ART Holdings Limited 2016 Abridged Report

first_imgART Holdings Limited (ARTD.zw) listed on the Zimbabwe Stock Exchange under the Paper & Packaging sector has released it’s 2016 abridged results.For more information about ART Holdings Limited (ARTD.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the ART Holdings Limited (ARTD.zw) company page on AfricanFinancials.Document: ART Holdings Limited (ARTD.zw)  2016 abridged results.Company ProfileAmalgamated Regional Trading Holdings Limited (ART) manufactures and distributes products in three key categories paper products, stationary and batteries. Its product portfolio is diverse; ranging from tissue paper, sanitary ware and disposable napkins to writing pens and automotive, solar and standby batteries. Its products fall under the brand names Exide, Eversharp, Softex and Chloride. The company also has substantial interests in timber plantations and offers forestry resources management services. ART has a southern African footprint, with a strong presence in Zimbabwe, Zambia, Malawi and South Africa. Formerly known as Beachmont Trading Limited, its name changed to Amalgamated Regional Trading Holdings Limited in 2001. The company is a subsidiary of Taesung Chemical Company Limited and its headquarters are in Harare, Zimbabwe. Amalgamated Regional Trading Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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Western Force axed from Super Rugby

first_imgFriday Aug 11, 2017 Western Force axed from Super Rugby It’s a sad day for rugby union in Western Australia as the Force have been kicked out of Super Rugby, following months of speculation. Due to the tournament being reduced from 18 to 15 teams for 2018, the Australian Rugby Union will discontinue their Super Rugby licence. South Africa teams the Cheetahs and the Kings have already been booted, and for months there was plenty of debate and heated discussion regarding which Australia team would get axed.The Melbourne Rebels appear to have won that battle, following several weeks of ARU consultation with rugby bodies and stakeholders, including government and commercial partners.The Force finished second on the Australian conference this year after 6 wins, while the Rebels finished last, with just the 1 win from fifteen games.ARU Chairman, Cameron Clyne said: “This has been a complex process to reduce Australia’s Super Rugby representation to four teams as agreed by SANZAAR following its review of the competition.“We are regretful that this issue has consumed so much of the public commentary on the game in 2017. It was clearly not our intention for this to play out over such a lengthy period however there have been factors outside the ARU’s control that have prevented us from completing the process.“Our decision to exit the Western Force has been guided primarily by financial outcomes.“As we have reinforced throughout this process, there are commercial realities which are linked to declining on-field performance across our Super Rugby teams which has put Australian Rugby in a position where it can no longer sustain five teams.“Furthermore, the significant unbudgeted support funding that has been provided to Super Rugby teams over the past five years has greatly affected our capacity to invest in community Rugby.“This is a sad day for Rugby, especially for Western Force fans. We accept that there will be anger and resentment over this decision and we sympathise with those fans. We sincerely hope that they are not lost to the game forever.“The decision to exit the Western Force from Super Rugby is not a decision to abandon the game in Western Australia. Western Australia will retain an important place in Australian Rugby and the ARU will continue to support youth development programs and the community game in the West.“There will be a clear pathway for young Western Australian Rugby players to reach the highest level and represent the Wallabies.“Our immediate concern is to support the individuals at the Western Force through these difficult circumstances and we will deploy various ARU management staff to Western Australia to provide assistance to all players and staff.”ARU CEO Bill Pulver has also announced that he will step down as soon as a replacement is found.Rugby Western Australia meanwhile released a statement, indicating that they will keep fighting.“RugbyWA remains committed to pursuing every possible means to ensure the Western Force remains a Super Rugby team in Perth,” the statement read. “RugbyWA is considering all options including bringing urgent proceedings in the Supreme Court of NSW, and legal action relating to the circumstances which led it to enter into the Alliance Agreement with the ARU.“Whilst the board of RugbyWA is extremely disappointed with the ARU’s stated position, with the support of the Rugby community and numerous WA business identities including Mr Andrew Forrest AO we will continue the fight to retain the Force in Western Australia.”Andrew Forest, an extremely wealthy West Australian businessman, has pledged to do everything in his power to fight for the Force’s survival.Western Force CEO Mark Sinderberry responded to the ARU’s decision earlier today.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Super Rugby 2017 Related Articles 200 WEEKS AGO Compilation of the best tries in Super Rugby… 201 WEEKS AGO Crusaders beat Lions to claim eighth Super… 201 WEEKS AGO Lions v Crusaders Super Rugby Final set to… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Aráoz Residential Building 967 / BAAG

first_imgManufacturers: Retak, ACINDAR, Cementos Avellaneda, Marcomet, Peirano, ferrum Area:  858 m² Year Completion year of this architecture project Photographs:  Javier Agustín Rojas Manufacturers Brands with products used in this architecture project ArchDaily Aráoz Residential Building 967 / BAAG CopyApartments•Villa Crespo, Argentina Argentina Aráoz Residential Building 967 / BAAGSave this projectSaveAráoz Residential Building 967 / BAAG “COPY” Save this picture!© Javier Agustín RojasRecommended ProductsDoorsAir-LuxPivoting DoorWoodEGGERLaminatesWoodTechnowoodPergola SystemsEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreText description provided by the architects. Aráoz 967 is a residential building located in Villa Crespo, a low density area with a strong neighborhood character. The project faces the difficulty of continuing to densify the city in a neighborhood of low-density houses that define their identity as their urban way of life.From the study of materials, the route of the sun and the proportions of the windows, the building is projected consolidating the official line, without balconies or retreats, completing and respecting the morphology of the block, with its old houses and generating bellows between outside and inside.Save this picture!© Javier Agustín RojasSave this picture!SectionsSave this picture!© Javier Agustín RojasThe existence of a patio between the two blocks generates cross ventilation and continuity in the visuals. The private sector of the unit is linked to the external ones. The kitchens and the accesses of the units look towards the patio, suggesting a space where it is possible to be seen and from where you can look, greet and interact. The independence of the compositional elements was intended. The reinforced concrete structure is visible in its entirety and the enclosure of the building consists of prefabricated modules of folded sheet that make openings (empty) and brick support (full). Save this picture!© Javier Agustín RojasSave this picture!Floor PlanSave this picture!© Javier Agustín RojasThe alteration by levels of these full and empty shapes the rhythm and composition of the facades and put as protagonist the brick, a material present in the neighborhood collective imaginary. The housing services are made up of a wooden prism that articulates the income to each unit. Araoz 967 aims to recover neighborhood-scale links, generate a sustainable habitat using materials and spatial configurations as resources and take on the challenge of densifying a developing area of ​​the city respecting its neighborhood character.Save this picture!© Javier Agustín RojasProject gallerySee allShow lessOrange Avenue House / vittinoAsheSelected ProjectsBraga House / Gustavo Penna Arquiteto e AssociadosSelected ProjectsProject locationAddress:Villa Crespo, CABA, ArgentinaLocation to be used only as a reference. It could indicate city/country but not exact address. Share Architects: BAAG Area Area of this architecture project Lead Architects: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/917266/araoz-residential-building-967-baag Clipboard CopyAbout this officeBAAGOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsVilla CrespoArgentinaPublished on May 17, 2019Cite: “Aráoz Residential Building 967 / BAAG” [Aráoz 967 / BAAG] 17 May 2019. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodPanel Façade SystemRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Alloy: Nordic BrassHanging LampsVibiaHanging Lamp – VOLConcreteKrytonCrystalline Waterproofing – KIMSkylightsLAMILUXGlass Skylight FE PassivhausPorcelain StonewareCosentinoSurfaces – Dekton® Chromica CollectionBricksFeldhaus KlinkerThin Bricks – ClassicGlassDip-TechDigital Ceramic Printing for Interior DesignWoodStructureCraftEngineering – FootbridgesAluminium CompositesCymat Technologies Ltd.Bundang Doosan Tower – Alusion™ Stabilized Aluminum FoamTable LampsRoss GardamDesk Lamp – OraMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Apartments Projects Photographs Griselda Balian, Gabriel Monteleone, Gastón Noriega Save this picture!© Javier Agustín Rojas+ 22Curated by Clara Ott Share Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/917266/araoz-residential-building-967-baag Clipboard “COPY” 2018last_img read more

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NSPCC receives £0.75 million from charity of the year partnership

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  28 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Events Advertisement BSkyB has generated £750,000 worth of support to children’s charities NSPCC and Children 1st as part of its 2003 Charity of the Year initiative.The NSPCC and Children 1st were chosen as Sky’s Charity of the Year for 2003 by Sky staff. The £750,000 was generated through employee fundraising – including sponsoring runners in the New York marathon, parachute jumps and an online Secret Santa last Christmas. The figure also includes matched fundraising and gifts in kind such as marketing and advertising support.center_img NSPCC receives £0.75 million from charity of the year partnership Howard Lake | 28 April 2004 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Crumbling Twitter avatar raises funds for Red Cross

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  19 total views,  1 views today For a $10 donation to the Red Cross you can let your Twitter avatar image crumble and then rebuild over a 60 hour period.The idea of Georgia Tech Professor Eric Gilbert, the ‘When Things Fall Apart’ campaign is designed to mirror the work of the Red Cross, rebuilding communities that have been torn apart by natural disaster.The campaign launched in April 2012.http://whenthingsfallapart.org/  20 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 8 May 2012 | News Advertisement Crumbling Twitter avatar raises funds for Red Cross Tagged with: Digital About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Super Tuesday and the Sanders movement

first_imgThese edited remarks were given by Workers World Party’s First Secretary Larry Holmes at a public meeting on March 5 in New York City.  First a word about the coronavirus (COVID-19).  It is going to become a big political issue even more than it is now. It involves the world capitalist economy. Plants are shut down; production is shut down.  The supply chain that globalized imperialism depends on has been seriously disrupted. Small businesses and big businesses are affected. Larry Holmes (Photo: Peoples Video Network) The financial markets over the past week and a half haven’t seen losses like this since the 2008 financial crisis, with 1,000-point fluctuations.  The stock market rose 1,000 points yesterday (March 4), but went down today. I think it rose yesterday because Joe Biden seems to be doing well. But the ruling class can’t really do anything to stop it.The Federal Reserve Bank and the central banks have put the financial system on life support for the better part of 10 years.  We need to look at this very carefully because it could be the beginning of a new world capitalist crisis. Even though the virus is the catalyst, the impact that it’s having on the economy is significant.  The  economy has been on life support — especially the financial markets, where governmental banking agencies have been pumping in free money for people to borrow. It’s been an enormous, frightening bubble looking for an excuse to start blowing up.  The coronavirus may be the final straw that could break it.If the U.S. economy begins going down, the Democratic Party leadership may regret what they are doing to Bernie Sanders at a time when the economy is slipping into an even deeper crisis. It’s not only the inequality and low wages here, but people are being laid off and businesses of all sizes are closing down. That’s a whole other level of crisis that could be in the offing.When something like that happens, sometimes the ruling class wants somebody like Sanders, like FDR [Franklin Delano Roosevelt] to come in and do what they can to make sure the masses don’t rebel and want socialism.Democratic Party leaders panic over SandersWe know what happened on Super Tuesday. Sanders did not do as well as people expected him to do. Most Democratic presidential candidates have gotten out of the race from [Michael] Bloomberg to [Elizabeth] Warren. Most of them immediately supported Biden, with the exception of Warren. We can only view this as part of the panic by the Democratic Party establishment who saw that Sanders was doing very well.  Party leaders were ready to push Biden aside because he didn’t seem to be a very effective candidate and has many weaknesses. Then they panicked about Sanders and figured that they had to come together and back Biden. This change happened this week. The media changed, too. There is an element of fear that some voters had about Sanders. It’s not their fault because the bourgeois media feed them the idea that Sanders can’t win.  Members of the ruling class in both parties are threatening to beat him into the past century. They don’t want him to be the nominee. It’s not that he can’t win. It’s that they don’t want to have anything to do with anything called socialism — even if it’s not really socialism. They don’t want to make any concessions to the working class. They want to keep the wealth that they’ve extracted and robbed from the workers and the oppressed worldwide.  That’s the real factor. It is not over.We’ll see what happens in the upcoming primaries in Michigan and Illinois.  There may be more surprises, but the Democratic Party leadership may do what they did in 2016 — and that is crush the left wing of the party and usher in the neoliberal capitalist, imperialist wing. Sanders is not necessarily anti-imperialist. There are contradictions.Our view of why the Democrats lost in 2016 wasn’t because of Russia, but because they abandoned the working class — and not just for a few years — but for decades at a time of globalization, neoliberalism, austerity and union busting.  The Democrats paid the price. They helped Trump get in.Looking at some of the things that happened in the election; it’s important for us to be clear and honest. A party that’s struggling to be a party of the working class, like ours, has to neither fear nor deny the weaknesses of the working-class movement in our country. We have to accept them and assess what can be done about them. Default party of the massesThe Democratic Party has been the default party of the masses for nearly 100 years, at least since the New Deal and FDR.  Then the ruling class were worried about the workers rising up and making a revolution or — at the very least — breaking with the bourgeois parties and forming a Labor Party or a social democratic party or a revolutionary party.  At that time, the bosses said the workers shouldn’t be class conscious and shouldn’t break and form their own party and be independent. They said we are giving you the Democratic Party. It is your party. And that’s the way it’s been for a long time, and it’s hard to undo that. There have been efforts to undo that.  For the left to break, for the working class to break, there has to be a break of oppressed people. Jesse Jackson’s campaign was one such example. Maybe such a movement would have developed, not led by him, but by some people who supported him 30 or 40 years ago. The effort to do that now could be much bigger and much more consequential.But the point is to still understand the hold that the imperialist Democratic Party leadership has over the workers. What you hear ad nauseum is how the Black workers in the South are so loyal and voted for Biden.  One way to look at it — and it’s not the whole picture, but one dimension of it — is this: Older Black workers in Alabama, Georgia, Mississippi and South Carolina are old enough to remember apartheid and when they could not vote. They certainly know the oppression their parents and grandparents faced.  They see Trump coming in and giving a green light to white supremacy — and it scares the hell out of them. Part of the vote for Biden is their reaction to Trump.When Rep. Jim Clyburn from South Carolina, probably the highest-ranking and most influential Black congressperson, publicly endorsed Biden a few days before Super Tuesday and the primary in South Carolina, we knew it would affect the vote.  Congressman John Lewis is a hero, who was nearly beaten to death on the Edmund Pettus Bridge during the great march from Selma to Montgomery, Ala., in 1965. He has stage four pancreatic cancer, yet he had his staff drive him to the 55th anniversary of that historic march.  He got out of the car and said people have to vote like they have never voted before. What he says has a lot of credibility. Just look at what happened in the South and other areas on Super Tuesday. That’s one dimension of it; another dimension of it is this:  Many younger Black people may not agree with that and have other feelings about it. The question is whether they can assert themselves with or without the help of more radicalized elements in the working class. Another interesting dynamic is that the Latinx community, especially the younger members, are more in favor of Sanders.  They have a different experience. Many of them are recent migrants. They’re not so anticommunist because of where they come from.  That’s a problem for the Democratic Party leadership. Labor leaders fear SandersThe fact is that the official labor movement leadership in the U.S. is to the right of Sanders politically.  Sanders is way to the left of them. One would think that the labor movement would support Sanders. His program is much better for workers. But no. Top labor leaders are afraid of Sanders. This is a huge contradiction that’s held back political and class consciousness in this country. It is a big factor. Also Sanders has his own contradictions. He may be very good on some issues but not all. We learned this four years ago. Sanders seems to be very dismissive of racism and the national question. He’s not unlike a lot of those in parties and forces in the global working class that consider themselves pro-working class, including some Marxists, who are dismissive of the struggles of people of color, women and queer people.Sanders just came out with an ad that has Barack Obama saying good things about him. Obama is a neoliberal imperialist. For Sanders to put out an ad with Obama saying those things about him is confusing and disingenuous. When Elizabeth Warren and Kamala Harris dropped out of the race, Sanders said little about it. He didn’t say it is very unfortunate that the women who were in the race were forced to drop out. But we would be kidding ourselves to say that had absolutely nothing to do with patriarchy and misogyny.If Sanders had admitted that link, it might have gone a little way in terms of the women who were for Warren because they were hopeful that she could be the first woman president.  But that’s not how he thinks. If Sanders doesn’t say more about it, he’ll suffer the consequences.Perspective needed on electionsWhat is WWP’s program and what are its long-term goals? Why should we not try to find a way to intervene, rather than just wait for the outcome of whoever wins the nomination or election in November.We need to discuss all this and have an approach. It isn’t always easy, but a serious revolutionary party has to have an approach. This is the beginning — or could be the beginning — of the falling apart of the  Democratic Party in a way where it will cease to be a stranglehold for the workers and the oppressed. Some other formation that is independent, more pro-working class, more labor-oriented, maybe social democratic may come out of it. It’s not preordained, but this is so big — with the economic crisis, climate crisis, war crises and all of the other crises that are interrelated — that now is the biggest opportunity for a historic social and political break from the domination and control of the Democratic Party. I hope that WWP will follow this carefully, comment on it and have a view to being in the revolutionary wing of it. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Freddie Mac’s Mortgage Portfolio Experiences More Expansion to Start 2016

first_img Demand Propels Home Prices Upward 2 days ago Previous: Was Watt’s Speech the Beginning of the End for the Conservatorship? Next: DS News Webcast: Thursday 2/25/2016 The Best Markets For Residential Property Investors 2 days ago Freddie Mac’s Mortgage Portfolio Experiences More Expansion to Start 2016 February 24, 2016 1,276 Views Tagged with: Freddie Mac Monthly Volume Summary Mortgage Portfolio Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Related Articles Subscribe Freddie Mac Monthly Volume Summary Mortgage Portfolio 2016-02-24 Brian Honea Share Savecenter_img Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Freddie Mac’s total mortgage portfolio expanded at a compound annualized rate of 1.6 percent for the full year of 2015 and picked up in 2016 where it left off—by expanding at annual rate of 1.6 percent in January 2016, according to Freddie Mac’s January 2016 Monthly Volume Summary released Wednesday.January marked the 11th time in the last 12 months that the total mortgage portfolio expanded for Freddie Mac. Its value after January’s expansion totaled $1.944 trillion, having increased by about $36 billion since January 2015.Freddie Mac’s mortgage-related investments portfolio expanded for the second straight month in January following eight straight months of contraction. In January, it grew at an annual rate of 9.6 percent after December’s expansion of 6.7 percent.For the full year of 2015, the mortgage-related investments portfolio contracted at a rate of 15.1 percent. As of the end of January, the portfolio’s value stood at $349.6 billion, an increase of nearly $3 billion from the previous month and still slightly higher than the 2016 cap of $339.4 billion.The serious delinquency rate on mortgage loans backed by Freddie Mac, took an unusual turn upward in January, moving up to 1.33 percent after the 0.1 percentage point. The number of loan modifications completed on Freddie Mac-backed loans in January was 3,474, down from 3,823 in December and down from the monthly average for 2015 of 4,491.In January, Freddie Mac’s single-family refinance loan purchase and guarantee volume was $11.9 billion (down from $12.9 billion in December), which represented 53 percent of Freddie Mac’s total single-family mortgage portfolio purchases or issuances (up from 52 percent in December). Relief refinance mortgages comprised about 9 percent of the Enterprise’s total single-family refi volume during the month of January, up from 8 percent in December.Click here to view Freddie Mac’s full monthly volume summary for January. The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Home / Daily Dose / Freddie Mac’s Mortgage Portfolio Experiences More Expansion to Start 2016 Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Secondary Marketlast_img read more

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An Eye on Real Estate Closings

first_imgEditor’s Note: This feature originally appeared in the January issue of DS News. Georgia has traditionally been hawkish with regard to ensuring that real estate closings are conducted by Georgia licensed attorneys. This was made clear by the Supreme Court of Georgia’s 2014 adoption of the Formal Advisory Opinion No. 13-1 (FAO), which attacked “witness-only” closings. These “witness-only” closings occur when an attorney is mailed loan documents, advised not to review or provide legal advice regarding the documents, and then instructed to oversee the execution of the documents and mail them back to the lender.The Supreme Court of Georgia found that “when a closing lawyer purports to act merely as a witness” they are in violation of Georgia’s ethical rules governing attorneys. This FAO also suggests that only Georgia attorneys can prepare deeds for other people. Perhaps this is because for almost 90 years it has been the law in Georgia that only Georgia attorneys can provide an opinion as to the status of the title to real property. (See O.C.G.A. § 15-19-53.)Shortly after this FAO was published, Georgia’s legislature proposed a revision of Georgia’s code to provide “regulation of the practice of law, so as to authorize certain activities involving real estate transaction [and] to provide for a civil action for damages” stemming therefrom. [See 2015 Georgia Laws Act 76 (H.B. 153).] The most relevant portion of this law was codified as O.C.G.A. § 15-19-60. It provides that any consumer damaged by a violation of Georgia’s laws regarding the unauthorized practice of law can seek damages caused by the violation. There are several important parts of this code that require the attention of anyone authorizing or conducting mail-away closings.First, if the consumer is damaged as a result of the unlicensed practice of law, it can “recover damages, treble damages, reasonable attorney’s fees, and expenses of litigation.” Second, it provides that this right can be enforced by “a trustee of a consumer debtor in a bankruptcy case …” Through a series of cases, Georgia’s Chapter 7 Trustees have made clear that if a security deed is not executed as required by Georgia law, it can be set aside by the Trustee and sold for the benefit of the bankruptcy estate. This, in turn, would cause the debtor to lose its home. In other words, it would damage the debtor.Notably, the average home loan in Georgia has a balance of $169,990. In a September 2018 article entitled “Bankruptcy Watchdogs Push Congress for a Raise,” the Wall Street Journal explained that the “low pay [for Chapter 7 Trustees] and drop in [bankruptcy] filings have driven trustees to be more aggressive in an attempt to boost their compensation.” Thus, there is a large incentive for a Chapter 7 Trustee to pursue these types of claims. Let’s assume, hypothetically, that a lender completes a home loan transaction through a mail-away process that involves a Georgia attorney who is only acting as a witness as to the execution and the security deed is not properly executed, as required by Georgia law. The borrower then files a Chapter 7 bankruptcy.The Chapter 7 Trustee could file an adversary proceeding to set aside the security deed, making the lenders claim unsecured and reducing the payout received on the loan. If this is not bad enough, the Chapter 7 Trustee could then bring an action under O.C.G.A. § 15-1960 against the lender, seeking damages, treble damages, and attorneys’ fees and costs. The one saving grace here is that there is, at most, a four-year window from origination during which this claim can be brought. [Williams v. Wells Fargo Bank, National Association, 2017 WL 1807601, *5, No. 4:16-CV-0005-HLM-WEJ (N.D. Ga. Jan., 6, 2017)]. In any event, a lender conducting mail-away or witness-only closings in Georgia may want to explore their potential liability under this code section, or possibly risk substantial losses. Kelsey Grodzicki is the Managing Attorney of the Litigation and Trial Practice and Default Departments of Campbell & Brannon, LLC, where he oversees the litigation, foreclosure, bankruptcy, eviction, and title curative departments. His primary practice areas include real estate, business, and contract litigation, mortgage servicing and foreclosure litigation, bankruptcy litigation, landlord-tenant litigation, and non-judicial foreclosures. He represents clients in a wide variety of complex civil litigation and bankruptcy matters involving contract disputes, real estate and quiet title actions, and lien priority actions. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily January 21, 2019 4,805 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago An Eye on Real Estate Closings  Print This Post Share Save Previous: Millennials Buy Into the American Dream Next: Waters Asks How Financial Industry Is Softening Shutdown Impact Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kelsey Grodzicki Subscribe Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Georgia witness-only closings 2019-01-21 Donna Joseph Home / Daily Dose / An Eye on Real Estate Closings in Daily Dose, Featured, Print Features The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Georgia witness-only closings Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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Shatter apologises to whistleblowers

first_img Calls for maternity restrictions to be lifted at LUH News By News Highland – March 26, 2014 Facebook Facebook Twitter Pinterest Three factors driving Donegal housing market – Robinson WhatsApp WhatsApp Twitter Google+center_img Pinterest Shatter apologises to whistleblowers Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Previous articleBuncrana Mayor fears Inishowen will lose out to Colertaine ‘enterprise zone’Next articleDonegal U21 to take on Armagh in provincial semi final News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week The Justice Minister has apologised to two Garda whistleblowers.Alan Shatter has also corrected the Dáil record that Sergeant Maurice McCabe and former Garda John Wilson did not co-operate with an inquiry into the penalty points issue.The move eases pressure on the Minister with Labour happy with the correction.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/03/shattersorry.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHORlast_img read more

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Presidential candidate says money can be saved on campaign

first_imgNewsx Adverts 365 additional cases of Covid-19 in Republic Presidential candidate says money can be saved on campaign Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal Google+ Twitter Independent Presidential candidate Seán Gallagher has urged other candidates in the Presidential election campaign to agree to a measure that could save up to 380 thousand euro of public funds for Donegal.Each candidate is entitled to send each voter an election leaflet with a potential cost to the tax payer, if there were seven candidates of €11.63 million.Sean Gallagher, who is expected to be endorsed as a candidate by Donegal County Council, says the money saved could be better spent elsewhere:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/08/seanam.mp3[/podcast] Twitter WhatsApp Pinterest Previous articleBuncrana to mark World Suicide Prevention DayNext articleGAA – Donegal v Dublin All Ireland Semi Final Preview Pt1 News Highland center_img By News Highland – August 23, 2011 Facebook Pinterest Facebook Main Evening News, Sport and Obituaries Tuesday May 25th RELATED ARTICLESMORE FROM AUTHOR Google+ 75 positive cases of Covid confirmed in North WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

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