When lenders repossess a property through foreclosure, they’re looking to sell the property as soon as possible. However, because lenders are not exactly experts in selling, they enlist help from real estate agents to market foreclosed properties. While purchasing a foreclosed house through multiple listing services can save you a tone of money, it can also turn into a nightmare. That said, below are tips to ensure that you get a real bargain:
Make sure that your financing is ready to go
Majority of market players, such as the Federal National Mortgage Association or Fannie Mae, require that purchasers submit mortgage preapproval letters alongside their purchase offer. Most will reject contingencies. Because most foreclosed properties are vacant, expect closing to be very quick so that you will need to have the money you need to close the sale should you win it. Consult with a loan officer from a top mortgage firm in Utah to be clear about this.
Work with a foreclosure expert
You can look around for real estate brokers who specifically sell foreclosed properties for lenders or agents who can hunt foreclosed houses for you. Once you have your shortlist of candidates, ask to see their portfolio, specifically how many clients they’ve worked for that involved foreclosed properties, how many foreclosed properties they’ve sold for lenders, and how many of those transactions they’ve competed in the past year at least.
Figure out how much you can comfortably afford
Ask your broker to show you completed transactions of comparable properties to help you work out how much you can expect to spend on a foreclosed home. Begin with a price that’s significantly under market value since the lender will probably in a hurry to sell the property.
Be prepared to purchase an “as-is” property
Majority of homeowners naturally stopped doing regular maintenance on their houses before they can no longer afford to pay their monthly mortgage payments. That said, make sure that you have ample money to do at least some small repairs if you purchase a foreclosed property. While lenders might make some cosmetic repairs for staging the property for potential buyers, they won’t make extra or major repairs since they have already factored in the “as-is” or current condition of the property into the purchase price. To protect yourself, order a professional inspection to determine the property’s true condition, get environmental and pest inspections, and buy a warranty as well.
Expect some complications
Some states allow former owners of foreclosed properties to challenge the sale even after you’ve successfully completed it. While this isn’t that common, it’s best that you work with a real estate lawyer with ample experience in foreclosure so that you can learn about the foreclosure laws in your state and potential risks of buying a foreclosed property.
Put simply, while there’s money to be made with buying a foreclosed property, you must know and understand exactly what you’re getting into and select a property carefully. In addition, research your funding options and never neglect the basics that make a home worthy of your money just because of the lower purchase price.
In the workplace, there are specific areas that are notorious for having the highest rates of injury from slips, trips, and falls. These include the following:
- Walkways with high contaminant levels and wet areas;
- Stairs, steps, and ramps;
- Foyers and exterior entrances;
- Edges in between areas; and
- Areas utilised by workers who have an increased risk of injury due to their age, reduced mobility, and overall health.
As a business owner/employer, it is extremely vital that you address these high-risk areas to ensure the safety of your workers.
Implementing Safety Measures
The following are specific design features proven to reduce the risk of slips, trips, and falls according to Australian Standards 1428 and 1657:
- Industrial stairs and steps – Industrial steps must have consistent height and size for optimal security, and step nosings, which are the front section of the steps of the leading edge, must be non-slip and clear. Rails should have adequate hand clearance, be continuous, and have appropriate height and design. They should likewise be parallel to the floor surface or ground.
- Ramps – Ramps must have starting and finishing points that are clearly marked, have a gentle slope, and a continuous handrail with adequate hand clearance. They must also be equipped with a kick board or board if applicable and suited for potential users, such as those in a wheelchair.
- Flooring – In general, ground and flooring surfaces should be appropriate to the work area where it’s installed. Pay close attention to high-risk areas such as wet floors and those that are usually exposed to various contaminants.
Other Crucial Design Considerations
Various studies have also determined that these extra and simple design features would further reduce the risk of slips, trips, and falls in the workplace:
- Recessed structural hazards, including sliding door frames, shower door frames and hobs;
- Workstations that are perfectly suitable for the tasks at hand;
- Streamlined and logical work flows to minimise slip, trip, and fall hazards;
- Ample storage for workers to ensure that the working areas and floors are always free of clutter.
Most importantly, it’s immensely important that you educate your workers and regularly inspect the workplace to ensure that all safety measures are in place, well maintained, and are working perfectly.
23 Sep 2018
While lawyers handle the matter of resolving a court case, they rely on paralegals to accomplish other legal tasks. These include conducting legal research, drafting documents, organizing files, and any other delegated tasks a lawyer is usually responsible. In fact, according to the American Bar Association, they can improve a lawyer’s practice by fostering cost efficiency in some ways.
Clerical and administrative tasks may make up most of their responsibilities, but paralegals also perform other duties that can increase a lawyer’s chance of winning a case. Paralegal schools share how they can contribute to a lawyer’s victory:
Paralegals gather crucial court evidence by obtaining support documents and contacting resource persons. They also go the extra mile by handling the personal concerns of the clients, while offering encouragement and reassurance, especially those who are emotionally traumatized. Paralegals, particularly trustworthy ones, can encourage people to open up or share crucial information.
Help prepare arguments or formulate a defense
Paralegals know that even smallest detail can affect the outcome of the case. This is why lawyers can rely on them to draft pleadings, conduct legal and factual research, organize files, review client files, interview witnesses, and assist at trials and closings. Most of these tasks are necessary for preparing arguments and formulating the best possible defense.
Offer assistance in pro bono activities
With the employment of paralegals, lawyers and law firms will have the ability to provide more pro bono services just as legal paid services. Paralegals can be relied on to perform important legal tasks that would otherwise be performed by a lawyer. This can then offer savings, as well as professional development.
With a wide array of task paralegals can perform, they make a great addition to a competitive legal team. Apart from helping lawyers achieve success, they also help law firms provide better services by positively transforming the lives of clients. This is why no one should hesitate enrolling in a paralegal school or making this profession a choice of career.
When you’re faced with legal issues, it’s natural to want the best representation possible. One of the best ways to find the right criminal defense attorney in Kent is to ask your candidates a number of key questions to narrow down your field of selection. Here are some examples of those essential inquiries:
How Experienced Are You?
The first thing you have to check is the lawyer’s track record. Ideally, you should go for someone who has a solid history and who has won most of their cases. A long line of successful outcomes along with great feedback from long-term clients and co-workers are usually some of the best assurances that your case will be in good hands.
What Do You Specialize In?
Hiring the services of an attorney whose field of expertise falls in line with the nature of your case will give you a greater advantage. If your case is related to assault, then try to get in contact with a lawyer who focuses mostly on handling those kinds of legal battles. Look up different criminal defense lawyers to check who has a specialization that will suit your requirements.
How Is Your Public Reputation?
A common factor that most people forget to check is the attorney’s reputation within the community. Avoid solely relying on the lawyer’s own words and do your own research. Ask previous clients and law enforcement how this particular attorney handles his clientele. Remember, being comfortable with someone who will represent you in the long and arduous legal process of your case will make the experience a lot easier to handle.
Of course, there is always the inquiry about legal fees. Though this is still an important question, you should realize that to win the case, you have to aim for quality, and that does not come cheap. Remember, finding a lawyer who suits your case will help you achieve a favorable outcome. Thus, scrimping on your victory is the last option that you should consider.
There are various methods to contain and resolve a hazardous liquid spill. The approach is dependent on the affected environment and the type of liquid. For example, a petroleum spill on land is different from an oil spill in the sea. One of the several differences between these two kinds of spill is the materials used to clean and contain the spill.
Spill Response Team
An emergency response team that has knowledge in dealing with hazardous liquid spills are the right people for the job. There could be different professionals on the team that are assigned to do certain tasks. For example, some people could be assigned to stop the leakage from the source of where the hazardous liquid is coming from. Other members of the team would know how to dispose of the materials used in absorbing the dangerous liquid properly.
Environmental Control Products
Overall, there is one aspect that most approaches would have used in cleaning and containing a spill. Most approaches would have used a spill control kit that contains various sorbents that are suitable for a specific type of spill. Most spill kits are compact and convenient, and they are suitable for indoor or outdoor use. They may contain instruction cards, protective gear, waste disposal bags and more.
Effective Spill Response
In responding to a spill, it is highly recommended for companies to have staff who are trained to respond to a spill. There are various techniques to train employees on how to deal with a spill. The first step in responding to a spill is to prepare the cleaning materials on site. Next, a team should assess the spill site to know how much material should be used. Tasks should be allocated to the different members of the emergency response team.
After preparing all materials and getting a signal to start the clean up, the team should wear protective gear. Once the team gets to the spill site, they should properly create a barrier around the spill using sorbent materials. Gathering the liquid through sorbent materials is an effective method of safely containing a spill.
As for the last step, most response teams will create an assessment report on the actions they did in cleaning up the spill so that they would know what to improve on the next time a spill would occur. Having a knowledgeable response team and using a spill kit can ensure that a spill is safely cleaned and contained.
18 Aug 2016
There are numerous reasons why you should use temporary fencing. It is a great alternative for those who do not want to keep their fences up all year round. Fencing is the best option if you want your place to be secured and free from unauthorised personnel. If you need a boundary for protection, consider renting a temporary fence. Plus, there are other benefits in choosing a temporary fence.
To Secure Your Landscape
If you are currently doing a landscaping project and do not want any interruptions, consider setting up a temporary fence to keep animals and neighbourhood children from your property. It is essential to keep children at bay because they might get themselves into danger, which would develop liability issues that will cost you additional expenses.
Also, children and animals might harm or disrupt your unfinished project that will eventually force you to repair and pay for the damages yourself.
To Form Privacy for Entertaining
If you are hosting a wedding or any kind of party, it is necessary to set up temporary fencing. It will provide you privacy for the event and enable you to take it down once the event is over. A lot of people choose this kind of fencing as they won’t really need it all year. Getting temporary fencing solely for your event will enable maximum privacy and keep gate crashers from attending your event.
To Make a Play Area for Kids
If you want to make a play area for your kids while they are young, setting up temporary fences will give you the liberty to dispose of it in the future once they grow older. Most people do not want to ruin their property’s landscape by adding permanent fencing.
Temporary fences offer flexibility, privacy and safety. This is ideal for those who are just renting their place or those who want the liberty of taking it down in the future without any hassle.
21 Jul 2016
You live in a time unlike any other. With the breakthroughs in technology, both marvelous and riveting, performing the usual mundane tasks is just a matter of tapping a remote or your phone.
Along with this great convenience, the sense and guarantee of individual security experienced a great upgrade, too.
Chicago home security system experts suggest that if you’re not yet utilizing the advantages of IoT in your home property or bu
18 Jun 2016
No matter where you are in the United States, your metal tanks and containers need permits. It doesn’t matter what’s in them — whether you use it to store chemicals, drinking water or even just to capture rainwater, you need to pass periodic inspection.
What’s more, any above ground storage tank is costly. If you want something that will last and really give you value for money, you get a high-end model, and you maintain it religiously.
Here, the experts at Heartland Tank Services share some ways to keep the inspectors happy and your tanks lasting as long as they possibly can:
1. Keep it away from farmland and drinking water sources.
If you don’t want extra costs after the inspection and to continue to use your tanks without any problem, set them up right from the start. You have to make sure that it’s far enough from drinking water sources and farmland not to cause any damage in case of a spill. Your inspector may ask you to move it further away if it’s too close.
2. Check it out as often as you can.
Sometimes, birds and other animals can do damage to your tank. Sometimes, a storm or temperature change can wreak havoc on the material your container is made of. For whatever reason your tank gets damaged, a routine check can fix it immediately and you won’t have any problems.
3. Get secondary containment.
In case a spill does happen, having a secondary containment system such as double walls, vaults, liners, and dikes are just some possible solutions. The containment system must not let any spillage through — don’t think about saving the content any longer when you’re designing your secondary system. Your inspector will thank you for being safe.
Why does the government have so many regulations for tanks? Even if you’re just catching rainwater, leakage and spillage can be harmful to the environment, nearby residents and even your own property.
Buying a new home can be financially draining. There are simple things you can do, however, to minimize unnecessary costs. You will be surprised to discover that it’s the small things that make all the difference. They gradually get out of hand and before you know it, you have accumulated too many costs that would have otherwise been avoided.
Here are things you can do to reduce your expenses.
Insulate exposed water pipes
Exposed water pipes allow a lot of heat to be lost hence, you end up using more energy to heat your water. Cold areas like the basement are especially more prone to losing heat and therefore, by insulating the water pipes in this areas, you will massively save power.
Programmable thermostats have a built-in feature that allows you to program the rise and drop in your home’s temperature. Therefore, you will reduce the costs for cooling in summer and heating in winter. Don’t worry about installation because they are quite easy to install. They are also easy to use especially if you have a regular schedule.
Removing dust in vents of all the rooms
Inspect all your vents and ensure they are not covered by any dust. You can use a broom to clean all your vents or wipe them with a piece of cloth. This will also improve air circulation in your home. Here in Riverton, you can easily find cheap cleaning equipment for your new townhome.
Mark cracks on the wall with a masking tape
You may be wondering why you need to cover cracks with masking tapes. Well, this is a clever way of verifying whether the cracks in your house are growing. If you see any cracks out of the end of the tape then you have reasons to be worried. Repair them immediately to avoid any future costs that will be way off the amount you expected.
By taking simple preventive measures in your new home, you will save a lot of money in the long run. Don’t wait till it’s too late.
30 May 2016
It is well established by investing in gold is a good way to hedge against, and investing in gold sovereign coins is even better. Gold sovereigns in the UK have intrinsic as well as numismatic value. That is, they have value for the gold they contain, and as collectables.
Here are some reasons you should buy the 2015 sovereign, and where.
The 2015 sovereign contains gold worth £202 in today’s gold market, but sellers peg it at a minimum of £227.80. This is bound to rise because the 2015 sovereign has only the fifth depiction of Queen Elizabeth II in more than 60 years as a reigning monarch. Its numismatic value will rise as more people buy it as a collectable because the supply is dwindling. Since it is a new issue, most of the sovereigns for sale are in FDC (Fleur-de-Coin) condition. Speculators can realise a nice profit if they choose the right time to sell.
Back in the day, only dealers could purchase bullion coins like the 2015 sovereign directly from the Royal Mint for investment purposes. That is no longer true. Starting a few years back, it started selling bullion coins to anyone that cared to buy them. However, buying directly from the Royal Mint may not give you the best value. You have the assurance that the coins are genuine, but its selling prices are not the lowest in the market. You may be able to get genuine coins from reputable online dealers at better prices. Some may even offer free delivery.
Most sovereign coins sold for investment are likely to appreciate over time as long as they remain in good condition. While gold prices may fluctuate, the numismatic value of the 2015 sovereign and others of its kind are likely to remain steady. Some will appreciate more than others will, so you should do your research before making a purchase. This, together with its intrinsic value, makes gold sovereign coins a good way to invest your hard-earned cash.
The 2015 sovereign is a good example of why you should invest in gold sovereigns. Its gold and collectable value are likely to increase over time. It is a good idea to compare prices of online sellers before purchasing to get the best deal.