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Once I Stop Paying My Mortgage, How Long Do I Have Before Eviction?

By Patricia Payne

If you have stopped making your mortgage payments, how long you can stay in the home becomes a looming question. Depending upon what state you live in, as well as your lender’s foreclosure procedures, it could take months, or even years, for the foreclosure process to end in an eviction.

Foreclosure is a stressful process. You are constantly bombarded with threatening letters from attorneys, your lender, and even your local judicial system, and the process can take time before all avenues to collect on the promissory note are exhausted.

When Does a Foreclosure Officially Begin?

The foreclosure process officially begins when you miss your mortgage payment by the due date. For most homeowners, the due date is the 1st of the month. However, the majority of lenders generously give a 5 to10 day ‘grace period’ before any late charges are assessed on your account. That means if you fail to make your payment by the 1st of the month, a late charge will be added to your account if a payment is still not received by the 6th. Failing to meet your grace period is usually the first red flag that lenders see for delinquent accounts, and this initiates the foreclosure procedure.

[youtube]http://www.youtube.com/watch?v=aq7MDFJIgw0[/youtube]

What are the Initial Stages for Foreclosure?

In an effort to resolve the delinquency, your bank will send you a late notice. If no contact can be made within a week or two after the grace period, the lender moves onto legal notices. Some homeowners try to stave off foreclosure by making false promises to send payment. Although this can buy some time in the beginning, false promises give lenders less flexibility with a borrower down the road when foreclosure is in full swing.

If contacts are futile and a payment is not received by the lender’s ultimatum, then a Notice of Default (NOD) is filed by an attorney in the county recorder’s office of your county of residence and sent to you via registered and certified mail. A NOD gives public notice that you are delinquent and the lender intends to proceed with foreclosure.

Once an NOD is received you have varying amounts of time to respond, depending on the state in which the home is located. You may have as little as 30 days or less in some states, while other states allow up to 12 months or more to resolve defaulted mortgages after the NOD is filed.

When Does the Auctioning Process Begin?

When the reinstatement period ends, the lender moves forward with assigning a date for auction. The timeline of this process also depends on the state. Some states give Deeds of Trust where a trustee, usually a title insurance company or attorney, sets up the auction. Mortgage states must go through a judge to perform a judicial foreclosure sale. Once the auction date is set, you, as a homeowner, may still reinstate your mortgage if you can pay all past due mortgage payments – plus interest, late fees, and all attorney fees – which can all add up to be quite a significant amount. However, this is your last chance to prevent foreclosure.

Once a public auction has been held and a new owner is assigned through a sheriff or trustee sale, you may have some time before you are escorted out of your home by law enforcement. All in all, your time from late payment to eviction can take anywhere from about six months to well over a year before all legal processes are fulfilled.

This article is intended for general information. Always seek sound financial and legal advice before making any financial decision.

About the Author: Helpful mortgage information at Online-Home-Mortgage.net P. Payne works for OHM Mortgage and Foreclosure Information Site providing answers to all those questions people need to know.

Source: isnare.com

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Pacific Rim braces for tsunami following major Chilean earthquake

Saturday, February 27, 2010

At 06:34 UTC today, an 8.8 magnitude earthquake hit Chile, triggering a tsunami in the Pacific Ocean. The tsunami has already hit the French Polynesia islands, with waves reaching two metres (six feet) high damaging to the coast. In Fiji Japanese officials expect waves 2.3 metres (7.5 feet high). Australia and New Zealand are expected to receive waves of one metre (three feet) which are expected to hit within 24 hours of the earthquake.

The Pacific Tsunami Warning Center reported that there may be “widespread damage” from the waves, saying that “authorities should take appropriate action in response to this threat.”

In a special report, Wikinews looks at how different parts of the world have been affected by the disaster.

Hawaii is expecting to receive waves reaching 2.5 meters (8 feet) high. A warning went into effect at 6AM local time – 5 hours before the expected arrival of the Tsunami; Hawaiian Governor Linda Lingle declared a state of emergency. At present, there are confirmed reports from the Pacific Tsunami Warning Center of waves hitting the islands’ eastern coasts.

Get off the shoreline. We are closing all the beaches and telling people to drive out of the area

Additionally, the western coast of the United States – extending from California to portions of Alaska – is under a tsunami advisory.

The civil defence spokesman for the Hawaiian island of Oahu, John Cummings, encouraged people to “get off the shoreline. We are closing all the beaches and telling people to drive out of the area.”

The tsunami hit the Gambier archipelago at approximately 6:30 am local time. The Marquesas islands were hit about an hour later. Reports from the islands indicate that there was no significant damage or casualties yet. The islands followed the tsunami alert plans put in place following the major 2004 Indian Ocean tsunami.

In a statement, the New Zealand Ministry of Civil Defence and Emergency Management commented, “[the] current assessment is for a non-destructive tsunami for New Zealand with wave heights at the shore of between 0.2 and one metre [three feet]. The first wave may arrive later and may not be the largest. Waves may continue for several hours.”

The centre, which also confirmed the initial Chile earthquake, also added that “sea-level readings confirm that a tsunami has been generated which could cause widespread damage. “Authorities should take appropriate action in response to this threat.”

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The government noted that the waves were not predicted to have destructive force. According to the Australian Broadcasting Corporation, the first waves would not hit the country’s shores until fifteen hours after the initial quake.

“Stay away from the beaches. Don’t go out on the water and if you are already out on the water up anchor and head to deeper water at least half a mile off shore,” warned Coastguard Northern Region duty officer John Cowan.

Meanwhile, the Marsden Point oil refinery, the only refinery in New Zealand, put all of its operations on hold as they were waiting for further information about the strength of the expected tsunami, according to production controller Ted Rye.

“We’ve just had a report from a trader fishing boat out at the Hen and Chick islands, about 10 kilometres off the coast, and they have noticed quite a significant surge,” he remarked.

New Zealand Civil Defence Minister John Carter also appealed for residents to heed officials’ warnings and stay away from shorelines throughout the day.

The east coast of Australia was placed under a tsunami alert; the impact expected in Sydney from 8:45am local time, Sunday there, and along other parts of the New South Wales coast. Areas in Tasmania potentially affected by the quake would be under tsunami alert until 7:45am local time.

“Boats in harbors, estuaries or shallow coastal water should return to shore. Secure your boat and move away from the waterfront. Vessels already at sea should stay offshore in deep water until further advised,” read a warning by the Joint Australian Tsunami Warning Center. “[…] Tsunami waves are more powerful than the same size beach waves, with the first wave not always the largest.”

The centre noted that among the areas with a “potential tsunami threat” include New South Wales state, Queensland state, Lord Howe Island and Norfolk Island. However, it also added that the bays and harbours of Sydney would not likely be affected by waves.

Please click an image to enlarge it and see more info.

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Map highlighting coasts and countries that have tsunami alerts as a result of the quake

Graphic representation of the southeastern Pacific tectonic plates near Chile which cause earthquakes in that region.

US president Barack Obama being briefed about the earthquake

Estimated time needed for tsunami waves to reach certain points of the Pacific Ocean

Map of earthquake with star locating epicenter

Map of Chile from CIA World Factbook with the epicenter of 2010 Chile earthquake marked

Preliminary forecast model energy map of the 2010 Chile earthquake tsunami

Map of Chile with the epicentrer location of the earthquake

Retrieved from “https://en.wikinews.org/w/index.php?title=Pacific_Rim_braces_for_tsunami_following_major_Chilean_earthquake&oldid=4511684”

Flight recorder for fatal China Eastern flight 5735 crash found

Wednesday, March 23, 2022

One of the flight data recorders from the downed China Eastern Airlines flight 5735 has been found, aviation officials announced Wednesday.

MU5735 crashed Monday in Guangxi, China, while carrying 123 passengers and nine crew members.

Mao Yanfeng of the Civil Aviation Authority of China said it yet to be determined if the damaged device is the flight data recorder or the cockpit voice recorder. Authorities are still searching for the second recorder. There is no information on the data’s integrity.

The aircraft, a Boeing 737-800, had a clean maintenance record. Air traffic controllers had standard communications with the plane until it went into a dive. Rescue workers have not found any survivors of the crash, which took place in a mountainous region near Wuzhou.

The United States National Transportation Safety Board has appointed a senior investigator to assist the Chinese-led investigation, as is customary in accidents involving US-built aircraft. Technical advisors from the US Federal Aviation Administration, Boeing and CFM International will also take part.

Retrieved from “https://en.wikinews.org/w/index.php?title=Flight_recorder_for_fatal_China_Eastern_flight_5735_crash_found&oldid=4671503”

Iraqis say U.S. bombing killed 39 civilians

Monday, October 17, 2005

American helicopters and warplanes bombed 2 villages near Ramadi, Iraq on Sunday. The U.S. military said nearly 70 suspected insurgents were killed, while local witnesses said that at least 39 civilians, including 18 children, were also lost to the attack.

A Ramadi resident, Ahmed Fouad, said that just after 7 p.m. Sunday, U.S. warplanes killed 18 children, including Fouad’s son and 8-year-old daughter. “She was killed with her brother. Her mother had a stroke out of shock.” Fouad said.

Family members of victims gathered at a Ramadi General Hospital where refrigeration space for the dead bodies had been exhausted. In the garden the bodies of a woman and three children lay as relatives sifted through remains.

“[They] were not terrorists…they were only a bunch of civilians whose curiosity prompted them to gather around a destroyed Humvee,” said Dr. Dhiya Fahdawi in reference to the dead and wounded.

The U.S. military neither confirmed nor denied that civilians were killed and issued a statement saying; “All the attacks were timed and executed in a manner to reduce the possibility of collateral damage.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Iraqis_say_U.S._bombing_killed_39_civilians&oldid=3853242”

Tips For Real Estate Agents: How To Ensure Success

By Ryan Pauline

There are now millions of real estate agents that are working across the property industry. In the United States alone, it is estimated that there are now up to two million property agents. Needless to say, competition among such professionals is much more intense. All of them are logically intending to close property deals with as many buyers and sellers.

Becoming a successful real estate agent could be a real challenge. It would take more than training, experience, and license to succeed in this industry. To be successful, any agent should be very familiar about the effective regulations and property laws within the market. Not all agents could succeed based on such factors.

According to US-based National Association of Realtors, about 40% to 80% of new property agents drop out from the profession within their first year. Nine out of 10 of them tend to give up after about three years of failure in the industry. Here are several tips that could help real estate agents succeed in their profession.

First, the agent should treat himself as a business. The profession is actually a business. He could be working under a broker. But in general, he remains independent and his income depends on his commissions from sales. Property agents should run the practice as real businesses.

[youtube]http://www.youtube.com/watch?v=xt2ZtqlfumY[/youtube]

Second, the agent should set a definite and workable plan, whether for marketing or for strategies. A real estate agent is logically responsible for his own marketing expenses. Thus, he should develop a marketing plan within his strategic plan. Marketing plan is driven by information while strategic plan should identify specific action takers and time frame.

Third, there should be effective sales goals. New agents should expect their sale within their first six months in the business. However, that should not affect their sales targets. Such goals could make any professional more determined and driven.

Fourth, set a financial budget. In general budgeting is important given the current volatility of the marketplace. The financial budget of every property agent should cover marketing costs and additional expenses like education, further training, and advertising. Consider the sales targets and the forecast income when setting the budget.

Fifth, prioritize self management. Success comes to agents that could manage their selves better. Time management is essential in balancing personal and professional life. Property agents should set their priorities. They should always find time to spend with their family, health, and social life to attain professional boost.

Lastly, a property agent should find a good and reliable mentor or real estate coach. New agents should take note. A mentor could serve as a guide that would help an agent overcome professional obstacles and challenges. Agents should hire mentors or coaches especially if they have the resources.

Being an incredible sales person is not an assurance that one could be an effective agent. Observing the right attitude and being adequately equipped to operate in the industry would be crucial. These tips could lead real estate agents to real and lasting success.

About the Author: Are you looking for more information regarding real estate agents? Visit winnipeghomefinder.com/ today!

Source: isnare.com

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US automakers GM and Chrysler seek more government aid

Wednesday, February 18, 2009

The United States auto manufacturer Chrysler, which has been badly affected by the ongoing recession, has asked the US government for an additional US$5 billion in aid on top of the four billion it has already received, saying that it plans to fire three thousand employees. At the end of last year, the auto maker had just over 54,000 employees, meaning that the layoffs will equal about six percent of its total workforce.

In addition, Chrysler will cut the Chrysler Aspen, PT Cruiser, and Durango from production.

Another automaker, General Motors (GM), announced that it seeks $16.6 billion in loans from the government, in addition to the $13.4 billion that it has already received. GM plans to lay off 47,000 employees and close five factories. GM says that it might need as much as $30 billion from the US Treasury Department, an increase over their previous estimate of $18 billion. The company has warned that it might run out of money by March if more aid was not given.

Rick Wagoner, GM’s chief executive, described the firm’s plan as “comprehensive, responsive, achievable, and flexible”. “We have a lot of work in front of us, but I am confident it will result in a profitable General Motors,” he said, adding that “today’s plan is significantly more aggressive because it has to be.” GM says that it could be profitable in two years’ time, and might be able to repay all its loans by 2017.

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A third US car manufacturer, Ford Motor Company, has said that it can make it through this year without any government aid.

The US Treasury Department will review the car makers’ survival plans for several weeks before a decision is made on whether or not to extend the loans. That decision is due by the end of next month.

Retrieved from “https://en.wikinews.org/w/index.php?title=US_automakers_GM_and_Chrysler_seek_more_government_aid&oldid=830308”

Quality, innovation and competitiveness centre-stage at Taipei Int’l Hardware & DIY Show

Friday, October 19, 2007

The 7th Taipei International Hardware & DIY Show, organized by Kaigo Taiwan (The representative of Koelnmesse in Taiwan) and Koelnmesse GmbH, started on October 18-20 at Taipei World Trade Center Exhibition Hall 3. This show has 183 participants using 300 booths to exhibit accessories and tools on esoteric fabricating, home-living applications, and security.

With people in Taiwan valuing on the quality of home-living, the organizer set a pre-show pavilion of “2008 Taipei Home & Lifestyle Fair” and invited B&Q & HomeBox holding DIY workshops for visitors.

This exhibition is conjuncted with industry and applications, and pursuing with three main topics of “Quality, Innovation and Competitiveness”. International factories such as Hitachi, Rexon, Ryobi participated this show for the export opportunity in the hardware industry.

After the “Product Certificates and Testing” pavilion in TAITRONICS Autumn, Bureau of Standards, Metrology & Inspection, M.O.E.A., R.O.C. (Taiwan) and DIY in Europe magazine were invited for speeches focused on certifications on hardware & DIY products and environment issues in EU.

Retrieved from “https://en.wikinews.org/w/index.php?title=Quality,_innovation_and_competitiveness_centre-stage_at_Taipei_Int%27l_Hardware_%26_DIY_Show&oldid=545815”

On the campaign trail in the USA, October 2020

Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

Retrieved from “https://en.wikinews.org/w/index.php?title=On_the_campaign_trail_in_the_USA,_October_2020&oldid=4650213”

Accommodation In Essex

Submitted by: Paul Sage

The Best Western Atlantic Hotel is a new breed of hotel. It has evolved to incorporate the best of a traditional hotel, yet it has enough forward looking ideas to allow it to both look and feel modern, yet homely.

The primary objective of the staff is to provide their customers with the most efficient, reliable and professional service available, while retaining the personal touch of a traditional hotel.

When you enter the Atlantic Hotel for the first time, you will be amazed by the amount of natural light that is maintained in the lobby. The smart and stylish surroundings provide a warm, comfortable welcome to your stay, and a “wish I didn’t have to leave so soon” feeling to your departure.

The Atlantic abolishes the divide between the Corporate Hotel and Family Hotel to allow you to feel at home whether you are staying for business or pleasure purposes.

[youtube]http://www.youtube.com/watch?v=496gfTY7vo4[/youtube]

To help you remain active during your stay, they are sited next door to top-class fitness suite, Fitness First, which is available for you to use free of charge.

Also part of the Best Western group and a fine example of the quality accommodation in Essex available is The Rose and Crown Hotel. Dating back to the 14th century, the hotel is a beautiful oak timber framed building situated in the bustling, historic town of Colchester.

Lovingly restored over the years the hotel is an ideal base for both the business and leisure traveller. You can sit back and enjoy a glass of wine in front of a roaring fire in the Tudor bar or go for a lazy walk in the nearby panoramic Constable Country.

The hotel is conveniently located close to Colchester town centre and the A12, less than an hours drive from Stansted Airport and 40 minutes from the Port of Harwich. Central London is 45 minutes by train and the idyllic city of Cambridge is only one hour drive away.

Licensed for wedding ceremonies, The Rose and Crown Hotel can accommodate guests from 10 to 150 people for your wedding breakfast and up to 200 people for your Evening reception. Their friendly and professional team will be on hand to guarantee that your day will be a truly memorable and enjoyable one for both you and your guests.

Moving now to a different type of accommodation in Essex, Dairy House Farm Bed and Breakfast is a 700 acre arable and fruit farm. The house is set in the middle of the farm with views of the countryside in every direction. The farmhouse was extended in 1876 into a wonderfully spacious home with large rooms and much typical Victorian ornamentation.

The two en-suite bedrooms are warm and spacious and each has 19 inch colour televisions with freeview and DVD, and also a drinks tray with an array of teas, coffee and hot chocolate on offer. Fresh flowers, bathrobes, clock radios and comfortable chairs are also in the rooms as well as other little extras to make your stay as home from home” as possible. Wi-Fi is also available.

Although the house has a completely rural setting, it s just a twenty minute stroll to an excellent pub and shop in the village of Bradfield and just one hour by train to London (Liverpool Street) from Manningtree station which is approximately 5 miles away.

Dairy House is an ideal stepping stone to the Continent via the Harwich (Parkeston Quay) ferries, or a comfortable base for touring our county or indeed Suffolk. There are many places of interest to visit during your stay and they have lots of tourist information for guests to browse through. Guests are also welcome to borrow detailed maps of the surrounding area during their stay and long term parking is also available for those going on cruises etc. from Harwich at 2 per day.

There are lots of excellent eating places local to Dairy House Farm, both restaurants (Italian, Chinese, Indian and English) and pubs, all within a 15 minute drive and sample menus of most of them available for their guests to look at.

This is just a small taster of the accommodation in Essex that awaits you, and rest assured, once you have visited our historic and picturesque county you are sure to return.

About the Author: For more information and resources on the county of Essex, please visit our website via this link:

essextouristguide.com/Accommodation_in_Essex.asp

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Viktor Schreckengost dies at 101

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

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