Bank Agent – Left Bank http://left-bank.org/ Tue, 20 Sep 2022 14:06:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://left-bank.org/wp-content/uploads/2021/07/icon-2-150x150.png Bank Agent – Left Bank http://left-bank.org/ 32 32 COMMUNITY ORGANIZATIONS DONATE TO BRENHAM ISD FOR STUDENT PLANNERS https://left-bank.org/community-organizations-donate-to-brenham-isd-for-student-planners/ Tue, 20 Sep 2022 13:56:25 +0000 https://left-bank.org/community-organizations-donate-to-brenham-isd-for-student-planners/ The Rotary Club of Washington County donated $1,550 to Brenham ISD to purchase planners for students, one of many organizations in the community to contribute. Pictured are Jenny Schaer (front row, left) of Brenham ISD’s AVID program and Gena Wilimitis (front row, right) of the Rotary Club of Washington County. Several local businesses and organizations […]]]>
The Rotary Club of Washington County donated $1,550 to Brenham ISD to purchase planners for students, one of many organizations in the community to contribute. Pictured are Jenny Schaer (front row, left) of Brenham ISD’s AVID program and Gena Wilimitis (front row, right) of the Rotary Club of Washington County.

Several local businesses and organizations have come together to help thousands of Brenham ISD students plan proactively.

Twenty-seven community groups donated a total of $10,500 to cover the cost of personalized planners for 3,000 students at Brenham Middle School, Brenham Junior High School and Brenham High School. Their contribution was recognized at the Brenham School Board meeting on Monday.

AVID teacher Jenny Schaer said the project began as a way to help students manage their time as they move from campus to campus and take on more responsibility. In the past, students have been asked to contribute to the cost of planners, but Schaer said when the district reached out to the community this year, the response was “overwhelmingly positive.”

The largest individual donor was the Rotary Club of Washington County, with a contribution of $1,550. Representing the club at the meeting was Gena Wilimitis, who said the organization is delighted to help make a difference.

Other donors were Tippit Dental Group, Bank of Brenham, Citizens State Bank, American Legion Auxiliary Brenham Unit #48, Appel Ford, Blue Bell Creameries, Brenham National Bank, Royers, Las Americas Latin Cuisine, Bluebonnet Electric Cooperative, Computer Helpers, Germania Insurance, Graham Masonic Lodge #20, Kountry Boys Sausage, LaRoche Chevrolet Buick GMC, Mariachi’s Mexican Restaurant, Moorman Tate LLP, Moosefeathers Florist, Mr. Gatti’s Pizza, Must Be Heaven, PlanNorth Architectural Co., Robinson Landcare, Seidel Schroeder, YellowTruck, WoodmenLife and John Brieden III – State Farm Insurance Agent.

Also at Monday’s meeting, the board:

  • Received Bilingual Audit/ESL presentation.
  • Approved a proposal from Phillip’s Painting Company for $45,940 to paint and seal the PRIDE Academy auditorium.
  • I went into executive session to discuss staffing issues and school safety and security. No action has been taken.
(front row, left to right) Karen Webb, Tyrone Wolfe and Emma Bianchi-Korn were named Brenham High School’s respective paraprofessionals of the month, student of the month and teacher of the month.
The Brenham ISD deputy principals were recognized at the Brenham School Board meeting on Monday.
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From holiday to new start https://left-bank.org/from-holiday-to-new-start/ Sun, 18 Sep 2022 06:55:00 +0000 https://left-bank.org/from-holiday-to-new-start/ From furlough to fresh start – Perth man builds new property company Calendar An icon of a desktop calendar. to cancel An icon of a circle with a diagonal line across it. Caret A right-pointing solid arrow icon. E-mail An icon of a paper envelope. Facebook An icon of Facebook’s “f” mark. Google An icon […]]]>




From furlough to fresh start – Perth man builds new property company



































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Ray White shows employee appreciation with 2022 Biannual Awards – Inforial https://left-bank.org/ray-white-shows-employee-appreciation-with-2022-biannual-awards-inforial/ Thu, 15 Sep 2022 04:21:03 +0000 https://left-bank.org/ray-white-shows-employee-appreciation-with-2022-biannual-awards-inforial/ Inforial (The Jakarta Post) Jakarta ● Thu, September 15, 2022 2022-09-15 11:11 0 acb46bb3015c754a01ddf4e65a061fa8 4 Tooltip Free Ray White held its 2022 Biannual Awards in Jakarta on August 25, 2022 to express its gratitude to all marketing and branch managers for doing their best to achieve the greatest achievements in the first half of the […]]]>

Inforial (The Jakarta Post)

Jakarta ●
Thu, September 15, 2022

2022-09-15
11:11
0
acb46bb3015c754a01ddf4e65a061fa8
4
Tooltip

Free

Ray White held its 2022 Biannual Awards in Jakarta on August 25, 2022 to express its gratitude to all marketing and branch managers for doing their best to achieve the greatest achievements in the first half of the year. The Australian company has become a household name with several local branches and is now known as one of the most trusted companies in the Indonesian real estate industry.

“This year, Ray White again won the Top Brand 2022 award [in] the Realtor category for the 10th consecutive year,” said Johann Boyke Nurtanio, Country Manager for Ray White Indonesia.

“As a real estate company with 25 years of experience in Indonesia and 120 years in Australasia, we have been through so many triumphs as well as challenges and even crises. This shows a high level of public trust [in us],” he said.

Last year’s regional awards ceremony was held in Surabaya, while the national awards were held in Jakarta. The semi-annual awards underscore the company’s performance in maintaining stable sales despite the challenges of the past two years.

Some of the most prestigious award categories include Top 15 Offices, Top 3 Regional Offices, and Top 15 Commission-Based Marketing Managers. The top 15 offices went to Ray White Prestige Kelapa Gading, managed by Wilson Ho, while the first and second runners-up went to Ray White Sunter, managed by Anna Kurniawati, and Ray White Diponegoro, managed by Andy Suanda, respectively.

Meanwhile, Ray White Diponegoro led by Andy Suanda, as well as Ray White CBD Surabaya led by Tjipto Kaharudin, and Ray White Sutami led by Fransisca Maria, received Top 3 regional offices.

Ray White’s top 15 commission-based marketing executives went to winner Felix Budy of Ray White Commercial, while Ardy Sutanto of Ray White Citraland and Lily of Ray White Sunter took second and third place respectively.

“Congratulations to the principals for succeeding in being good leaders who inspire their team and who are able to adapt to change. Now is the time to show the world who you really are and the values ​​you stand for. Keep developing your focus, creativity and courage,” Johann said as he celebrated the winners.

“We believe that customer experience can only be delivered consistently when the whole team is engaged. And the whole team can only be engaged through strong leadership at different levels. Thus, the value of our customer experience is a reflection of [our] leadership qualities,” he added, noting how proud he was of the company’s achievements in the first half of 2022.

Ray White’s sister company, Loan Market Indonesia, followed up the biannual awards with its own awards ceremony. Established in 2014, the company is the leading loan broker in Indonesia and has been registered with the Financial Services Authority (OJK) since 2019.

In addition to appreciating and motivating its employees through the semi-annual awards, Ray White maintains a strong commitment to professional development, enabling its marketing managers to continue to develop their skills in the real estate sector through training workshops organized regularly.

It also offers its employees technological innovations, such as a personalized mobile application, to help them perform at their best.

Last year, Ray White launched Mobile Whiteboard as a single internal communications platform, featuring menus such as Business Solutions, Brand Central, Awards and Recognition, Events and News, as well as training materials. It has also provided the One System feature upgrade which can automatically convert photos from all lists to slideshow videos. Meanwhile, it successfully launched a new customer relationship management (CRM) platform called VaultRE, which is more sophisticated than its predecessor.

“Real estate agents will not be replaced by technology. However, real estate agents will be replaced by tech-savvy real estate agents,” Johann pointed out.

The Ray White Biannual Awards 2022 were sponsored by trusted partners Bank CIMB Niaga, Bank BTN and Bank Panin. Since entering Indonesia in 1997, Ray White has built a network of 175 branches in 25 major cities in 17 provinces, where its 5,000 marketing managers provide excellent service.


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Aspire Insurance Focuses on Customer Experience and Partners with Boost.ai to Implement Virtual Agent https://left-bank.org/aspire-insurance-focuses-on-customer-experience-and-partners-with-boost-ai-to-implement-virtual-agent/ Tue, 13 Sep 2022 12:05:00 +0000 https://left-bank.org/aspire-insurance-focuses-on-customer-experience-and-partners-with-boost-ai-to-implement-virtual-agent/ Over the past year, Boost.ai and Aspire have been able to validate dramatic improvements in the support experience for customers and employees SANTA MONICA, Calif., September 13, 2022 /PRNewswire/ — Boost.ai, a leading provider of large-scale conversational artificial intelligence (CAI), today launched a new case study detailing the results of its chatbot efforts since its […]]]>

Over the past year, Boost.ai and Aspire have been able to validate dramatic improvements in the support experience for customers and employees

SANTA MONICA, Calif., September 13, 2022 /PRNewswire/ — Boost.ai, a leading provider of large-scale conversational artificial intelligence (CAI), today launched a new case study detailing the results of its chatbot efforts since its deployment with Aspire , a general insurance company with more than 89,000 customers. As expectations for quality customer service continued to rise across all verticals, Aspire recognized that its chat system, at the time entirely supported by service agents, needed support. additional. After partnering with boost.ai and implementing its conversational AI virtual agent, the insurance organization was able to improve support flow for customers, brokers and their employees.

At a time when 2 in 3 customers say they are ready to report and manage claims entirely online, many insurers are slow to offer a digital experience suitable for 2022. Similarly, brokers are looking for the most efficient ways to interact with insurance. companies and digital tools are quickly becoming the norm. Thanks to boost.ai’s progress with its conversational AI, the company’s virtual agents are able to handle the increased workload that a digital-first experience has brought to Aspire. As more data becomes available, boost.ai and Aspire will work together to refine the virtual agent’s capabilities to ensure a seamless experience for customers and brokers.

“Insurance is a hugely sensitive industry where customers are constantly reaching out to ensure claims are taken care of and information is relayed. There is a huge need for 24/7 customer support, and for Aspire, our virtual agents are able to be that first line of support to ensure customers are heard,” said Bill Schwabvice president of North America on boost.ai. “As the world continues to go digital and customer inquiries from the website or app skyrocket, we’re going to see more and more companies take the CAI approach. We work 24 hours a day. 24 to ensure our technology is easily adaptable and effective, setting our customers up for long-term success.”

Aspire consistently uses the latest technologies to ensure reliable service in its customer care departments, which has made the integration of conversational AI an optimal solution. From answering personal account queries directly to getting the right information for lien holders and brokers, their service center responds to a range of requests. Boost.ai’s extensive library of industry-specific intents enables the virtual agent to facilitate immediate responses with precision, while its no-code conversation builder helps Aspire easily adjust and deploy service flows in response to customer feedback.

“In an industry as competitive as insurance, customer experience can play a vital role not only in satisfying your current customers, but also in attracting new ones. Working with boost.ai has improved our ability to handle an increase in customer requests, which has helped us grow,” said Chandah M. Burton, Underwriting Director at Aspire. “We know that when it comes to getting help with a policy, a claim or any issue with their insurance, customers want it to be faster and easier. Our virtual agents help customers get answers right away and, if needed, can quickly hand them over to our experienced service teams to handle the rest of their inquiries. »

Since implementing the boost.ai conversational chatbot in November 2021, Aspire has seen the following improvements in its customer service funnel:

  • Overall, 80% of incoming support requests have now been automated using the virtual agent
  • Chat capacity increased from 1,200 to 2,600 chats per month within one month of launch
  • Customer inquiries have an 81% resolution rate

To view the full case study, visit: https://www.boost.ai/case-studies/enhancing-customer-experience-across-insurance-service-streams

About Boost.ai

Boost.ai is a global leader in conversational AI optimized for scale. Boasting the most robust portfolio of intent in the industry, Boost.ai is pioneering an era of wide-reaching virtual agents to deliver the most advanced and scalable technology on the market. Boost.ai was recently named in the first-ever 2022 Gartner® Magic Quadrant™ for Enterprise Conversational AI Platforms. With consistent resolution rates of 90%, Boost.ai’s industry-leading virtual agent supports enterprise customers in key industries across United States and Europe, including banking, insurance, telecommunications, retail, etc. Major customers include Santander Bank, MSU Federal Credit Union, Create Room, Aspire General Services, Neogov, etc. Learn more about boost.ai.

SOURCEBoost.ai

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League insiders speculate Philadelphia 76ers and Dallas Mavericks making potential move for NBA finalist https://left-bank.org/league-insiders-speculate-philadelphia-76ers-and-dallas-mavericks-making-potential-move-for-nba-finalist/ Sun, 11 Sep 2022 13:04:21 +0000 https://left-bank.org/league-insiders-speculate-philadelphia-76ers-and-dallas-mavericks-making-potential-move-for-nba-finalist/ The Philadelphia 76ers and Dallas Mavericks are constantly looking for ways to improve their roster and win the elusive championship. The latest rumors suggest that their missing piece could be found in the summer of 2024. According to Boston Celtics insiders Jack Simone and Keith Smith, the 76ers and Mavericks will have their eyes on […]]]>

The Philadelphia 76ers and Dallas Mavericks are constantly looking for ways to improve their roster and win the elusive championship. The latest rumors suggest that their missing piece could be found in the summer of 2024.

According to Boston Celtics insiders Jack Simone and Keith Smith, the 76ers and Mavericks will have their eyes on Jaylen Brown when he enters free agency in the summer of 2024. Simone and Smith believe the Detroit Pistons and Memphis Grizzlies could also be in the mix.

“TThe Dallas Mavericks should be constantly on the lookout for a co-star to partner alongside Luka Doncic, and if they drop a contract or two by 2024, they could make room for Brown. Not only would Brown be able to take away some of Doncic’s scoring charge, but he would also likely be the best perimeter defender on the team.

“Similar statements can be made for teams like the Memphis Grizzlies, Detroit Pistons and Philadelphia 76ers, all of which could be looking for new faces to partner with their respective stars by 2024. Ja Morant, Cade Cunningham and Joel Embiid would all jump at the chance to play with Brown.

“Again, though, that line of reasoning would be banking on the idea that Brown is fed up with Boston, and from everything we’ve seen, that doesn’t appear to be the case right now,” Simone and Smith said. .

Jaylen Brown is currently halfway through his four-year contract which he signed in 2019 for a value of $110 million. The guard is expected to be paid more than $26 million and $28 million over the final two seasons of his contract, respectively. Brown will enter free agency in 2024 and be at the peak of his powers.

Given the noise around Jaylen Brown potentially headlining Kevin Durant’s package, there’s a chance he wants to leave the Celtics in 2024. That comes after being their best player in the playoffs this year and the having led to the NBA Finals.


Can the Philadelphia 76ers welcome Jaylen Brown?

2022 NBA Finals - Game Six
2022 NBA Finals – Game Six

The Philadelphia 76ers are in pole position to sign Jaylen Brown in the summer of 2024. They have enough room to sign guard if they move on from James Harden that summer. Harden is an unrestricted free agent in 2024 and could be a free agent if his performance doesn’t improve over the next two seasons.

Tobias Harris is yet another massive wage loss the Philadephia 76ers could make as he is another player hitting free agency in the summer of 2024. Harris is expected to earn nearly $40 million in the 2023 season- 24 and Harden will win $35 million if he chooses his player option.

Jaylen Brown is the first @celtics player to score more than 40 points on 70% or better shooting from the field in a playoff game.40 PTS (70% FGP)14-20 FGM14-14 2-PT FGM https://t.co/EaSLI4rlOE

If the Philadelphia 76ers fail to win a championship before 2024, it’s likely they’ll leave Harden and Harris. They could choose to build around Brown, Joel Embiid and Tyrese Maxey.


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Federal Court rejects tax official’s appeal against ban https://left-bank.org/federal-court-rejects-tax-officials-appeal-against-ban/ Mon, 05 Sep 2022 20:50:44 +0000 https://left-bank.org/federal-court-rejects-tax-officials-appeal-against-ban/ The Federal Court has dismissed a former tax official’s appeal to have his disbarment overturned, with Judge Wendy Abraham saying the petitioner failed to establish a cause of action. The ruling, handed down on August 12, came after Tasmanian Barbara Beckett was convicted and sentenced for falsifying documents and lying to cover up her actions. […]]]>

The Federal Court has dismissed a former tax official’s appeal to have his disbarment overturned, with Judge Wendy Abraham saying the petitioner failed to establish a cause of action.

The ruling, handed down on August 12, came after Tasmanian Barbara Beckett was convicted and sentenced for falsifying documents and lying to cover up her actions.

The TPB welcomed the Federal Court’s rejection and said the “serious convictions” relate to forgery and lying under oath.

The Tax Agent Regulator initially determined Ms Beckett was no longer a fit and proper person to register due to criminal convictions for providing two forged bank checks to the NSW Office of State Revenue.

Ms Beckett also failed to disclose that conviction, along with the adverse professional conduct findings of the Tasmanian Legal Profession Board, to the TPB.

Ms Beckett pleaded guilty to two counts of using a false document to influence the performance of a public duty under the Crimes Act 1900 (NSW) and was sentenced to 20 months and 18 months imprisonment, to be served concurrently. The sentences were suspended when Ms Beckett took out a good behavior bond.

TPB investigations revealed that not only had Ms Beckett falsified documents, but she had also dishonestly attempted to conceal the actions to avoid disclosure. The AAT determined that this misconduct was intended to undermine the tax authority’s efforts to establish the truth.

In reaching its decision to terminate Ms Beckett’s recording, the TPB found that Ms Beckett did not fully appreciate the seriousness of the behavior or did not fully accept responsibility for it.

“This decision reinforces the work we are doing to uphold the integrity of the tax profession and build trust in the services that tax professionals provide,” said TPB Chairman Ian Klug.

“These convictions are serious – the misconduct was multifaceted and calculated – Ms. Beckett forged bank checks and lied under oath.

“This is particularly serious when considered in the context of registration as a tax practitioner. Honesty and integrity are paramount given the responsibilities and obligations of tax practitioners.

“It is imperative that the public be protected against those who lack the proper character and integrity to enjoy the privileges conferred upon them by registration as a tax practitioner.

“The public has a right to know and expect that those who serve as tax practitioners are of high integrity and the public trust cannot be maintained without professional regulation and enforcement.”

Federal Court rejects tax official’s appeal against ban

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Last update: September 05, 2022

Posted: September 06, 2022

Philip King

Philip King

AUTHOR

Philip King is editor of Accountants Daily and SMSF Adviser, the leading sources of news, information and educational content for professionals in the accountancy and SMSF industries.

Philip joined the Securities in March 2022 and brings extensive experience from various roles at Australian daily newspaper The Australian National Broadsheet, most recently as Automotive Editor. His background also includes spells in various consumer and trade magazines.

You can send an e-mail to Philippe: This email address is protected from spam. You need JavaScript enabled to view it.

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7 changes that will take effect on September 1 https://left-bank.org/7-changes-that-will-take-effect-on-september-1/ Wed, 31 Aug 2022 05:07:35 +0000 https://left-bank.org/7-changes-that-will-take-effect-on-september-1/ These new rules will be implemented from September 1: after two days, a new month will begin and new rules will apply from the start of the new month. LPG cylinder prices are fixed on the 1st of the month. […]]]>



These new rules will be implemented from September 1: after two days, a new month will begin and new rules will apply from the start of the new month. LPG cylinder prices are fixed on the 1st of the month.








Read this article to know the price changes you will face from September 1st.





Every month, many new or updated rules go into effect on day one. It is important to know these rules because they have a direct impact on the daily life of an average person. Let’s discover these guidelines.












LPG price

LPG prices will be fixed on 1 September. This time, prices could go up or down.

Real estate will get expensive in Ghaziabad

This update is for you if you are planning to buy a property in Ghaziabad. In Ghaziabad, there would be a 4 to 2% increase in the circular rate. This increase will take effect on September 1, 2022.

Prime Minister Kisan Samman Nidhi Yojana

Additionally, farmers in PM Kisan must complete eKYC by August 31, 2022. Farmers’ 12th installment may not be paid if e-KYC is not completed by August 31.












High toll charges

You will now have to pay a higher toll if traveling to Delhi via the Yamuna Highway. Now you have to pay extra 10 paise per kilometer for small vehicles like a car. In addition, trucks and other large commercial vehicles will have to pay a toll of 52 paise per kilometer.

PNB KYC Update

Many banks have been warning their customers to complete Know Your Customer (KYC) over the past few months. By completing KYC, consumer bank accounts will be active and functional, enabling simple financial transactions among other things. Customers of public sector banks of Punjab National Bank are requested to update their KYC. As of August 31, 2022, the bank has required all customers to complete their KYC.

All cars are going to be expensive

If you are also planning to buy Audi, they are going to be expensive. The new prices for Audi vehicles will take effect on September 20, 2022 and will increase by 2.4%.












Now the insurance agent will receive this commission

The IRDAI has modified the general insurance regulations. Instead of receiving a 30-35% commission, the insurance agent will now only receive 20%. Also, it will reduce people’s bounty and they will get relief.











First published on: August 30, 2022, 05:30 IST



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Why should I consider a short sale https://left-bank.org/why-should-i-consider-a-short-sale/ Mon, 29 Aug 2022 13:18:00 +0000 https://left-bank.org/why-should-i-consider-a-short-sale/ Over 5.6 million homes were sold in the United States alone in 2020. Many more homes have been sold since then and some have even been subject to short sales. But what exactly is a short sale, and how is it different from an ordinary sale, bankruptcy or foreclosure? How does a short sale affect […]]]>

Over 5.6 million homes were sold in the United States alone in 2020. Many more homes have been sold since then and some have even been subject to short sales. But what exactly is a short sale, and how is it different from an ordinary sale, bankruptcy or foreclosure?

How does a short sale affect you as an owner? Do short sales have advantages over other options? Read on and learn more about whether or not to consider a short sale when selling a home.

What you need to know about short sales

Short sales aren’t as common as they used to be, but some people may still decide to go through the short sale process. A short sale is a special situation in which the lender of a mortgage loan decides to accept a mortgage payment that is significantly lower than the amount owed by the borrower. This is done to allow a homeowner to sell their home if they need funds.

But what about the remaining loan balance? As for the rest, the mortgage lender will usually forgive it so the borrower doesn’t have to pay it. Short sales are not very common because they are not particularly beneficial to those involved.

Even the owner will not benefit as much from the sale of the house as usual. However, sometimes selling the house, as usual, is not possible. This is often the case for those who need money right away and can’t afford to wait for their house to sell.

For example, suppose an owner’s house has lost considerable value. This can happen for a variety of reasons, such as the decline of the neighborhood or the need for major repairs on the house. Either way, if the price of the house goes down, the homeowner may end up with a mortgage that is way above the value of the house.

The details

This, of course, creates a very big problem for the owner. Selling the house, as usual, would not solve the mortgage problem since the house is not worth enough to cover the cost of the mortgage. This is why it may be worth taking the home through the short sale process.

As mentioned earlier, this is to help the home owner by giving up a certain amount of the mortgage. The big downside to a short sale is that it doesn’t make you extra money like a normal sale would. Instead, the majority of the money will go towards paying off your mortgage.

After the short sale, you may find it difficult to find another place to live unless you have already planned ahead. And yet, short sales are often preferred over the other option, which is foreclosure. But what is the difference between a short sale and a foreclosure and what makes a foreclosure much worse than a short sale?

Understanding a Short Sale

Most people would rather go through the short sale process than go through a foreclosure because foreclosures are terrible for your credit score. If you decide to foreclose on your home, you will find that your credit score will drop.

Once your credit score drops so much, it will be quite difficult for you to complete different tasks that involve your finances and credit history, such as opening new bank accounts, opening credit cards, getting loans and even getting a new apartment.

Also, in the case of a foreclosure, the landlord doesn’t have much control over the situation. Instead, the lender takes over the property and tries to sell as much of it as possible to recoup the cost of the mortgage. This can leave the ex-owner in a terrible financial situation from which it is difficult to recover.

Keep in mind that a short sale will also hurt your credit score to some degree. However, this will not damage it as much as a foreclosure. This is another reason why many people would rather go through the short sale process than a foreclosure.

What do you want to know

Even if your credit score drops from a short sale, it should still be good enough to get you an apartment or open a bank account. If you’re wondering whether or not you should go short selling, it all depends on your personal financial situation.

For example, if you know your home is going down in value and you won’t be able to pay off your mortgage, a short sale may be a good option for you, especially in the long run. In some cases, the decision may already be made for you.

Keep in mind that if you decide to refinance your home with a short sale, the process may take some time. There are some cases of short sales that take several months, while others may only take a few weeks. It’s usually best to hire a real estate agent to help you with your short sale so the process can progress faster and more efficiently.

All about short sales

Going through a short sale is a tough decision to make, but sometimes it’s necessary. A short sale isn’t as bad as a foreclosure because it won’t damage your credit score as badly. This involves the mortgage lender allowing the borrower to pay off a certain amount of the mortgage while forgiving the rest.

To learn more about real estate, please click here.

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Release $265m in time, foreign airlines tell FG https://left-bank.org/release-265m-in-time-foreign-airlines-tell-fg/ Sat, 27 Aug 2022 23:29:42 +0000 https://left-bank.org/release-265m-in-time-foreign-airlines-tell-fg/ The The Association of Foreign Airlines and Representatives in Nigeria has urged the Central Bank of Nigeria to waste no time in releasing the promised $265 million from its members’ trapped funds in the country. The association’s president, Kingsley Nwokeoma, in a telephone interview with our correspondents on Saturday, said it was commendable that the […]]]>

The The Association of Foreign Airlines and Representatives in Nigeria has urged the Central Bank of Nigeria to waste no time in releasing the promised $265 million from its members’ trapped funds in the country.

The association’s president, Kingsley Nwokeoma, in a telephone interview with our correspondents on Saturday, said it was commendable that the government had promised to release some of the funds, but that there should be no delay if the brewing crisis in the sector had to be avoided.

Emirates Airlines had threatened to suspend flights to Nigeria from September 1 over its booby-trapped $85million, while other foreign airlines gave the government until December fearing they would also suspend their flights.

In addition, British Airways on Friday blocked travel agents in Nigeria from selling its tickets amid foreign airlines struggling to repatriate the $464 million in ticket sales revenue to their respective home countries. The International Air Transport Association said on August 18, 2022 that foreign airline funds withheld in Nigeria increased from $450 million in May to $464 million in July.

The $464 million booby-trapped has forced foreign carriers to raise airfares, cut flights and suspend operations due to their inability to repatriate funds to their home countries.

To avert the looming crisis, the CBN on Friday announced the release of $265 million. A breakdown of the figure indicated that $230 million was released as special FX intervention, while a further $35 million was released through the Retail SMIS auction.

The director of CBN’s corporate communications department, Mr. Osita Nwanisobi, said in a statement on Friday that the apex bank, headed by Mr. Godwin Emefiele, was not against the repatriation of funds from Nigeria by a company, but that the bank was synonymous with order.

“With Friday’s release, operators and travelers are also expected to breathe huge sighs of relief, as some airlines have threatened to withdraw their services in the face of unpaid funds for pending ticket sales. “, reads the press release.

Speaking on the apex bank’s decision, Nwokeoma said: “Development is still ongoing and the airlines have not changed their position until we see exactly what the government plans to do about this. regard. We need to be very explicit about how much CBN has released, how much would still be released, and the time frame for payments and repatriations to be made. We should have the figures and the statistics because there are several airlines involved here.

“Even more important is the meeting called by the House of Representatives. However, we don’t need to come to that for this intervention to happen, because now is the panic. The airlines need this money. These big airlines you see have a long payment system with Boeing, Airbus, etc.

“If every country is like Nigeria, the airlines will not be able to repay their debts and other obligations and you know that if you don’t repay your debt or don’t maintain your plane, it will jeopardize safety, and in this industry, safety is key. Hopefully by next week we will know exactly what those numbers are for all airlines.

“Remember Qatar cut frequencies before Emirates gave the September date, while others are asking the government to do something by December. That’s why the government is trying to look around to see what he can do. It makes no business sense for airlines if they can’t move their money around to run their business.

He called for a comprehensive review of the situation so that Nigeria is not in a bad light, noting that the problem was recurrent for the funds to have reached hundreds of millions of dollars.

He added: “We know how much this is owed, so we need to know how much is paid to the different airlines. We need all these figures and we also need a timetable indicating when the funds will be released; will this be an ongoing thing and how are we going to avoid this problem that has been there for years? These are the issues that should be considered in order to settle this issue. So it’s not just about releasing money, it’s about sitting down to critically examine this and find a way around it.

“It’s not just about releasing funds; it’s about everyone collectively sitting down to identify the root cause of the problem because it’s a shameful thing. For us, it is very important so that this situation does not happen again.

Asked about the breakdown of what was owed to each airline in the more than $600 million, Nwokeoma said there were more than 20 foreign airlines operating in Nigeria, including the “big 10” and that it would be difficult to estimate as tickets were still sold out and the fund would continue to grow.

He added: “The CBN needs to release the funds like yesterday as it would not have happened if the CBN had acted. The airlines wrote to the CBN several times and the airlines lobbied. Aviation is the most affected by Covid-19 and how many people actually fly.

“The war between Russia and Ukraine has affected the global oil sector and you can even see that our local carriers are also affected. We really need to look at the real cause of this and make sure it doesn’t happen again, and we need to learn to respect the agreements.

Meanwhile, following reports that Emirates was canceling its plan to suspend flights from September 1, a senior airline official has asked one of our correspondents to speak with the public relations officer of the airline company. The official also provided the agent’s contact.

The airline’s public relations manager was contacted and asked if the international carrier would end its plan to suspend flights to Nigeria by September based on the latest developments from CBN and she replied: ” I don’t think so because I don’t have that information. ”

However, she promised to check with the carrier and come back. She had yet to do so at press time.

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Slowdown or slump? Agents give their opinion on a house… https://left-bank.org/slowdown-or-slump-agents-give-their-opinion-on-a-house/ Fri, 26 Aug 2022 09:30:35 +0000 https://left-bank.org/slowdown-or-slump-agents-give-their-opinion-on-a-house/ “In fact, Zoopla’s July 2021 House Price Index figures show housing demand still remaining 25% above average over the past five years, on par with year-on-year figures. the other. “Following the 2021 stamp duty-driven moving frenzy, there is still a striking mismatch between supply and demand for properties, with the housing stock particularly […]]]>

“In fact, Zoopla’s July 2021 House Price Index figures show housing demand still remaining 25% above average over the past five years, on par with year-on-year figures. the other.


“Following the 2021 stamp duty-driven moving frenzy, there is still a striking mismatch between supply and demand for properties, with the housing stock particularly low. As Halifax has noted, the continuing imbalance of supply and demand led house prices to rise 13% in June year-over-year, the highest since the end of 2004.”


However, Shaw acknowledges that growth will remain static.


He adds: “While we won’t see rapid price increases or huge price declines in the rest of 2022, we are seeing signs of stabilization in house prices.


“Given the Bank of England’s interest rate hike, rising mortgage rates and the impact of the cost of living crisis on homebuyers, the growth in home prices real estate appears to remain relatively static for the remainder of the year as the cost of living crisis is likely to impact the number of homes sold We expect slower growth, but no significant decline over the medium to long term .


Shaw predicted a mortgage rush, adding: “Mortgage interest rates have risen rapidly in 2022 following five increases in the Bank of England’s base rate. The further rise in interest rates this summer to 1.75%, the highest in more than a quarter century, means that mortgage lenders will raise rates again.


“When interest rates change, it always creates a wave of new demands, resulting in a backlog that can take weeks to clear. We expect to see people looking to buy or those looking to remortgage over the next six months trying to get a mortgage rate as soon as possible to avoid further rate hikes this year.


Shaw suggested that the North West real estate market should prosper.


He explained: “Despite a general cooling, LRG continues to see house price inflation in the North West and we expect to see continued house price growth in the region for the remainder of the year.


“The North West of England is an area that has a particular imbalance between supply and demand, with Liverpool and Manchester being two of the main cities for property demand, which is driving up the value.


“Outside the major cities, demand for properties in Warrington in particular has seen growth of up to 70% above the five-year average, while Oldham follows at 65% and Preston at 60%.


“As Rightmove data for July 2022 shows, the region is seeing an 11.2% year-on-year increase in house prices from July 2021, as well as a 0.8% increase month on year. the other from June. This compares to growth of 0% in the South East and a decline of -2.9% in Wales.”

In contrast, Lee, who has been an agent for nearly 50 years, revealed his advice to buyers currently is to buy if you need to but wait if you’re not in a rush.


Speaking in a video interview with BestAgent founder Charlie Lamdin, Lee said: “My personal view is that I think we’re looking at a downturn in the market.


“I’ve seen ups and downs and ups and downs, it’s finally leveling off.


“We are on hiatus due to the shortage of goods which has driven the market up dramatically, which will stabilize due to the economic situation.


“If people say I should buy now, if you need it, the answer has to be yes.


“If you can take your time and keep an eye on the market, maybe the answer is to wait and see what happens.


“It might not necessarily be good advice for my other real estate agents, but it comes down to the word trust, you have to give bad advice and good advice.


“We don’t know how much worse it will get, my advice is if you need to buy keep going, if you don’t keep an eye on what the market is doing.”


Meanwhile, former agency founder and real estate marketing veteran John Durrant also drew on his own experience working in the 1970s to highlight parallels with the effects of war, the rising energy bills, soaring inflation and the resulting impact on interest rates, bank loans and ultimately home buying and selling.


He said in a post on LinkedIn, “Now seems like a good time to be extra careful with marketing reviews, even if it means losing some guidance.


“Agents can also take a look at their existing listings – if there are any that they think could be overpriced, it is better to be proactive now than to see the value drop if you wait too long. long to share your concerns with your supplier.”


Durrant warned that former chancellor Rishi Sunak’s stamp duty vacation had created a property bubble that was not sustainable.


He said: ‘It left a void which other families were not ready to fill as many would not have realized they would need to move, and for others the savings on stamp duty were worth less than the inconvenience of taking their projects this far. .


“So we experienced a gridlock, a shortage of properties coming to market which in turn ensured rapid and self-sustaining price increases. A fake market! A fucking wait to burst. If sellers don’t see other homes to buy and prices are rising rapidly, why would they risk marketing their own homes?”


Durrant warns that economic conditions are changing rapidly – ​​just as they did in the 1970s, adding: “The data suggests we are at the genesis of this. Now is the time to advise extreme caution.

“If you think about it, there are probably thousands of agents who have only experienced a seller’s market. They will find it difficult to accept that a market can change from what they have known throughout their career. But it is possible. If these agents keep doing what they’ve always done, chances are it’s bad for them.

It is likely that different parts of the country will respond more quickly than others. In other words, not everyone will experience a downturn just yet. Time will tell us.

“Writing about this makes me feel really vulnerable. I don’t like the words I write at all. And yet, I feel that I have to.


“I really hope I’m wrong. But if I’m right, I believe this coming market will see professional agents succeed and emerge stronger. Unfortunately, I believe others will fail. It’s time to intensify.

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