Total Foreclosures Fall; ‘Zombie Foreclosures’ Pose Challenges

first_img Tagged with: Owner-vacated RealtyTrac U.S. Foreclosure Market Report Zombie Foreclosures Data Provider Black Knight to Acquire Top of Mind 2 days ago Total Foreclosures Fall; ‘Zombie Foreclosures’ Pose Challenges Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Owner-vacated RealtyTrac U.S. Foreclosure Market Report Zombie Foreclosures 2014-03-12 Colin Robins The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Foreclosure filings are down to record lows, but a more sinister-sounding problem may be on the rise—”zombie foreclosures.”RealtyTrac released its U.S. Foreclosure Market Report for February, reporting that foreclosure filings (default notices, schedule auctions, and bank repossessions) were 112,498, down 10 percent from January and down 27 percent from the previous year.Foreclosure filings in the month of February represent the lowest monthly total since December, 2006—a more than seven-year low.”Cold weather and a short month certainly contributed to a seasonal drop in foreclosure activity in February, but the reality is that new activity is no longer the biggest threat to the housing market when it comes to foreclosures,” said Daren Blomquist, VP at RealtyTrac.”The biggest threat from foreclosures going forward is properties that have been lingering in the foreclosure process for years, many of them vacant with neither the distressed homeowner or the foreclosing lender taking responsibility for maintenance and upkeep of the home—or at the very least facilitating a sale to a new homeowner more likely to perform needed upkeep and maintenance,” Blomquist said.As of the first quarter of 2014, a total of 152,033 properties in the foreclosure process had been vacated by the homeowner. These “zombie foreclosures” represent 21 percent of all properties in the foreclosure process.Owner-vacated properties have been in the foreclosure process an average of 1,031 days, nearly three years.”One in every five homes in the foreclosure process nationwide have been vacated by the distressed homeowner, but it is closer to one in three foreclosures in some cities,” Blomquist added. “These properties drag down home values in the surrounding neighborhood and contribute to a climate of uncertainty and low inventory in local housing markets.”The state with the most owner-vacated foreclosures was Florida with 54,908, representing 36 percent of the national total. Illinois (15,512), New York (10,880), New Jersey (8,595), and Ohio (7,780) rounded out the top five states for owner-vacated foreclosures.Foreclosure starts fell back to 51,842, their lowest level since December, 2005. A total of 47,715 U.S. properties were scheduled for a future foreclosure auction in February, down 15 percent from the previous month and down 21 percent from a year ago.Bank repossessions (REO) were 30,307 in February, up less than 1 percent from January. Year-over-year, REO properties were down 33 percent.States with the highest foreclosure rates in February were Florida, Maryland, Nevada, New Jersey, and Illinois.Among metros with populations of 200,000 or more, Florida held nine of the top ten metros for foreclosure rates in February. The dubious honor of leader went to the Palm Bay-Melbourne-Titusville metro, where one in every 296 housing units were in foreclosure—nearly four times the national average. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img March 12, 2014 831 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe About Author: Colin Robins Home / Daily Dose / Total Foreclosures Fall; ‘Zombie Foreclosures’ Pose Challenges in Daily Dose, Featured, Foreclosure, Headlines, Market Studies, News  Print This Post Previous: Cold Weather Still Affecting Some Markets Next: DS News Webcast: Thursday 3/13/2014 Colin Robins is the online editor for He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Sign up for DS News Daily Related Articleslast_img read more

Season-opening Australian Grand Prix cancelled over virus fears

first_imgTopics : The employee was among eight Formula One personnel who went into isolation after showing flu-like symptoms typical of the disease this week in Melbourne.The other seven — including four from the Haas team — all returned negative results, organizers said.It sparked a crisis meeting between the race organizers, the FIA, teams and Formula One promoters late Thursday to discuss whether Sunday’s race should go ahead.”Those discussions concluded with a majority view of the teams that the race should not go ahead,” they said in a joint statement just hours before the first official practice session and with fans queuing to get in. The season-opening Australian Grand Prix was cancelled just hours before the action was due to start on Friday over fears about the spread of coronavirus after a McLaren team member tested positive.The decision follows April’s Chinese Grand Prix being postponed and with the second race of the year in Bahrain due to be held without spectators, leaving huge question marks over the rest of the calendar.The race was thrown into doubt on Thursday when McLaren pulled out after one of its team members tested positive for the virus and world champion Lewis Hamilton said he was stunned it was still going ahead. “Formula 1 and the FIA, with the full support of the Australian Grand Prix Corporation have therefore taken the decision that all Formula 1 activity for the Australian Grand Prix [is] cancelled.”It added that while fans would be disappointed, “the safety of all members of the Formula 1 family and the wider community, as well as the fairness of the competition take priority”. ‘A big thing for us’ Hamilton’s Mercedes was one of the teams that requested the cancellation.”We empathize strongly with the worsening situation in Europe, most especially in Italy, and furthermore we do not feel it would be right to participate in an event where fellow competitors such as McLaren are unable to do so through circumstances beyond their control,” it said.European countries that are home to many of the F1 teams and journalists have had a high number of confirmed cases, notably Italy.Hamilton, who is gunning to match Michael Schumacher’s record seven world crowns this season, on Thursday said he was stunned the race was still scheduled as fears mount about the spread of the epidemic.”I am really very, very surprised that we’re here. I don’t think it’s great that we have races but it really is shocking that we’re all sitting in this room,” he said at an official pre-race press conference.”It’s a concern I think for the people here. It’s quite a big circus that’s come here, it’s definitely concerning for me.”Haas driver Romain Grosjean was among the first to welcome the decision to call it off.”No race here in Melbourne. Feels like a big thing for us as we prepared very hard for it BUT actually a very small thing compared to the challenge the world is facing right now,” he tweeted. “Stay safe everyone and try to fight #Covid_19 as much as you can.”Australia has reported 150 cases of coronavirus so far, including among fans who attended the women’s T20 Cricket World Cup final and a Super Rugby match, both in Melbourne last week.Earlier Friday, it was announced that Australia’s one-day cricket series against New Zealand starting in Sydney on Friday would go ahead, but without fans.Formula One teams had already put measures in place to limit interaction between drivers and fans, with autograph sessions replaced by question-and-answer interviews, with selfies banned.Media events were also hit, with large open spaces separating drivers from the press.last_img read more

Zip Zap circus school teaches life skills

first_imgThe Baker Boys, a slapstick comedy act. Instructor Lizo James has been with thecircus for 14 years.A juggling performance in support ofWorld Aids Day. (Images: Zip Zap Circus School)MEDIA CONTACTS • Zip Zap Circus School+27 21 421 8622RELATED ARTICLES• Transforming lives through sport• SA children taught the game of life• School campaign helps change lives• Kids swap suburbs for townshipApril McAlisterWork and fun combine in the visionary concept of the Cape Town-based Zip Zap Circus School.Founded by MD Laurence Estève and artistic director Brent van Rensburg, the Zip Zap school of circus arts uses innovative methods to inspire and empower young people, equipping them with skills they can take with them into any life situation.Originally called Dare to Dream, the current name aptly originated from the mouths of children.Youngsters from all walks of life are encouraged to join the school where they learn invaluable life skills such as teamwork, trust and dedication, with the important element of fun as the foundation of all courses. Around 60 children are enrolled at any one time, and they have to learn to treat each other with tolerance and respect.Through professional training coupled with entertainment and fun, children are given an opportunity to become good citizens, to experience the world and receive recognition from audiences in other countries, thereby building their self-esteem. This allows them to fulfil their potential while they become young leaders and ambassadors for the school and for their country.There is no charge for studying at Zip Zap, thanks to assistance and sponsorship from the National Lottery Board, the Grandwest Cape Culture and Heritage Foundation, the National Arts Council, Cirque du Soleil, and others.Proceeds from the school’s performances, including corporate events, also help to fund its operations but, said Van Rensburg, they are always happy to bring more sponsors on board.A daring combinationCape Town-born Van Rensburg learned his daring aerial skills at a circus school in the suburb of Observatory between 1973 and 1978. For the next 15 years he travelled internationally, appearing under the big top and working as an instructor in France, Norway, Monte Carlo, Italy, the Netherlands, England, Denmark and the US.During December and January 1986 he worked as the late Patrick Swayze’s stunt double on the film Steel Dawn, shot in Swakopmund, Namibia.However, a back injury meant he could no longer perform and he decided to become an acrobatic instructor, completing a two-year course at the Clown College in Florida, US. After graduation he spent the next few years giving circus workshops at Club Med holiday resorts, and it was at one of these that he met his future wife.French-born Estève studied physical education after school and acquired a handful of teaching diplomas in various sports disciplines. In 1988 she completed her Masters in Science and Technology of Economy and Administration of Sports Institutions at the University de Paris IX.She learned her circus skills from Van Rensburg – they later performed as a duo trapeze act known as The Flying Classics in the Circus Gruss in France in 1991.In 1992 they returned to South Africa to pursue their dream of establishing a circus school for the Cape Town youngsters who spent most of their time on the streets.Backed by Van Rensburg’s 30 years of experience and passion for the circus, it wasn’t long before young participants were juggling, flying and tumbling, and two years later they debuted at the annual National Arts Festival in Grahamstown.Positive goalsThe school has a number of stated objectives – these are to “enhance the lives of young people who would otherwise never be exposed to the magic of the performing arts”, while entertaining audiences of all ages and from all cultures. It also aims to equip the children with the skills to live sustainably, and foster the priceless qualities of self-esteem, confidence, self-expression and mutual respect.In doing so Zip Zap works to break down cultural differences and to facilitate coexistence between all South Africans. Also, it aims to nurture talent and, using the language of the circus, develop literacy and communication.Finally, Zip Zap’s children act as ambassadors for Cape Town and South Africa.A circus way of lifeVarious courses are offered, from on-demand training at beginner level to a full-time adult course. Children begin their training at age seven, continuing through to adulthood where they may become independent performers or stay with the Zip Zap Circus School and help out in all areas pertaining to the running of the shows.Initially, young children are taught as and when they wish, with no set schedule for lessons. Here trust, teamwork and confidence using music and dance are introduced.Older children keep to a more rigid lesson schedule, which teaches them the paramount importance of teamwork and discipline in the circus environment. They may choose circus acts and receive specialised training in those areas.A full-time program is offered for adults, which teaches all the skills needed to run a circus. These include financial management; communication; healthy living, sound and video editing; sewing; choreography; rigging; circus instruction and direction; and travel planning.Zip Zap also holds an annual Trainers of Trainers short course, where instructors from Canada’s renowned Cirque du Soleil, and their colleagues from Africa and elsewhere in the world, come together to share circus teaching skills as well as knowledge and methodology.Hope for the future:The Cirque du Soleil has an outreach program, Cirque du Monde, which is active throughout the world. Zip Zap is a Cirque du Monde partner in South Africa.Cirque du Monde sponsors Zip Zap’s annual Trainers of Trainers course as well as their Ibhongolwethu project, which operates in the semi-informal township of Khayelitsha on the outskirts of Cape Town.With the help of Médecins Sans Frontières, Zip Zap staff run a programme twice a week for HIV-positive children on antiretroviral treatment. This provides children who have dealt with hardship and illness most of their lives with a sense of worth, belonging and a positive outlook for the future. The community in turn learns awareness, acceptance and understanding about HIV/Aids.The programme culminates in an annual performance at a local community centre.Local and international performancesThanks to the experience of its founders, Zip Zap’s performances are on par with international standards, and are professionally executed and highly entertaining. The team has been invited for the fourth time in as many years to perform in Paris in October, with a month-long tour of France to follow.South African fans can catch their next show at the Spier Estate in Stellenbosch, Western Cape province, on 30 October 2010.last_img read more

How do wheat tillers contribute to yield?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest In the coming months as the weather warms up, winter wheat will break dormancy and will begin to green up. After a period of about two weeks following green up producers should evaluate their stand in order to make management decisions for their wheat crop. Part of this evaluation includes counting tillers to determine if there is an adequate stand for achieving high yields. According an article in a 2014 C.O.R.N. Newsletter written by Laura Lindsey, Ed Lentz, Pierce Paul, “Yield potential is reduced if tiller numbers fall below 25 per square foot after green up.”So, what is a tiller? And how should they be counted? Tillers are additional stems that develop off of the main shoot of the plant. Primary tillers form in the axils of the first four or more true leaves of the main stem. Secondary tillers may develop from the base of primary tillers if conditions favor tiller development.Tillers, especially those that develop in the fall, are needed to achieve high yielding wheat. The plant pictured above has the potential to develop six to seven heads. A wheat stand of 1.65 to 1.7 million plants per acre with this amount of tillering (six to seven heads), a 100-bushel per acre yield is possible. While fall tiller development is promoted by timely planting and applying fall N, determining if stands are adequate and applying N at green up are also critical components in a management program that produces high wheat yields.last_img read more

Ben Klick, July 24

first_imgShare Facebook Twitter Google + LinkedIn Pinterest We finally got enough dry weather to get the straw wrapped up and we got some manure hauled to make things look and smell better around here. We got an inch of rain over the weekend — seven-tenths earlier today and three-tenths last night.The first two weeks of July we had 7.5 inches and since then we have probably had about 2 inches, so it has been plenty wet. This last inch, though, was nice and slow. It all soaked in.We are getting to the point where our soybeans all need sprayed but it has been so wet we haven’t gotten to do it. If we don’t get in soon we’ll have spots that will be a mess. We have a lot of Japanese beetles. The beans planted May 22 are all flowering and it is a nice stand.The corn all looks good for what it has been through and I think it will be a better crop than last year. We have had plenty of heat units so far and plenty of moisture. Most of it is in R1, some is in VT still and some is in V10. This week we’ll be in 100% full tassel but some of the later stuff is not there yet.Some of the dairy guys were hauling manure making first cutting when we were planting corn and beans and they didn’t plant most of their corn until the first week of June. They have some of the nicest corn around. They missed out on all of the cold, wet weather. That corn took off.We have calves we are starting on feed and we moved them yesterday and our path into the pasture is nothing but a mud hole and where they tramp around the feed bunk and the hay ring is pretty muddy. I’ll take a little wetness in the pasture, though, instead of dry weather and using up all of my hay.We should be halfway through our second cutting hay by now and we are just getting started. Last week we were baling straw when we should have been making hay. We have a good horse market up here and I don’t know if this will make good horse hay. When it finally dries out we don’t hardly know which direction to go.last_img read more

Passive House in China, Part 1

first_img RELATED ARTICLES Passive House in China, Part 2Redefining PassivhausA New Passivhaus Standard for North AmericaAn Inside Look at the New PHIUS StandardNew Passive House Rules Take Effect The implications of building on this scale came into focus again later that evening as I was at the hotel battling the jet lag of an 11-hour time difference following a 14-hour flight, when I heard the breaking news: the UN had just announced that 2016 is the first year on record that CO2 levels in the atmosphere not only hit 400 parts per million, but that those levels have been sustained on average throughout the entire year. Needless to say, this is a threshold with serious consequences that will take a long time to reverse — and as you know, much of that CO2 comes from operating buildings.China is a big country, approximately the geographic size of the U.S., and it has a significant diversity of climates, many of them very similar to those in the U.S. As such, and with well over four times the population of the U.S., the country’s building community shows great interest in PHIUS’ climate-specific passive building standards.A recent study prepared by the Global Building Performance Network (GBPN) in Paris investigated low-load high-performance buildings (i.e. Passive buildings) worldwide as a necessary solution to the climate challenge.For this study the GBPN developed a low-load space conditioning needs map which shows that the low-load systems profile (different combinations of heating, cooling, and dehumidification requirements depending on climate) of the U.S. looks almost identical to China. With such close similarities between the climates of the U.S. and China, the implementation of our methodology for developing climate-specific passive building standards in China is a logical next step. This year I was invited to give the keynote address at Passive House Alliance China’s 3rd China Passive Building Summit in Shanghai, with the explicit request to report on passive building progress in the U.S. and on PHIUS’ climate-specific standards.In light of the immense amount of development currently taking place in China, with whole cities springing up practically overnight and a huge stock of existing buildings in need of energy efficiency upgrades, China’s interest in the passive building work being done in the U.S. is significant.It is expected that by 2030, a large number of buildings will be newly constructed or retrofitted worldwide — equivalent to about 60% of the building stock that currently exists today worldwide. Thus, it is crucial that these buildings, whether they be new construction or retrofits, perform at very high levels, ideally at zero energy or zero carbon performance thresholds, in order to tackle the challenges of global climate change.A large portion of this new construction activity will occur in China and India. The scope of the challenge is very largeAs I arrived in Shanghai a few weeks ago, my first impression on the way into downtown was “Wow, this is a really big place.” In fact, it is the largest “city proper” in the world. Shanghai consists of a conglomeration of countless high-rise residential subdivisions that emerge soon after leaving the airport and continue to expand along the hour-long ride into downtown. Climate-specific standards for ChinaThe 3rd Passive Building Summit was well organized and well attended, bringing in about 500 participants and a host of great presentations during the opening plenary followed by excellent technical sessions. On the day following my keynote, I participated in a technical workshop to assess how to facilitate continued collaboration between PHIUS and the Passive House Alliance China group going forward.We agreed that the applicability of the climate-specific passive building standards adapted from the U.S. to the Chinese context is a no-brainer. However, more work needs to be done, such as developing metrics to incorporate local cost data for the best cost-optimized results.We concluded the workshop with the Chinese passive building group in agreement to pursue further collaboration going forward and that PHIUS’ role in that collaboration would be to help generate Chinese climate-specific passive building standards using the same methodology used for the DOE/NREL report. In this arrangement, our Chinese partners would provide all the necessary information and parameters needed to run the calculations. As a first step on this front, we have already generated the climate data set for Guangzhou for the first project enrolled for PHIUS+ 2015 certification.Please stay tuned for more information on further developments with this promising new partnership as we look forward to tackling the challenges of climate change together.The second installment of this two-part blog series is Passive House in China, Part 2. Katrin Klingenberg is the executive director of the Passive House Institute U.S. This post was first published at the PHIUS website.last_img read more

Hockey legend Dhyan Chand faced apathy

first_imgDhyan Chand served the army for 55 long years, but the institution as well as the governments of the day did not treat him as well as the best ever hockey player of the country deserved.Even when Dhyan Chand was admitted to the general ward of the All India Institute of Medical Sciences (AIIMS) in New Delhi in 1979, a few days before his death, and in a city where the army headquarters and the central government are based, the shabby treatment continued.Dhyan Chand’s son Ashok Kumar, also a former India hockey captain, picks two words to describe the apathy towards his illustrious father – “total neglect”.”My father was a principled man. When some family members would request him to seek government assistance, he would say he did his job of playing hockey well and others in positions too should do their job responsibly,” Ashok Kumar said.”While Dhyan Chand never approached people for assistance, he was totally neglected by the army as well as the Uttar Pradesh and central governments,” he said on Wednesday, the day Olympic silver medallist Subedar Vijay Kumar, who had complained of being ignored for promotion for six years by the army, returned home.Ashok Kumar, an upright person like his father, said when Dhyan Chand was admitted to AIIMS for about 12 days, no one from either the army or the government enquired about his health after the legend complained of stomach ache and also showed signs of dementia.Ashok Kumar said the family wanted to take Dhyan Chand abroad for treatment, but were sceptical of approaching anyone in the army or government for assistance.advertisement”He used to get a paltry amount of Rs 200 as from the army and that too stopped after his death on December 3, 1979. There was no further support from the army or the government. It was because he was a disciplined man and had no strings to pull,” Ashok Kumar, who himself silently watched certain undeserving players in the Indian Airlines get out of turn promotion before retiring, said.While sympathising with Vijay, Ashok Kumar cites his father’s case. “He joined the Army in 1922 during the British Raj. But what did the government do for him in the 32 years he lived in independent India?” he asked.”When my father died, no one from the army came to offer condolences. I rushed from AIIMS to Panchkuian Road crematorium to hire one of those black lorries to take his body to Jhansi, our native place. It was then people woke up and someone said his body would be taken in a helicopter,” Ashok Kumar said.last_img read more

Olympics: Wrestler Yogeshwar loses in pre-quarters, may get chance to fight for bronze

first_imgIndian wrestler Yogeshwar Dutt has lost in the pre-quarterfinals of the 66 kilograms category at the London Olympics. He was outclassed by reignnig world champion Besik Kudukhov of Russia 3-0. Yogeshwar will now keep his fingers crossed for his conquerer to reach the final as it will give him a chance to fight for the bronze medal in the repechage ronuds. Earlier, Yogeshwar had qualified for the men’s 60kg pre-quarterfinals by beating Bulgarian Anatolie Ilarionovitch Guidea in the first round.The Indian made a brilliant comeback after losing the first period to win the bout 3-1. Guidea won the first period 1-0 but Yogeshwar did well in the second period, bagging it 2-0. Yogeshwar then completely dominated the third and the final period to win it 5-2.last_img

Naomi Osaka Beats World No.1 Ashleigh Barty to Win China Open Crown

first_img Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. Beijing: Naomi Osaka won a second tournament on the spin as she fought back from a set down to defeat world number one Ashleigh Barty in the China Open final on Sunday.The Japanese two-time Grand Slam champion emerged victorious after 110 minutes in chilly Beijing, 3-6, 6-3, 6-2. On Saturday, after defeating holder Caroline Wozniacki in the semi-finals, the 21-year-old called her own serve “confusing”.And so it was in the sixth game when Osaka conjured up a double fault, then an ace, then another double fault against Australia’s Barty.Down the line 🔥 @Naomi_Osaka_ @ChinaOpen— WTA (@WTA) October 6, 2019 The world number four, victorious in her home Pan Pacific Open last month, was broken when she planted a forehand into the net.The former number one appeared mildly uncomfortable with her shoulder, touching it and rotating it between points.Barty, 23, who had strapping down her left calf, wrapped up the first set in 34 minutes and frustration was creeping in for the Australian Open champion Osaka.But much of the crowd in Beijing was pro-Osaka and they were cheering when she broke Barty to move 4-2 up on the way to winning the second set.”Basically I was telling myself to keep fighting even though my attitude was really trash. This is a final, I’m really privileged to be here in the first place, so keep fighting.”“I really wanted to win here, I felt like I had something to prove.” @Naomi_Osaka_ reflects on her @ChinaOpen victory!— WTA (@WTA) October 6, 2019 Osaka was in control now and broke Barty — who five years ago took a rest from tennis and played cricket — in the first game of the deciding set on the way to victory.This was a third title of 2019 for Osaka and fifth in her short career. Ashleigh Bartychina openjapanNaomi Osaka First Published: October 6, 2019, 5:25 PM ISTlast_img read more

Dept of Education Staff under Police Caution

first_img Related Items:#deptofeducation, #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, June 23, 2017 – Nassau – The Department of Education categorically refutes circulating media reports about the arrest of three Ministry of Education employees, now reportedly in Police custody, involving the alleged stealing of $245,000.00.To be clear, a staff member of the Ministry’s Performance Appraisal Unit was interviewed under caution by the police yesterday, at the Ministry of Education headquarters on Thompson Blvd, after it was brought to the attention of the Ministry of Education by a local financial institution that a staff member was involved in the production of fake job letters for non-Ministry employees, who sought to qualify for fast loans.The Public is hereby informed that the staff member under question has been given a one-week administrative leave while the investigation continues.#magneticmedianews#deptofeducation Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more