As a growing population financed more costly purchases, total debt rose. But income rose even faster in recent quarters. By Wolf Richter for WOLF STREET. Total household debt outstanding ticked up by $71 billion in Q3, or by 0.57%, from Q2, to $17.9 trillion, according to the Household Debt and…

The Institute for Fiscal Studies says 30% of London's youth clubs closed between 2010 and 2019.

If the PCs are to hold or even grow their majority this election, Hants West is one of the seats they need to win again. The district is also emblematic of some key markings of the Houston government’s first term.

A bank or mortgage company forecloses on a property. After a few months of legal hassles, the lender finally gets clear title to the property and hires a local real estate agent. Of course, the lender, at this point, wants to try and recover almost all of the money lent on the property.

6 months or a year go by and this period is full of price reductions and repairs to the property. The property may have been vandalized, lived in by squatters, had new carpet and paint, even had new landscaping. The problem is usually that the lender refuses to set the price where it should be so the property, although shown many times, continues to sit on the market.

There is a hidden time limit for this lender. Does anyone know how long it is? How long can the lender keep a non-performing asset on its' books? How long can the property be an REO? We aren't talking about government foreclosures here (FHA and VA loans), the government can keep them forever. We are talking about bank or lender owned foreclosures.

I have a done a little research and it appears that the time limit that a private lender can keep an REO on its' books is 2 years plus or minus a little.

The questions is... What happens to the house or property AFTER the statutory time period has expired and the lender is forced to "get rid of the property at any price"?

Unfortunately, researching this topic has produced very little in the way of usable results. However, I did happen upon a few references to something called The REO Black Hole List. Apparently there really is a place that lenders can "dump" their old REO inventory as a last measure. And, they dump them at dirt cheap prices - usually for thess than lot value.

My research has found that there appears to be a handful of asset managers, companies that buy these old REO properties in bulk, that lenders turn to when they absolutely must liquidate the non-performing assets. These asset managing companies turn around and sell, in bulk, to a "secret" list of private, seasoned investors who actually purchase 50 to 100 to 400 houses at a time.

And guess what? These investors are able to purchase these homes, on average, for $2350 to $5000 per house! I kid you not. I actually spoke to an investor who bought around 182 houses direct from Fannie Mae for $400,000. You do the math. That is under $2500 per house.

The thing about this kind of setup is that the investor must buy all of the homes in a package - whether they are vacant lots, burnouts, or condemned. AND - they are not in one location but spread out all over the country. That's why the average price per home is so cheap...to spread the risk. But, these homes have all been in an MLS system somewhere - they were all REO properties at one time - so there is a way to find the market value pretty easily: Call a local agent!

AND since the investor may live in Maine or south Florida, he or she will also call a local agent to list these properties. They usually pay a high commission because the price will be low and because they have very little invested in the house. Does anyone have any experience with these types of investors? Or - if you know a local investor, would they be interested in this kind of "bulk buying"?

One other little tidbit I found out: a lot of the packages that these asset managers sell consist of only 10 or 20 homes. Think about that. You could buy 10 homes for $30,000 or $40,000. While some of them may not be the jewels you would want, several of them will always be great fix and flip homes that will sell for as much as you paid for the entire package.

Again, little information can be found on this "underground network" and the only place I could get any information was at this REO site. I know it exists. If you know how to get on this list or how to get in touch with the investors that participate, please post it! If you are in Ohio and I am in Alabama, we are not competing against each other!

More than 30 public toilets in Ceredigion could close to cut costs.

Meeting code without sacrificing design

Custom engraving is available for most metal and plastic products, including LYNN’s popular TheNID, SlimFIT, and HyperDrop lines.

DeKalb, IL — Could altering the language on disability disclosure forms encourage more workers to disclose their conditions? A recent study explored this idea.

As plastic caps and closures rise in demand, companies continue to innovate, improving on the performance and sustainability of beverage packaging, driving more adoption of recyclability and reusability.

Beverage-makers are reaching sustainability goals as suppliers direct innovations for tabs, ends and closures with these aspects in mind. 

Alpek Polyester offers CaPETall, a sustainable solution that allows for PET to be used in caps and closures to achieve a 100% PET packaging solution.

The Texas Department of Insurance said it closed seven Division of Workers’ Compensation field offices along the Gulf Coast in response to Hurricane Beryl. The department said it closed both field…

Extended Parking Lane Closures & Traffic Shifts at W. Lawrence Avenue between N. Broadway and N. Winthrop Avenue for Street Reconstruction & Final Asphalt.

Extended Sidewalk Closures at W. Lawrence Avenue between the CTA Tracks and N. Winthrop Avenue for Station Excavation, Utility Adjustment, Sidewalk Reconstruction & Decorative Paver Installation.

Updated Dates & Impacts with Extended Parking Lane Closures & Traffic Shifts at W. Foster Avenue between N. Broadway and N. Winthrop Avenue for Street Reconstruction & Shoring Tower Construction & Staging.

Updated Dates, Extended Street Closures, W. Ardmore Avenue between N. Broadway and N. Winthrop Avenue for street, sidewalk restoration and screen wall installation.

Daily Sidewalk and Parking Lane Closures at N. Clark Street between W. Roscoe Street and approx. 250ft south for substation wall construction.

Daily Street Closures, W. Cornelia Avenue between N. Sheffield Avenue and N. Wilton Avenue for track work.

Daily Alley Closures at the alley west of 4700 – 4748 N. Winthrop Avenue (W. Leland Avenue to W. Lawrence Avenue) for wall cap installation.

Alley Entrance Relocation and Daily Short-Term Street Closures at he alley east of 5001 thru 5077 N. Broadway & 1135 W. Winona Street (W. Argyle Street to W. Winona Street) - W. Winona Street at the CTA Tracks.

Updated Dates Daily Alley Closures for the alley west of 4700 thru 4748 N. Winthrop Avenue (W. Leland Avenue to W. Lawrence Avenue) for wall cap installation.

New Dates, Daily Sidewalk and Parking Lane Closures at N. Clark Street between W. Roscoe Street and approx. 250ft south for Substation Wall Construction.

Intermittent Daily and Nightly Street Closures at W. Ardmore Avenue at the CTA Tracks for Material Delivery for Trackwork.

Overnight Street Closures W. Lawrence Avenue at the CTA Tracks for Track Structure Segment Installation.

New Dates Extended Street Closures at W. Newport Avenue between N. Clark Street and 932 W. Newport Avenue for street reconstruction.

N Clifton will be closed to auto traffic between N Broadway and W Lawrence to allow crews to dissemble the construction gantry system.

Updated Dates Alley Entrance Relocation & Daily Short-term Street Closures Crane Staging & Material Deliver

Advances in compostable packaging technology now offer innovative packaging solutions made of plant-based and other compostable plastics to create compostable zippers and closures that offer the same durability and functionality as conventional plastic closures. 

Water detection in underground closures for the maintenance of optical fibre cable networks with optical monitoring system

SFUSD's handling of potential school closures is raising concerns. And, Cafe du Nord has brought us local music for over 100 years. Then, a new film about a trailblazing ballet dancer.

The latest school and government office closures for the Denver metro area.

Is your district calling for a snow day? Check our complete list of metro area schools.

On days with severe weather, school closures and government office closures will be updated throughout the day.

The City of Hamilton announced upcoming road and car park closures for Taste of Bermuda 2024, a four-day culinary event from October 17 to 20. A spokesperson said, “The City of Hamilton would like to advise the public of upcoming road and car park closures in support of Taste of Bermuda 2024, presented by MasterCard’s […]

Schools must make the critical decision whether to reinforce the learning that students have already done this year or introduce new content.

Maryland's announcement Wednesday that school buildings won't reopen this academic year marked a a sobering milestone in the disruption to American education caused by the coronavirus pandemic.

Schools may have to continue closures in the fall if the coronavirus resurges, state schools chiefs in Maryland and Washington said. The warnings came the same week thata key federal official predicted schools would be able to reopen for the 2020-21 school year.

More than half of all states have ordered schools closed for multiple weeks to help slow the pandemic.

Florida’s Gov. Ron DeSantis said on Monday that schools will be required to remain open despite the rise in confirmed COVID-19 cases and hospitalizations, arguing lockdowns and closures have not worked.

Florida’s Gov. Ron DeSantis said on Monday that schools will be required to remain open despite the rise in confirmed COVID-19 cases and hospitalizations, arguing lockdowns and closures have not worked.

Many are whipsawed by shutdown recommendations aimed at stemming the coronavirus, and the logistical and financial consequences of those actions.

Innovations that schools developed during their rapid transition to online instruction could inspire them to "rethink education," U.S. Secretary of Education Betsy DeVos said at a web conference with reporters.

To help ease the transition to remote instruction, educators have launched virtual professional learning communities to share resources, ask questions, and give advice.

Sixty posts—including commentaries, videos and infographics—are listed, with practical advice for teachers dealing with remote teaching now and in the future.

Manchester : Manchester University Press, 2016.