tagged w/ Real Estate
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The Hedz-Up Report covers NYC Comptroller, John C. Liu's Town Hall Meeting on "The Power of the Audit." Members of the newly-formed activist group, Hands Off St. Vincent's!, were in attendance and raised their concerns. In this clip, Comptroller Liu comments on the scope of his office's jurisdiction with regard to a proposed audit of SVH's financial records.
More to come, stay tuned.
In the meantime, please visit our video blog, "Why Are They Closing St. Vincent's Hospital?," for our collected reports and future updates:
http://watclosingstvincentshospital.blogspot.com/
Thanks for watching, help spread the word.
Below is the press release for the Town Hall Meeting:
Office of the New York City Comptroller John C. Liu
PR11-01-008
Contact: Sharon Lee / Scott Sieber, (212) 669-3747
January 23, 2011
COMPTROLLER LIU TAKES AUDIT BUREAU ON FIVE-BOROUGH TOUR
Audit Town Hall gives New Yorkers Opportunity to Suggest an Audit
NEW YORK, NY -- New York City Controller John C. Liu will take his audit bureau on the road for a series of borough town hall meetings to give New Yorkers a chance to learn about the power of the auditing process. New Yorkers will have the opportunity to suggest an audit to the Comptroller's award-winning audit team. The first of five town halls will take place on Monday, January 24 in Manhattan.
WHO:
City Comptroller John C. Liu
Elected officials
Deputy Comptroller for Audit H. Tina Kim and Audit Bureau
WHAT:
Learn about the Who, What, When, Where and Why of audits. Suggest an audit to the Comptroller's office.
1/24 -- MANHATTAN, 6-8 pm
Murry Bergtraum High School
411 Pearl Street
New York, NY 10038
1/26 -- BROOKLYN, 6-8 pm
The Brooklyn Public Library
Dweck Center for Contemporary Culture
10 Grand Army Plaza at Eastern Parkway
Brooklyn, NY 11225
2/7 -- QUEENS, 6-8 pm
Jewish Center of Jackson Heights
37-06 77th Street
Jackson Heights, NY 11372
2/14 -- BRONX, 6-8 pm
Bronx Borough Hall, 1st floor rotunda
851 Grand Concourse
Bronx, NY 10451
2/16 -- STATEN ISLAND, 6-8 pm
Brighton Heights Reformed Church
320 Saint Marks Place
Staten Island, NY 10301
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http://www.comptroller.nyc.gov/press/2011_releases/PR11-01-008.shtmThe Hedz-Up Report covers NYC Comptroller, John C. Liu's Town Hall Meeting on... more
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The Hedz-Up Report covers NYC Comptroller, John C. Liu's Town Hall Meeting on "The Power of the Audit." Members of the newly-formed activist group, Hands Off St. Vincent's!, were in attendance and raised their concerns.The Hedz-Up Report covers NYC Comptroller, John C. Liu's Town Hall Meeting on... more
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We already know some Tea Party members don’t believe renters should vote.
But how do they feel about foreclosure? And, where does the Tea Party stand on the real estate crisis that has almost brought the American financial system to a standstill?
CNBC’s Rick Santelli’s now famous rant is credited with kick-started the Tea Party movement, even though Santelli has denied he is a part of the party and that his comment was anything other than spontaneous combustion (i.e., great TV).
Santelli yelled: “Why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages. Or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water?”
But it turns out that kicking folks out of their homes is a core tenant of the Tea Party movement.
Follow the link for the full story on CBS MoneyWatchWe already know some Tea Party members don’t believe renters should vote.
But... more
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Latest News Updates Today Izabela Lukomska-Pyzalska, a former Playboy model, has taken over Warta Poznan, a polish soccer club. Warta Poznan, a struggling first division soccer club in Poland, received what they hope to be the solution to their problems on the pitch: former Playboy model Izabela Lukomska-Pyzalska.Latest News Updates Today Izabela Lukomska-Pyzalska, a former Playboy model, has taken... more
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Los inicios de nuevas viviendas a 529.000 en diciembre contra los 550.000 estimados y los permisos para construcción fueron de 635.000 y cuando se aguardaban 560.000Los inicios de nuevas viviendas a 529.000 en diciembre contra los 550.000 estimados y... more
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1/8/11 - The Hedz-Up Report covers the first meeting of newly-formed activist group, Hands Off St. Vincent's!, as they conduct their first community civil disobedience training and action planning workshop. In this clip, community members address the news that new "emergency care centers" are opening in lower Manhattan in the wake of SVH's closure.
More to come, stay tuned.
In the meantime, visit our video blog, "Why Are They Closing St. Vincent's Hospital?" for our collected reports and future updates:
watclosingstvincentshospital.blogspot.com/
Thanks for watching, help spread the word.
Related article: http://tribecacitizen.com/2011/01/07/first-impressions-emergency-medical-care/
Below is HOSV!'s press release:
FOR IMMEDIATE RELEASE
Contact: Iana Di Bona, 718 309-8598, iana.dibona@gmail.com
Hands off St. Vincent's! A Community Rallies to Reclaim their Hospital
New York, NY - In April 2010, after 160 years of service to the people of New York City, St. Vincent's closed directly due unconscionable government and private industry failures. As a result, people are dying, emergency rooms at other hospitals are overflowing with the influx of patients, local businesses are hurting from the loss of business St. Vincent's provided and 3,500 people have lost their jobs.
Hands off St. Vincent's is a group of New Yorkers who have made an unwavering commitment to fight through non-violent direct action (including civil disobedience) for a New Village Hospital that provides equal services to what was provided at St. Vincent's Hospital.
"This closing is devastating, like a death", says Angela Jones, a Greenwich Village resident and former St. Vincent's emergency room volunteer. "We're all angry and we want our hospital back!"
The group has promised to take direct action against those who work against the establishment of a New Village Hospital or are inactive in this restoration. The list of targets includes elected officials (or government agencies), developers, purchasers, judges, etc.
"We will not waiver from our goal whatsoever", says activist and fellow Greenwich Village resident Timothy Lunceford, "Anyone who stands in our way can and will be a target. The only acceptable resolution would be the revival of our hospital. Stand in our way and you will feel the might of our rage."
Civil disobedience trainings and action planning sessions will commence on Saturday, January 8 from 2-5 pm at the University Settlement at the Houston Street Center located at 273 Bowery - Classroom 3. (Directions: The Center is at the corner of Bowery and Houston. The staff will direct all "Hands Off St. Vincent's" participants. Take the F train to 2nd Avenue stop or B-D trains to Broadway-Lafayette or 6 train to Bleecker St.). A steady wave of actions will begin shortly thereafter.
For more information and details on how to become involved, visit Hands off St. Vincent's at www.handsoffstvincents.com or the Facebook event at http://www.facebook.com/event.php?eid...
###1/8/11 - The Hedz-Up Report covers the first meeting of newly-formed activist group,... more
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1/8/11 - The Hedz-Up Report covers the first meeting of newly-formed activist group, Hands Off St. Vincent's!, as they conduct their first community civil disobedience training and action planning workshop. In this clip, Alan Bounville, meeting facilitator, discusses the group's goals.
More to come, stay tuned.
In the meantime, visit our video blog, "Why Are They Closing St. Vincent's Hospital?" for our collected reports and future updates:
watclosingstvincentshospital.blogspot.com/
Thanks for watching, help spread the word.
Below is HOSV!'s press release:
FOR IMMEDIATE RELEASE
Contact: Iana Di Bona, 718 309-8598, iana.dibona@gmail.com
Hands off St. Vincent's! A Community Rallies to Reclaim their Hospital
New York, NY - In April 2010, after 160 years of service to the people of New York City, St. Vincent's closed directly due unconscionable government and private industry failures. As a result, people are dying, emergency rooms at other hospitals are overflowing with the influx of patients, local businesses are hurting from the loss of business St. Vincent's provided and 3,500 people have lost their jobs.
Hands off St. Vincent's is a group of New Yorkers who have made an unwavering commitment to fight through non-violent direct action (including civil disobedience) for a New Village Hospital that provides equal services to what was provided at St. Vincent's Hospital.
"This closing is devastating, like a death", says Angela Jones, a Greenwich Village resident and former St. Vincent's emergency room volunteer. "We're all angry and we want our hospital back!"
The group has promised to take direct action against those who work against the establishment of a New Village Hospital or are inactive in this restoration. The list of targets includes elected officials (or government agencies), developers, purchasers, judges, etc.
"We will not waiver from our goal whatsoever", says activist and fellow Greenwich Village resident Timothy Lunceford, "Anyone who stands in our way can and will be a target. The only acceptable resolution would be the revival of our hospital. Stand in our way and you will feel the might of our rage."
Civil disobedience trainings and action planning sessions will commence on Saturday, January 8 from 2-5 pm at the University Settlement at the Houston Street Center located at 273 Bowery - Classroom 3. (Directions: The Center is at the corner of Bowery and Houston. The staff will direct all "Hands Off St. Vincent's" participants. Take the F train to 2nd Avenue stop or B-D trains to Broadway-Lafayette or 6 train to Bleecker St.). A steady wave of actions will begin shortly thereafter.
For more information and details on how to become involved, visit Hands off St. Vincent's at www.handsoffstvincents.com or the Facebook event at http://www.facebook.com/event.php?eid...
###1/8/11 - The Hedz-Up Report covers the first meeting of newly-formed activist group,... more
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The real big story is 1 million forclosures under a fraudulent pretext and banks not providing proper documentation that they even could claim on the home.
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"Total properties receiving foreclosure filings would have easily exceeded 3 million in 2010 had it not been for the fourth-quarter drop in foreclosure activity -- triggered primarily by the continuing controversy surrounding foreclosure documentation and procedures that prompted many major lenders to temporarily halt some foreclosure proceedings," said James J. Saccacio, chief executive officer of RealtyTrac.
"Even so, 2010 foreclosure activity still hit a record high for our report, and many of the foreclosure proceedings that were stopped in late 2010,-which we estimate may be as high as a quarter million, will likely be re-started and add to the numbers in early 2011," Saccacio saidThe real big story is 1 million forclosures under a fraudulent pretext and banks not... more
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How soon will it be before people finally start using the term "depression" to describe what has happened to the U.S. housing market? It has been four and a half years since housing prices began to decline, and they are still falling. In fact, U.S. housing prices have now fallen further during this economic downturn than they did during the Great Depression of the 1930s. Just think about that. We are now in unprecedented territory, and most analysts believe that U.S. house prices will continue to decline in 2011. Mortgage rates have been moving up, mortgage delinquencies are on the rise again, U.S. mortgage lenders have really tightened lending standards and "foreclosuregate" continues to plague the entire mortgage industry. It would be really nice for the overall economy if house prices did go up in 2011, but right now it looks like that simply is not going to happen.How soon will it be before people finally start using the term "depression"... more
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12/6/10 - The Hedz-Up Report covers the joint public meeting between Community Boards 2 & 4. At issue is a proposed needs assessment report that will gauge the necessity for a hospital at the SVH site.
More to come, stay tuned.
In the meantime, visit our video blog, "Why Are They Closing St. Vincent's Hospital?" for our collected reports and future updates:
watclosingstvincentshospital.blogspot.com/
Thanks for watching, help spread the word.
Related article:
Study Assesses West Side Health Needs After Loss of St. Vincent's Hospital
Read more: http:tinyurl.com/39jtw2h12/6/10 - The Hedz-Up Report covers the joint public meeting between Community Boards... more
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eva2
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1 year ago
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One of the most frustrating parts of the financial reform game is how powerless most of us really are, most of the time. Take this story:
Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with the FDIC and the Treasury Department. The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules cracking down on banks that charge illegal fees and carry out improper foreclosures.
The same day the New York Times takes note of how banks are breaking and entering on a regular basis during the foreclosure process, we learn that the Fed is trying to prevent even the meekest regulations on their behavior.
This time, though, there is a way to stand up against the banks. And the reason is because in this case, Sheila Bair at the FDIC actually wants to do the right thing. There’s an open letter from Wall Street reformers to regulators advocating a wide range of new measures on the mortgage and securitization fronts. Congressman Brad Miller, who has been on predatory lending since 2004, penned a letter to the regulators. His effort is getting traction.
And now there’s a petition that you can sign, at StopServicerScams.com. If you missed it before the holidays, sign it now. We will be submitting the signatures today by the end of the day today. We up to 12,000, which is a large number for this sort of initiative, thanks to the efforts of Credo, FireDogLake, Mike Konczal, Chris Whalen, and Josh Rosner (the total on the site does not reflect the signatures obtained through some of these channels). We added a comment field, so your comments will be delivered to Geithner, Bair, Bernanke, and Walsh. Tweet it. Put it on Facebook. Send it to your friends and family.
This is meaningful action that every citizen can take.
If you aren’t trying to be part of the solution, you ARE part of the problem. Take action. www.StopServicerScams.com.One of the most frustrating parts of the financial reform game is how powerless most... more
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It's been over three years since credit markets started shaking with the early tremors of the subprime crisis, and two years since that spread into a marketwide collapse. Prosecutors, regulators, Congress and journalists have spent the year uncovering the financial shenanigans that brought the market to its knees. It's been marked by a few blockbuster settlements and more revealing investigations -- as well as by some noticeable inaction in the reckoning.
Despite revelations coming up and down the financial spectrum, there have been no major criminal charges and almost no civil charges against executives. And while the SEC and some government prosecutors have been active, federal bank regulators have so far been quiet.
This all comes as Congress passed the Dodd-Frank financial reform bill this summer, seeking to overhaul the oversight of everything from mortgage securities to how banks make bets with their own money. As regulators hammer out the rules of the reforms, the devil may lie in the hotly contested details.It's been over three years since credit markets started shaking with the early... more
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Even though banks piously insist that every one of their foreclosure actions is fully justified, evidence in the court system continues to prove that claim to be false. We pointed out this sorry development in October, that of banks entering and changing the locks on homes they had not foreclosed upon. Per a report from the Sarasota Herald Tribune:
The process of banks hiring people to break into homes, even when occupied, is just the latest oddity of the messy foreclosure crisis in Florida.
Some property owners are reporting the break-ins to law enforcement as burglaries. Yet investigators consider the disputes a civil matter because the contractors do not display criminal intent.
That essentially leaves the property owners without recourse…
“It is vastly underreported; it is happening in counties all across the state,” said St. Petersburg foreclosure defense attorney Matt Weidner. “The more this occurs, the more prevalent it’s going to become.”
The lack of willingness of the local police to deem destroying property and unauthorized entry as criminal acts leaves wronged parties with litigation as their only recourse. And some are filing suits.
Note that these suits likely represent only a small fraction of the actual cases of bank miscreance, since few of the victims are likely to have the financial wherewithall and intestinal fortitude to sue a bank. Per the New York Times:
When Mimi Ash arrived at her mountain chalet here for a weekend ski trip, she discovered that someone had broken into the home and changed the locks.
When she finally got into the house, it was empty. All of her possessions were gone: furniture, her son’s ski medals, winter clothes and family photos. Also missing was a wooden box, its top inscribed with the words “Together Forever,” that contained the ashes of her late husband, Robert.
The culprit, Ms. Ash soon learned, was not a burglar but her bank. According to a federal lawsuit filed in October by Ms. Ash, Bank of America had wrongfully foreclosed on her house and thrown out her belongings, without alerting Ms. Ash beforehand….
Identifying the number of homeowners who were locked out illegally is difficult. But banks and their representatives insist that situations like Ms. Ash’s represent just a tiny percentage of foreclosures.
This, as the British would say, is bollocks. The traditional procedures around the transfer of title made the old system virtually fail-safe. Any number above zero is unacceptably high. And “a tiny percentage” across the huge numbers of foreclosures happening across the US adds up to meaningful numbers in real terms.
The examples in the NY Times story are all from middle to upper income homeowners. For someone of lesser means, the consequences of wrongful action can be devastating. If possessions are removed, or worse, put out on the street, the losses can be significant.
This is the banks’ excuse:
A clause in most mortgages allows banks that service the loan to enter a home and secure it if it is in default, meaning if the mortgage payment is 45 to 60 days late, and if the house has been abandoned, authorities said.
First, some of the homes broken into have been current on payments. Second, “abandoned” seems to be interpreted as “no one at home when the contractor showed up” which would be true during the business day for most working families.
This pattern again proves what we know all two well, namely, that we have a two-tier system of law in the US: one for the banks, one for the rest of us.
http://figrd.blogspot.com for more infoEven though banks piously insist that every one of their foreclosure actions is fully... more
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Renting your home can be tough, but knowing your rights and what the market in your area is like is integral to finding a place you can settle down in as if it’s your own. Whether you’re renting directly from an owner or from a large company that runs apartments or properties in your area, these blog posts, blogs and websites will lend you a helping hand in handling discrepancies, dissecting a lease agreement and what you can and can’t do to spruce your space up.
link: http://www.constructionmanagementdegree.com/top-50-blog-posts-blogs-and-websites-for-home-renters/Renting your home can be tough, but knowing your rights and what the market in your... more
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eva2
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1 year ago
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Ireland economy’s phenomenal growth during 1993 to 2007 (also known as “Celtic Tiger”) was largely based on the success of the economic model driven by factors such as banks providing cheap credit, low cost base, educated work force etc. With Ireland’s entry to European Union (EU), many foreign companies established their businesses in the country. In a bid to promote foreign inflows, Irish Government introduced favourable tax structure for international transfer pricing, liberal taxation policy etc. Irish wages grew 5 times faster as compared to that of European Union from 1997 to 2007. New banking model introduced by the government by the name “originate to distribute” (a process that allows banks to increase their lending base without violating the government norms. The banks in this model make loans and do not hold them, but lend them to other financial institutions as securitised asset package.) increased the liquidity of banks to a record level. By the introduction of subsidies and investment capital, Ireland was able to attract companies like Microsoft, Dell, and Intel to the Irish market. Approximately 14000 jobs were created in Finance, law and accounting fields in 1990s. Export-driven industries, such as software, medical devices, biotechnology and real estate were the key drivers of the Ireland economy before the crisis. Industrial peace, trouble-less relationship with the nations etc, all was resulting in a new positive attitude and economic growth in the country.
The dream run ended n 2008, when country faced economic meltdown due to the various factors such as overspending by Government, loose taxation policy, high dependency on real estate and construction industry, and blanket guarantee provided by all banks. The country’s GDP growth rate started falling drastically since 2008. Ireland’s GDP growth was 6% in 2007 to 1.6% in 2008, -3% in 2009 and -8% in 2010 so far. Easy regulations framework of the government had led to high lending to the real estate and construction sector. The demand for real estate was on the peak in 2006, when the economy shifted away from manufacturing to services and real estate. After the global recession of 2008-09, domestic demand fell by 16 percent, investment collapsed by over 40 percent, and housing prices plunged 30 percent. Investors started backing out from the real estate and construction projects as they started seeing Ireland as a country with huge lending risk. Due to this, developers and other related firms in real estate industry began to fall behind on their loan repayments and started losing money which led to record bank losses. The fall in the tax rich activities such as demand for housing and real estate caused major drop in tax revenue.
To Read more click here on link
http://www.blog.365businessdays.com/post/2010/12/06/Irish-Economic-Crisis.aspxIreland economy’s phenomenal growth during 1993 to 2007 (also known as... more
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Whether a first time home buyer or investor with decades of experience, everyone likes to look before they leap. But with realtors interested in dealing exclusively with those actively buying or selling, it can be hard to pin one down. No problem if you have an internet connection and a few minutes.Whether a first time home buyer or investor with decades of experience, everyone likes... more
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eva2
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added this
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1 year ago
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Existing home sales in the U.S. are down again. New home sales in the U.S. are down again. What else is new? The U.S. housing industry just cannot seem to bounce back.Existing home sales in the U.S. are down again. New home sales in the U.S. are down... more
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Economy of India is emerging with a bang after a long hiatus. Providentially, more than 10% of India GDP and close to 8% of employment, retailing, and property has enabled India to reach a comfortable position among the other progressive nations of the world. Being a potential opportunity to optimize the benefits of the economic growth in India, the real estate has been witnessing a tremendous boom. Since the year 2005, FDI (Foreign Direct Investment) in real estate sector in India has earned a promising amount of US$ 8 billion approximately. Termed as the"money making industry", realty sector promises annual profits of 30% to 100% through real estate investments, especially in Delhi-NCR. http://www.indiareport.com/India-usa-uk-news/latest-news/931818/FeaturedArticles/14/54/14Economy of India is emerging with a bang after a long hiatus. Providentially, more... more
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