Foreclosure Options For Desperate Home Owners}

Submitted by: Gwen Eckley

Foreclosures are a major problem facing many people; especially home owners with equity. With the tight global economic situation, we have outlined several viable options along with some of its brief characteristics.

The first option listed here is known as Reverse Mortgage. For homeowners with equity in their homes; especially those aged 62 years and above. Reverse Mortgages need not be repaid unless owner of the home moves, sells the home, or in the event of death. There are basically 3 different kinds of Reverse Mortgage home loans to consider from:

–Single Purpose Reverse Mortgage

Generally a low cost loan is not readily available in every city. It is also normally used for specific purposes such as repairs and home improvements and in some cases, shortage of property taxes. This form of loan is usually available from government agencies and in some cases, non-profit organizations.

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–Proprietary Reverse Mortgage

Owned or backed by private companies, this is the most expensive of the 3 loans available. Without the backing of any government and non-profit organizations, these forms of loans are generally offered with the purpose of making money. The characteristics of this loan is similar to that of the Federal Insured reverse mortgage.

–Federal Insured Reverse Mortgage

Backed by the US Department of Housing and Urban development (HUD), it appeals to the low income group as there is no need for medical and income requirements. Also known as home equity conversion mortgage or HECM, it may lead to a high cost (more than single purpose loans) if home owners do not stay for long periods. Can be used for any purpose and easily available in most US cities.

Another viable option is the balloon payment loan. This type of loan usually means the monthly payments are low and if paid within a few years, one can refinance their home to avoid balloon payments. However, it is this very method that has caused as much as 46% of homeowners to end up in foreclosures. It is a tempting but risky option.

The balloon payment loan relies on property values to rise above the initial loan as well as interest rates to be at a place where refinancing is a viable option. Herein lies the problem. What happens if by the time the balloon payment is due, your home value is less than required to refinance? Suddenly your stuck with a huge payment due and no way to cover this payment from a refinance.

The other difficulty can come with an increase in interest rates. Refinancing your home at a higher interest rate can create problems by increasing your monthly payment beyond your ability to keep up with the payments. Before considering this type of loan, make sure you speak to someone who has your best interests as the first priority, not the banks.

There are several other options available such as credit line, taking a second loan and enduring a prepayment penalty. Each and every of these methods comes with its pros and cons. There are always two sides to a coin and the best is to be armed with the knowledge and weigh the options carefully before arriving at a solution to combat foreclosures.

It is wise to learn as much as you can before discussing your financial options with your bank. When you have knowledge of your options, it is easier to ask the right questions.

About the Author: Gwen Eckley is working to help people understand their options when under financial stress. Her research includes options for home owners facing foreclosure and other financial difficulties. Visit

Reverse Mortgage Pros Cons

for more financial options.


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China loans Ethiopia US$349 million for construction of expressway

China loans Ethiopia US$349 million for construction of expressway

Tuesday, November 10, 2009

China has loaned Ethiopia US$349 million worth of funds for the construction of the the country’s first modern expressway, making Ethiopia among the first beneficiaries of the recently implemented China-Africa development funding plan.

The road is to be close to 80 kilometres long, and will connect Nazaret (also called Adama), the country’s second-largest city, with the capital, Addis Ababa.

Funds from the Export-Import Bank of China are to be used to give the loans, according to the agreement. The deal was signed by Li Ruogu, the president of China’s Export-Import Bank, and Ahmed Shide, the Ethiopian state minister of finance and economic development.

According to the Ethiopian News Agency, the motorway is to be completed by 2014. The country has also agreed to other financial deals with China, mainly in the telecommunications and energy sectors.

US automakers GM and Chrysler seek more government aid

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.

Should the car companies be bailed out again?
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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.

Inkjet Shopping}

Inkjet Shopping


William hoffman

Buying inkjet printer cartridges should really be a straightforward task, but due to the growing proliferation of ink suppliers springing up on the high street and the internet, all claiming to offer the cheapest and best cartridges, it can easily become a confusing business. Here are a few tips on shopping for ink cartridges that should help to guarantee you find a reliable vendor:

If youre looking for a one stop shop where you can buy all your printer and ink supplies in bulk ( this is a good way of ensuring a low price, especially if you own a business and can negotiate trade prices) the first thing to bear in mind is that, when it comes to ink cartridges, cheapest and best don’t always go together.

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If you want to get great value and good quality product, you need to find a supplier that can guarantee several things when it comes to both price and standard. For example, they should always use high quality inks and materials for their compatible cartridges, and they should also put all of their products through rigorous quality control by testing them thoroughly.

The best ink cartridge suppliers also offer a consistently high level of customer service; if youre buying online make sure that purchasing methods are flexible, theres a decent returns policy in place and you can track down a good set of FAQs to answer your pre-purchase questions.

The price of compatible inkjet printer cartridges can vary significantly so the site that you eventually choose should offer what you feel to be a winning combination of value and service. Free, fast delivery, wholesale prices on bulk orders and special offers for educational establishments and businesses are all useful bonuses that a well established, reliable online vendor should be offering.

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Category:July 30, 2010

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Car bomb in Ciudad Juárez, Mexico kills several, many injured

Car bomb in Ciudad Juárez, Mexico kills several, many injured
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Apr 20, 2017

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Saturday, July 17, 2010

A car bomb that exploded at about 20:00 MDT Thursday (01:00 Friday UTC) in a violent area of Ciudad Juarez, Mexico killed several people and injured more.

Police spokesman Jacinto Seguro said Friday that Mexican federal police received a call that an officer was dead. Seguro went on to say, “When they went to check the car, there was a dead body in there, dressed up like a police officer, but it wasn’t one of ours. They put him in a civilian car but dressed him up in a municipal police uniform. That’s when the bomb went off. It’s like an act of terrorism.”

Federal police spokesman Ramon Salinas said the blast killed two officers, a paramedic, and one civilian, although Mayor Jose Reyes said that only three died. At least six others were injured, although reports have said the total injured may be as high as sixteen. Four remain in the hospital, including three paramedics and one civilian.

Mexican authorities say it was a car bomb, but counter-terrorism experts are still unsure as to what caused the vehicle to explode. Intelligence expert Fred Burton said, “For this to be an improvised grenade attack, in some capacity, it doesn’t surprise me.”

The Juarez cartel, one of the two drug-traffickers in the area, claimed responsibility for the bombing in a graffiti message. “We have more car bombs,” the graffiti said.

Ciudad Juárez has a history for trafficking drugs to the United States, especially into Texas.

Before the explosion, the police arrested a suspected leader of the Juarez cartel, Jesus Armando Acosta Guerrero.

This year more than 7,000 people have died as a result of drug-related violence in Mexico since this year began. Attorney General Arturo Chavez on Friday said nearly 25,000 people have died in the last three and a half year period.

US President Barack Obama test drives Chevy Volt in Michigan

US President Barack Obama test drives Chevy Volt in Michigan
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Apr 19, 2017

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Saturday, July 31, 2010

United States President Barack Obama test drove a Chevrolet Volt Friday during a visit to a General Motors plant in Michigan. The visit was part of a larger trip to the Detroit area to discuss the progress of Obama’s bailout of the auto industry earlier in his administration.

As the president toured the factory, managers invited him to test drive the Volt, which will soon be manufactured there. After consulting reluctant top aides and Secret Service personnel, Obama accepted. “I hope it has an air bag,” said press secretary Robert Gibbs. Obama hopped into the car with assembly manager Teri Quigley, buckled his seat belt, and crept forward about ten feet (three meters). As he got out he remarked that the ride was “pretty smooth”.

Obama visited the Detroit area to defend his controversial decision to invest US$50 billion in the failing auto industry last year. “It’s estimated we would have lost another million jobs had we not stepped in,” said Obama. Instead, job growth totaled 50,000 workers this year, the largest since 1999. Obama warns, though, that recovery is not yet complete.

This was the second time Obama drove a car since early 2007, when as a presidential candidate he requested Secret Service protection. The first was a Dodge Charger, which he drove a few months ago at a Secret Service training facility.

Top 5 Ideas To Select Top Quality Italian Linens And Italian Linen Products}

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Apr 18, 2017

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Top 5 Ideas to Select Top Quality Italian Linens and Italian Linen Products



To search for the most authentic Italian linens and Italian linen items at justifiable charges with no fear of getting tricked can certainly be a real challenge for anyone. Just to locate a place with out travelling to Italy that sells real fine quality Italian linen can be tough. Or simply, it is possible to develop to be one of the many innumerable informed on line individuals who exactly realize how to take full advantage of all the info available on the market to get you towards the most reliable boutiques. So whats one way to reach your objective?

Described here are your five suggestions to allow you to succeed at finding the best quality Italian Linens and Italian Linen Items for the best price ranges:

1. Try to find highest grade cotton and linen put to use for your favorite kitchen, bath, bed and dining linen. It is all about the fibers – if they are short, stubby, and brittle fibers – manufacturers are able to weave them into threads, but when that thread gets into the washer and then clothing dryer it is going fall apart. Note how the lint balls inside the washer plus the layers of lint in your dryer filter that could be all coming off from anything you wash. Not even the term Egyptian cotton guarantees you optimum quality. It is a variety of cotton. There is undoubtedly good and poor Cotton. It is dependant on the unique plant and the cultivating conditions. The best cotton happens to be a rather long sturdy and also fluffy fiber. This is essential as the fibers will determine often the toughness, feel, plus look of the fabric that will be very durable, wash after wash. Yes, we are speaking years and decades compared with cheap imitation imports which shed their new shine with a handful of washes. If you buy the fine quality Italian linens you’ll save money by simply not needing to buying the alternate low priced imports frequently.

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2. Find out exactly what type of dye has been utilized, just how deep and clear it and fast it truly is and in what way it is set. The highest quality linens use fast vegetable dyes that are generally permanent and never fade even with many washes. A number of these colors can easily hold up against bleach as well if they are set perfectly using high temperature steam. Since beauty of the patterns is so reliant on neat and crisp printing, you cannot find any alternative to the optimum Italian linen materials.

3. It’s adviseable to know about the printing process on your choice of Italian linen. Is it machine-printed or simply hand-stamped with hand-carved-woodblocks? What sort of wood does the producer use is important too to find out (Pear wood is best!). As an example hand wood block printing with fast vegetable dyes is considered the most desirable and most stable printing technique. The fact is that by putting the dye with a woodblock and next pounding that woodblock on the top of fabric the maker has the capacity to force the dye deep into the fabric which can actually make it appear just as if it were embroidered. The skill of the maker will also be vital since obtaining an even color on the woodblock followed by getting the whole set of stamps to have the same depth of color devoid of smears and smudges can take several years of experience to achieve the kind of mastery anticipated from the finest Italian linen makers. Accordingly, it is very important fully grasp they may be making their linens just as much as what materials there’re applying to be able to determine the quality of the item.

4. Look for and be familiar with famous brands of time-honored Italian linen just like the famous Bertozzi linens from a the Romagna region in Italy or the certainly more widely recognized Tuscan linens (Busatti is possibly most well-known and then also one can find less well known creators just like for example Giulianna Ricami who continue to offer you impressive decorative elements together with fine quality). Certainly, preferences differs from customer to customer plus makers possess their particular styling, design, not to mention colors. Thankfully, the better long-established designers do goods that have stood the test of time and have helped make Italy possibly the outstanding creator of material across the globe ( the French go with a lots of Italian materials in their work!). Be aware of in this enterprise big is actually possibly not superior! Source, quality, workmanship as well as the traditions can lead to the optimum quality Italian linens – not really mass manufacture, fancy

ads and inventive branding!

5. Apparently, very high quality Italian linens don’t seem easily obtainable in each and every city market. The good news is, you’re able to use the net to get the best Italian Linen Leading retailers on the net. Use all the previous 4 suggestions for locate the web based store that fits all these criteria. If they are carrying authentic Italian linens from those reliable lines for instance woodblock linens by Bertozzi plus time-honored Tuscan linens by Giuliana Ricami. It is also far better to choose primary importers simply because they take away the intermediary leading to a far better cost quality ratio. Ultimately, a direct importer, selling on the internet, also has significantly less operational expenditures when compared with typical shopping malls or nearby boutiques. Which means that, they are able to pass around the savings to shoppers. Item to item they should be less costly than the usual big store in a elaborate shopping mall or even a boutique. Plus if they’re outside the state you typically are not charged sales tax which may pay for your price associated with shipping and delivery. Additionally, shopping on the web has fast become much more secure and safe with the buyer ratings together with suggestions regarding retailers easily available.

This particular article should have presented you the insight to buy genuine most suitable Italian Linen at the best prices. You may therefore today choose and buy amazing high quality

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Top 5 Ideas to Select Top Quality Italian Linens and Italian Linen Products }

British MP calls for ban on Aspartame

British MP calls for ban on Aspartame
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Apr 18, 2017

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Monday, January 2, 2006

Roger Williams, a UK Member of Parliament, has called for emergency action to ban the artificial sweetener Aspartame (aspartamine), questioning its safety. The MP said that there was “compelling and reliable evidence for this carcinogenic substance to be banned from the UK food and drinks market altogether.”

Reservations of some U.S. Food and Drug Administration scientists about the safety of Aspartame were overridden when the agency initially approved the food additive in 1981, but many other countries followed the U.S. lead in endorsing the chemical sweetener for general public use. Aspartame has been linked in various studies cited by Mr. Williams to brain tumors, anxiety attacks, neurological impairment and other side effects, particularly in experimental animals; however, several reviews by government agencies have found no credible proof of such risk to humans and no country has banned or limited the substance for human consumption and such non-governmental groups as the American Cancer Society and the American Heart Association assert that extensive investigation has not shown any serious adverse effects attributable to Aspartame. Nonetheless, organized groups continue to debate the issue vigorously and there are calls for class action law suits. The initiative by MP Roger Williams may now bring the debate into the open political arena of the House of Commons.

New research on combining Aspartame with other common food additives suggests that while each substance alone may be safe enough, some combinations frequently found in commercial products interfere with the development and function of the nervous system in rats. (Lau, et al.) Few, if any, other experiments with combinations have been conducted. On the other hand, surveys of human populations, which consume Aspartame in various combinations with artificial colorings and flavorings, have failed to convincingly show significant harm.

Aspartame is sold under the brand names of Equal, Nutrasweet and Canderel and is an ingredient of thousands of “diet” or “lite” products.

CoolBrands: New Zealand coolest place in the world

CoolBrands: New Zealand coolest place in the world
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Apr 18, 2017

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Tuesday, September 26, 2006

New Zealand has been voted the coolest place in the world by United Kingdom brand: CoolBrands.

Coolbrands is owned by a consultancy firm in the UK, called Superbrands. It started in 2001, CoolBrands is a way of telling how ‘cool’ a brand is. Superbrands defines “brands that have become extremely desirable among many style leaders and influencers. They have a magic about them, signifying that users have an exceptional sense of taste and style.”

George Hickton, chief executive of Tourism New Zealand, said: “This win is a vindication of the recent work we’ve put in to the UK market, with the Chelsea Flower Show and our 100% Pure New Zealand advertising campaign ensuring New Zealand stays top of mind with potential travellers.”

“It’s very gratifying to see we are such a desirable destination, especially as this poll includes opinion leaders who can have an real influence on people’s travel choices.” says Mr Hickton. “this is the second award New Zealand has received in the UK this September, with Conde Nast Traveller magazine also voting New Zealand best destination this month.”

Editor of Condé Nast Traveler Magazine, Sarah Miller, called New Zealand a “point of authenticity.” And professional nation brander, Wally Olin, said “New Zealand has been very, very clever. It has turned its disadvantages into advantages.”

“Reaping the benefits of its recent marketing campaign, New Zealand is apparently the hottest place to be,” said the London News.

650 brands were chosen by researchers which were then put before 23 judges and were made available for the public, of which 1,725 people participated in an online survey. Five percent of the original 650 made it to the finals, including Morocco, Maldive and Australia.

New Zealand receives most of its tourists from Australia, closely followed by the UK.

The top ten destinations included:

  1. New Zealand
  2. Morocco
  3. Fiji
  4. Prague
  5. Australia
  6. Maldives
  7. Amsterdam
  8. Brighton
  9. Bahamas
  10. Bermuda