Month: August 2018

Residential and Commercial Property for Rent in Bangalore

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Are you relocating to the Bangalore city and trying to find residential and commercial properties for rent? That’s good news because Bangalore is a wonderful city covered with plenty of green, has a great climate and offers a great diversity. Well, you can definitely manage to get a residential property for rent within your budget limits in Bangalore. The rental charges vary depending upon the locality where you want to rent a residential property, like in any other city.

But, there is only one hitch in taking a residential property for rent in bangalore. That is we must pay an advance rent of 10 months as a refundable deposit that carries no interest. It’s not really like that in the other cities like Hyderabad etc. This rule would be a minimal requirement when you want to find a commercial property for rent in bangalore . The rental agreement on a stamp paper agreed and signed by both the parties, is must even when renting a residential property and no need to mention when you rent a commercial property.

The rental charges for commercial properties mostly depend on the type of business activity rather than just the area of the property to be rented out. The other charges for water supply and maintenance are additional for both residential and commercial properties. The property owners usually get the initial rental agreement done for a minimum period of 1 year in both the cases.

You can find all kinds of office or residential space like high rise apartments, multistoried buildings or even individual houses in almost all the areas of Bangalore. There are plenty of ad magazines and online websites which publish the details of property listings directly given by the owners. So, you can easily manage to find a suitable residential or commercial property on your own saving that extra cost of engaging any individual middlemen. Happy renting!

The Florida Panhandle A Terrific Place To Invest In Real Estate

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We have vacationed in Northwest Florida, Walton County in particular, for twenty years – and love it! The best, uncrowded beaches in the country – reasonable cost – great restaurants – terrific beach properties to lease! So we are very enthusiastic about the area – but what about the economic realities of investing in Florida — at this time?

Northwest Florida has a vibrant and steady tourist business, with low unemployment. The brand new Panama City International Airport, projected to open in January 2010, will make the area quickly accessible from virtually anywhere in the United States and Europe. It is expected to provide a major boost to the areas economy, and should increase demand for real estate.

We believe the Florida panhandle is a solid place to buy real estate, and that real estate values, though flat right now (January 2008) are likely to move sharply upward, especially for oceanfront and Gulf view properties. But thats our view! Here are some other folks opinions on the area.

CNN Money.com (Feb. 12, 2007) highlighted Panama City, Florida as the #1 place to buy real estate in the United States.

American Express says that the Florida panhandle is one of its Top Ten tourist destinations in the United States. The Florida panhandle is second only to the Orlando area in Florida tourism. Northwest Florida beaches are among the best in the world, attracting over seven million visitors annually – more than any other East Coast beach area.

Real estate professionals in Walton County say that prices are less than during the peak year of 2005. But they are expecting closings to increase, as more deals become available. Many residences are priced below the cost to build. “If you are looking for a property to hold on to for the next five years, the time to purchase is now. We are still very undervalued compared to other regions of Florida.”

The St. Joe Company (NYSE:JOE), whose corporate headquarters are in Jacksonville, FL, is the largest landowner in the Florida panhandle, owning some 718,000 acres of development land – half of it less than ten miles of the coast. St. Joe has been a big player in the area for a long time, beginning as a timber company but realizing in recent decades that the value of its holdings was far greater as investment property. So now theyre in the vacation home development business, with a great deal of activity centered on Walton County.

According to St. Joe’s Investor Relations Department the long term outlook for Florida panhandle real estate is particularly upbeat.

Long-term economic and population trends continue to favor Florida, whose economy is fundamentally solid and diversified. The state’s population is forecasted to increase by three-fourths (to 28.6 million) by 2030. Its demographic growth rate regularly outperforms that of the rest of the United States: since 1970, the State’s yearly rate of growth has outpaced the national average by 100%. By 2010 Florida will pass New York to take its place as the nation’s third most populous state.

Florida’s solid, diversified economy regularly outperforms the U.S. mean, with a burgeoning tourism industry, plenty of high-tech jobs and a strong high-tech manufacturing sector. A large military presence with a number of active and expanding bases provides stability to the region’s economy. Within the Florida panhandle, Walton County has one of the lowest unemployment rates in Florida and the U.S.

Florida is the commercial center of the Americas. Geographic location, as well as economic and political stability, places Florida at the heart of trade and business throughout the region. Vacation property sales to retirees remain robust, and Florida is a favorite spot for retirement relocation.

Northwest Floridas beaches are the states second favorite tourist destination, behind only Orlando. They draw over seven million visitors each year, more than any other stretch of beach in the eastern United States.

Beaches in the Florida panhandle rate as some of the most beautiful in the country and the world. Beaches in Walton, Bay and Gulf Counties have been selected for the number one ranking by Dr. Stephen P. Leatherman, an authority on beach quality and author of America’s Best Beaches.

Northwest Florida enjoys a very favorable climate, with mild winters, lots of sunshine and clear days. Northwest Florida is located in U.S. Climate Zone 8, the same climate zone as renowned vacation areas such as Hilton Head (SC), Amelia Island (FL), Kiawah Island (SC) and St. Simons and Sea Island (GA). Floridas beauty and variety of landscape is well-known. The Emerald Coast has a distinct geography, culture and cuisine that is very different from Miami or Orlando.

Northwest Florida entertains approximately seven million visitors annually. According to Visit Florida, the states tourism and visitor agency, 33 percent of these visitors are from households with incomes over $75,000 and 16 percent are from households with incomes over $100,000.

The number of private resort developments in the Florida panhandle is increasing. At communities like Seaside, Rosemary Beach, WaterColor and WaterSound Beach, oceanfront lots have sold for $40,000 per linear beachfront foot to prosperous families who have chosen Northwest Florida.

The new Panama City airport now under construction is expected to be in operation by February 2010. It will be a major international airport, thus opening the Emerald Coast to easy access from both coasts, the Midwest, Canada and Europe. Previously, access to the area by air was limited to regional airports.

Economists expect that the new airport will become a strong economic development engine for the area. Throughout history airports have a powerful track record for increasing economic development activity.

The new Panama City airport will be the first major airport built in the United States in almost fifteen years. As a large-scale greenfield airport location, it offers unique opportunities and unmatched flexibility for companies dependent on air transport and logistics infrastructure.
Examples of how airport construction stimulates local economies may be seen in Huntsville, AL, Savannah, GA, Jacksonville, FL, Fort Myers, FL and Northwest Arkansas. All of these airports have stimulated significant adjacent development.

The State of Florida projects that over its first decade, the new airport is likely to create 8,000 new jobs and at completion a total of 13,000 jobs. An important comparison is the construction of the new Southwest Regional Airport in the Ft. Myers/Naples area in 1983, which had a tremendous impact on real estate values. Since the airport opened in 1983, total residential real estate values in the region have increased an average of 11 percent annually.

Fortune Magazine (October 14, 2007) highlighted the St. Joe Company as one of the Ten Best stocks for 2008, citing the long-term potential of the company and its development business situated in the Florida panhandle. The article says: “When Florida real estate does rebound, investors will be kicking themselves for not recognizing today’s $28 stock price for St. Joe Co (JOE) — Florida’s largest private landowner — as a rare opportunity.”

In the quickly shifting economic climate, it is important to research and ask questions before making any investment choice. Yet the truth is that the Florida panhandle is a rarity, with a delightful climate and stunningly beautiful, mostly empty beaches. As you sit on the pristine, white sand with your feet in the emerald clear Gulf water, with pelicans and gulls flying overhead and dolphins cruising by you can see that there are some very important intangibles here. Northwest Florida is a very special place – and they’re not creating any more beach property!

Wood Retaining Wall Options For A Home

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If you’re currently trying to discern whether or not you could benefit from building a retaining wall, try answering the following questions:

1. Do you own a home or property situated on or near sloped, uneven ground?
2. Do you live in a particularly wet climate where flooding and soil erosion are prevalent?
3. Are you looking to add a touch of uniqueness and beauty to your yard and/or property?

If you’ve answered “yes” to any one of the questions above, it’s time to consider installing one.

The Benefits of a Retaining Wall
Retaining walls have a number of uses as well as offer many practical advantages to the homeowner. Generally, the main purpose is to prevent the erosion of sloped earth that may threaten to shift and slide; thereby, potentially damaging or destroying your home or property. They are also particularly effective tools in climates with heavy precipitation, e.g., the Pacific Northwest. Not only will an effective one properly support sloping earth, but it will also act as an effective means of draining water runoff and reducing hydrostatic pressure. Furthermore, they provide a number of agricultural benefits. For warmer, dryer climates, a wall can delay seepage of water from land, and for wetter climates, properly drained walls can divert water from areas prone to flooding.

In addition to practical purposes, these structures maintain a certain aesthetic value as well. As such, adding one may increase the resale value of your home, while also enhancing your own enjoyment of your property. For example, a wall can be constructed in a series of steps or levels, granting you unrestricted creativity to include all kinds of plantings, flowers, or other elements that will add texture, color, and new life to each successive level. Not to mention, stepped retaining walls have proven to be a more effective form of erosion control.

Retaining Wall Options
Since these structures provide support for vertical grade changes, an effective one must be constructed in such a way as to accommodate and redistribute the lateral pressure caused by sloping. As a result, they vary in size and type, and often include materials like stone, brick, concrete, vinyl, steel, and pressure treated timber.

If you’re brainstorming ideas for a retaining wall, the following are commonly used types.

Gravity retaining walls rely on their mass to hold back pressure. Often these walls are constructed from large pieces of stone, concrete, or other heavy materials that are often a composite of elements including steel, rock, timber, soil, and concrete.

Sheet pile retaining walls are utilized for soft earth and limited space. These walls are typically constructed from thin sheets of steel, vinyl, or wood which are driven into the ground.

Cantilevered retaining walls were more popular before the introduction of gravity walls. These walls are typically taller and fashioned from thin stems of steel-reinforced concrete often cast in the shape of inverted T. In effect, they will “cantilever” loads, diverting pressure downward toward the strong base instead of forward. The advantage to this particular type of wall is that it uses less material than most others.

Anchored retaining walls employ the use of anchors placed behind the wall (into the earth) for support. The size and shape of anchors vary, and a number of different methods are used to place them. They are typically used when either high loads are expected or the wall itself is required to be thin, rendering it too weak to stand alone.

Finally, soil nailing is a technique actually used to reinforce the wall. Usually, a number of relatively slender elements, like steel bars, are installed through the wall at a downward angle. This allows them to be easily modified during the construction process and, typically, built from the top down.

Types of Masonry Construction, Characteristics and Common Uses

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Types of Masonry Construction, Characteristics And Common Uses

Virtually, all buildings incorporate some type of masonry construction, whether it is a stone or concrete foundation, brick veneer walls, or terra cotta ornamentation. Preservation of these buildings requires a basic understanding of masonry types and their characteristics, technology and construction methodology, proper maintenance and conservation treatments.

Masonry is generally a highly durable form of construction. However, the quality of material used, together with the quality of the mortar and workmanship can strongly affect the durability of the overall masonry construction. Masonry is commonly used for the walls of buildings, retaining walls and monuments. Brick is the most common type of masonry and may be either load bearing or a veneer. Concrete Masonry Units (CMU’s) are made from concrete and are larger than ordinary bricks. CMU walls can be reinforced by filling the block voids with concrete and steel reinforcing bars. Typically, not all voids are filled, but rather those at corners, wall ends, adjacent to window and door openings, which increase wall strength and stability. Placement of steel reinforcement generally results in a CMU walls having much greater lateral and tensile strength than unreinforced walls.

The earliest material to be used was stone. It can be obtained in two ways: from natural outcroppings or scattered deposits, and by the process of quarrying. Most early buildings were constructed of stone readily available near the building site. Early stonemasons also were aware that certain stone types had more -weatherability- – able to withstand the effects of weather better than others – and they utilized each type in accordance with its properties. Stones may be laid up in their natural form, or broken and squared, or shaped, for the proper fit with other stones in the wall.

Quarrying, the industrial process of extracting stone from the earth requires substantial effort and technology. In this process, stone is drilled, blasted, fractured or cut from the quarry face, and then shaped and finished for use in construction.

Concrete masonry units (block and concrete brick are available in sizes, shapes, colors, textures, and profiles for practically every conceivable need and convenience in masonry construction. In addition, concrete masonry units may be used to create attractive patterns and designs to produce an almost unlimited range of architectural treatments of wall surfaces. The following are some more prominent uses:

Exterior load-bearing walls (below and above grade)

Interior load-bearing or non load bearing walls

Fire walls, party walls, curtain walls

Partitions, panel walls, solar screens

Backing for brick, stone, stucco, and other exterior facings

Veneer or nonstructural facing for wood, concrete, or masonry

Fire protection of structural steel members

Firesafe enclosures of stairwells, elevator shafts, storage vaults, or fire hazardous work areas

Piers, pilasters, columns

Bond beams, lintels, sills

Floor and roof systems

Retaining walls, slope protection, ornamental garden walls, and highway sound barriers

Chimneys and fireplaces

Catch basins, manholes, valve vaults

Paving and turf block

Solid brick masonry is made of two or more layers with the units running horizontally (called -stretcher- bricks) bound together with bricks running transverse to the wall (called -header- bricks). Each row of bricks is known as a course. The pattern of headers and stretchers employed gives to different bonds such as the common bond, with every sixth course composed of headers, the English bond, and the Flemish bond, with alternating stretcher and header bricks present on every course. There are no real significant utilitarian differences between most bonds, but the appearance of the finished walls is affected. Brickwork, like unreinforced concrete, has little tensile strength, and works by everything being kept in compression.

There are many brick laying patterns, the following are but a few:

Stack Bond The brick laying patterns described by this term are not structurally sound and are used only for decorative purposes. The stack bond is a run of stretchers with each stretcher stacked centered on the stretcher below it. All joints run vertically down the entire wall.

Running Bond brick laying patterns are a run of stretchers with each stretcher placed in the center of the stretcher below it. This pattern gives a reasonable amount of structural soundness.

English Bond is made up of alternating courses of stretchers and headers. This is the strongest bond for a one-brick thick wall.

Brick Terminology

Bat is a brick cut in half or quarter along the short face

Closer A queen closer is brick cut in half down the long face. They are used in corners of English or Flemish Bond.

Header Brick is laid in a wall, usually connecting two rows of a double wythe wall. The smallest end of the brick is horizontal, aligned with the surface of the wall and exposed to the weather.

Quoins are groups of brick that project slightly from the face of a wall at the corner of a building. The pattern often alternates with several courses projecting bricks, and several courses that are aligned with the wall. The pattern of projecting quoins often alternates with the brickwork on the other side of the corner.

Rowlock is a complete course of brick laid on its side, with the shortest end of the brick exposed and vertical. Commonly used on the top course as a coping for a garden wall.

Sailor Brick are laid on its end with the largest, broad face exposed.

Shiner Brick laid on edge like a sailor, but the broad face is set horizontally.

Soldier Brick often is a complete course of brick laid on end vertically, with the narrow side exposed in the face of the wall.

Wythe is a single vertical wall of brick.

Clay Brick vs. Concrete

The formula for brick making has not changed for hundreds of years. The primary ingredients are clays and shale. It is these ingredients that give natural brick its colors and hue.

The natural color of concrete is gray. In order to give concrete bricks color, additives are necessary to create the variety of colors. Weather and the ultraviolet rays of the sun can cause concrete bricks to fade over time.

Concrete bricks have a tendency to shrink. During the concrete curing process, if the bricks are not properly cured prior to being delivered to the jobsite, shrinking and cracking will appear at the mortar joints and can allow water to enter the wall cavity.

According to a recent survey of architects, designers, engineers, and environmental planners and managers conducted by the Portland Cement Association (PCA), 77 percent chose concrete as a sustainable material. Overall, respondents ranked concrete favorably for its energy efficiency, durability and reduced maintenance. Over 500 individuals participated in the blind survey presented in an Internet survey form by a third party web host.

According to PCA President, -buildings with exterior concrete walls utilize less energy to heat and cool than similarly insulated buildings with wood or steel frame walls-. Additionally, -the superior insulation, air tightness, and mass of the walls can reduce energy for heating and cooling by up to 40%.

Alan Trauger is a Building Consultant that performs property condition assessments for residential and commercial properties. An experienced and knowledgeable problem solver, understanding processes and issues related to building structures and their systems. An expert witness, trainer, and educator. To review Authors Bio, qualifications, and interest in receiving future email newsletters http://www.alantrauger.com

To learn more about how your real estate tax assessment is prepared and how to appeal your property taxes. Property Tax Reduction Manual

Sunset Beach – Longboat Key Condominium On The Beach

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Situated on the south end of Longboat Key, the beachfront condos of Sunset Beach offer sweeping views up Longboat Key all the way to Lido Key. In addition to the amazing views, residents of Sunset Beach at Longboat Key enjoy living in a community that is relatively low-density that features a number of very alluring amenities.

With only 65 units found in three buildings, residents of Sunset Beach enjoy the peace of mind of living in a gated community featuring covered parking. Other amenities enjoyed by residents of Sunset Beach at Longboat Key include a heated swimming pool, a spa/hut tub, elevators and access to the beach.

With a minimum lease requirement of two months, those who are interested in temporary vacation housing or temporary housing for any other reason may set their sights upon Sunset Beach at Longboat Key. For those who wish to stay longer, on the other hand, Sunset Beach also offers leases for up to three years. As such, there is certain to be a leasing option available to suit just about anyone’s needs – from vacationers to those who want to remain in the area for years, Sunset Beach is an excellent option to consider.

In addition to the many amenities offers to residents and the flexible leasing options, the convenient location of Sunset Beach at Longboat Key is another reason so many are interested in calling this complex home. While everything is located relatively nearby on this 11-mile-long island, Sarasota and St. Armands Circle are also located just a few minutes away. Here, residents can take advantage of a wide variety of shopping and dining opportunities. Of course, due to the fact that Longboat Key is surrounded by the beautiful blue waters of Sarasota Bay and the Gulf of Mexico, residents of Sunset Beach also have ample opportunities to enjoy a variety of different water sports and other activities. Some popular water-based activities available throughout Longboat Key include boating, sailing, fishing, water skiing, fishing, snorkeling and more.

With so many recreational opportunities available throughout Longboat Key, there is a seemingly endless variety of ways for residents of Sunset Beach to pass their time. Thanks to the magnificent views and excellent onsite amenities available to residents of Sunset Beach, on the other hand, residents don’t have to go far to have some fun or to simply relax as they take in the amazing views.

Types Of Scaffolding And Their Uses

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Everyone has seen the scaffolding that goes up around a construction site, or if you’ve ever had any sort of major home improvements done, you probably had to deal with having scaffolding set up around your house. But that is certainly not the only reasons you would need scaffolding. There are many types of scaffolding. There are three major classifications that most forms of scaffolding fit into: suspended, supported and aerial. This article will give you the information you need to know which type of scaffolding is best for different situations.

So, let’s take a look at how each of these categories can be identified. Suspended scaffolding is when the scaffold is securely suspended by rope from the roof or top of a house or building. A suspended scaffolding system requires pulleys, levers and switches. This system allows you to move the full height of the building, allowing you to access most of the vertical surface.

The next sort of scaffolding is known as supported scaffolding. This system is based firmly on the ground, and then built upon. A frame of lumber and poles is placed around the site. You climb up a ladder to mount this type and work from the middle length of the scaffold called a platform. Attaching wheels to supported scaffolding allows you the option of making this system completely mobile, which can be very handy for moving it along the building’s vertical surfaces.

Finally, aerial lifts can be chosen for your scaffolding needs. Aerial lifts are actually mounted devices that have the capability to be lifted to other elevations and locations. This is so helpful to workers when they have a need for the scaffolding to be lifted to a completely different location. When moving the aerial lifts, shackles are needed to keep the scaffolding from accidentally separating from the hook that is carrying the lift.

Now that you have read through this guide you have a better understanding of what you need when sorting through different types of scaffolding. Window washers on high rise buildings choose suspended scaffolding as it’s much easier to work with at higher elevations.

If you’re just starting to put up a new home, then you’ll want to install a supported scaffold around the foundation. Whenever you have the need of having the scaffold moved in the air, it’s best that you choose aerial scaffolding for safety and convenience.

Free Residential Lease Agreement Template

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When home sales go down, rentals go up. The rental business is thriving as more and more people find it difficult to sell their homes. Some folks are renting out their homes just to stay afloat.

If you are in the property management business, you know how hectic it can be to stay organized. Details and time lines are crucial to your business and staying on top of things can be a daunting task. Youll want to be armed with forms that will make your job and life easier. Especially if you are self managing one or more properties, our free residential lease agreement template will help you stay organized and keep track of your residents information.

Managing your own properties can be overwhelming. Our system makes it easy to supervise your property or properties by simplifying and automating your information so it will be right at your fingertips.

A free residential lease agreement template is available when you sign up for a free account at mypropertymanager.com. Protect your rights and your property as a landlord with a free residential lease agreement template that will help you stay on top of your properties and store your residents information all in one place. Youll also have access to our property management software system and be able to see for yourself what a great tool this is for managing your property management business.

The booming rental market has been attracting more investors into the business, some without any property management experience at all. Investing in rental properties can be a great source of income and by using our system, it can help increase your profit by simplifying and organizing your files. A residential lease agreement template will let your tenants know what is required of them. It will showcase you as a professional property manager and a lease agreement will protect their rights as well. It will give you peace of mind that you have someone who understands what they can and can not do to your property and the ramifications if rent is not paid on time.

Our automated system will alert you when rent is due and help sort through the mess, taking the work out of the rental business with resources and valuable tools on how to run your business. Sign up at Mypropertymanager is free and easy and you can start using your free residential lease agreement template today!

Why Cmos May Be Considered For Private Trading Programs

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Collateralized Mortgage Obligations (CMOs) sometimes referred to as Real Estate Mortgage Investment Conduits (REMICs), are one of few innovative investment methods available in today’s investment world. CMOs offer relative safety, regular payments and notable yield advantages over other better known fixed-income securities of comparable credit quality.

A wide variety of CMO securities with different cash flow and expected maturity characteristics have been designed to meet specific investment objectives. While CMOs offer advantages to investors, they also carry certain risks which will be further explained in this document. To determine if CMOs fit within your investment portfolio, you should first understand the distinctive features of these securities.

CMOs were first introduced in 1983. The Tax Reform Act of 1986 allowed CMOs to be issues in the form of REMICs, creating certain tax and accounting advantages for issuers and for certain large institutional and foreign investors. Today, almost all CMOs are issued in REMIC form. Remember that throughout this CMO explanation, REMICs and CMOs are interchangeable.

THE BUILDING BLOCKS OF CMOS
Mortgage Loans and Mortgage Pass-Throughs. When a CMO is created, it begins with a mortgage loan extended by a financial institution (such as a savings and loan, commercial bank or mortgage company) to finance a borrower’s home or other real estate. The homeowner usually pays the mortgage loan in monthly installments composed of both interest and “principal”. Over the duration of the mortgage loan, the interest component of payments in the early years gradually declines as the principal component increases.

To obtain funds to generate more loans, lenders either “pool” groups of loans with similar characteristics to create securities or sell the loans to issuers of mortgage securities. The securities most commonly created from pools of mortgage loans are “mortgage pass-through securities” (MBS) or “participation certificates” (PCs). MBS represent a direct ownership interest in a pool of mortgage loans. As the homeowners whose loans are in the pool make their mortgage loan payments, the money is distributed on a pro rata basis to the holders of the securities.

Several factors can affect the homeowners’ payments. Typically, the homeowner will “prepay” the mortgage loan by selling the property, refinancing the mortgage or otherwise paying off the loan in part or whole. Most mortgage pass-through securities are based on fixed-rate mortgage loans with an original maturity of 30 years, but experience shows that most of these mortgage loans will be paid off much earlier.

While the creation of MBS greatly increased the secondary market for mortgage loans by pooling them and selling interests in the pool, the structure of such securities has inherent limitations. MBSs only appeal to investors with a certain investment horizon – on average, 10-12 years.

CMOs were developed to offer investors a wider range of investment time frames and greater cash-flow certainty than had previously been available with MBS. The CMO issuer assembles a package of these MBS and uses them as collateral for a multiclass security offering. The different classes of securities in a CMO offering are known as tranches, from the French word for slice. The CMO structure enables the issuer to direct the principal and interest cash flow generated by the collateral to the different tranches in a prescribed manner, as defined in the offering’s prospectus, to meet different investment objectives.

THE HIGH CREDIT QUALITY OF CMOS
The Government National Mortgage Association (GNMA, or Ginnie Mae) an agency of the U.S. government, along with U.S. government-sponsored enterprises (GSE) such as the Federal National Mortgage Association (FNMA, or Fannie Mae) or the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), guarantee most MBSs. Ginnie Mae is a government-owned corporation within the Department of Housing and Urban Development. Fannie Mae and Freddie Mac have federal charters and are subject to some oversight by the federal government, but are publicly owned by stockholders.

Fannie Mae and Freddie Mac issue and guarantee pass-through securities. Ginnie Mae only adds its guarantee to privately issued pass-throughs backed by government issued (FHA and VA) mortgages. Fannie Mae and Freddie Mac have issues CMOs for quite some time; the Department of Veterans Affairs (VA) began to issue CMOs in 1992, and Ginnie Mae initiates its own CMO program which began in 1994. Securities guaranteed or guaranteed and issues by these entities are known generically as “agency” mortgage securities. The agency guarantees enhance their credit quality for investors. In addition, the mortgages backing Fannie Mae and Freddie Mac mortgage securities must meet strict quality criteria. Those backing GNMA pass-throughs are underwritten in accordance with the rules and regulations of the FHA and the VA, which insure them against default.

The extent of the agency guarantee depends on the entity making it. Ginnie Mae, for example, guarantees the timely payment of principal and interest on all of its mortgage securities, and its guarantee is backed by the “full faith and credit” of the U.S. government. Holders of Ginnie Mae mortgage securities are therefore assured of receiving payments promptly each month, regardless of whether the underlying homeowners make their payments. They are guaranteed to receive the full return of face-value principal even if the underlying borrowers default on their loans. Mortgage securities issued by the VA carry the same full faith and credit U.S. government guarantees.

Fannie Mae guarantees timely payment of both principal and interest on its mortgage securities whether or not the payments have been collected from the borrowers. Freddie Mac also guarantees timely payment of both principal and interest on its Gold PCs and CMOs. Some older series of Freddie Mac PCs guarantee timely payment of interest, but only the eventual payment of principal. Although neither Fannie Mae or Freddie Mac securities carry the additional full faith and credit U.S. government guarantee, the credit markets consider the credit on these securities to be equivalent to that of securities rated triple-A or better.

Some private institutions, such as subsidiaries of investment bank, financial institutions and home-builders, also issue mortgage securities. When issuing CMOs, they often use agency mortgage pass-through securities as collateral; however, their collateral may include different or specialized types of mortgage loans and/or pools, letters of credit and other types of credit enhancements. These private-labeled CMOs are the sole obligation of their issuer. To the extent that private-label CMOs use agency mortgage pass-through securities as collateral, their agency collateral carries the respective agency’s guarantees. Private-label CMOs are assigned credit ratings by independent credit agencies based on their structure, issuer, collateral and any guarantees or outside factors. Many carry the highest AAA credit rating.

As an additional investor protection, the CMO issuer typically segregates the CMO collateral or deposits it in the care of the trustee, who holds it for the exclusive benefit of the CMO bondholders.

For the above reasons described, CMOs are considered by a select few platforms to be an asset that is easy to validate and prove ownership. In addition, the trading platform is able to be added as the CMOs Beneficiary allowing for the appropriate financing lines to be obtained. The result is a CMO asset that can be purchased for pennies on the dollar with nominal returns and subsequently placed and traded successfully in a Private Trading Program with yields the owner once only dreamed of.

Building A Poultry Shed The Cost Effective Solution For Raising Chickens At Home

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Once you have decided that you are going to buy and look after some chickens the next stage before getting them is building a poultry shed for them to live in. You can of course buy poultry sheds, but this has many downsides, they generally come in flat-pack form (so need assembling anyway), they are a mass produced product and can work out very expensive and you rarely get one that suits your needs. When you build a poultry shed you get a far better quality chicken coop that will tick every box.

By looking after and protecting your chickens in the right way they in turn will look after you by providing you with a constant flow of healthy nutritious eggs for you and the whole family.

Predators can play a major part in chicken keeping and should not be overlooked or underestimated. Sadly by their very nature and make up your hens can appear as a very tasty food source to a variety of predators in your area.

This is yet another factor that they will benefit from by you building a poultry house for them. You will be able to custom build their home to incorporate features that will keep your hens safe and worry free.

Chickens are not only practical to keep due to the resources they can provide you with, but they are also friendly and easy to get along with and look after. One thing to keep in mind is that they will not just be around for five minutes and will be alive for years to come so by giving them an equally sturdy accommodation in the first place will save you time and money in the future by not having to continually upkeep and maintain their housing.

Try not to cut corners when building a poultry shed as this will also give you an inferior chicken coop. You will not only gain a great sense of accomplishment from building a poultry shed, but by involving family members can be a great project for all involved. When the time comes to move the chickens into their new home not only will you be very happy, but they will too.

Anastasia Gubarieva – A Professional Real Estate Supervisor

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Anastasia Gubarieva has worked as a real estate agent in Los Angeles and surrounding areas. A skilled negotiator and a dedicated professional, she has been working hard to provide her clients with prosperities that offer the best value for their money. She believes that anyone looking for a good property should be able to find it at a genuine price. By maintaining a varied portfolio of properties in Las Vegas and surrounding areas, Anastasia Gubarieva offers her clients with choice and probability to find the property of their dreams. She is a hardworking real estate manager. Her skills in selling and managing properties have been appreciated by her peers and she has also guided many newcomers in the field on how to get leads and how to manage their properties in a professional manner. She believes that with her dedication and focus, she will make her mark in the real estate industry.

Anastasia Gubarieva