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2 months ago

The Link that Ties the Entire Short Sale Together

The BPO Explained

You've certainly heard the term "BPO" if you've been researching short sales. You may be wondering what those 3 little letters stand for, but have been too afriad to ask or didn't want to look stupid. It's o.k. You don't have to worry any more. This fantastic HUB will fully explain the BPO and how it plays a role in the short sale process.

BPO stands for Broker's Price Opinion. It's a process similar to that of an appraisal where a licensed Realtor gives their opinion of value on the property. The assigned Realtor vsits the property, takes photos and then researches comparable sales in the area to determine the market value of the subject property.

There are different types of BPO's. The most common are interior BPO's and drive by BPO's. There is greter detail in the interior BPO, as the agent is required to go inside the property to identify any repairs, or disfunctional charachterisitcs of the property. Then, they list this information on the bank's BPO form, along with 3 comparable properties that are on the market , and 3 comparable properties that have sold within the last 6 - 12 months. FInally, the Realtor gives their recommendation of what the property would sell for in a 30 day "quick" sale.

The Role that The BPO plays in the short sale

There are several important elements of the short sale and how the bank determines what they will accept as a final purchase price.

3 months ago

El Dorado Furniture Now in Fort Myers

MIAMI--(BUSINESS WIRE)--El Dorado Furniture, a leading provider of high-quality furnishings,

announces the grand opening of its latest showroom in Fort Myers, FL.

On Saturday, November 15th, El Dorado Furniture will open its doors to

the public at 10 a.m. Live entertainment and hors d'oeuvres will greet

guests, along with $150 furniture cards for the first 150 families. El

Dorado Furniture will extend the same courtesy on Sunday, November 16th,

by presenting one leather ottoman to the first 150 families. The store

will open at 11 a.m. on furniture,furniture near me Sunday. As part of the grand opening in Fort

Myers, El Dorado Furniture will be making a donation to the local

non-profit organization, Children's Advocacy Center of Southwest Florida.

The new 65,000-square-foot store, located at 4429 Cleveland Avenue, will

showcase the furniture retailer's acclaimed boulevard concept, a winding

street adorned with street lights, beautifully painted murals, and park

benches. This conceptual path presents guests with unique furniture

collections, ranging from interior to exterior furnishings. El Dorado

Furniture's newest modern collection, LIV, will be unveiled in Fort


El Dorado Furniture has provided 38 showroom positions, including

customer service, decorators, and sales associates. Employment and

career opportunities remain available at the Fort Myers location. For

further information, please visit

About El Dorado Furniture

In 1966, Manuel Cap

3 months ago

Greg Summers, Chiropractor, Has License Suspended Over 'Intravaginal Massage' Allegations

A Washington State chiropractor is accused of sexually violating three female patients.

Greg Summers, founder of Summers Chiropractic and Massage in Federal Way, Wash. had his medical license suspended this week after being charged with sexual contact with three female patients and with changing the medical records of a patient, according to

Summers allegedly told two of his patients that "intravaginal massage," would benefit them because of the "invasion of their personal body space" that occurred when the chiropractor inserted his fingers in their genitals.

The Federal Way Mirror reports view publisher site that Summers told one of the women that the "massages" would prevent scar tissue from forming and would alleviate pain, according to a statement of charges.

One of the victims was also an employee at the clinic. She said she was required to provide massages to Summers in training sessions, according to legal documents obtained by the Mirror. During those sessions, Summers allegedly talked about his marital issues and how he would "offer his body" as a teaching tool on "how to get a man hard," according to the documents.

Summers' attorney, Robert Zielke issued a statement in defense of his client to the News Tribune.

"Anyone can file a complaint against a doctor even when the complaint is not accurate or actionable," Zielke said in the statement.

Summers has 20 days to respond to the charges and ask for a hearing, which, Zielke said, his client would do.

3 months ago

Tipping Slot Attendants In Las Vegas

The debate on whether you should tip your slot attendant or not rages on. Many people feel if they hit a jackpot, regardless of the size, they should tip the slot attendant because he or she was the one that paid out the jackpot.

Others suggest that tipping the slot attendant is a waste of money and will never do it. These people feel that the only thing the slot attendant did is put a ticket in the machine and count out your cash.

The debate has raged on for years. Here are both sides to the story.

Yes, You Should Always Tip the Slot Attendants

Slot Attendants generally work for minimum wage. A lot of their income is based on tips. It is very hard to survive in

3 months ago

Home Improvement :: New Canadian Home Renovation Tax Credit

The Canadian government revealed on January 27th, 2009 a temporary Home Renovation Tax Credit. This renovation credit will apply to work done on houses, cottages and condominiums owned for personal use, and projects can range from finishing a basement to remodeling a kitchen, to painting, to laying new sod. This home renovation tax credit works as follows: Homeowners can get a 15% tax credit of up to $1,350 for renovations that exceed $1,000 up to a maximum of $10,000 worth of work or materials. The renovations must take place and be completed between January 27, 2009 and January 31, 2010 to be eligible for this credit.

Under this $3-billion program, you may choose to hire a contractor or to do the work yourself. However, contractors must be registered for the GST so you cannot hire friends or family members. The Canadian government estimates that over 4 million families will take advantage and benefit from this tax credit.

The Home Renovation Tax Credit was created to encourage Canadians to spend now to help create jobs in industries typically hurt by an economic downturn.

"These measures to support home construction and renovation will help stimulate our construction and building-supplies industries," Federal Finance Minister Jim Flaherty said in his speech.

The tax credit will apply to a variety of home improvements, such as renovating a kitchen, bathroom or basement, new carpet or hardwood floors, building an addition, deck, or fence, installing a new furnace, painting the inside or outside of a house, or laying new sod. Expenses such as building permits, professional services, and equipment rentals are also eligible.

The cost of purchasing furniture, appliances, electronics, or construction equipment do not apply. Routine repairs and maintenance will also not be eligible for the credit.

Remember that the Home Renovation Tax Credit can be used in conjunction with other government renovation programs. For example, if you plan on making your home more energy-efficient, you may qualify for grants of up to $5,000 under the ecoENERGY Retrofit Program. In addition to this $5,000 grant, you will still be able to claim these renovations under the Home Renovation Tax Credit. The same is true for eligible expenditures that are claimed under the Medical Expense Tax Credit.

Here are some tips if you plan on hiring a contractor to do the renovations for you. Please make sure that your contractor is licensed and ask them to show you their license. Ask for references. A good contractor will be happy to provide you with a list of references as well as pictures showing the type of work they have done in the past. Get more than one quote and get them in writing. The quotes should home improvement ideas outline exactly what will be done and how long it will take. Just remember that the lowest quote may not be the best. This contractor may be cutting corners. Ask to see the contractor's certificate of insurance. A standard insurance home improvement catalog would cover worker compensation and third-party liability for everyone on the job as well as damage they may cause. If the contractor does not have insurance, you may be held liable if case of an accident.

Happy 2009 renovations!

3 months ago

Survey Says Sharpen Your DIY Skills to Save on Home Improvement

LAS VEGAS--(BUSINESS WIRE)--A survey by the Home Projects Council (HPC) suggests that homeowners

interested in house renovation kerala reducing the cost of home improvement projects replace

their do-it-for-me (DIFM) habits with improved do-it-yourself (DIY)

skills. The online survey of 514 found that DIY homeowners (45% of

respondents) spent less financially doing their last home improvement

project than DIFM homeowners (55% of respondents) spent hiring a

professional to do their last project. The survey also indicated that a

homeowner's home improvement skill level wa

4 months ago

Where you can still find a great home at a great price

For many years now, U.S. housing prices have continued their

upward march. In some markets, they're rising so swiftly that desperate buyers

are resorting to unorthodox tactics, such as dangling rich offers in front of

homeowners before they're officially ready to sell.

Yet in plenty of plenty of places in the U.S., buyers can still

land a four-bedroom, two-bathroom home for less than $250,000, according to a

newly released study by Coldwell Banker.

The firm's annual Home Listing Report ranks

U.S. markets by home prices, based on the average listing price for a four-bedroom,

two-bath home, which