1) County requirements for disposal of debris and garbage must be followed. You can find the guidelines and other important information on the Solid Waste Authority website: http://swa.org

2) Garbage containers cannot be placed out in view of the community until after 5:00pm the night before collection

3) Vegetation can be placed out for collection the prior day before collection but never any  earlier. (Note: During the time of this notice vegetation is picked up on Fridays so Thursday is the earliest it can be visible to the community and placed out by the street for collection.)

4) Once collection has occurred it is the homeowners’ responsibility to have any remaining debris collected by the county or another resource so that the community does not have to continue to see the debris sitting by the street for several days.

Suggestions:

1) Make sure your landscaping maintenance company removes all clippings and debris from the community when they have completed their work.

2) Change your landscaping company day to mow and trim so that they perform their work the day before collection in the future so that the debris will be picked up the following day

3) If you know you will have excessive debris to collect, hire a company who will remove the debris once they are finished. This is for the hurricane season trimming of trees or major landscaping removal and replanting projects.

Enforcement:

The Board of Directors has established this Garbage and Vegetation Disposal Policy at its meeting held on Wednesday October 12, 2011. This policy is now in effect.

Should any homeowner/resident violate the policy, a fine will be imposed without notice for the first violation in the amount of $25.00.

If after the first day the violation continues a fine of $25.00 per day will be imposed until the violation is cured.

If a second violation of this policy occurs, a $50.00 fine will be imposed, and if the violation continues, $25.00 per day until the violation is cured.

If a third violation of this policy occurs the fine will be $100.00 for this violation and subsequent violations of the policy and $25.00 per day until the violation is cured.

The homeowner will be entitled to a hearing with the fining committee should you want to request to plead your case on why you did not comply with the policy.

Your neighbors thank you.

Elections for the Board of Directors for 2012 will also be held at this meeting. Please make your vote count either in person or if necessary, by proxy. Proxy forms will be mailed to your homes 2 weeks prior to the meeting.

Any suggestions for the improvement of our community will be solicited at the meeting. Show your pride and participate in our HOA. Your property values depend on it!

What is Spyware?

The term “spyware” is broadly defined as any program that gets into your computer without permission and hides in the background while it makes unwanted changes to your user experience. Spyware is generally not designed to damage your computer. The damage it does is more a by-product of its main mission, which is to serve you targeted advertisements or make your browser display certain sites or search results. At present, most spyware targets only the Windows operating system (Internet Explorer).

To be fair, spyware can be harmless, for example tracking cookies don’t do much. While such things infringe on your privacy, they don’t really harm anything. Others, however, are extremely dangerous.

So what do you do about it?

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Springs and flags for repairs to all Boca Bay mailboxes were purchased and paid for by our reserve HOA funds. This did NOT result in an additional assessment.

The spings and hinges were replaced on Saturday, 9/3.

If your mailbox is in need of additional repair and/or painting, you will be able to arrange for scheduling and payment directly with the Beautiful Mailbox Co. at 305-403-4820.

But how do you do that? The first step is to find out what is written on your credit report. Is everything there correct? Should there be discrepancies, send a letter to the credit agency together with the supporting documents. That way, they can make the changes and this will be reflected on your credit report.

If there is nothing wrong with the report and you have a problem paying your creditors, it is best to inform them at once so they know what is going on and a deal can be struck. To them, they would much rather that you pay a certain amount rather than nothing each month.

This is because even if they can take the matter to court and they do win, you will still not have enough money to pay for what you actually owe them and in the end, they do not get anything out of it.

The agreement you struck must be made in writing so you have something to show in your defense should any problems arise in the future. Since they will keep their part of the bargain, just make sure you do your part.

To do that, you need to create a budget and make sure you are saving enough money to what you agreed to pay. You may have to cut down your shopping expenses and eating out for quite some time. Whatever you earn should be used only for the essentials like bill, gas and groceries.

Minimize the use of your credit card. As much as possible, pay for items with cash. If you need to use your credit card, monitor how much you can only spend monthly so the money you already owe does not get any bigger.

If you have more than 4 credit cards, try cutting them down to only two. The ones which should go are the ones that have high interest rates and those that were less than 6 months old.

At the same time that you are paying off your debt, it will be a good idea to get a secured credit card to continue building up your credit history. This type of card is unique because you already have the funds in the bank and this will just be deducted every time this is swiped in a card terminal.

Since banks will not give you a loan when you need cash, join a credit union.

You will soon have a good credit rating if you are able to stick to the plan for the next few months or years. Remember, your payment history has the heaviest impact on your credit score.

Credit repair is being able to pay what you owe gradually is much better than filing for bankruptcy. This is because it will be on your credit for the next 10 years so why put yourself in that situation when you can do something to change it now. All it takes is some will power and guts to face it head on.

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The credit report carries the credit score, which is a numeric ranking usually between 300 and 850. Several lenders use the credit score to help them decided whether you are worthy of a credit. More so, the score is also used to determine your capability of paying a loan. The credit report is important and cleaning or maintaining a good credit report is vital to your financial survival.

A Look inside the Credit Report

In a credit report, the first entry is normally your personal information. It includes your name, listed telephone number/s, previous and current addresses, reported differences of your Social Security Number, past and present employer and the date of birth.

The information regarding your credit accounts follows your personal information entry. This is also listed in detail and normally includes loans, the maximum loan amount, and information of any joint account holders or co-signers. The credit report also incorporate a section, called Inquiries, which lists any person who has recently requested a copy of the credit report.

There are some states, wherein the credit report contains public record information. This information can feature overdue payments, bankruptcies or other judgments in the court. Normally, these entries can last for up to ten years and may affect your chances of obtaining a loan negatively.

How to Start

Firstly, in order to clean your credit report, you will need to order a copy of the report. You must determine what is out of date or inaccurate, after which you can submit a letter to the bureau requesting fixes to the information. This process may take a long time and you may be required to do several follow-ups with each bureau before achieving a clean credit report. However, to perform this correctly, you must be aware of the information the credit agencies are allowed to report and the duration.

Ordering a credit report can be easily done and accessible to everyone, since at least one free report can be obtained by the consumer each year; this rule is also included under the FCRA or Fair Credit Reporting Act. More so, the consumer is also allowed to obtain a free copy of his or her credit report each year from each of the three major companies handling credit reporting, namely the Experian, TransUnion, and Equifax. However, in case you have already obtained a copy of your credit report this year, you may be required to pay an additional fee if you want another copy. You can order your credit report from: http://annualcreditreport.com for free.

Once you have obtained your report, review it carefully. Every detail must be inspected since bureaus can sometimes confuse names, addresses or employers. Most often, people who have common names have credit reports that may contain information on other variations of their name.

Additionally, it is important to perform a periodic check on the credit report. It is advisable to order a copy of the report once a year and dispute any possible inaccuracies. Always take careful steps in handling your payments and make sure not to make any late payments. Time is of the essence and even minimum payments should not be neglected. Remember that carefully managing your credit can add as much as fifty points to your credit score per year.

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Sincerely,
Marty, Sveta, Mandy and Nikita

Many mortgage refinance financial lenders tend to prey upon the idea of utilizing the equity that has been piled up in your house to be able to pay off your credit cards. Others will actually just combine this with some type of a cash-out pitch. While this initially might seem tempting, it’s not actually the perfect idea. Although home refinance mortgage rates may end up being lower, and you very well may end with a little extra money monthly, over the long run you might pay more in terms of interest charges since you are paying the refinance home go back over such a long period of time (most people get a mortgage refinance with a 30 year term).

Besides that, even though you’ll be able to regain that additional money monthly using a mortgage refinance, it doesn’t really offer you much good until you are going to place it into some type of family savings. Otherwise you are always destined to be just living from paycheck to paycheck. Also, if you end up getting another outstanding credit card balance, you’ll find yourself utilizing your property as collateral resistant to the home refinance, which rarely ends in a good way.

A property mortgage refinance can certainly turn into a good idea, though. The important thing for this using some smarts when you go about the mortgage refinance process in order that you are in fact working to really stretch your budget. In this way it is possible to hold much more of your individual hard earned finances, and less of it ends up going to your interest. The main rule of thumb when getting a home refinance loan is to take action only once the going rate is the vast majority a point lower than the interest rate you now have.

In this way the fees and costs that possibly be linked to the paperwork and redoing the home refinance loan will probably be worth the cost. Also, make absolutely certain that you are getting yourself a fixed rate. In case your current loan ends up having a fixed rate which is much more than whole point more than a new variable rate for instance, it can mean really not so good news if the rates of interest end up increasing.

Should I Refinance my Mortgage?

Instead of just obtaining a home refinance on a 30 year loan, you ought to be looking to get yourself a 15 year mortgage instead. This is a simply amazing way to save some thousands of dollars in interest. The monthly bills on your mortgage refinance may increase by $50-$150, but in the long run you will be savinga huge amount of money. Which is quite a bit of money you could utilize in retirement as another example, instead of allowing it to navigate to the bank for a few extra years. Plus, most financial lenders will offer lower rates for home refinance loans that have a shorter period of time attached with them.

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If you are a homeowner going through the foreclosure process, you have the right to stop the foreclosure and save your home up to and until the upset bid period expires by either paying the lender the money owed or working out an alternative to foreclosure with the lender. 

For more information about Charlotte foreclosure and foreclosure alternatives, please visit:  http://zellersrudd.com/areas_of_practice/charlotte_foreclosure_alternatives.aspx

Prior to founding Zellers Rudd PLLC, Dan Zellers and Scott Rudd worked together in the real estate finance group of some of the top international law firms in the nation. They represented large national banks and servicers in multi-million dollar commercial property transactions as well as multi-billion dollar commercial loan securitizations. These transactions included the negotiation of large servicing contracts as well as conducting large commercial loan transactions, loan assumptions, defeasances, parcel releases, and other consent matters on large commercial properties located all across the nation. In addition, their work prior to that has afforded them extensive experience in all aspects of residential real estate and residential real estate transactions including loan closings, foreclosure, landlord-tenant law, work with homeowners’ associations, default judgments and private transactions.

For example, say you walk away on a $200,000 mortgage balance and the bank forecloses. If it then sells the property for $125,000, you still owe $75,000 – and in many cases the bank could pursue you in a lawsuit for payment of this deficiency. The reality is that in the current real estate collapse such lawsuits do not appear to be happening very often, because the banks – and the courts – are so overwhelmed with underwater mortgage cases already. There simply is not enough bandwidth for banks to “go after” everyone who walks away. The Goal of Strategic Default If you choose strategic default, your goal is twofold: you want to dispose of the underwater property while at the same time protecting your other assets from being pursued by the bank to cover the deficiency. In this two part objective, walking away and disposing of the property is the easy part – whether it is a short sale, a deed in lieu of foreclosure, or a foreclosure, you CAN get rid of the property. The hard part is evaluating the risk to your other assets, and that is where you must clearly evaluate the entire situation you face.

While it is certainly possible that a snap decision to stop paying and walk away could work out in your favor, if you have other assets to worry about, it pays to be as careful and rational as you can in making the decision for strategic default. The Risk and Reward of Strategic Default Borrowers who choose strategic default are effectively making a bet on the willingness of the bank to sue them for deficiency. They are betting that the bank would rather get the bad loan off the books, get as much cash as they can to cover it, and then be done with the borrower. A well-prepared strategic defaulter is likely evaluating the decision on whether to make the bet based on a number of questions, including:

* How important is disposing of this property to my financial future? And to my emotional future? (If the situation is causing me major emotional distress, which it is for so many.)

* Do I have a lot of other assets, making me look like an attractive target for the bank to single out and pursue for a deficiency judgment?

* How big is the mortgage and how far underwater am I? i.e., does the size of the bank’s expected loss make me a “big fish” in their loan portfolio and worth pursuing for a deficiency judgment, or am I small enough not to be worth their time and legal expense?

* How bad is the real estate market in my area? Are the courts already so jammed with foreclosure and deficiency cases that the bank realizes it will be years and a lot of legal bills before they even have a chance to get a deficiency judgment against me?

* Can I make a good hardship case for why I am walking away, thus either convincing the bank to simply let me go, or at least making it realize that a sympathetic court is likely to rule in my favor against “the big bad bank” if they pursue me?

If you are wondering whether strategic default is appropriate for your underwater mortgage, you are right to be asking questions and getting a clear idea of what the risks are. There is no single answer regarding strategic default, but if you understand the risks you face, you can make the best decision for your unique situation. Be sure to gain this clarity BEFORE you stop paying your mortgage. (i) – If your mortgage is in “non-recourse” state, you may not be liable for a deficiency.

Paul Stevenson is an expert on strategic default and the creator of the Strategic Mortgage Default System http://www.strategicloandefault.com. This acclaimed program provides a clear, concise, and comprehensive analysis of the risks and rewards of strategic default, helping underwater homeowners and investors determine if strategic default is the right choice for their situation. Paul Stevenson’s work is dedicated to teaching property owners “Everything you need to know BEFORE you stop paying your mortgage.”

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