Gunning Daily News

Word of the Day

September 19, 2013 4:03 pm

Loan servicing. Task of collecting monthly payments, handling insurance and tax impounds, delinquencies, early payoffs, and mortgage releases.

 


Q: Will I be able to buy again after losing a home to foreclosure?

September 19, 2013 4:03 pm

A: It can happen.  But a lot will depend on your circumstances and the mortgage interest rate you are willing to pay.  Generally, most lenders will consider your request for a home loan two to four years after your foreclosure.  Predatory lenders will issue a home mortgage in less time.  But beware – they routinely charge high mortgage interest rates, fees, and penalties for this privilege.

A quality lender will expect you to show that you have cleaned up your credit.  Providing a reasonable explanation about the circumstances that led to the foreclosure – such as exuberant medical expenses – is also helpful.

 


Create Your Dream Green Kitchen

September 14, 2013 1:12 am

Family Features--Today’s newly remodeled kitchens boast more than just rich hues and shiny appliances – they have an eco-conscious ambiance that marries great style with respect for the environment.

Dreaming of a fresh, modern kitchen that is also eco-friendly and strikingly beautiful? Achieving this transformation is more attainable than you may think. Environmental lifestyle expert, Danny Seo, provides these helpful tips on how to add earth-friendly updates to your kitchen:

Refrigerator

When searching for a new refrigerator, be sure to look for more than just the Energy Star label to ensure maximum energy efficiency. It is also important the new appliance fits your needs and the size of your kitchen. A larger refrigerator uses more energy. If the one you select is too big for your needs, you will be wasting energy and money.

Blocked wood countertops

With their rugged durability and timeless style, butcher block countertops are making a huge comeback. Though typically made from cherry, walnut and oak, greener options, such as high pressure laminate designs made by Wilsonart, can contribute to US Green Building Council LEED accreditation as an eco-friendly material to use in your home. For more information on their new Blocked Wood designs – Old Mill Oak and Truss Maple –visit www.wilsonart.com.

Flooring

For a more sustainable approach to kitchen flooring, there are several options available. If you love the hard, classic appeal of wood, look for reclaimed, recycled or sustainably sourced materials. Bamboo is also a beloved choice among eco-conscious remodelers for its biodegradable nature and high renewability.

“Going green at home can be overwhelming, so I always advise people to not sweat the small stuff and focus on the one room of the house where it matters the most: the kitchen,” says Seo. “Being kind to the planet in the kitchen can also be kind on your wallet over time, so it's worth it to invest in sustainable upgrades.”

Backsplash

Recycled materials are the star of the show when looking to add green touches to your backsplash. There are three main types of recycled materials: ceramic, metal and glass. Old bottles and windows make up the materials in glass tile; old plates and clay vases are recycled to become ceramic tile; and those old soda cans become aluminum metal tile. All of these materials come in a variety of shades and styles to fit the look of your dream kitchen.

Dishwasher

According to the Environmental Protection Agency, using an Energy Star labeled dishwasher is the most efficient use of energy and water, even more so than hand washing. When looking to update your dishwasher, pay close attention to the EnergyGuide labels, which include the annual estimated costs to run them. This valuable information can help you compare models to find the best fit for your family’s needs.

A dream kitchen that is both eco-friendly and chic is easier to attain than you think. With a few changes not only will you be smiling, but so too will Mother Earth.

 


Word of the Day

September 14, 2013 1:12 am

Due-on-sale. Clause in a note or mortgage giving the lender the right to call the entire loan balance due if the property is sold or otherwise conveyed.


Q: Are seller-paid points deductible?

September 14, 2013 1:12 am

A: For the buyer, yes, but not the seller – even though the seller pays them.  Since January 1, 1991, homebuyers have been able to deduct points paid by the seller whereas, previously, they could only deduct the actual points they paid on the home loans themselves.

 


5 Common Ways to Lose a Personal Injury Lawsuit

September 14, 2013 12:09 am

There are a variety of ways to shoot yourself in the foot (literally and figuratively) and lose a personal injury lawsuit.

From contributing to the accident to failing to take important legal steps, there are certain factors that can destroy your personal injury claim in court.

Here are five common ways to lose a personal injury lawsuit:

  1. No experts. Parties must often rely on expert witness testimony to prove negligence. For example, a father in New Jersey who sued a mall after his daughter was injured by an escalator ended up losing the case, partly because of his failure to provide an expert opinion to explain the exact cause of the accident, according to The Star-Ledger.
  2. Assumption of risk/contributory negligence. If you were negligent and contributed to your own injuries, or you assumed the risk of an obviously dangerous activity (and went ahead and engaged in the activity anyway), then your lawsuit may not be a winner.
  3. No proof. Winning a personal injury lawsuit becomes exponentially more challenging when there is a dearth of evidence to make your case. After suffering an injury, it's crucial to gather proof: Take pictures, write down descriptions, file a police report, seek medical treatment, and get witnesses' contact information.
  4. Lack of credibility. Your character can be an important element of the case. Any information you provide related to your personal injury should be honest and accurate. One easy way to destroy your credibility (and in turn, your case) is misrepresenting your injuries to your doctor. Remember, any discrepancy with the police report or other critical evidentiary record can harm your case. Don't lie to insurance companies, either. Instead, keep mum and let your attorney do the talking.
  5. No lawyer. While it may not be entirely necessary, consulting with an experienced personal injury attorney may be the easiest way to handle your personal injury matter. A lawyer may be able to identify legal issues you hadn't considered, and can give you useful guidance that is tailor-made to your unique situation.

Source: Findlaw.com

 


Planning Ahead is Key to Throwing a Memorable Party

September 14, 2013 12:09 am

BPT—There's nothing more chic than entertaining with ease and seamlessly bringing family and friends together over a great meal at a fashionable table. If you want to be known as an unforgettable host, follow these tips for entertaining in style to impress guests at your next event:

Select a theme: No matter the occasion, select a theme and color palette to set the tone and inspire everything from the tablescape to the menu.

Make your menu: Create a simple and delicious menu using fresh ingredients.

  • Set the table: To save time, design and set your table the night before. The key to creating fresh new tablescapes is versatile, white dinnerware paired with interchangeable, bold linens.
  • Prep and pop: Prep dishes in advance and store them in the fridge before baking and serving. When it's time to bake, pop them in the oven. CorningWare bakeware can go from the fridge to the oven, oven to table, table to fridge or freezer - no need to change dishes for baking, serving and storing. This time-saver will allow you to greet guests as they arrive and avoid last-minute meal prep.
  • All in the details: Just before guests arrive, add vibrant floral arrangements and light candles to set the mood. Enjoy the company of your guests while demonstrating how to entertain fashionably and effortlessly.

Source: www.worldkitchen.com


Seven Strange Ways to Burn More Calories

September 14, 2013 12:09 am

It goes without saying that exercising is a sure way to burn more calories. Just walking at a moderate pace several times a week will burn enough calories to result in weight loss.

But if you seem to be stuck at a weight loss plateau, fitness gurus at ThePostGame.com suggest seven ways you might never have thought of to help burn more calories and kick-start the next phase of your weight loss:

Drink green tea – It’s full of antioxidants, which is good for you in several ways, but studies show that green tea – with lemon added, but no sugar – also helps burn calories.

Eat hot peppers – Chili peppers contain capsaicin, which causes the body to expend more energy as heat, therefore, burning more calories. Add a few chili peppers (or cayenne pepper) to your meal occasionally to get the desired effect.

Eat more protein – Protein-rich foods also cause the body to increase calorie burn. For every 100 calories of lean meat, fish or poultry you eat, you’ll net only about 75.

Add some carbs – Because carbohydrate intake is closely linked to thyroid gland function, eating a very low-carb diet for an extended period of time results in a sluggish metabolism. Adding a few more healthy carbs to your diet – such as whole grain bread or rice – should help get your calorie burn going.

Get enough sleep – Those who don’t enough sleep each night are at risk of low metabolism. Getting at least seven hours of sleep nightly will help increase glucose tolerance, which helps the body to handle carbs more efficiently.

Read more – Watching TV is one of the lowest calorie-burning activities. Reading increases brain activity, which burns glucose. So instead of watching late-night TV, pick up a good book and read.

Take a diet break – Being on a low-calorie diet for an extended period also significantly decreases total daily calorie burn. To help overcome this so that you can burn calories faster, take a diet break every four-six weeks. Two days of higher-calorie eating will immediately help reverse the sluggish metabolism and help you burn more calories total.


Word of the Day

September 14, 2013 12:09 am

Appreciation. Increase in property value or worth due to economic or related factors; the opposite of depreciation.


Q: Can the seller also include contingencies in a contract?

September 14, 2013 12:09 am

A: Yes. For example, if you decide to sell your existing home first before buying another one, you can make the sale of your home contingent on finding a replacement home.  Some sellers opt for this contingency to avoid a double move, such as moving to a hotel or rental until a new home is found and made available.

However, there is one problem with this type of contingency: it can inconvenience the buyer, particularly if his own home is in escrow.  He may not be willing to wait for you to move.  

This strategy has a better chance of working when the market is relatively strong, your home is a rare find, the price and terms of the transaction are very favorable for the buyer, or the buyer is in no hurry to move.