Indianapolis #9 best place to buy foreclosures(notice i didnt say # of foreclosures, I said BUY foreclosures)!

31 03 2008

Lee’s notes: Forbes Magazine gave Indianapolis some love with rating us #9 in the country to BUY foreclosures… The deals are in distressed properties, cause a lot of people can get good prices on homes in good shape. I have seen a lot of vacant homes as of late though!

9. Indianapolis, Ind.
Median home price: $112,109
Foreclosure savings: $6,695
Foreclosure rate: 2.01%
Price change 2006-2007: -0.07%

A 2% foreclosure rate combined with a slow market has produced one of the nation’s highest vacancy rates. This market’s relatively low median home sale price means the market doesn’t have a long way to go before it bottoms out. Still, given the area’s inventory glut, sellers–especially those with distressed properties–will likely have to shave more than $6,695 off the price to make a sale.

To compile our list, we started with the country’s 100 largest metro areas and ranked them by annual foreclosure rate, based on data from RealtyTrac, a listing firm that tracks foreclosures. To give a sense of scale, hard-hit markets have foreclosure rates in the 3% or 4% range. Riverside, Calif., has a foreclosure rate of 3.8%, and Detroit has a foreclosure rate of 4.9%. By contrast, Seattle, has a foreclosure rate of 0.4%, and Austin, Texas, has a rate of 0.8%, two figures which are within a healthy range for foreclosures, as all markets, at all times, have them.

Our goal was to differentiate inexpensive foreclosure markets from those that are undervalued, as cheap foreclosures in flimsy markets don’t necessarily make strong investments. One can score a deal on a house in Detroit, for example, but there are long odds on recouping costs due to the area’s current economic environment and that housing market’s depression. If Detroit were adding jobs, or were a more hospitable location for business, it could be a good comeback play. But as it stands, it’s not a housing market where you want any amount of your money.

Only cities on Forbes’ best places list, which measures criteria such as quality of life and the local economy (labor and energy costs, the regulatory environment, taxes) to find markets, such as Raleigh, N.C., or Oklahoma City, where foreclosures aren’t symptomatic of local economic ruin, were measured.

Then, we looked at how real estate prices have moved since 2006, based on data from Moody’s Economy.com. No city has seen massive median price jumps, but making a foreclosure buy in San Antonio, where prices grew 8.24% between 2006 and 2007, carries far less risk than Sacramento, where prices dropped approximately 10% over that same time period.

What’s happening to home prices in your community? Weigh in. Add your thoughts in the Reader Comments section below.

Next, we looked at the spread between median prices and foreclosure prices, with data supplied by RealtyTrac, to determine where banks and sellers were offering the largest discounts on foreclosed properties. Stubborn sellers looking for full value aren’t as helpful to a bargain hunter as sellers willing to make a short sale–where the home is sold for under the outstanding loan value–in order to unload a property quickly.

By this measure, Charlotte, N.C., performs very well. Foreclosure prices are 28% below median prices, for an average savings of $56,874. Not bad in a market where the median sales price is $147,299. Foreclosures and real-estate-owned properties are available through local listing agents, though the most comprehensive databases are found in the online depositories of companies like RealtyTrac. As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





Non-lethal way to control geese! Stop the Claim Jumping Geese!

28 03 2008

Lee’s Notes: Another shamelessly stolen article from George Rotramel. THANKS GEORGE!!! This one is a way to keep geese from nesting/abusing your property. NOW IS YOUR LAST CHANCE TO SCARE THEM OFF FOR THIS SEASON!!!

The non-migratory subspecies of the Canada goose is becoming an increasing problem in cities and suburbs in the Midwest and eastern , particularly around ornamental ponds and other impoundments. The worst goose problems occur when the birds are breeding. Both males and females will attack people who come too close to their nests or their young. Here’s how to manipulate the birds’ behavior to prevent nesting and its attendant problems in localized areas.

Unfortunately, this won’t solve the overall problem in your community. Your particular gaggle of geese will simply go somewhere else. Areawide goose populations won’t be reduced until the carrying capacity of the environment is decreased. This means fewer ponds, fewer highly attractive grassy areas, or increases in predators and other mortality factors. We know that predation works. Today’s non-migratory pest geese had been hunted almost to extinction by the 1960’s. It took an organized effort by wildlife managers to bring them back. 

Get rid of your geese by taking advantage of the 4 phases in their breeding cycle:

1) Selecting This Year’s Nest Site…November through March

2) Committing to this Year’s Nest Site… March through May

3) Defending the Nest, Eggs and Nestlings…May through July

4) Scouting for Next Year’s Nest Site…July through November

Notice that the commitment and defense phases coincide with the peak in goose/human conflicts. These are the times when the geese are most dedicated to ‘their’ real estate.

The other two phases, scouting and selection are when the geese are least willing to fight over real estate, and this is when they can be convinced that nesting on your particular property is not a good idea.

Geese will abandon a particular area as a nest site if they are chased or disturbed regularly before they have made their final selection for the coming breeding season. Walkers, joggers, even bicyclists can harass them. People can walk and exercise their dogs in the area and just let their dogs be dogs. The more haphazard these activities are, the better. Just so several disturbances are delivered at different times each day.

Winter is the time to start planning your goose chases. Begin your trial runs as soon as you can in January or early February at the latest. The idea is to have an operational system in place by March that you can keep up until June, by which time the geese will have decided to nest somewhere else. Then you can put your program on cruise control until the nest selection process begins next winter. NOTE: Do not attempt to chase geese in midsummer. Geese molt during this period and are ‘grounded’ until their new flight feathers come in.

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





FREE Dandelion control!!! Do the Dandelion Stomp!

27 03 2008

Lee’s Notes: Hope George Rotramel doesn’t mind, but i am shamelessly stealing the Dandelion Stomp from him! I am unsure if this really works, but am willing to put it to the test this year!! Thanks George! Now if you could just come up with an easier way to deal with doggie doo doo!! My dogs keep looking at me and I can tell they are thinking “If I knew he was going to pick it up anyway, I would have just done it inside near the trash!”

Dandelions are one of the worst weeds of turf, but they have one critical weakness. They can’t handle trampling. The complete stem of a dandelion plant is crammed into a cylinder a few millimeters long right where the flower stalks emerge from the center of the leaf whorl. Trampling this stem crushes it and exposes the plant to infection by plant pathogens. The result is a dead dandelion with no time-consuming digging, no pulling, and no herbicide application.

Here’s how I trample dandelions. You may prefer to develop your own technique.

There’s no need to make a big dent in the turf or soil. Just place the back half of your shoe or boot heel on the center of the plant, put your weight down as if you were about to step off with your other foot, and then twist your heel back and forth 2 or three times. With practice, you’ll be able to complete the whole maneuver in about 1 second.

Dandelions can be controlled by trampling at any time of the year, but they seem to be most vulnerable when the first flower buds appear in the early spring. Or you can wait and use the first open flowers to spot your targets. Trampling breaks the flower stems and prevents seed set. Larger, older plants are more resistant to trampling and may need to be trampled 2 or 3 times at weekly intervals before they succumb. Smaller plants are easier to kill but they are harder to spot. You may not see them until they begin to bloom.

For proof that trampling works, wait till dandelion season arrives in your locale and check out the pattern of blooms and/or puff balls on dandelion infested soccer fields, parks or other play areas. You’ll probably notice the “dandelion free zone” in the front of the goal cage and down the center of the soccer field— and plenty of dandelions in the far corners of the goal cage and outside the lines of the playing area.





Low cost ways to save water at home!

26 03 2008

Lee’s Notes: In Central Indiana we dont really have problems with water shortages, but I found this article interesting and wanted to share. Always in the past water conservation in plumbing fixtures have been sacrilege, but technology is making great strides, and maybe we should start looking at our options again.

If you live in an area where water shortages are not an issue, consider yourself lucky. Nearly 450 million people in 29 countries face severe water shortages. Predictions indicate that within 5 years, at least 36 U.S. states will face water shortages due to a combination of rising temperatures, drought, population growth, and waste. 

But there is hope — research has shown that residential water use could be reduced by as much as 50 percent through efficiency. Here are a few simple, low-cost suggestions for reducing your family’s water consumption. 

Reduce water use from showers and faucets
Although it’s often the smallest room in the house, the bathroom is where 75 percent of indoor household water consumption occurs. Seem impossible? Consider this: The average 6-minute shower uses about 20 gallons of water! Reduce this amount with the following tips: 

  • No cost: Limit shower time to 5 minutes or less.
  • Less than $10: Install an on/off valve between the shower arm and showerhead. This temporarily shuts off the flow while maintaining the temperature, and can be a useful water-saver while soaping up or shaving.
  • $10-$50: Install a low-flow (less than 2 gallons per minute) showerhead. Previous low-flow showerheads sacrificed water pressure for efficiency, but now there are many options (GAIAM and Delta make two of my favorites) that don’t simulate a dripping faucet.
  • $20-$50: Insulate all accessible hot-water pipes, especially those within 3 feet of the water heater. You’ll get hot water faster, avoid wasting H2O while it heats up, and save energy in the process.

Finally, fit all household faucets with low-flow aerators (less than two gallons per minute). This is the best in-home water conservation method, and it’s also the cheapest. 

Toilets are the enemy
Each day, the U.S. uses 5.8 billion gallons of fresh water to flush waste. If you’re in the market for a new porcelain throne, check out options with either a very low (less than 1.6) gallon per flush (gpf) rating, or dual flush controls.

This new technology provides 2 buttons for flushing: one at 1.6 gpf for solid waste, and another at only 0.8 gpf for liquids. These double-duty flushers can reduce water usage by up to 67 percent compared with traditional toilets. 

Feeling even earthier? Go for a waterless composting toilet and be the envy of all your neighbors! 

And if you haven’t budgeted for a new toilet, try these quick fixes: 

  • Check for leaks: Put a little food coloring in your toilet tank. If the color begins to appear in the bowl within 30 minutes, you have a leak that should be repaired. Most replacement parts are inexpensive and easy to install.
  • Displace water: Most older toilets don’t require nearly as much water as they use (3.5-5 gallons) to flush properly. To “trick” your toilet into using less water, place a half-gallon plastic bottle inside your toilet tank to displace water volume. (Be sure at least 2.5 gallons of water remain in the tank so it will flush properly.) Ideally, weigh down the bottle with sand or pebbles so it doesn’t interfere with the tank mechanisms. This simple retrofit could save a three-person family 225 gallons of water per month! Not a do-it-yourselfer? For only a few dollars, you can purchase a prepared toilet bag designed to displace 0.8 gallons of water with every flush.

Minimize appliance water consumption
Outside the bathroom, most water is used to wash clothes and dishes. Rather than wearing dirty clothes and using paper plates, keep these tips in mind while tackling daily chores: 

  • Fully loaded: Dishwashers and clothes washers should be operated when full for optimum water conservation. If you must wash partial loads, adjust the water levels as appropriate.
  • The dishwasher is your friend: Even old-school dishwashers don’t use as much water per dish as hand-washing. Newer, more efficient dishwashers use only 1/6 of the water used during hand-washing, and save 230 hours of yourtime each year.
  • Scrape, don’t rinse: Pre-rinsing dishes before loading the dishwasher is unnecessary. Scrape off food and then trust that bad boy to do its job.
  • Pass on permanent press: Avoid the permanent press cycle when washing clothes, which uses an additional 5 gallons for the extra rinse.
  • Upgrade your equipment: Consider buying a water-saving front-loading clothes washer, or a top-loading one with no central agitator. Check ENERGY STAR for ideas and ratings.

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





Spring Gardening Checklist!

25 03 2008

Lee’s Notes: Another checklist for spring gardeners. Shamelessly stolen from here

Spring is on the way, and warm weather is beginning to peek around the corner, inviting us outdoors and begging gardeners to get their hands dirty. But unless you live in a tropical climate, there is still plenty of freezing weather to come, so don’t get ahead of yourself! Resist the urge to set out new plants, and use this promising season to pay a visit to your garden and tend to what’s already there.

  1. Give your shrubs a makeover. This is a good time to prune shrubs, except for those that bloom in the spring. Remove any deadwood and encourage the shrub’s natural shape.
  2. Complete that “Honey-Do” list. Finish building that trellis, raised bed, or stepping-stone path you started last fall. Inspect your garden for any needed structural repairs.

  1. Clear out the rubbish! Remove debris from drainage ditches, gutters, and planting beds. Clear unwanted brush and undergrowth. Cut back dead foliage on last year’s perennials and ornamental grasses before new growth starts.
  2. Make use of all that trash. Turn your compost pile, or start one now.
  3. Be proactive. Get rid of weeds as they sprout, and go ahead and take measures to protect your garden from pests.

  1. Feed the ground. Once your soil is dry enough, amend your planting beds by “top-dressing” with a couple of inches of compost or your favorite organic mix.
  2. Dress it up (and protect) with mulch. Even out your mulch with a rake to a depth of 2 to 4 inches and add more if needed. In colder climates, lightly cover early bulb shoots to protect them from a hard freeze.
  3. Spring-clean the potting shed. Give your gardening tools a good oiling, sharpening, and tune-up. Clean out empty flower pots, and dispose of any unused or broken ones. Old clay pots can be broken up to use for drainage in container gardens.
  4. Take care of our feathered friends. Clean out and inspect birdhouses and feeders.

  1. Don’t forget the lawn. Early spring is a great time for correcting and reseeding the lawn. Hold off on disturbing the soil, or heavy raking, if the ground is still frozen.
  2. Move it indoors. Start seeds indoors for later planting in the garden. Repot houseplants if needed, and prune any dead foliage or overgrowth.
  3. Plan and dream! Spend these first days of spring in your garden making plans for the coming year. As you enjoy the fresh air, sunshine, and emerging birds, indulge in the excitement that only spring can bring. Spring is the season of possibility and renewal, so inspect your garden with a critical eye and an open mind – what is it asking you to do this year?

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





How to remove pet hair!(Besides shaving the pet, which is prolly more fun!)

24 03 2008

Lee’s Notes: Found this article, and thought I would share.. I love my Beagle and Jack Russell Terror to death, but that shedding is darn annoying sometimes! 

Hair on your pants from a loved animal could be very frustrating. It could also make you so annoyed with your pet that you would avoid them at all costs when you’re about to leave for a special occasion. It finds its way deep into carpets, furniture, and car upholstery as well. This article provides information on how to remove pet hair from clothing, carpeting and/or upholstery.

1) Weigh it down. Lightly dampen the palm of your hand. Wipe the pet hair off in a downward motion. The hair will ball up and stick to your damp hand.

2) Barely dampen a clean, regular kitchen sponge (or sponge mop if you’re removing pet hair from a low-pile carpet, in which case the floor should be thoroughly vacuumed first). Rub the fabric, upholstery, or carpet with the sponge. The fur should roll up into clumps that you can pick off by hand.

3)Put on a latex glove. Rub the surface with it on. The pet hair should stick to your glove. This also works with rubber gloves or cloth gardening gloves with a rubber coating on the palm. A rubber bristle push broom can work in the same way on floors. Dampen the glove or rubber section of the glove for increased effectiveness.

4) Inflate a balloon and rub it across the surface that has pet hair on it. The static on the balloon’s surface will attract the hair (works on yours, too) which you can collect and then re-use the balloon to get more hair.

5) Rub hook-and-loop (e.g. Velcro) curlers on the surface to catch the hair. If the curler has a metal inner form, it can be bent to reach corners.

6)Apply fabric softener. A fabric softener sheet that normally goes in the dryer can be used to pick up pet hair. You can also mist the surface with a mixture of fabric softener and water to “prep” the area before removing the pet hair using any of the other methods.

7) Groom your pets regularly to reduce the amount of loose hair on them. Vacuum carpets and furniture regularly (chairs/couches and cat carpet towers), and wash whatever throw rugs and linens on which the pets sleep or have contact.

TIPS:

  • Rolling, sticky lint removers work, as does a piece of duct tape wrapped around your hand with the sticky side out, but after one swipe you must move onto the next piece, which is more wasteful than the above methods.
  • Clothing can be put in a washing machine and into the dryer with a static sheet. Once it’s cleaned, hang it up. Be careful, though, because dark solid colors tend to spot (almost looks like grease spots) when they’re the only clothes in the dryer with a dryer sheet
  • In the office, the sticky sided clear label holders shipping companies provide make an excellent hair removal glove.

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





How to install a telephone jack!

19 03 2008

Lee’s Notes: Another shamelessly stolen article from here.  Be careful and don’t hold me responsible if you mess up.. /tease

Telephone jacks can be either flush or surface mounted, so be sure to buy a replacement jack that fits your particular setup.

While phone lines are low in voltage, they carry enough current when they ring to give a mild shock, so it’s a good idea to disconnect the line before working on it. Also, never work on a phone line during a thunderstorm, since lightning can travel down the wire causing serious injury.

To disconnect the line, find the telephone interface box which is usually mounted on an outside wall where the phone lines runs into your house.

Open the customer access panel and unplug the test jack.

On older interface boxes without a test jack, unscrew the terminals and detach the wires, remembering which one went on which terminal.

If the interface box isn’t easily accessible, take another phone on the same line off the hook to prevent it from ringing while working on it.

After checking to be sure the line you’re working on has no dial tone, unplug the phone from the jack. Remove the jack from the wall, noting which colored wires are hooked up to the terminals so you can match them to the new one.

While only two wires are required for a phone to work, the cable usually contains four or more to provide for additional lines or in case one line should fail. These are color coded with red and green normally used for the first line, yellow and black for the second, and blue and white for the third.

After removing the wires from the old jack, attach them to the new one. If the stripped ends of the wires appear discolored or brittle, cut off the damaged section and strip the outer insulation around the line back a couple of inches, being careful not to nick the wires.

Using a utility knife, cut back ½” to ¾” of the insulation around each wire.

Bend the exposed end of the wire into a “U” shape with needle nosed pliers.

Slip the wire over the corresponding terminal on the new jack so it wraps around the terminal in a clockwise direction.

After tightening the terminal screws, attach the jack to the wall, reconnect the line at the interface box, and plug the phone back in.

For more safety information regarding working on phone lines, go to our article Replacing a Telephone Jack.





Recycle almost everything!

19 03 2008

Lee’s Notes: This article was shamelessly copied from Emagazine and Sally Deneen. You can go here to see the original version of this article.

Don’t throw away those exercise videos and ubiquitous AOL CDs. Jim Williams wants you to mail old videotapes and CDs to him, so that more than 40 disabled staffers at his ACT Recycling in Columbia, Missouri can recycle them. And, oh, don’t toss out those used Fed-Ex envelopes or broken smoke detectors; their manufacturers take them back for recycling.

© Jason Kremkau

Indeed, these days, it seems that more cast-offs than ever can be recycled. No matter where you live, you can recycle a wide range of discards—aseptic juice packages, printer cartridges, ordinary batteries, iPods, PDAs, and even cell phones. Surprised? Recycling has leap-frogged ahead, meaning if you haven’t checked the recycling scene since the mid-1990s, it’s possible that much of what you thought you knew is wrong. Not only can you recycle more things, but your discards are very much in demand, perhaps more than you realize.

Get this: Recycling and reuse businesses now employ about as many people as the auto industry, if not more, according to a 2001 “U.S. Recycling Economic Information Study” commissioned by the U.S. Environmental Protection Agency and several states through an agreement with the National Recycling Coalition. At least 1.1 million people now work in the industry, more than triple the jobs in mining. BusinessWeek in February pegged the number of auto factory workers at about 950,000. Demand from industrializing China and India is helping spur the U.S. recycling industry, which now provides a “major source of raw materials,” according to Jerry Powell, editor of Resource Recycling magazine.

“Without recycling, given current virgin raw material supplies, we could not print the daily newspaper, build a car, or ship a product in a cardboard box,” says Powell. “Recycling is not some feel-good activity; it is one of the backbones of global economic development.” To his way of thinking, recovering cast-offs and putting them to good use “are key ingredients to industrial growth and stability.”

Is the Job Getting Done?

And yet, there is a problem. It becomes obvious when peering into a garbage can at a community festival or in the dumpster behind your local shopping mall. Curiously, while recycling has grown to more than 9,000 curbside programs nationwide, a greater percentage of recyclable plastic bottles and aluminum cans are ending up in the regular garbage.

Aluminum can recycling has dropped steadily, from a 1992 high of 65 percent of cans to 45 percent by 2004, according to the Container Recycling Institute. The Aluminum Association puts the latter figure at 51 percent. Plastic bottles fare worse: While nearly 40 percent of PET plastic bottles were recycled in 1995, only about half that many—21.6 percent—were recycled in 2004, according to the National Association for PET Container Resources. Powell says recycling levels exceed 50 percent for such materials as corrugated cartons and steel.

Paul Gardner got an unanticipated glimpse into why recycling rates are slipping in Minnesota, thanks to a phone survey of 800 Minnesotans that included this single recycling-related question: “Do you think manufacturers need more cans, bottles and paper?” Only 36 percent said “we need more,” and those folks tended to have a high-school education or less and be younger (ages 24 and under).

© Jason Kremkau

“The more education you have, the more likely you are to be cynical about recycling,” concluded Gardner, who is executive director of the Recycling Association of Minnesota. “We don’t know [why], to be honest,” though the purpose of the survey question was “to see how many people in the state still cling to the idea that there is a glut of recyclables, because we need all the material we can get right now and more.” He adds, “We’ve got some work to do, since almost three-quarters of Minnesotans think that we don’t need to recycle more. Twenty-four percent of our garbage is still recyclable paper, so we have more to get.” Confronting the Naysayers

Gardner also spends time combating impressions sometimes bandied about in the media, most famously in “Recycling Is Garbage,” a 1996 cover story in the New York Times Magazine, in which libertarian writer John Tierney argued that recycling could be “the most wasteful activity in modern America.” Tierney wrote, “Recycling does sometimes make sense—for some materials in some places at some times. But the simplest and cheapest option is usually to bury garbage in an environmentally safe landfill. And since there’s no shortage of landfill space (the crisis of 1987 was a false alarm), there’s no reason to make recycling a legal or moral imperative. Mandatory recycling programs aren’t good for posterity. They offer mainly short-term benefits to a few groups—politicians, public relations consultants, environmental organizations, waste-handling corporations—while diverting money from genuine social and environmental problems.”

When the American Prospect in 2001 profiled Tierney and asked about his 7,800-word anti-recycling story, he said: “I could write something about the good side of recycling. And there are some benefits. But everybody else writes that.” The Times story still reverberates. E, by the way, responded to Tierney’s piece with its own cover story, “Talking Trash: Recycling is Under Attack,” which appeared in the March/April 1997 issue. At the time, the New York Times Syndicate distributed both articles as a pro and con package.

“We’ve been fighting negative images ever since then,” says Gardner, who tries to counter attacks from similarly themed articles, including “Why Recycling is Garbage” (Forbes 1997) and “Recycle This!” (Weekly Standard, January 2006). The Weekly Standard argued that there is plenty of sand, trees, petroleum and farm products to produce new glass, paper and plastic, so recycling is a waste of time that robs Seattle households of 16 minutes per week on sorting cast-offs.

Last January, Seattle began mandatory recycling. That means businesses and multi-family residential buildings face up to three warnings, followed by a $50 ticket if their garbage contains at least 10 percent recyclables (as of mid-February, no tickets had been issued).

Mandatory recycling is folly, contends the Weekly Standard. “To say we will someday run out of trees is the same as saying we will someday run out of corn,” the magazine opined, adding that the motivation behind recycling is “we get a warm and fuzzy feeling.”

Gardner and other recyclers shake their heads at such arguments. Recycling proves much more than an alternative to landfills, though high costs of garbage disposal in some areas certainly fuel interest; Seattle saves $4.4 million a year by recycling what otherwise would be trucked a few hours south to an Oregon landfill, says Brett Stav, a spokesperson for Seattle Public Utilities.

Recycling one aluminum can conserves 300 watt-hours, enough to run a 100-watt bulb for three hours. It takes five percent of the energy to make a new aluminum can out of an old can compared to making a new can out of raw materials. “Any time you make new stuff out of old stuff, it takes less energy, less chemicals, less water,” Gardner says.

A rash of scrap metal thefts illustrates just how much copper, aluminum and bronze are in demand. Manhole covers and sewer grates have gone missing in Indianapolis, aluminum siding was ripped from vacant homes in western Ohio, and at least 100 metal light poles have been hacked down and carted away in Maryland. Meanwhile, copper wire has been swiped from at least 2,500 light poles in the Kansas City area in recent months. Inconvenience isn’t a problem: Sixteen bronze plaques weighing a total 240 pounds went missing from a Minneapolis park. Three guys sold them, cut up, to a scrap yard—and were arrested by police the next day, according to news reports. The same fate befell an historic P.T. Barnum statue in Bridgeport, Connecticut, but the perpetrators were never caught.

In short, people want your scrap metal—and lots of other discards. Carpet manufacturers are looking for more plastic bottles. Plastic lumberers are looking for your moderately stiff plastic bottles (“HDPE” or “No. 2” plastic). In fact, there’s a market for lots of things that may be in your garbage can.

The following is a guide to help you recycle all those perplexing items you can’t bear to throw away. Also consider making a visit to your local recycling center, which will help educate you on how the processes work and help you gain perspective on the good folk who go through your trash.

Aseptic Packages

Those paper-and-foil juice packets are convenient to use, but not so convenient for recyclers. While they’re accepted in recycling bins at such places as Stanford University, just a fraction of U.S. households—approximately 12 million—can recycle them through curbside or drop-off programs, according to the Aseptic Packaging Council. Still, you’re welcome to ship clean, compact aseptic packaging for recycling to: BRING Recycling, Reuse Warehouse & Business Office, 86641 Franklin Boulevard, Eugene, OR 97405; (541)746-3023.

Autos, Trucks, Trailers, Boats, Jet-Skis, Motorcycles, RVs

Even if your vehicle doesn’t run, lots of nonprofit organizations want it. Numerous “vehicle donation programs” will gladly accept most towable vehicles. Pickup is free. Some sell the vehicles directly to raise money; others contract with someone to run the donation program for a fee. Best bet: Ask your favorite nonprofit organization whether it accepts vehicles. Those that do include Habitat for Humanity (877-277-4344), Wolf Haven International (360-264-4695, www.wolfhaven.org), Houston Audubon Society (713-932-1639, www.houstonaudubon.org) and People for the Ethical Treatment of Animals (757-962-8277, www.peta.org).

Batteries

© Jason Kremkau

Household single-use batteries: If your community hazardous waste program doesn’t take them or can’t refer you to a local business that does, then try a private firm such as mail-order Battery Solutions (800-852-8127, BatteryRecycling. com). It recycles them for a fee of 85 cents per pound. You may find alternatives near you at Earth911.org. In San Francisco, where it became illegal to dump batteries in the trash as of February, all Walgreens stores accept old batteries. Across the country, Batteries Plus stores accept all batteries for recycling (800-677-8278, www.batteriesplus.com). Rechargeable batteries: RadioShack and Office Depot accept batteries from wireless phones, laptop computers, camcorders, cordless power tools, digital cameras and radio-controlled toys at no charge. These are Nickel Cadmium (Ni-Cd), Nickel Metal Hydride (Ni-MH), Lithium Ion (Li-ion) and Small Sealed Lead Acid (Pb) batteries weighing less than two pounds. To find other nearby recyclers, try Earth911.org, Rbrc.com or 877-2-RECYCLE.

Books

First, consider selling books to used bookstores or online at such sites as Amazon.com. Or donate them to libraries, thrift stores or the International Book Project (888-999-2665, www.intlbookproject.org). No go? Some curbside recycling programs, including New York City’s, accept paperbacks, comic books and other soft-cover books. Hardbacks, too, are accepted for recycling on the Stanford University campus and during special monthly “Electronics & Books Recycling Days” in Kane County, Ill. Check your recycling program’s rules.

Car Batteries, Motor Oil, Oil Filters, Antifreeze

Many auto-parts stores and service centers that sell these items will take your old ones for recycling; to find locations near you, go to Earth911.org. Nearly 40 states have laws ensuring consumers can return old car batteries; to view your state’s status, go to BatteryCouncil.org.

Carpet and Padding

Ask your carpet dealer if his or her company has access to a carpet recycling network, which is likeliest in California, says Bob Peoples, executive director of the carpet industry’s Carpet America Recovery Effort (CARE). You may strike out. Trouble is, there is no routine system for recycling old carpet, says Peoples. The picture should begin to brighten by the end of 2007. “We’re trying to build the infrastructure for collection around the country,” says Paul Ashman, head of Environmental Recovery and Consolidation Services (866-873-2244). “It’s an industry that’s just beginning.”

If you’re in the commercial sector, Peoples’ organization advises calling your mill representative, who can work with you to get your carpet recycled for a fee. Find potential contacts and locations of carpet reclamers at CarpetRecovery.org.

Cell Phones, Pagers, PDAs

© Jason Kremkau

Drop them off at Staples office supply stores or go to CollectiveGood.com, where you’ll choose a charity to benefit before shipping them to: CollectiveGood, 4508 Bibb Boulevard, Suite B-10, Tucker, GA 30084. Many programs accept cell phones (which have an average lifespan of 18 months), including police stations and Call to Protect (www.DonateaPhone.com), which gives phones to domestic violence agencies. The nonprofit Rechargeable Battery Recycling Corp. recycles phones and gives a portion of proceeds to charity; for drop-off sites near you, go to Call2Recycle.org or call 877-2-RECYCLE. Alternatively, get cash, $2 to $100-plus, for newer-model cell phones from CellForCash.com (800-503-8026). It is now illegal in California to toss cell phones in the trash. Clothing

Thrift stores want usable clothes, but not tattered items. Turn frayed or torn clothing into rags for painting and cleaning at home. In Vermont’s Chittenden County, residents can take clear bags of clean, dry clothing and linens to the solid waste department’s drop-off centers for no fee. Also, consider joining or hosting a local clothes swap event (learn more at www.swaporamarama.org).

Computers

Give your computer to charity or a school if it’s still good; find possible outlets at ShareTechnology.org or Earth911.org. Broken? Obsolete? That’s another story. Ever since “the dirty little secret of the high-tech revolution”—the dumping of toxic electronic waste on developing nations—made national news in 2002 with the release of a graphic report by Basel Action Network and four other groups, e-waste has been a touchy issue for consumers. To see a list of recyclers who’ve signed pledges to be good stewards, go to www.ban.org/pledge/Locations.html. Alternatively, ask your community’s hazardous waste program for recommendations of responsible recyclers. Seattle’s “Take It Back Network,” for instance, lists local recyclers who’ve pledged to recycle responsibly and not ship waste to developing nations. Find that list at www.metrokc.gov/dnrp/swd/electronics/index.asp.

About 20 states have passed or considered legislation that would require manufacturers to recycle their computers. That’s an approach supported by Dell and HP. Dell will take back certain Dell and non-Dell monitors, desktops, towers, notebooks, printers and peripherals. Example: recycling a PC and a monitor would cost you $20 to cover home pickup, shipment and recycling. Fee may be waived if you buy a new Dell computer. Get instructions at www.Dell.com/recycle. Manufacturer HP will take back any computer hardware from any maker. That includes printers, scanners, fax machines, monitors, handheld devices, plus their cables, mice, keyboards or other external components. The company says they’ll be reused or recycled “in a way that conserves resources.” Fee: $13 to $34 per item. Get details at http://tinyurl.com/57hz.

Eyeglasses

Drop them off at LensCrafters, Pearle Vision, BJ’s Optical, the optical stores at Sears or Target, or your local Lions Club. Refurbished glasses are delivered to developing countries.

Fluorescent Lights

In San Francisco, where in February it became illegal to dump fluorescent bulbs in the garbage, several hardware stores accept them, including Brownie’s, Cliff’s Variety and Cole Hardware. Check the rules of your community’s hazardous waste program, which may accept the bulbs at solid-waste drop-off sites, as in Vermont’s Chittenden County. For a list of companies that say they recycle the spent bulbs, go to Lamprecycle.org.

Fruit Rinds, Veggie Scraps, Coffee Grounds, Tea Bags

Turn them into rich compost for your garden or houseplants by starting a compost bin or worm bin—even in New York City, no matter how small your space, as the New York City Compost Project urges. Find step-by-step instructions for starting an indoor worm bin or backyard compost bin at www.NYCCompost.org.

iPods

If a friend or loved one doesn’t want your hand-me-down and if selling your iPod on eBay isn’t your thing, then consider Apple’s recycling program. Take an unwanted iPod, iPod mini or iPod photo to any Apple store. You’ll get a minor (10 percent) price break on any new iPod bought that day. The company says your oldie will be processed domestically. Magazines, Catalogs, Phone Books

Friends or family may want your old magazines. If not, surprise, your curbside recycling program likely accepts magazines and catalogs; call yours to check. Phone books are accepted any time by some recycling programs, as in Meridian, Idaho and Atlantic County, New Jersey, though yearly phone-book recycling events are the norm in many places.

Too few people seem to know that magazine recycling has expanded considerably since the 1980s, when recycling programs tended to forbid glossies, according to ReMix, a National Recycling Coalition program first launched in Boston and Maryland’s Prince Georges County in 2004 to encourage magazine recycling. Case in point: Only 31 to 35 percent of magazines in Wisconsin are recycled, while programs there are doing a better job capturing other items.

Miscellany (Crayons, Art Supplies, Wine Corks, Fabric)

Many states have “material exchanges” where odd stuff is collected and made available to the public for use. Outdated calendars, office paper that is used on one side, wallpaper, flooring samples, crayons and other stuff is gladly accepted by Materials Exchange Center for Community Arts in Eugene, Oregon, whose credo is “creativity is the solution to our garbage problem!” To see if there’s a materials exchange near you, search Google.com for “materials exchange” or call your local hazardous waste department.

Newspaper, Aluminum Cans, Metal Cans

© Jason Kremkau

Curbside recycling programs traditionally accept these mainstays; if yours doesn’t, the nearest scrap yard wants them. Alternatively, ask around to learn whether a local charity collects aluminum cans to raise money. Pull tabs from aluminum cans are welcomed by Ronald McDonald houses, which trade them for cash (www.rmhc.org). Paint

Your community’s household hazardous waste program will take paint cans and possibly recycle leftover paint into newly formulated paints available for resale, as happens in Knoxville, Tennessee, and Portland, Oregon. Some nonprofit organizations welcome usable paint; to check locally, go to Earth911.org. Empty dried-out paint cans without lids are accepted as part of the regular curbside recycling pickup program in such places as New York City and Kane County, Illinois. Check your program.

Paper, Cardboard Boxes

Chances are that your curbside recycling program accepts more types of paper these days than just flattened cardboard boxes and newspapers. Los Angeles residents, for instance, can also recycle clean and dry computer paper, ledger paper, wrapping, arts and craft paper, mail, flyers, telephone books, note cards, blueprints, magazines, file folders, paper bags, Post-it notes, catalogs and all envelopes including those with windows. They also can toss in “chipboard” boxes including empty rolls of toilet paper, cereal boxes, frozen food boxes, shoeboxes and detergent boxes. Check your program for its latest rules.

Plastic Bags

Use supermarket bags as kitchen garbage bags or as pooper-scoopers for dog and cat waste. Some supermarkets recycle bags; check for a bin at the store entrance. Your curbside recycling program may also recycle plastic bags, so call to check. Dog parks often invite the public to stock their makeshift pooper-scooper-bag dispensers; stuff them with grocery bags, clean produce bags, those plastic sleeve-length bags that come with home-delivered newspapers, and crumb-free bread bags.

Plastic Containers

Community curbside recycling programs often accept plastic bottles marked “1” or “2” on the bottom. Rules for other plastics vary wildly from place to place. Seattle advises residents to ignore altogether the numbers stamped on container bottoms and recycle only plastic bottles, tubs, jugs, jars and pill bottles with a “neck and shoulders,” such as vitamin bottles, but not cylindrical prescription bottles. Meanwhile, some community recycling programs nowadays accept plastic containers marked “1” through “7,” as in Palm Beach County, Florida and rural Franklin County in Massachusetts. Check your recycling program for its latest rules. You may learn that it has started accepting a wider range of plastics than you thought. Otherwise, see if there is a plastic lumber manufacturer in your area, because such businesses will almost certainly take any type of plastic.

Packaging “Peanuts”

Most UPS Stores accept clean foam peanuts; find nearby stores via 800-789-4623. Alternatively, search LooseFillPackaging.com or call the Peanut Hotline at 800-828-2214.

Pots, Pans, Aerosol Cans, Aluminum Foil

© Jason Kremkau

In New York City, it’s the law: Residents must place all of that stuff in recycling bins. Failure to separate them from the garbage or to clean up aluminum first can lead to a ticket. Yet, many recycling programs don’t accept any or some of those items. Los Angeles, for instance, takes clean aluminum foil and aerosol cans, not the rest. Moral: Check your program’s latest rules. Strike out? See your local scrap yard. Printer Cartridges First, save money by refilling inkjet cartridges a few times through ink-refill services offered by such providers as Printpal.com (888-772-1361), CarrotInk.com (877-322-7768), and Walgreens stores. Then take exhausted cartridges to OfficeMax or Office Depot, which will trade you certain models for a free ream of recycled paper. Staples trades them for a $3-off store coupon. Alternatively, Freerecycle.com promises to pay up to $3.60 apiece for nearly 80 types of ink cartridges.

Priority Mail (Tyvek) Envelopes

Tyvek-brand envelopes, such as those used by Fed-Ex and for U.S. Postal Service Priority Mail, can be shipped back to Tyvek for recycling. If you have fewer than 25, turn one of them inside out, then stuff it with the rest. Ship to: Terry Fife, Tyvek(r) Recycling Specialist, 5401 Jefferson Davis Highway, Spot 197, Room 231, Richmond, VA 23234, (866)338-9835.

Records

Sell your old records to an independent music store or at Gemm.com, the self-described “world’s largest music marketplace,” or donate them to a thrift store.

Smoke Detectors

They last only 10 years and contain radioactive Americium 241, so send dead ones back to the manufacturer. Send First Alert, BRK and Family Guard Smoke Detectors to: BRK Brands, 25 Spur Drive, El Paso, TX 79906, (800)323-9005; www. first alert.com. On the front of the package, write “For Disposal.” Up to five smoke alarms are accepted for free.

Ship American Sensors and Dicon Smoke Detectors by surface mail to: Dicon Inc., 20 Steelcase Road West, Unit #3, Markham, Ontario L3R 1B2, Canada, (800) 387-4219. On the front of the package, write “For Recycling, $0 Value.”

Styrofoam

It’s easiest to reuse white block foam as packing material. But if there’s a place that manufactures it somewhere near you, that business likely will accept it, says John Gogol, president of PC Plastics in Oregon. Residents of Portland, Boulder, Colorado, and Seattle have it easier: they can take block foam to certain drop-off sites.

Videotapes, Floppy Disks, Zip Disks, DVDs, CDs, Jewel Cases

© Jason Kremkau

Ship them to Missouri via media mail, where disabled employees of the nonprofit Alternative Community Training erase and repackage donated media for resale under the GreenDisk label. Download a donor form from ACTRecycling.org. Send items to: Alternative Community Training, 2200 Burlington, Columbia, MO 65202, (800) 359-4607. Alternatively, you can ship your stuff directly to GreenDisk through its Technotrash Pack-IT service (800-305-DISK, www.greendisk.com). For $5.95, you can ship up to 20 pounds.

Wire Hangers

Wire hangers may be unacceptable to Joan Crawford, but they’re taken in by some dry cleaners and by curbside recycling programs in such communities as New York City, Seattle and Palo Alto, California. Salvage yards may also take them.





How does foreclosure work or when are the times to buy a foreclosure?

18 03 2008

I was at a seminar on Tuesday, and I saw a great flow diagram of how the foreclosure process works.. I’ll try and describe some of the process because it wouldn’t make sense if you just saw the diagram.

It’s important to realize that banks really don’t want properties. They want the money. It costs them a lot of time and money to foreclose on someone, and they really don’t want to do that. Also important to note that each bank has a loss mitigator(s) who generally is charged with handling about 300 short sales a month, and they pick and choose which ones they mitigate(because they get paid off those), so they narrow it down to about the 50 best, and only about 1 in 3 of those close each month. So you really need to have your package(offer, paperwork, etc) done right, or they just throw it away.

Here is the process as I understand it.

1) Seller can’t afford the payments on a home and become delinquent.

2) Bank starts foreclosure process.

3) Seller can catch up the payments, short sale the property, or be foreclosed upon. Note: Sometimes the bank will offer to create another loan(forebearance agreement), generally at a higher percentage rate and for a high origination fee, for the amount of delinquent payments plus other charges. So if you are 3k delinquent, they will create a new loan for 3k+(plus other delinquent fees, and want a high downpayment) and then have you start making payments on both the original loan and this new loan. Chances are if you couldn’t make the first payment, it won’t be long til you can’t make the two payments and are back to step one.

4) Buyers/Investors have a chance to get lender to agree to short sale, or can possibly buy the bank note(buy the loan in its’ current state). Important to note that PMI and FHA/VA Insured loans can be a major detractor in your ability to get a short sale closed. I heard an interview with a loss mitigator, where he stated that even if you are offering 100% of the homes value(not the original loan value, but the current value), the bank might have to decline your short sale, because PMI or FHA/VA has deemed that the appropriate action. Buying the note is an interesting idea, you buy the note at 50-80 cents on the dollar, maybe you can lower the interest rate and forgive some late fees, etc and keep the seller in the home making payments. you bought the loan for 50-80 cents on the dollar, and the seller is still paying on the loan at original value. After a year, if they have kept up on their payments you can sell the loan to another investor as a performing loan at closer to original value of loan or at a discount if you original loan purchase value was high enough.

5) Home is foreclosed upon and goes to Sheriffs Auction. Note: If bank buys the property back, they are basically paying themselves(minus sheriffs’ fees). This is where 2nd, 3rd, or other loans can get the shaft(in most cases). 1st mortgage gets paid first, etc. Important to note: Sheriff’s Auction is not the best place to buy homes. A) you are bidding against banks who are paying themselves off, and B)you are buying “As Is”, with no ability to say yes or no AFTER an inspection(you can usually get an inspection on pre and or post foreclosure. They may not repair anything, but you get an idea if you are getting in over your head, or not)..

6) If bank buys property back, they can sell home via REO(Real Estate Owned) Realtor, sell the home via their own in-house REO Realtor(rare), or if the home was insured for enough money, then they can just turn the home over to the PMI company/HUD/VA.

Side Note: For people who don’t think percentage rate on a loan drastically affects your monthly payment…

150k loan at 7% = $997 p/month payment
150k loan at 8% = $1100 p/month payment
150k loan at 9% = $1207 p/month payment

So if you get an ARM and it adjusts 1-2% a year you can see how quickly you can get in trouble. Google for a mortgage calculator if you want to plug in your own numbers.

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!





Shopping leads to more shopping(buying)!

17 03 2008

Lee’s Notes: Interesting article.. Has me thinking how I can get people into a house and get them in the spending mood.. /snicker…. Basically, if you go into a store and make the decision to buy one item, it opens the floodgates, and you are more likely to buy multiple items from that retailer…

Recent research at the Stanford Graduate School of Business suggests that shopping can lead to more shopping.

When such savvy marketing researchers as Uzma Khan of Stanford, Ravi Dhar of Yale, and Joel Huber of Duke noticed that shopping sometimes proceeded unchecked even in their own private domains, they decided to get to the bottom of things. Setting up a series of tests of purchasing behavior, they found that for most people buying that fateful first — and often innocent — item seems to open the purchasing floodgates. This realization, they say, has important implications for how stores are laid out as well as for understanding individual behavior.

These researchers indicate that shopping is a two-stage process.

  1. First, a consumer deliberates over the need to purchase an initial item, weighing the pros and cons.
  2. Once this initial “deliberation phase” has ended — once a consumer has decided to buy one thing — the consumer deliberates less about subsequent items.

Essentially, once a person decides to buy one thing, this creates “shopping momentum”, increasing the likelihood that he will buy additional items. If you pick up an impulse item (like a magazine or candy bar) as you enter a store, this can serve as a trigger to encourage you to buy more.

PS – Did i ever tell you how bad it is to make larger purchases before closing on a new home? Had a couple who were buying a new home, and 2 days before closing, they went out and spent 4k(got a loan) on new furniture.. The bank did a credit check before closing, and that extra 4k put them over a threshold and the bank declined the loan at the last minute…

As always, if you like what I write, and you or someone you know is looking to buy, sell, and or invest using a great realtor in central Indiana, or anyplace else for that matter. Please feel free to send me the persons name, email, address, and or phone number and I will be happy to help them, or refer them to someone else who can… In the process, I may earn a referral fee, if i cant help them myself!