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96thdayofrage · 4 years ago

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In 1808, Congress banned the importation of enslaved people from overseas, but a domestic slave trade flourished in the United States during the first 60 years of the 19th century. From 1800 to 1860, more than 1 million enslaved people were forcibly moved across state lines, shifting American slavery’s center of gravity steadily southward and westward as slaveholders relentlessly pursued greater profits from cotton and sugar production.

Read: Slavery made America

Slave traders bore responsibility for executing the bulk of this massive forced migration, providing a labor force that made them indispensable to slavery’s expansion and thus to the broader economic development of the country. As conduits for the financialization of enslaved people and their movement across the country, men such as Franklin, Armfield, and Ballard facilitated the systematic extraction of capital from Black labor and Black bodies that circulated around the country and around the world, and that benefited nearly everyone but the enslaved themselves. Their business, which I explore in my forthcoming book, The Ledger and the Chain, utterly belies any notion that slavery sat at the margins of American society.

The domestic slave trade was no sideshow in our history, and slave traders were not bit players on the stage. On the contrary, the trade and its operators were pervasive in American life before the Civil War. They played vital roles in shaping the demographic, political, and economic contours of a growing nation, and we ought not fool ourselves into thinking we have left that past behind. In truth, we still live in the world that Franklin and Armfield’s profits helped build, and with the enduring inequalities that they and their industry entrenched.

In 1828, franklin, a native of Tennessee, and Armfield, a native of North Carolina, signed “articles of co-partnership,” formalizing a business arrangement to work together as dealers in enslaved people. Both had been slave traders for a number of years before they joined forces, but they had in mind a different kind of operation than either had been involved with before. Investing the modern equivalent of roughly half a million dollars between them, they rented a three-story townhouse with an attached walled compound in Alexandria, Virginia, where Armfield purchased, accumulated, and stashed enslaved people. From there, he sent them to New Orleans, usually by ship down the Atlantic coast, into the Gulf of Mexico, and up the mouth of the Mississippi River. Franklin received the shipments there, sold some of the captives in the city, and sent the rest upriver by steamboat to the company’s sales facility and showroom in Natchez.

Franklin and Armfield brought on Rice Ballard, a native of Virginia, as a third partner in 1831. The company stationed him in Richmond, where he worked out of a private jail, purchasing more enslaved people and sending them down the James River to Norfolk, where they were added to the vessels dispatched by Armfield as they headed south.

Within just a few years, Franklin and Armfield was the largest domestic slave-trading operation in the United States, and larger than any operation before it had ever been. The company ran daily advertisements in multiple newspapers announcing that it had “cash in market” and would buy “any number of LIKELY NEGROES.” It had in its employ a small army of purchasing agents and subagents, who bought slaves across more than 20,000 square miles of Maryland, Virginia, and the District of Columbia. It shipped 1,000 to 1,500 enslaved people to the lower South every year, mostly on one of three brigs that composed a private fleet owned by the company. After unloading their cargo, those brigs often brought cotton, sugar, and other commodities back for delivery to merchants from New York to Virginia, opening still another revenue stream for the company. Gross receipts for Franklin and Armfield came to the modern equivalent of millions of dollars annually, measured simply by inflation. Measured as a share of GDP, they came to several hundred million dollars.

Read: How to steal things, exploit people, and avoid all responsibility

Franklin and Armfield succeeded in part because of timing. The first five or six years of the 1830s brought the biggest economic boom the United States had ever seen, and the core of that boom lay in the land, slave, and cotton economy of the lower South. The region’s white population increased by nearly 1 million in the 1830s, encouraged by federal policies that forced Indian nations off the best cotton land on the continent and by banks that flooded the lower South with easy credit and cheap loans. Demand for slaves skyrocketed accordingly, and during the 1830s, slave traders moved about as many enslaved people via the interstate trade as they had in the previous two decades combined. Though Franklin, Armfield, and Ballard might have done well whenever they went into business together, it is unlikely they could have done better than to have started their endeavor precisely when they did.

The company succeeded, too, because its operators concealed the brutality that served as the foundation of their business with efforts to build sterling public reputations. In their correspondence, the partners often referred to themselves as “robbers” and “pirates,” reveling in a kind of roguishness derived from being engaged in an industry that everyone understood was more than a bit dirty and had no room for sentimentality. In their eyes, enslaved people were merchandise, marketable commodities useful solely to the extent that they could be exploited for profit. Franklin and Armfield routinely separated enslaved families; disposed of enslaved people who had died from disease under cover of darkness, lest potential customers shy away from purchases; kept whips and rifles handy to control those they imprisoned and trafficked; and always kept an eye out for young enslaved women who could bring a premium on the market as “fancies” whom white men might want to rape.

At the same time, however, Armfield acted the consummate professional at his Alexandria headquarters. He offered customers and antislavery activists alike a tour and a drink when they appeared in his offices, and he claimed that he always stayed within the boundaries of the law, tried to expose criminals who kidnapped free Black people and sold them into slavery, and looked after the well-being of the people he bought and sold as best he could. Similarly, when slaveholders were unhappy with their purchases, as sometimes happened, Franklin typically preferred to make an exchange or even provide a refund rather than risk a lawsuit. That might have cost him money in the short term, but Franklin believed that having a reputation among white people for straight and dependable dealing would redound to the company’s benefit.

The real key to Franklin and Armfield’s success, in fact, lay in that carefully cultivated reputation, because it brought with it the confidence of the business world, especially banks and bankers. Most slave traders sought quick cash sales, and Franklin was perfectly happy for customers to pay for enslaved people with cash. But he also understood that a slave-trading company known for reliability and volume was a slave-trading company able to gain access to borrowed capital that would pay off more handsomely over time.

So as the company grew in size and renown, Franklin established credit lines with banks from New Orleans to New York, which provided assurance that even if tough economic times came around, he could always, as he put it, “get money when no other Trader can obtain a Dollar.” With that assurance, Franklin could sell enslaved people in the lower South to customers on credit, sometimes in exchange for negotiable commercial paper, and sometimes in exchange for mortgages on the very people he was selling, thus forcing the enslaved to ground the financing of their own sale. He held on to some of the paper and collected the debts it represented when they came due, and some of it he transmitted back east, where Armfield and Ballard turned it into cash to be pumped back into purchasing markets for more slaves.

The company thus trapped enslaved people in an endless financial loop, as confining in its own way as the ships that transported them and the prisons that caged them. And Franklin, Armfield, Ballard, and the legions of merchants, planters, bankers, and others who acted as their accomplices realized profits at every step.

More than anyone in their industry before them, Isaac Franklin, John Armfield, and Rice Ballard demonstrated how to become extremely wealthy from the process, and other men were watching. Though the three partners mostly left the slave-trade business in 1836, dozens of large slave-trading companies followed and built upon the model they pioneered, carrying out the trade for another 30 years, until the Civil War finally put an end to slavery and the slave trade alike.

The capital enslaved people had generated, however, would never come back to its producers.

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creditrepaireaserichmond · 4 years ago

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handeaux · 4 years ago

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Cincinnati’s Violet Honeymooners And Their Scarlet Divorce

The 1903 wedding of Augustine “Gussie” Ogden and Ernest Drewitz was unusual to begin with. It was a private affair, performed by a minister who signed the marriage certificate with a name – A.M. Hawnot – that appears on no other documents, anywhere, ever.

The honeymoon fascinated the public. Mrs. Ogden was a rich and handsome widow, among the wealthiest women in Cincinnati, conservatively worth $400,000 inherited from her departed first husband. She celebrated her second marriage by hiring a private railway car for the trip to Florida. According to the Cincinnati Enquirer [2 July 1909]:

“The car was lavishly furnished and was ornamented throughout with violets, the couple becoming known as the ‘Violet Honeymooners,’ and their car as the ‘Violet Car.’”

Gossips chattered not only because of the provocative and decadent décor, but because of the couple’s precipitous courtship. The marriage was solemnized barely six weeks after Mrs. Ogden had been introduced to Mr. Drewitz.

They met in a Fourth Street music store where Mr. Drewitz was employed selling player pianos. Born in Germany, he arrived in the United States as an ordained Lutheran pastor, assigned to a small congregation in Wisconsin. He was called to Washington, D.C. on a prestigious assignment as pastor of the Lutheran Church of the German Embassy. In this role, he and his wife became friends with President Grover Cleveland and the First Lady. Drewitz’s wife died and he resigned his post at the embassy to lead a congregation in Newport, Kentucky. That congregation disbanded and he found himself in the music business.

Mrs. Ogden was born in Alsace-Lorraine as Augustine Debeneth. Her family came to Cincinnati in 1876, when she was 13 years old. Her father died soon after and Augustine and her sisters took in sewing and taught French to make ends meet. When Augustine was 17 years old, she was introduced to wealthy real-estate magnate Frank Ogden at Lewis Graeser’s dancing school. Mr. Ogden invested wisely and owned some very lucrative addresses. Augustine and Frank married in 1889 and had a brief but happy marriage before Frank died in 1901. In her grief, Mrs. Ogden donated a stained glass window to the Mercantile Library in Frank’s memory. (That window, and a companion, have disappeared under mysterious circumstances.)

Mr. Drewitz was around 50 years old and Mrs. Ogden was 40 when wedding bells rang for the second time. According to repeated testimony, bliss drained out of the marriage even before they returned from their violet Florida honeymoon. The issue was money, although Mr. Drewitz kept trying to introduce saucier grounds. Among his complaints, Gussie continued to introduce herself as Mrs. Ogden instead of Mrs. Drewitz.

Although he testified repeatedly that he had no idea his fiancée had any money, it was revealed that Drewitz had signed a pre-nuptial agreement prohibiting any claim on his wife’s estate and he attempted to have that pre-nup voided. He continually begged for money, raging around the house banging on the furniture and throwing things when she refused. She filed for divorce just before their second anniversary. They patched things up and she withdrew her suit, only to refile it a few months later. Another reconciliation quashed the second suit and the Drewitzes endured a truce for four years by living apart.

Without any hint of irony, Mrs. Ogden bought Mr. Drewitz a farm in Loveland. He remained there all week, visiting her Richmond Street mansion only on weekends, under cover of night to, as he testified, “maintain their marital relations.” His appeals for money continued. He wanted to import goats from Switzerland. One day, Mr. Drewitz went too far. According to the Cincinnati Post [7 April 1909]:

“She advanced him money for a farm, she says, which he bought in his own name, and instead of securing the loans made by her he gave a mortgage on it and she was compelled to pay the notes when they fell due.”

Mrs. Ogden filed for divorce a third time in 1909. Mr. Drewitz countersued and fabricated enough salacious charges to keep Cincinnati’s chinwags busy for months.

Apparently on the basis of a single book on Indian occultism in her library, Drewitz charged that Mrs. Ogden was a devotee of a Chicago mystic named Lauron William De Laurence and was in thrall to him while studying the mystic arts.

It came out in court that Drewitz had spent years paying spies and snitches in an attempt to build a case that Mrs. Ogden was a working prostitute at the time she married Frank Ogden. There may be something to that. It is known that Frank Ogden paid Gussie’s rent for 10 years prior to their marriage. Drewitz offered a reward for nude photographs of her, though none were ever found.

Mr. Drewitz claimed that Mrs. Ogden would leave town without notice and never gave him a key to her house, so that he had to hurry home before 10:00 p.m. when the servants locked up, or be barred from his own residence.

He claimed that she objected to his friends calling on the telephone because the telephone belonged to the Ogden estate and was not a Drewitz instrument.

Despite airing all the dirty laundry, Judge John A. Caldwell refused to grant a divorce, ruling:

“The contracting parties to this controversy were not young and inexperienced people, who might not realize the sacredness of the obligation they had entered into. They were both mature and had experience, and were of sound mind and understanding.”

Undeterred, Mrs. Ogden filed suit again a year later and was granted a divorce by Judge Almon M. Warner, who denied Drewitz’s request for alimony, calling his slanderous attacks on Mrs. Ogden despicable.

As for the victorious Mrs. Ogden, she spent the remainder of her life supporting feminist causes, encouraging women to vote and run for office, and lobbying for streamlined divorce laws. She wrote a couple of novels and produced a couple of silent movies that, based on the reviews, are mercifully forgotten these days. She died in 1945.

Mr. Drewitz moved to Chicago and got into real estate sales. He died in 1936.

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averymosciskius · 5 years ago

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Capital Square 1031 Launches All-Cash DST Offering of a 100% Leased Medical Facility in Augusta Georgia

AUGUSTA, Ga. (Feb. 4, 2020) – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced today the launch of CS1031 Augusta MOB, DST, a Regulation D private placement offering primarily for investors seeking 1031 exchange replacement property. The offering is comprised of a 30,548-square-foot orthopedic clinic in Augusta, Georgia, that was acquired by the DST in an all-cash, no debt, transaction.

“There is unprecedented demand for specialized medical facilities,” said Louis Rogers, founder and chief executive officer of Capital Square. “Because the need for medical services is not correlated to the general economy, medical properties have proven to be recession resistant. Capital Square’s medical properties are very popular among 1031 exchange and other investors seeking a recession-resistant, stable asset class. Moreover, this offering was structured on an all-cash, no debt, basis for investors who do not need or want debt for their Section 1031 exchange, thereby removing the mortgage repayment risk.”

Located at 1706 Magnolia Way, the facility is comprised of a 30,548-square-foot orthopedic clinic which includes 18 exam rooms, a dual X-ray suite, designated waiting areas, a physical therapy center, an MRI suite and space to expand for practice growth. Constructed in 2009 and situated on 1.88 acres of land, the building is 100% leased on a 12-year triple net lease to Champion Orthopedics, a provider of orthopedic and musculoskeletal care; specialized sports medicine treatment; orthopedic surgery; physical therapy and rehabilitation services; and diagnostic imaging.

“This medical property was purchased on desirable economic terms, with annual rent increases and a triple net lease in place where the tenant is responsible for taxes, insurance, maintenance and repairs, thereby reducing future inflation risk,” said Whitson Huffman, senior vice president and head of acquisitions. “The combination of a favorable entry capitalization rate, annual rental increases and a triple net lease make this a very desirable investment for Section 1031 exchange and other investors seeking potential income and profit.”

According to the Centers for Medicare and Medicaid Services, health spending increased by 4.6% in 2018 to reach $3.6 trillion and accounted for 17.7% of gross domestic product.

Collin Hart of ERE Healthcare Real Estate Advisors represented the seller in the transaction.

Since inception, Capital Square has acquired 101 real estate assets for more than 2,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code.

About Capital Square 1031 Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Capital Square has completed more than $1.87 billion in transaction volume. Capital Square’s executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. In 2017, 2018 and 2019, Capital Square was awarded by Inc. 5000 as one of the fastest growing companies. In 2017 and 2018, the company was also ranked on Richmond BizSense’s list of fastest growing companies. In 2019, Capital Square was listed by Virginia Business on their “Best Places to Work in Virginia” and “Fantastic 50” reports. To learn more, visit www.CapitalSquare1031.com.

Disclaimer: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses.

Via https://www.capitalsquare1031.com/capital-square-1031-launches-all-cash-dst-offering-of-a-100-leased-medical-facility-in-augusta-georgia/

source https://capitalsquare1031.weebly.com/blog/capital-square-1031-launches-all-cash-dst-offering-of-a-100-leased-medical-facility-in-augusta-georgia

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deniscollins · 6 years ago

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Wells Fargo Says Its Culture Has Changed. Some Employees Disagree.

If you were a Wells Fargo sales employee, what would you do if your manager asked you to send customers mortgage documents even though the interest rate or fee calculations were incorrect — resulting from missing paperwork — so the team could record that the documents were sent out quickly. When you questioned this, the managers said don’t worry because another set of documents would be sent to the customer after the missing paperwork came in with the correct calculations: (1) obey boss and send out paperwork with incorrect information to meet goals or (2) refuse to do so? Why? What are the ethics underlying your decision?

Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Its top executives say that because they have eliminated the aggressive sales targets that spurred bad behavior, the bank’s culture has changed.

Many employees say that is news to them.

There is no evidence that employees are secretly opening accounts in customers’ names or tricking them into buying unnecessary auto insurance, as some did in the past. The bank has altered how it pays workers and added safeguards to catch bad behavior.

But Wells Fargo workers say they remain under heavy pressure to squeeze extra money out of customers. Some have witnessed colleagues bending or breaking internal rules to meet ambitious performance goals, according to interviews with 17 current and former employees and internal documents reviewed by The New York Times.

In Des Moines, where the bank — the nation’s fourth biggest — has a large debt-collecting operation, workers in December were expected to handle at least 30 calls an hour and recoup $34,000 in unpaid credit-card and other debts for the month. In January, the targets rose to 33 calls an hour and $40,000, goals that many employees there failed to attain, according to internal records.

“For us front-line workers, there’s an overwhelming sense of frustration,” said Mark Willie, who works in the Des Moines office and is part of a group, the Committee for Better Banks, trying to unionize Wells Fargo employees. “There is a general fear of retaliation for speaking out.”

Two mortgage-processing employees in Minneapolis said managers pressured their team to send documents that they knew contained incorrect information to borrowers to meet internal deadlines.

In a survey of more than 27,000 employees in the bank’s information-technology department late last year, top concerns included their ability to raise grievances with managers and whether “Wells Fargo conducts its business activities with honesty and integrity.” Workers recently flooded the bank’s internal blog with hundreds of angry comments about Wells Fargo’s sales incentives, pay and ethics and leaders’ “doublespeak,” according to screenshots of the blog reviewed by The Times.

Wells Fargo executives said in interviews that the bank’s culture had improved and that fewer bank employees had direct financial incentives to sell products to customers.

“Our entire system of how we pay, coach and develop team members is designed to focus on customer experience and customer outcomes,” said Mary Mack, Wells Fargo’s head of consumer banking. “Things have changed a lot.”

Ms. Mack said none of the debt-collecting employees in the Des Moines group had lost their jobs last year for not meeting the goals. She declined to comment on the Minneapolis mortgage processors, but said the bank investigates employees’ allegations.

Wells Fargo was regarded for years as one of America’s best banks. Then, in 2016, its pattern of wrongdoing became public. The bank admitted that employees had opened as many as 3.5 million phantom accounts in customers’ names to meet stratospheric sales goals. It also admitted forcing customers to buy unneeded auto insurance and charging improper mortgage fees.

The scandal has been costly for Wells Fargo. Its chief executive was pushed out. The bank has paid more than $1.5 billion in penalties to federal and state authorities, and $620 million to resolve lawsuits from customers and shareholders. Most painful, the Federal Reserve punished the bank in February 2018 by prohibiting it from expandinguntil it cleaned up its culture and internal checks and balances — a restriction that remains in force.

The Fed has said that before it will lift its constraints, Wells Fargo must devise a plan to ensure that the deceptive practices won’t happen again. Once the Fed signs off on the plan, the bank must demonstrate significant progress and win approval from an independent reviewer. The bank is still negotiating the details of the plan with the Fed. Its chief executive, Timothy J. Sloan, has twice pushed back his estimate for when the restrictions will be lifted.

On Tuesday, Mr. Sloan will testify to a congressional committee about the bank’s progress at overhauling its culture.

At the heart of its rehabilitation efforts, Wells Fargo said, it has changed how it motivates employees. No longer will they be individually rewarded for reaching sales targets, or punished for falling short. Branch workers were told that their primary job is to serve customers, not sell them things.

But the sales incentives have changed, not disappeared, according to the current and former employees, who work in branches, loan-processing centers and other parts of the bank. (Most spoke on the condition of anonymity to protect their jobs in the industry.)

In the past, branch workers were eligible for bonuses if they persuaded customers to apply for a credit card or to take out a loan.

Now, employees are urged to refer prospects to salespeople in the bank’s mortgage or wealth management division, and some branch workers are eligible for bonuses if those referrals turn into sales, multiple employees said.

“Some retail bank positions or more experienced bankers might be eligible to be rewarded,” Ms. Mack said. “The pressure element is not there, but the opportunity to reward team members is.” She said sales weren’t the only factor that influenced bonuses.

In addition, most branch employees can get bonuses based on their branch’s overall performance.

A. J. Bula, a former branch employee in Richmond, Va., said his managers had criticized him when he failed to generate enough customer referrals to the sales team. The sales-oriented culture “was still there,” said Mr. Bula, who left Wells Fargo in July. “Just get someone something.”

A personal banker who works in a North Carolina branch said his manager had told him to increase his referrals to the bank’s mortgage team and financial advisers. He said he had ethical qualms about trying to sell more products to his customers, who are mostly college students and retirees with limited money.

For salespeople, the goals are even more explicit and detailed.

One former salesman, who sold credit-card-swiping terminals to businesses on the East Coast, shared his 2018 performance plan with The Times. It might look familiar to anyone who works in a sales-oriented job.

The salesman was required to book at least 15 sales meetings a week. For every 30 opportunities he logged, 10 needed to result in a sale. His calendar had to show regular meetings scheduled with Wells Fargo branch managers, whom he was told to lobby for introductions to potential customers.

The salesman said that when his managers had wanted him or his colleagues to ratchet up their sales, they had used coded language: “We’re not helping enough customers.” He quit last summer because of the relentless pressure to hit his targets.

Another Wells Fargo salesman, who said he had also left because the sales pressure had been too intense, confirmed his colleague’s account and said he had received similar performance targets.

Ms. Mack said only 20 percent of equipment sellers’ compensation was based on their sales performance.

In another division of the bank, which handles mortgage applications, several employees said managers dangled rewards to get them to process loans faster.

In previous years, workers got bonuses if they processed 25 mortgage applications a month, getting all the necessary documents in order, verifying borrowers’ sources of income and sending out paperwork. Then the target was raised to 30. At the beginning of 2017, it went up to 35. (Mark Folk, a bank spokesman, said the increase had stemmed in part from the introduction of technology intended to speed up the process.)

The employees said the intense pressure led some workers to break the rules.

In one Wells Fargo office in Minnesota, two current employees said managers sometimes asked them to send customers mortgage documents even though the interest rate or fee calculations were incorrect — resulting from missing paperwork — so the team could record that the documents were sent out quickly. In those instances, the employees said, another set of documents would be sent to the customer after the missing paperwork came in and the calculations were corrected.

Ms. Mack said that, starting in January, the bank had stopped paying bonuses based on hitting mortgage-processing goals.

Employees’ frustrations with the bank extend beyond the pressure to keep hitting lofty targets.

Melissa Kinnard, who worked in Minneapolis as a financial adviser, said the company had sometimes pushed her and other brokers to steer clients toward investments that would generate recurring fees for the bank, including in a case where “it was not in the client’s best interest.”

Frustrated by what she saw as the bank’s culture, Ms. Kinnard quit in January.

Days later, the bank sent a letter to her clients, in her name, announcing that she would be teaming up with another Wells Fargo employee to handle their accounts. The Jan. 29 letter, reviewed by The Times, falsely indicated that Ms. Kinnard still worked at the bank and that she endorsed the other employee’s credentials.

Ms. Kinnard repeatedly asked the company to retract the letter. It didn’t.

“That letter went out in error,” Mr. Folk, the bank spokesman, said on Friday. “We apologize for the mistake.”

Many Wells Fargo employees are also upset about what they said was a drop in their compensation after the bank phased out many of its old sales bonuses.

On the company’s internal blog in January, Patrick Timmons, who works in Minneapolis on resolving customer complaints, accused Wells Fargo’s executives of trying to “string us along with an endless series of platitudes and doublespeak.”

While the bank’s leaders receive “obscene pay packages,” its rank-and-file workers are struggling, he wrote. (Wells Fargo’s chief executive, Mr. Sloan, was paid more than $17 million in 2017, up 36 percent from the year before.)

“I completely agree,” a teller in Miami responded. The teller said there was “a disconnect between corporate and branch/officer workers.”

Alex Ross, a bankruptcy specialist for Wells Fargo in Minneapolis who is also an activist for the Committee for Better Banks, stood up at Wells Fargo’s annual shareholder meeting last April and told Mr. Sloan that many employees felt unable to speak frankly with their managers about problems. He said that some feared that they would face retaliation if they complained.

“Candidly, we need to hear from our team members more often,” Mr. Sloan responded. “I don’t want you to think that we are not listening. We absolutely are.”

Mr. Ross said in an interview that he hadn’t seen any change since then in the way workers were treated.

“There’s a sense among the workers that most of the reforms the bank has made are very superficial and only being done for P.R. reasons,” he said.

#Wells Fargo

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assignmentsalelistings · 2 years ago

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Condo Assignment Sale in Brampton

Brampton is a place where our population is well planned to fulfil the needs of different age groups. The town range of condos available in Brampton is vast, so you can always find the one that suit your and your family needs.

A new era of location independent lifestyle has started with pre-construction assignment that are creating various residential condo projects on both sides of Yonge Street in border cities such as Markham, Vaughan and Richmond Hill.

In the real estate industry, condominiums sellers would like to assign their sale to a third party owner. This website is providing information about the assignment condo sale process in Brampton and what you need to consider.

There are lot of condos for sale in Brampton, whether it's a condo for sale in Downtown Brampton at Sheraton or Downtown Sales Office Tower, East Gate or Queensway Towers or some of its other buildings.

The first thing to do is find out how much the unit cost its new owner from the assignment contract. Once you know how much they have to take out their own loan, you can inquire with creditor whether they will allow this proposed new loan and make sure that it won't have an impact on their mortgage balance. It would be best if the new assignee can get a financing term at least as long as the original purchase term so there would be only one repayment schedule for both loans

In Canada, buyers are flocking to pre-construction condos just because of the convenience they offer. This is specifically the case for GTA condo assignment sale which has clients lining up in long lines. Up to date numbers report that a total 2117 units were sold. The truth is that other cities are seeing an absence of pre-construction projects and Mississauga has a lot on their hands with new developments.

The majority of these penthouses have better amenities than those condominiums already built and that isn't always the case for most building under construction. It's important for first time condo buyers to know what they're signing up for with being assigned unsold property in Brampton or even Downtown Toronto.

However, there are few details about this variant and many people still have confusion about it.

As demand grows, pre-construction assignments will likely surge in to maintain the high demand.

Realtors are eager to welcome these innovations — assignments help them reach a goal of increasing their clientele and benefitting from a successful sale.

Condo assignments are a legal way to buy or sell your unit. Some condos require owners to assign or sell their units before they can sell them in the market.

This is especially appealing to buyers looking at real estate in new condo inventories with compelling pricing and design elements. The condo can be sold like any one else after the assignment process goes through successfully.

Long waiting for condo assignment sale in brampton? Here is what you need to know. There are many condos in Brampton. Each luxury condos generate a number of assessment, security, and taxes for the city. Ask yourself, are you familiar with all the benefits of living in these residential areas? How can you participate in the process of condo assignment sale in brampton?

#condo assignment listing in toronto #assignment sale detached home

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massielandnetwork · 4 years ago

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Important Economic Trends During Anarchy

2021 – Let the Games Begin

6. A Christian Secession – Priny’s Castle

65 days into the Demented Marxists’ coup, here are some quick observations of events that will impact our economy:

1. The 10-year Treasury hit a new high for the last 12 months when it closed at 1.626% last week. One mortgage broker told me the residential mortgage market froze that day and his mortgage brokerage company raised their 30-year fixed rate loans from 2.75% to 3.25%. That took some of the home buyers out of the market and is a warning sign.

2. Voting on party lines, the Democrats passed the $1.9 Trillion “Virus Relief Bill” in which only 9% provided any relief to Americans. Did your friends in California, Illinois, and New York whose state government debt and pension funds just became everyone else’s debt to pay, send you a thank you card. No, I did not get any.

3. Also voting on party lines, the Democrats passed HR-1 with no hearings and little debate. This bill legalizes all of the vote fraud “techniques” used by the Demented Marxists (DM) to “win” in November. Who will be the first Democrat/DM to reach 1 Billion votes in a country of 330 Million folks? Watch for it.

4. The Department of Homeland Security (DHS) reported the number of illegal immigrants that crossed into the USA in February exceeded 101,000. Many were wearing Biden T-shirts. Bidenharrris reinstituted the Obama “Catch and Release” policies that considered 15,000 per month a crisis allowing Biden to beat Obama’s record. One Texas Sheriff has stated that the Biden administration is actively recruiting illegals denied asylum under Trump. The Texas Governor has called out the National Guard and DHS has asked for “volunteers” to go help the border patrol.

But the DHS Secretary insists “This is not a crisis” even with 3 times the number of “Kids in Cages” as happened under Trump. Surprise, the propaganda mills ignored the whole situation. Apparently, under DM logic this situation would only be a crisis if you happened to give a D**n about illegal immigration and its negative effects on Americans. DMs do not care, so there is not a crisis.

5. State of the Union – Did you watch it in February? Since it was not held, either (1) the faux president (fp) was not able to string enough coherent sentences together to give a one hour State of the Union speech, or (2) the DM consider the Clinger Deplorable Chumps, a/k/a peasants, unworthy to know what is happening. My vote is both.

6. Note this Democrat “Insurrection”. Iowa’s 2nd District House of Representatives office was won by a Republican by 6 votes. Her election has been certified. But the Democrats in the House refuse to seat her. DMs continue to play by their own set of rules which assume the law applies to everyone but them. Actually, this means is there are no rules.

7. Democratic Socialists of America (DSA) take control of the Nevada Democratic Party – The DSA self describes as communist. The new Chair of the Nevada Democratic Party, Judith Whitmer, and several individuals elected to leadership positions in the Nevada Democratic Party are actively DSA. It is refreshing to have a confirmation that the Democrats are Marxist/communists. When does this happen in Virginia?

Pelosi’s Castle: Did you see that the Pentagon has approved another $500 million to have the National Guard patrolling for another two months the fenced off former United States Capitol. That suggests that the cost of protecting faux elected officials against phantom attacks will be at more than $1 Billion. Now Pelosi wants to replace the temporary fencing, etc., with, permanent structures and military guards. Is the American Taxpayer going to pay to transform the former “Capitol” into “Nancy’s Castle” making her the Princess? Her nickname now … “Priny”.

It would be so much less expensive to just not commit vote fraud. That would have saved $1 Billion. Sorry, I forgot, we are currently controlled by DMs and “Priny” wants to have a castle so she can safely eat her designer ice cream while viewing the White House (now a nursing home) where the fp lives. When did the lord of the castle ever care about the use of the peasants’ tax money? Priny says “Let them eat cake, I have my designer ice cream.”

Meanwhile the American economy is similar to a diabetic on a massive sugar high just before the sugar crash hits. Oil prices have almost doubled and gas prices have increased approximately 20% since November 4, 2020. That is the equivalent of a huge tax increase for the average American (the DM’s peasants). The Fed appears to be controlling the 10-year Treasury market, but those rates still increased from 0.65% on November 4 to 1.55% today, approximately a 120% increase. Mortgage rates have increased from 2.75% to 3.25% just last week marking the peak of this real estate cycle.

One of the best leading indicators and economic growth engines in America is the new home construction industry because new home sales ripple through about one third of the American economy. Residential sales are very highly correlated to mortgage rates with an inverse relationship. In this case that means that when mortgage rates go up, sales will go down.

We saw that relationship displayed in 2018 as The Fed started that year reducing their Balance Sheet by not replacing Treasures and mortgages that were paid off (thus raising interest rates) plus actually raising interest rates by increasing their Federal Funds rate. The booming new home market in the spring of 2018 slowed in the summer and stalled in the fall. As we then predicted, The Fed stopped raising interest rates in February 2019 and reduced rates plus restarted Quantitative Easing (QE) in the spring of 2019.

Bubble Alert: Increased mortgage rates always negatively impact the housing market. If we had fully functioning capitalistic financial markets, the recent increase would signal to batten down the hatches. Unfortunately, The Fed is disrupting the financial markets signals which heightens the risk. Witness the six-month period of December 2018 to May 2019 when Chairman Powell in December 2018 promised more rate hikes but by May 2019 had completely reversed course. In the future, The Fed will allow an increase interest rates abruptly.

As the Demented Marxists in DC and Richmond destroy our Democratic Republics, the “Christian Secession” continues to grow. Clingers Deplorables Chumps are exhausted with the bulling and arrogance, so they are taking actions on individual, county, and state levels. No mention is made in the propaganda machine/ former news media, but the conservative electronic media is full of articles discussing trends and actions some are taking.

One of the newest trends is the “Super Straight Movement”. Using the same language and tactics as the LQBT folks but greatly superior in numbers to the LQBT, this will be fun to watch. The abused majority has realized that “What is sauce for the goose is sauce for the gander”. A majority denied their rights by a minority is a powerful force. The DMs don not understand the full ramifications of what they did in November, but they will. Listen and you can hear the deep throated diesel engine of the train that left the station on January 6, 2021, when the majority realized they had been screwed by the minority.

Unsustainable things continue until that unpredictable moment when they stop. It is like the game of musical chairs we played as children where the music stopped and not everyone had a chair. Make your financial decisions now so that you are prepared and remember that in times of financial crisis “Cash is King”.

Those who perpetrated the fraudulent elections and are fraudulently in leadership positions are consumed by their desire for money and power. They and their similarly motivated enablers, the propaganda mills/former news media are as misinformed as the folks mentioned below.

“Those who passed by derided him, shaking their heads and saying “Aha! You who would destroy the temple and build it in three days, save yourself, and come down from the cross!”

(Mark 15: 29 New Revised Standard Version, Oxford University Press)

It is Friday, but Sunday is coming. This is a miserable experience and dark days full of fear are in between now and Sunday. A great piece of land remains The Best investment long term unless the DMs get us to full-fledged Marxism. Capitalism builds wealth, Marxism/Socialism consumes it in self destruction. Pray for a return to honest elections in the USA. God is in control. Men make plans, but God ALWAYS wins.

Stay healthy,

Ned

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orbemnews · 4 years ago

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Jack Ma Seems in Public After Difficult Beijing: Reside Enterprise Updates Right here’s what that you must know: Jack Ma showing at a livestreamed occasion on Wednesday. Jack Ma has filmed motion scenes with big-time martial artists, sung duets with pop stars and appeared at company rallies dressed as a glam rocker and as a masked Michael Jackson impersonator. A wallflower he isn’t. So hypothesis ran rampant after the outstanding entrepreneur and co-founder of the Alibaba Group vanished from public view late final yr. He had criticized Chinese language regulators for what he referred to as their overly cautious angle towards the nation’s monetary system, and the authorities cracked down on his enterprise empire shortly afterward. After that he started to skip beforehand scheduled appearances, prompting questions in China and within the international information media about his destiny. Mr. Ma now seems to be making an attempt to place the hypothesis to relaxation. On Wednesday, he made his first public look since late October. He spoke at a livestreamed occasion honoring educators in China’s village faculties. He didn’t tackle his troubles however mentioned he would spend extra time in philanthropic endeavors. “On this time, my colleagues and I’ve been studying and pondering,” he mentioned, based on a transcript of his remarks revealed within the native information media. “We’ll throw ourselves extra resolutely into academic philanthropy.” Mr. Ma, a former English instructor, mentioned that it was the accountability of enterprise executives of his technology to work towards widespread prosperity by revitalizing rural areas and growing village schooling. His speech was per his current efforts to step away from Alibaba’s day-to-day operations and focus extra on philanthropy, although he retains appreciable sway over his enterprise empire. His remarks have been extensively lined within the Chinese language state-run information media, suggesting on the very least that Beijing’s censorship machine permitted of his remarks. His look relieved some buyers, who drove Alibaba’s Hong Kong-traded shares up about 9 % in afternoon buying and selling. Mr. Ma, who ran Alibaba from its founding in 1999 to its rising as one of many world’s greatest and most dear expertise firms, has lengthy been cautious across the Chinese language authorities. Like many entrepreneurs within the nation, he has solid ties with Beijing officialdom to go off any regulatory troubles. However the rise of Alibaba’s sister firm, Ant Group, put him more and more at odds with China’s state-dominated monetary system. Ant Group, which was as soon as an Alibaba subsidiary and affords providers like digital funds and lending, now performs an enormous function within the monetary lives of many Chinese language folks. It had deliberate an preliminary public providing for late final yr in Shanghai and Hong Kong, in what was extensively anticipated to be the most important fund-raising of its type. However in October, at a public occasion, Mr. Ma accused Chinese language state-run banks of behaving like “pawnshops” and the nation’s monetary regulators of limiting innovation by obsessing over danger. A couple of week later, the federal government halted Ant Group’s I.P.O. and later ordered it to shake up its enterprise practices. Then it started an antitrust investigation into Alibaba. Amid the official blowback, Mr. Ma started to bow out of beforehand scheduled appearances, together with as a choose on an African entrepreneur-themed expertise present that he had created. That ignited hypothesis, particularly after different entrepreneurs who challenged Chinese language officialdom have been dealt heavy punishments. Janet Yellen seems earlier than the Senate Finance Committee on Tuesday. Credit score…Anna Moneymaker for The New York Instances Republicans foreshadowed their opposition to President-elect Joseph R. Biden Jr.’s financial plans on Tuesday, urgent Janet L. Yellen, his nominee for Treasury secretary, to defend a $1.9 trillion stimulus proposal that would offer extra direct funds to people, expanded jobless advantages and cash for states and cities. The opposition from Republicans on the Senate Finance Committee throughout Ms. Yellen’s affirmation listening to underscored the problem that the incoming Biden administration will face in making an attempt to push its proposal via Congress given the slim management it has within the Senate and Home. “We’re taking a look at one other spending blowout,” mentioned Senator Patrick J. Toomey, Republican of Pennsylvania. “The one organizing precept I can perceive, it appears, is to spend as a lot cash as doable, seemingly for the sake of spending it.” Mr. Toomey took concern with Mr. Biden’s plans to ship extra money to states and cities, a measure that Republicans have opposed for the final yr and that was dropped from the final spherical of stimulus talks as a way to win passage of the $900 billion assist bundle. He additionally expressed concern about Mr. Biden’s proposed tax will increase and his name for elevating the minimal wage to $15. Senator Tim Scott, Republican of South Carolina, seized on Mr. Biden’s name to lift the minimal wage from $7.25, arguing to Ms. Yellen that doing so would harm small companies whereas they’re weak and would result in extra job losses. Different Republicans complained that the Biden financial plan is fiscally irresponsible given the nation’s rising debt load and the federal price range deficit, which topped $3 trillion final yr. Senator Invoice Cassidy, Republican of Louisiana, mentioned that Mr. Biden’s plan is just not sufficiently focused and that giving an extra $1,400 in direct funds to some individuals who haven’t misplaced jobs is just not an environment friendly use of federal sources. Ms. Yellen rebutted their arguments level by level, making the case that doing too little to stimulate the economic system could be extra expensive in the long term. She mentioned that financial analysis have proven minimal job losses from elevating the minimal wage, pointing to research of neighboring states when one imposes a rise and the opposite doesn’t. She additionally argued that jobless advantages, which beneath Mr. Biden’s plan could be supplemented with an additional $400 per week, should not ample to handle the monetary struggles going through households and that the $1,400 stimulus checks are essential in conditions the place one particular person, typically a girl, has left a job to care for youngsters who’re out of faculty. “There are a lot of households which can be bearing distinctive monetary burdens that aren’t addressed by unemployment compensation,” she mentioned. Ms. Yellen did supply some assurances to Republicans who’re fearful that Democrats will repeal the complete 2017 tax regulation, which slashed taxes for people and firms. She mentioned that whereas Mr. Biden does need to make adjustments to the regulation, together with elevating the company tax charge, such actions should not a right away precedence. “The main target proper now’s on offering reduction and on serving to households hold a roof over their heads and meals on the desk, and never on elevating taxes,” she mentioned. The revived Paycheck Safety Program is off to a smoother — and slower — begin than it had final spring, when determined debtors deluged banks with mortgage purposes and overwhelmed the federal government’s pc programs. This system opened broadly on Tuesday because the Small Enterprise Administration, which manages the reduction program, started accepting purposes from all lenders. The company allowed a small subset of group lenders and tiny banks to begin submitting their purposes final week. In this system’s first week, the company permitted round 60,000 purposes from practically 3,000 lenders, the it mentioned on Tuesday. These purposes totaled $5 billion, consuming round 2 % of the $284 billion this system has out there to lend. These figures don’t embody mortgage purposes despatched to the company on Tuesday, the primary day most lenders have been allowed to ship in mortgage requests. New fraud checks and different safeguards imply that the majority purposes will now take no less than a day to realize approval. This system is open to each first-time debtors and to some returning ones: The toughest-hit small companies, these with a drop in gross sales of no less than 25 % for the reason that pandemic took maintain, are eligible for a second mortgage. Lenders mentioned they have been making ready for vital demand, particularly for second-round loans. John Asbury, the chief govt of Atlantic Union Financial institution, in Richmond, Va., mentioned he anticipated that no less than 60 % of his financial institution’s 11,000 debtors would return for one more mortgage. Officers from the Treasury Division have mentioned they anticipate that this system’s funding will likely be ample to satisfy all requests. Mr. Asbury hopes that’s true. “We merely don’t know the way a lot of a rush we’re going to get,” he mentioned. “We’re getting plenty of calls.” Mike Lindell, the chief govt of MyPillow, with President Trump at a White Home briefing in March.Credit score…Al Drago for The New York Instances Mattress Bathtub & Past and Kohl’s mentioned they have been dropping merchandise from MyPillow amid a backlash to feedback made by Mike Lindell, the bedding firm’s chief govt, who has been selling debunked conspiracy theories involving the election on social media. Mr. Lindell mentioned that Kohl’s and Mattress Bathtub & Past acted after folks on social media began pressuring them, based on an interview posted Monday on a pro-Trump website referred to as Proper Aspect Broadcasting Community. Mr. Lindell, who mentioned that he had spoken with Mattress Bathtub & Past minutes earlier than the interview, claimed with out citing proof that the criticism was coming from pretend accounts. Mattress Bathtub & Past mentioned on Tuesday that its resolution was rooted in MyPillow’s efficiency. “Now we have been rationalizing our assortment to discontinue various underperforming gadgets and types,” a consultant mentioned in an announcement. A spokeswoman for Kohl’s mentioned that “there was decreased buyer demand for MyPillow,” and that the chain didn’t plan to purchase future stock after clearing out its provide. Mr. Lindell, whose firm is a serious advertiser on Fox Information, has grow to be a outstanding supporter of President Trump. He drew a wave of consideration final week after {a photograph} of partially seen notes he was carrying into the White Home confirmed a point out of the Rebellion Act. MyPillow additionally provided a “FightforTrump” low cost code on the day of the Capitol riots. On social media, teams like Sleeping Giants, which was created to choke off promoting {dollars} to Breitbart Information, have been asking distributors about their help for MyPillow merchandise. Mr. Lindell railed in opposition to Sleeping Giants within the interview. “These guys don’t perceive, they’re scared,” Mr. Lindell mentioned of Mattress Bathtub & Past and Kohl’s. “They have been good companions. The truth is, I instructed them, you guys come again any time you need.” Supply hyperlink #Appears #Beijing #Business #Challenging #Jack #Live #public #Updates

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mortgagebrokerplanotx · 5 years ago

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Mortgage Broker Rhome Texas

Contents

Tehuacana texas mortgage

Animal control. houston

Broker sponsorship program offers texas

Baylor. married april

Llc nationstar mortgage

But Hanks also dismissed the U.S. case against AllQuest Home Mortgage Corp, which bought many Allied assets and is also run by Hodge, citing Texas law on liability of. largest privately-held U.S.

Mortgage Broker Texarkana Texas Welcome home to The Commons in Texarkana, Texas. We offer six floor plans with one, two, and three bedroom options. Standard apartment features include all-electric kitchens, plush carpeting, mini blinds, and central air and heating. Community amenities consist of a pool, clubhouse.

We are The Texas Mortgage Pros. Our mortgage team will assist you in every aspect of your mortgage needs. We have mortgage products for all types of loans. Our home loans are tailored to our customer’s needs. Whether you’re buying or refinancing, our rates tough to beat.

About Mortgage Broker. We have partnered with some of the leading mortgage brokers in the UK. They are experts at finding exactly the right mortgage to suit your requirements. By chosing the right mortgage first time round you can save thousands of pounds over the length of your mortgage.

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Motto Mortgage has announced that Norma Hinojosa, Owner of RE/MAX Elite in Mission, Texas, has purchased and opened the first Motto Mortgage franchise in the Rio Grande Valley. “Operating a Motto.

All Mortgage Brokers in Texas need to maintain a physical office within the state. Soliciting loan applications over the Internet presents many logistical differences from conventional solicitation methods. The Department’s position is if a Mortgage Broker solicits Texas consumers over the.

A mortgage broker utilizes specialized software to get the latest loan information from different lenders and match this on your unique situation and goals, which is something that is hard if you choose a DIY strategy, unless, of course, if you are a mortgage broker yourself. Easy access to the information.

Mortgage Broker West Lake Hills Texas Mr. Thomas, who is 35 and works in Washington, is the legislative director for Representative Joaquin Castro, Democrat of Texas. He graduated from baylor. married april 6 at St. Joseph’s Church in.

Rhome (pronounced Rome) is a city in Wise County, Texas, United States. The population was 1522 at the 2010 census. Rhome has a large 12-plaque war exhibit located at Veterans Memorial Park, in a residential area east of the downtown.

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The post Mortgage Broker Rhome Texas appeared first on Mortgage Broker Plano Texas.

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fthbarlingtontx · 5 years ago

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Va Loan Limits San Bernardino County

Contents

Approved mortgage lenders list veterans

Approved loan limit. fha calculator

Loan limits vary apply

Va Funding Fee Refund Form Deed In Lieu Va Loan FHA Loans: Deed-In-Lieu of Foreclosure Rules. Borrowers looking into the deed-in-lieu of foreclosure option on their FHA mortgage loans are required to provide written explanation as to the circumstances and causes of loan default and may be asked to provide proof of income reduction or other hardship.Since the VA funding fee can be a few thousand dollars, it is well worth the effort to follow through on your refund. Remember, it’s not always cash in hand that you’ll receive, though. Give that ample thought when you close on your VA loan.Va Home Loan Closing Cost Assistance Closing costs on a VA loan are indeed different from those charged by other types of loans. If you have questions about who pays for what, which costs can be paid by the seller or whether certain fees can be negotiated or avoided entirely, talk to your lender.

She was a graduate of San Bernardino Junior College School. city employees were required to live inside the city limits. The petition asked for a change to let workers reside anywhere in Saginaw.

Va Home Loan Regional Office was named a 2014 Top Regional Loan Officer by the Texas state affordable housing corporation (tsahc). tsahc was created in 1994 as a self-sustaining nonprofit housing organization. TSAHC believes that.

VA and CalVet Home Loan Benefits Page Content VA home loan guaranties are issued to help eligible Service members, Veterans, Reservists, National Guard members, and certain surviving spouses obtain homes, condominiums, and manufactured homes, and to refinance loans.

Refinancing Conventional Loan To Va Loan Va approved mortgage lenders list veterans Association Of Real Estate Professionals The U.S. Department of Veterans Affairs engaged in a public-private partnership. Health & Benefits, Commercial Real Estate and Human Resources Consulting. RiskOne’s boutique approach allows its.Yet VA loans don’t require borrowers to buy mortgage insurance and have lower interest rates than conventional mortgages. The average cost for a 30-year fixed-rate VA loan (for purchasing and refinancing) is 4.20%, according to Ellie Mae Inc., a California-based mortgage technology firm whose software is used by many lenders.

2019 VA Loan limits for all cities in California.. Although VA guaranteed loans do not have a maximum dollar amount, lenders. San Bernardino, $484,350.

Contents County borders san diego county approved loan limit. fha calculator helps determine Lenders mesa pearlmark real estate partners Bernardino counties. conforming loan limits vary apply for a Riverside VA Home Loan. To apply for a VA loan in Riverside County, click here.. Riverside county borders san diego county, Imperial County, Orange County and San.

VA Loan Limits Facts and Figures About VA Lending Limits Updated 2019 VA Loan Limits. Qualifying customers can now apply for a regular VA Loan with $0 down up to the county limit. To see the $0 down amount for the single family home limit in your county, simply click on the applicable state. Alabama VA Loan Limits

For us, the excitement is in knowing that we connected you with the loan which unlocked that future for you. Based in Walnut Creek, CA, we serve customers in the San Francisco Bay Area. This includes Martinez, Concord, Pleasant Hill, Alamo, Danville, San Ramon, Orinda, Moraga, Lafayette and throughout California.

“As far as technology, this is not a monumental breakthrough,” said Richard Larsen, the assistant treasurer in San Bernardino, where the county. the Truth in Lending Act has been introduced in.

In one pending federal case, a San Bernardino County resident is accused of buying 22 handguns. has proposed a package of laws that would further limit access to guns. The group, spearheaded by Rep.

VA Loan Limits in 2019: Additional Commentary. For most of the country, the 2018 VA loan limit was raised to $484,350 for 2019. This change was made in response to significant home-price increases that occurred during 2018. In certain higher-cost areas, such as San Francisco and New York City, VA loan limits can be as high as $726,525. Those.

How To Use My Va Loan To Buy A House Texas Va Home Loan Rates VA Loan Service members and veterans can buy a house with no down payment or PMI. Conventional Loan This is a common option for those using a down payment of at least 5% to buy or refinance a home. Jumbo Loan This loan is for those looking to finance a loan amount more than $484,350.”The loan limit change is a big win for veterans nationwide, especially for those buying. VA funding fee you pay in 2020 will depend on your down payment amount and whether you’ve ever had a.Deed In Lieu Va Loan Va Mortgage Cash Out Refinance Qualified military service members and veterans have a refinancing option that allows them to lower their interest rate and get money out of the value of their home with the VA’s Cash-Out Refinancing Loan.. If you think this sounds like a home equity loan, it’s different. When you take out a home equity loan, you still have your original mortgage.House For Rent By Owner In Chesapeake Va United Services Veterans Mortgage Reviews The other half is choosing the best type of mortgage. Since you’ll likely. The U.S. Department of veterans affairs guarantees homebuyer loans for qualified military service members, veterans and.norfolk apts/housing for rent – craigslist CL norfolk norfolk annapolis baltimore blacksburg charlottesville cumberland val danville delaware eastern NC eastern shore eastern WV fayetteville, NC frederick fredericksburg greensboro harrisonburg jacksonville, NC lancaster, PA lynchburg outer banks philadelphia raleigh richmond, VA roanoke south.Deed in Lieu of Foreclosure. A deed in lieu of foreclosure (DIL) is a legal procedure in which you willingly transfer the title (deed) of your property back to the lender, and in return the lender agrees to release you from all legal obligations to the mortgage contract. This is often done to satisfy a defaulted loan and to prevent foreclosure proceedings.

VA Loan Limits for High-Cost Counties: Updated for 2019. The maximum guaranty amount for loans over $144,000 is 25 percent of the 2019 VA county loan limit shown below. Veterans with full.

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#Arlington first time home buyer #first time home buyer assistance Arlington #Arlington first time ho

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lmortgages158 · 4 years ago

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Just Approved: FHA HECM Reverse <b>Mortgage</b> for Purchase allows higher price home purchase ...

Loan officer: John Holmgren/Holmgren & Associates/Finance of America Mortgage. Property: Single-family home in Richmond. Purchase price: ...

#Google Alert - Mortgages

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maryhaasus · 5 years ago

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Capital Square 1031 Launches All-Cash DST Offering of Industrial Facility

DAYTON, Ohio (Feb. 18, 2020) – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced today the launch of CS1031 Midwest Industrial, DST, which seeks to raise $9.2 million in equity from investors seeking 1031 exchange replacement property and cash investors. The Reg. D private placement is comprised of a 146,278-square-foot corporate headquarters and manufacturing facility situated on three parcels of land in Tipp City within Greater Dayton, Ohio. The building was acquired by the DST in an all-cash, no debt, transaction.

“There is a strong demand for industrial properties leased on a long-term basis by strong manufacturing companies such as Creative Extruded Products,” said Louis Rogers, founder and chief executive officer of Capital Square. “This offering was structured on an all-cash, no debt, basis for investors who do not need or want debt for their Section 1031 exchange, thereby removing the risks created by a mortgage. Capital Square has sponsored all-cash DST offerings for many years to service the growing number of DST investors seeking this option for their investment portfolios.”

Located at 1414 Commerce Park Drive, 1420 Commerce Park Drive and 1455 West Main Street, the facility serves as a corporate headquarters for Creative Extruded Products, an original equipment manufacturer and aftermarket manufacturer of vehicle parts for the auto industry. Creative Extruded Products uses extrusion and injection molding to manufacture parts for vehicles, with a focus on windshield and back window moldings.

“This corporate headquarters and manufacturing facility was purchased on desirable economic terms, with annual rental increases and an absolute net lease where the tenant is responsible for all taxes, insurance, maintenance and repairs, thereby reducing future inflation risk,” said Whitson Huffman, senior vice president and head of acquisitions. “The combination of a favorable capitalization rate, annual rental increases and an absolute net lease make this a very desirable investment for Section 1031 exchange and other investors seeking potential for stable income without debt.”

Constructed in 1985, the facility is strategically located in an industrial corridor within the North Dayton submarket, which is home to the Interstate 70 and 75 interchange as well as the Dayton International Airport.

Since inception, Capital Square has acquired 104 real estate assets for more than 2,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code.

About Capital Square 1031 Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since inception, Capital Square has completed approximately $1.9 billion in transaction volume. Capital Square’s executive team has decades of experience in real estate investments. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. In 2017, 2018 and 2019, Capital Square was awarded by Inc. 5000 as one of the fastest growing companies. In 2017 and 2018, the company was also ranked on Richmond BizSense’s list of fastest growing companies. In 2019, Capital Square was listed by Virginia Business on their “Best Places to Work in Virginia” and “Fantastic 50” reports. To learn more, visit http://www.CapitalSquare1031.com.

source https://www.capitalsquare1031.com/capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility/?utm_source=rss&utm_medium=rss&utm_campaign=capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility

source https://capitalsquare1031.finance.blog/2020/02/19/capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility/

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nicholascarpinous · 5 years ago

Text

Capital Square 1031 Launches All-Cash DST Offering of Industrial Facility

About Capital Square 1031 Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since inception, Capital Square has completed approximately $1.9 billion in transaction volume. Capital Square’s executive team has decades of experience in real estate investments. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. In 2017, 2018 and 2019, Capital Square was awarded by Inc. 5000 as one of the fastest growing companies. In 2017 and 2018, the company was also ranked on Richmond BizSense’s list of fastest growing companies. In 2019, Capital Square was listed by Virginia Business on their “Best Places to Work in Virginia” and “Fantastic 50” reports. To learn more, visit www.CapitalSquare1031.com.

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averymosciskius · 5 years ago

Text

Capital Square 1031 Launches All-Cash DST Offering of Industrial Facility

About Capital Square 1031 Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since inception, Capital Square has completed approximately $1.9 billion in transaction volume. Capital Square’s executive team has decades of experience in real estate investments. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. In 2017, 2018 and 2019, Capital Square was awarded by Inc. 5000 as one of the fastest growing companies. In 2017 and 2018, the company was also ranked on Richmond BizSense’s list of fastest growing companies. In 2019, Capital Square was listed by Virginia Business on their “Best Places to Work in Virginia” and “Fantastic 50” reports. To learn more, visit www.CapitalSquare1031.com.

Via https://www.capitalsquare1031.com/capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility/?utm_source=rss&utm_medium=rss&utm_campaign=capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility

source https://capitalsquare1031.weebly.com/blog/capital-square-1031-launches-all-cash-dst-offering-of-industrial-facility

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