Posts Tagged ‘Expect’
What to Expect Will Help You Make the Most of the Experience Auction?
Wednesday, August 25th, 2010Whether you are an investor that want to get into buying foreclosed homes for your personal use or to flip the property or if you are having your home foreclosed on, you should know what to expect at a foreclosure auction. Of course, the actual steps that will be taken can vary a bit from state to state and from house to house, but it’s excellent to know what you will be getting into when you go to a foreclosure auction. Foreclosure auctions can be exciting, even fun, but knowing what to expect will help you make the most of the experience, whether you are an investor or a homeowner that is trying to get your house back.
Previous to the Auction
You’ll likely find out about the foreclosure auction in a local newspaper and on the flier may be information to pre-be eligible for bidding. This will allow you to place down a deposit so that the auctioneer knows that you are a serious bidder and can fulfill your bid if you are the winning bidder. Being pre-qualified just sort of speeds up the process so that you don’t have to mess around with the deposit on the day of the auction. During this time you should also do some research on the house by looking into any liens that may be against the property, how much the property is worth, how much it has valued in the last few years, as well as property principles in the area. If the home looks as though it will need some repairs, you should consider this as well when trying to come up with how much you will be willing to pay for the house. Without this research, no amount of knowledge about what goes on at a foreclosure option will help you because you won’t know where to start when it comes to really making a excellent bid.
What Happens At the Auction
The auction will typically start with the auctioneer reading legal notices as well as a legal description of the property. The auctioneer will usually then start taking bids on the property. If the auctioneer has pre-qualified bidders the process is more streamlined, if not, each time a bid is made the auctioneer will then question for the bidders deposit check, which is typically right around $5,000 for residential auctions. After each bid the auctioneer will attempt to solicit bids for higher amounts. Each auction is different, but the auction increments usually are set by the auctioneer and may be by $100, $500, or $1,000 per bid. The auctioneer will take up again to solicit bids by this increment until it is clear that the highest bid has been reached. Then, the auctioneer will announce, “Going once, going twice, three times, sold!” indicating that the auction is over and the property has been sold to the highest bidder.
Once the bidding has finished a foreclosure deed and buy papers will be drawn up and validated by the new owner or purchaser and the mortgage holder. A grace will likely be given to allow the purchaser to find financing or to come up with the funds to cover the full amount of the bid. This grace period is usually 30 days unless the purchaser and the mortgage holder agree to other terms. After the grace period a closing will take place, so that the new owner can formally take the title to the property.
What Happens, Now?
The purchaser can do what he or she intended to do with the property, whether it is to go into the home or to sell it for full market value. The cash paid by the purchaser will be distributed in order of priority, first of which would be taxes. After taxes cash will be paid to the mortgage, for more details stay to www.mining-auction-gold.com then the second and third mortgage if applicable. If there is still cash after paying these debts, remaining cash will be paid to lien holders and creditors. There is a very slim chance that there will be cash left over after all of the debts are paid, if this is the case then the monies will be paid to the former home owner.
What about the Original Owner?
The original owner will evenly be at the auction so that they can bid on their home, and this is legal as long as they have the deposit required. If the owner of the home that has been foreclosed does bid on the home they must remember that the deposit is not refundable and the deposit assumes that they will be able to finance the home within the grace period. Owners must also remember that if they buy the property back ancient debts may merge and become reinstated such as second and third mortgages that became void when the first mortgage foreclosed on the property unless one has filed bankruptcy and is truly free and clear of these debts. Owners will evenly drum up the funds to make the deposit so that they can have a further 30 days to try to save their home. Owners may or may not be successful in their attempts to save their home at a foreclosure auction.
As you can see, there are a lot of things that go into a foreclosure auction, but none of them are all that hard to know, but knowing about them makes the auction more enjoyable. The auction itself is not all that complicated, for more details stay to www.auction-words.com but it can be very quick paced. At some foreclosure auctions there are a lot of people, at others there are only a few because of the place or just the debts attached to the property, or even the state of the property. If you are serious about the property you should pay close attention when bidding starts so that you are sure that you can get your bid in when you feel it’s time so that you have the best chance of being the top bidder.
What is the Window Frame Expect?
Sunday, January 10th, 2010To use Frames or not to use Frames…
That is the question…
I’ve kept away from using frames in any of my work where possible. As much as I like some of the features that frames place forward, such as a static header area and side menu bar, there is still a number of negative aspects to their use.So what are these frames (framed sites) anyhow?
A frames page itself contains no visible content; it contains instructions on which pages to show simultaneously and how they will be showed within the browser window . Reckon of it as a clear overlay, much like a panelled window frame – apart from this window frame allows you to look into different rooms of the house. A frames page can contain references to many other pages, but usually they consist of references to pages to be used as the header, the content, a left hand menu bar and a perhaps a footer bar. When a hyperlink is clicked in one frame, say the left hand navigation window, it will open a page in the content window, or the target frame.
This makes site-wide changes simple to implement (especially when used in conjunction with Cascading Style Sheets) as you can exchange the bits and pieces such as the menu bar and logo for your site in one page, and that will update the entire site.
Using a frame for the header (top) area or navigation bar of your pages will also make it static (fixed) so visitors can easily access menus etc… no more scrolling back up the page.
All this sounds fantastic, but there are a number of points you need to consider previous to implementing a framed site, especially when using WYSIWYG (What You See Is What You Get) web page editors .
1) Many search engines cannot index framed sites. Because the home page is merely a frame, with very small content or hyperlinks to follow, search engine spiders may stop dead on the page and have ‘nothing to report’. A way around this is the proper implementation of Meta tags and use of the “noframes” tag. (See further resources at the end of this article)
2) If a search engine does manage to spider your site, visitors from search engines may land on the content pages, rather than the full-framed version, i.e. they may arrive on your site and all they will see is the menu bar! For a work-around for this issue, see further resources at the end of this article)
3) Non-frames capable browsers. Fortunately, only 1% of visitors’ browsers fall into this category. Once again the use of the ‘noframes’ tag will help, but to be used effectively you in the end need to make two sites, one framed, one not – the “time saving” is suddenly gone.
4) Bookmarking. A visitor cannot bookmark a specific page in your site without requiring bonus customized scripting for each page. Even then there is a risk of visitors landing on the content frame, with no navigation frames to view.
5) Visitor opinion. Many find frames annoying.
6) Copyright issues. You’ll need to ensure that all links within your site that point to outdoor sources open in a new window to avoid copyright wrangles. There have been legal precedents in relation to this issue. Many site owners object to their content appearing in a name else’s frame, to the point that special “frame busting” code is used.
7) Internal between. Special attention will need to be paid to your internal links to ensure that any page pointing to, for example, the home page opens as a “total page”, otherwise the framed home page will appear in the target window, causing confusion to visitors.
Printing issues. Visitors need to take further steps within their print settings to ensure the information they want is printed correctly. In most cases, a full page cannot be printed as showed on the screen, only in sections corresponding to the frame.9) Scroll bars, divider bars. If your framed site uses a number of frames, scroll bars can verify to be unsightly. These can be removed, but check compatibility with other standard browsers. (See further resources at the end of this article)
10) Outdoor linkages to your site. If other sites wish to link to specific pages in your site, it is more hard for them to do so.
11) Refresh/Reload problems. Again, special care needs to be taken with coding otherwise when a visitor tries to refresh a particular page, they may be taken back to the original frameset. A common problem.SSI – the alternative to frames
If you are a FrontPage user publishing to a FrontPage enable web server, the “Include Page” function is very handy and simple to implement. For others Server Side Includes (SSI) may also be an option – it can save many hours in global site updates.
How to use SSI/includes
When using SSI, instead of making entire pages, a basic framework is used – empty tables for recurring elements such as nav bars, headers and footers, plus an area for the content. Then page elements such as navigation bars are produced as separate files – without tags. In your template page, you then “insert” the common files with the coding in the appropriate spot.
Example SSI Coding
Note: to use “habitual” SSI, you will need to check with your web host first and probably rename your SSI enable pages to .shtml. There is a workaround to having to rename all your pages by count the following to your .htaccess file:
Be very careful when editing your .htaccess file and ensure you don’t scare any of the existing coding within it – it should only be opened with a text editor and a backup should be made previous to editing. .htaccess files contain specific instructions for certain requests, including security, redirection issues and how to handle certain errors.