

1. Buyer’s needs differ from Seller’s and need representation to protect their own unique interests.

The Seller or Owner will be represented by a Listing Broker and the fiduciary responsibility of this Broker is towards the Seller. The Texas Real Estate Commission (TREC) “Information on Brokerage Services” states that “the broker who lists the property for sale or lease is the owner’s agent.” In addition, it states that “a listing broker can assist Buyers, but does not represent the Buyer and must put the Owner’s interests first.” Finally, it states that “the Buyer should not tell the Owner’s Agent anything that the Buyer does not want the Owner to know because the Owner’s Agent must disclose to the owner any material information known to the Agent. Sellers are represented by their Listing Agents. Buyers need the same from a commercial buyer agent.