Coronavirus: should you invest now or wait until the stock market improves?

first_imgCoronavirus: should you invest now or wait until the stock market improves? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares The coronavirus crisis has decimated the world economy. As major economies have seized up, tens of millions of people have lost their jobs.This has had a significant impact on the stock market. Companies are reporting rising losses, and many are struggling to raise enough money to keep the lights on.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…In this environment, it’s no surprise that some investors are sitting on the sidelines. As the coronavirus crisis rumbles on, many want to keep their powder dry, to see how the world copes.Coronavirus crisis market slump But this could be a mistake. Research shows that the best time to invest in the market during a crisis is when everyone else is fleeing.When it looks as if the crisis has started to abate, it’s generally too late to pick up any bargains.Therefore, waiting on the sidelines, and trying to time the market while waiting for an end to the coronavirus crisis could be a waste of time. While it is impossible to predict what the future holds for the stock market, we do know that over the long run, the market has recovered from every significant setback.Indeed, since its inception in the mid-1980s, the FTSE 100 has seen several major bear markets. On every occasion, the index has recovered. Although it has taken a couple of years, investors who bought the index at inception have seen nothing but a positive return over the past four decades.It is highly likely we will see the same trend this time around.That being said, as noted above, it’s impossible to tell what the market will do in the short term. As such, investors need to be prepared for further volatility.Over the next few weeks and months, as the true scale of the coronavirus crisis becomes known, the market could drop a lot further. But it could also rise further. We don’t know.The best strategy As such, the best investment strategy for the current market seems to be ‘pound cost averaging’. With pound cost averaging, you invest a set sum in the market every month to spread out your investment over a long period.This means that no matter what the market does over the next few months, you should be able to capitalise on any peaks or troughs, without wasting too much time watching your computer screen.With pound cost averaging, you buy more stock when the market falls, and less when it rises. Doing so can significantly enhance your returns over the long run.This isn’t a perfect strategy, but over the long run, this approach should achieve a steady positive return.So, if you have money to invest today, it doesn’t make sense to wait for the coronavirus crisis to blow over. By the time it does, you could have missed your opportunity.Instead, it might be best to set up a regular investment plan and let the market do the hard work for you. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves | Friday, 1st May, 2020 | More on: ^FTSE See all posts by Rupert Hargreaveslast_img read more

The First 100 Days: How Mayor Nelson will start his first…

first_img Editor’s Note: This is the first in a five-part series about Apopka Mayor-Elect Bryan Nelson entitled “The First 100 Days”. The series will outline the expected path Nelson will take in his first 100 days in office. What are his priorities? How will he lead Apopka? What will the budget look like under a Nelson administration? How will he handle the City staff and who will his department heads be?  But in order to look forward, sometimes it’s important to look back. In this case, The Apopka Voice began by getting Nelson’s thoughts on the 2018 Apopka Mayoral election. Part One: Election results relieved a lot of pressure for NelsonBy Reggie Connell/Managing Editor of The Apopka VoiceBryan Nelson is a natural on the campaign trail.After six consecutive victories at the state, county, and local level, it’s not a surprising revelation. It has been reported that after announcing his intention to run for Apopka Mayor in March of 2017, Nelson, the Orange County Commissioner and Apopka Mayor-Elect, knocked on hundreds of doors to talk to residents, and then on election day manned a post on the corner of Central Avenue and Fifth Street for 12 hours waving to passers-by, voters, and supporters as they made their way to the VFW/Apopka Community Center precinct.It has been reported that after announcing his intention to run for Apopka Mayor in March of 2017, Nelson knocked on hundreds of doors to talk to residents.“I love campaigning,” Nelson said. “I love knocking on doors and meeting the people. I feel connected to the residents when I’m in their neighborhoods and hearing from them.”But while door-knocking, waving to supporters and listening to the people were highlights for him, there were also low points and a never-ending stress level of having to win this election. “For me, it was without a doubt the most pressure I’ve ever felt in any election,” Nelson told The Apopka Voice. “It wasn’t intended pressure from my supporters, but I felt the pressure from their desire for me to win. They would say: ‘You have to do this. You have to be our next mayor. We can’t go another four years.’ So it was unintentional… it was unintended pressure from them, but it was real. There were nights I couldn’t sleep thinking I wasn’t going to win. And again, they didn’t think they were putting pressure on me, but I just didn’t want to let anybody down. There were supporters out there saying they were going to move out of Apopka if I didn’t win, and I just said come on, don’t do that to me.” The January 31st Mayoral debate seemed to mark the culmination of that stress.Nelson: “Before the debate, people were patting me on the back and saying ‘hey Bryan you’ve got this, you’ve got to do good’. And you’re just… wow! It was really rough. I was nervous because I wanted to do well for the people supporting and cheering for me.”“Before the debate, people were patting me on the back and saying ‘hey Bryan you’ve got this, you’ve got to do good’. And you’re just… wow! It was really rough. I was nervous because I wanted to do well for the people supporting and cheering for me.”Despite the pressure Nelson felt throughout the campaign, there were two indicators that kept his confidence high – voluntary campaign donations, and hundreds of requests for yard signs. “I’m not a terribly good fundraiser,” he said. “But what was interesting is that I would say that more than 90% of the money we raised was never even asked for. It just came in. People would stop by the office and say ‘here’s a check’. That was pretty gratifying. People are bringing checks without me “dialing for dollars” as they call it. That was one of the reasons I felt good about the election. When someone voluntarily gives you a check or somebody puts a yard sign up, you know they’re pretty committed. We had 1,500 yard-signs, and we gave every one of them away.”Although unknown at the time, those indicators were pointing to a one-sided election.The Apopka Voice conducted three polls… the final one in February predicted a Nelson victory by a modest margin of 53-47%, which seemed to suggest a tightening race after Nelson won by 11% in both December and January polls. It missed by 10% on Nelson’s total mark.Nelson, however, thrashed Apopka incumbent Mayor Joe Kilsheimer with 63.4% of the vote, the largest margin of victory in an Apopka election since Commissioner Kathy S. Till defeated Sammy Ruth with 65.5% of the vote in 2008. Nelson received an astounding 4,103 votes, the most ever by a candidate for Apopka mayor.But while Nelson was cautiously optimistic about winning, he was surprised that the final tally was a landslide. “The margin of victory surprised me for sure,” he said. “I sure wouldn’t have thought that. We felt pretty good. We had a lot of support. You just never know.”  On April 24th, Nelson will put his hand on a family Bible and begin his first term in office. A little later that day, he will bring a lot of awards, photos, and mementos to hang on the walls at his new office in City Hall, but perhaps the most important thing he will bring with him is a political mandate based on his record-breaking victory in the 2018 mayoral election.Sometimes stress, pressure, and a few sleepless nights are worth it.For Tuesday: In part two of “The First 100 Days”, Nelson talks about his first conversation with Mayor Kilsheimer in relation to his transition into office, he shares a plan he borrowed from a former Florida Governor to get to know the City of Apopka employees and the jobs they do, and he talks about an unexpected couple of expenses the City will have to deal with.For part two, go here.For part three, go here.For part four, go here.For Part five, go here. You have entered an incorrect email address! Please enter your email address here Please enter your comment! Save my name, email, and website in this browser for the next time I comment. LEAVE A REPLY Cancel reply March 27, 2018 at 3:27 pm 2 COMMENTS Reply One day you will see me with my sign which will say, “Greetings of Great Joy, I am Mama Mia” and I have come to save this city, and we have built this city on rock and roll”……ha ha ha!!! Glad I got to see part 1 today, of this series, as yesterday I tried to read part 1, and I kept getting OOPS error…. page not available. Mr. Nelson came by our home campaigning, as well as to the other citizens on our street, knocking on doors. It was hot and he was really sweating. I told him I was glad he came by, and I told him to slow down, and take it easy, as it was so hot. Theresa Mott asked my husband could she put a campaign sign in our yard, and he told her sure she could. The prior elections past, Linda Laurendaeu (sorry Linda, I can’t remember how you spell your last name) had came by my home campaigning, but I was not home, and she left her campaign flyer on our door. That is all the candidates that came to my door, except years ago, Mayor Land came by our door campaigning, and I was home alone, and singing to my dog, “Give A Dog A Bone” with the screen door open, and boy, was I embarrassed he heard me singing to our dog when he walked up to our screen door. I did see a small car circle around our cul-de-sac with a man I didn’t know, this election, that had Mayor Kilsheimer bumper stickers all around the car, on the sides too, and he then stopped back at the start of the street looking at a clipboard, and then sat awhile, and then drove off, but did not come up to any of our street’s residents. Reply center_img UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Mama Mia Please enter your name here March 28, 2018 at 8:28 pm Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom TAGSDecision Apopka 2018Mayor-Elect Bryan Nelson Previous articleIn case you missed it: The Apopka news week in reviewNext articleLet’s Talk About it – Episode 24: A full mailbag of topics Denise Connell RELATED ARTICLESMORE FROM AUTHOR Share on Facebook Tweet on Twitter Florida gas prices jump 12 cents; most expensive since 2014 Mama Mialast_img read more

Apopka’s Biggest Story of 2017: City Council advances New Errol to…

first_img6th Hole – Park HomesThe 6th hole is where “Neighborhood F” will be located. A mix of 76 single family homes and townhomes ranging from 1,500-3,000 square feet will be built. The homes would be accessed by a new road connecting to Lexington Parkway. And four additional stories published in 2016 and 2017 that tell a more comprehensive story of the ongoing New Errol project. 8th Hole – Lake HomesStaghorn Drive will cross Lexington Parkway and continue up the 8th fairway.  25 cottage homes overlooking the golf course will be be 2,000-3,000 square feet in size will be built on either side of the roadway in “Neighborhood D.” Becker remained unconvinced of the viability of the project but showed signs of optimism in a statement after the vote. “I realize there are a number of Errol residents that fully support the plan laid out by Signature H, and I share their enthusiasm about what is being proposed, as it would mean a new chapter in that community, preservation of the golf course, and a place for Errol families to enjoy time together.  However, my job is to ensure the project is viable and to protect the interest of our residents.  At the time of the vote, the applicant did not have a clear answer for who would be paying for this endeavor, nor who would be operating the proposed golf course, lodge, or water park; details I think would be available at this stage of the process, especially when considering the applicant has never taken on a project of this scope or scale.  I do respect the will of our Council, as well as the investment of time by both the applicant and Errol residents, and look forward to the next phase of this process.”Both the Wyzisks were happy with the outcome, but realize there is a long way to go.“Our team is very pleased with City Council’s decision to move forward with our plan for New Errol,” said Wyzisk III. “They examined our plan closely, asked questions, and ultimately agreed with the recommendation of their staff to move our project forward for State review. We’re pleased, but we still have a few steps to go. This wasn’t just a win for us, but also for the Errol Estate community and Apopka. The plan for New Errol has enormous support from the community and that was clearly demonstrated to City Council tonight.”“We heard the types of thoughtful questions you would expect from a City Council,” said Wyzisk Jr. “Sure, a few were a bit premature considering how early we are in this process, but the good thing is that we now have some foresight of what they’ll want to be answered when we come before them next time. This vote gives Errol a chance to save the golf course and revitalize the community. Without this vote, I am confident the failing course would permanently close.”New Errol to include Adult Living FacilityFirst published on April 9th, 2017The intersection of Vick and Welch Roads in Apopka was a fairly quiet place a few years ago.  But traffic volume increased when the south end of Vick Road tied directly into State Route 451, and the completion of Lester Road now allows traffic to flow more easily from Vick to Rock Springs Road.But if two proposed projects happen, Vick and Welch could see heavier traffic.Last month, AHO Holdings submitted plans to the city to build an entrance to their 4.3-acre parcel. The proposed entrance is approximately 500 feet south of the intersection of Vick and Welch. The concept plan shows 43 apartments in five separate two-story buildings and a clubhouse with a pool.Use this link to read more about the proposed Meadow View Apartments.Early this month the developer of “New Errol,” Signature H Property Group, submitted their plans to the city. Much of the focus has been on the proposed new clubhouse, hotel, water park and 264 new homes to be built.  But the proposal also includes an adult living facility that could serve as many as 240 people.The center would be built on land adjacent to the proposed Meadow View Apartments, as this drawing shows:The entrance to the facility would be where a golf cart path crosses Vick road, about 750 feet south of the intersection of Vick and Welch, not far from the proposed entrance to the Meadow View Apartments.The proposed adult living facility would have three buildings. Two assisted living building, each with the capacity for 90 adults and a separate 60-bed post-acute rehabilitation facility.“Neighborhood G,” as it is called in the New Errol plans, would be located on the 7th and 8th holes of the Grove Golf Course.  The Grove Course has been closed for several years.Here are the Artist’s renderings: The Anatomy of Fear 9th Hole – Carriage HomesStaghorn Drive would continue up the left (west) side of the 9th fairway. This is a change from the Conceptual Plan which showed the road on the right (east) side of the 9th fairway.  Signature H plans plans to build 44 carriage homes on the fairway near Linkside Village in “Neighborhood C.” These houses will range in size from 1,600-2,000 square feet. Share on Facebook Tweet on Twitter Editor’s Note: This is the article chosen by The Apopka Voice readers as the biggest story of 2017.The City Council votes 4-1 to move the New Errol project to the state levelFirst published August 24th, 2017 Signature H Property Group, the developers of the “New Errol” project, presented their massive undertaking to the Apopka City Council Tuesday night. The project, which would completely transform Errol Estate, includes:A redesigned championship golf courseA 15,000 square foot clubhouse with restaurantA boutique lodge hotelA two-acre water parkOutdoor parks and trails264 new residencesA resort-like Adult Living FacilityIt was also learned that the project would cost $150-million to construct in total and that the 10-year projection for the project is expected to net $121 million.The City Council was cautiously optimistic and voted 4-1 to approve the Ordinance (2581) on first reading. This moves the project to a state review, but before the voting, there was significant skepticism and hard questions asked of Signature H.“For us the responsibility here is… I kind of feel like I’m the father whose daughter’s heart has been won and now we have to have “the talk”,” said Commissioner Doug Bankson. “It is our responsibility to be skeptical. Are there any holes? Because this is a big issue… this is tremendous. Anyone who sees this would want this to come to Apopka. We would love to work together on this. But the big question is can you produce?”Bankson asked about Signature H’s experience in golf course development or projects similar to this.“Personally none,” said Helmut Wyzisk III, President, and COO of Signature H Property Group. “That’s why you bring somebody in like Steve Smyers. He’s done courses all over the world. And then you’ve got a great superintendent who has built courses with Steve Smyers. They’ve done this before. They have a track record. No one is looking at us saying ‘Are we going to draw a design? Are we going to engineer it? Are we going to shovel the dirt?’ That’s not our expertise. You get the right guys in the room for that.”Steve Smyers is a world-renowned golf course architect based out of Lakeland that is contracted to oversee the redesign and redevelopment of the Errol golf course, according to Signature H.Bankson also asked about the funding for the project.“As soon as this is re-zoned, the value of this property goes up a lot,” said Wyzisk III. “So we’re able to subordinate the project with the value of the property. So the property itself goes into the deal, so that provides us equity funds initially to start building out the amenities, building the clubhouse, building the water park… starting with the amenities first so we can get the high dollar value that we want for our residentials.The rest of it is debt financing. As this started to go public, we started getting calls from a hand full of people that were interested in this project, and we’ve been vetting them the last few months, and it’s only picked up. We’ll be coming out next week with an announcement as far as who we selected as a financing partner who will go forward with us.”Bankson remained troubled by the lack of experience Signature H brought to the project.“If you come in saying we’ve already done this type of project and here is the proof it’s much easier to make that leap. Not to cast aspersions on you, but it’s not unreasonable to say you don’t come with credentials of having done this before, although you come with a great team in place.”Wyzisk III pointed out the unique nature of this project as reasoning for a lack of experience.“To your point as far as having done this and experience… the reality is … no one has. No one comes to you and says ‘I’m in the business of re-developing golf courses. I’m going to corner that market. This is brand new. To think that two or three people are going to steer this is a joke. This requires a team and I think that is one of our strongest assets… we’re business-minded entrepreneurs … we’re problem solvers. We’re not golf course developers. Team building is within our skill set, and that’s what we’ve done. But this is truly the last opportunity for this golf course to ever operate again. It will close on September 4th, and if this project doesn’t go through, I can confidently say it will never open again. It just won’t.”Wyzisk’s father Helmut Wyzisk Jr., the Chairman and CEO of Signature H Property Group, explained further.“This is like a wheel with spokes. It only works if all the elements are together. If you pull the ALF, if you pull the water park, and you pull the revenue stream, it doesn’t work. If any of that stuff was modified, then we wouldn’t even be here today. When we take the model and the refinement the City has done, it’s just gotten better and better. I can assure you there is not a doubt in my mind, or in Signature H Property that this project will be funded before we get this rezoning done. So there’s your assurance. This plan has come together so well and with so much support, and it’s a good business model. Because the reality is from our perspective, we could just build 800 homes…forget the golf course. There’s no risk to us. We’d do exactly what you said. We’d go to Pulte or KB Homes. We’d plot-out a plan and that’s it. We’ve got no risk. We make $40-million and leave the city.”“That’s what we don’t want,” said Bankson.“But that’s what I’m saying,” said Wyzisk Jr. “This is going to happen either way. The property is not going to sit there. On September 4th it closes… it’s done. But this plan has not even thought of that process. That’s not even on our radar. That shows you we have confidence in this business model.”Commissioner Kyle Becker also displayed a significant amount of doubts toward Signature H. He was also the lone dissenting vote.“Conceptually I love the idea. I’m a golfer myself. I think for the community this is a value-add. But what the presentation lacks is who you are at Signature H. As a company, you haven’t done a project like this or scale…so can you shed light on what you have done? In terms of a company.”“In terms of the company, this is a new venture for us, so we are a collaboration of the individuals you see in the front row and more,” said Wyzisk III. “What I said before about team-building…so we are entrepreneurs first. But if you look at this, it isn’t just a real estate project. This is a business model, so we came at this as businessmen… as entrepreneurs.”“And that sounds nice,” Becker responded. “But when you’re seeking finances to do a project, the first thing they ask is ‘What do you do for work? How do you make money? How are you going to repay the debt you’re asking me to give you?…How do you answer that?”It’s real simple,” said Wyzisk Jr. “We’re subordinating the property into the deal. You’re taking 400 acres of property that will be rezoned with no debt on it – zero debt – and you’re subordinating it to an equity player.”“So how much is the land worth currently?” Becker asked.“We will be able to make that public to you…,” said Wyzisk Jr.“It’s on the property appraiser website,” said Becker before Wyzisk Jr. finished his answer.“We’re doing a pre and post-appraisal of the property,” Wyzisk Jr. said.”“So you don’t know how much it’s worth?”“It doesn’t really matter what it’s worth right now,” said Wyzisk Jr. “We know the value today as it sits (zoned) Parks and Recreation is not very much.”“$1.8 million, which represents a 58% decrease from the last time it sold for $4.5 million,” said Becker. “How much do you anticipate the total cost to construct the golf course, water park, lodge, clubhouse and the assisted living facility? The total operation?”“The entire project is about $150-million when you add the residential and everything over four years in the market study,” said Wyzisk II. “But I think what you’re getting at is how will you fund the amenities. Is that what you’re trying to get to?”“Absolutely,” Becker answered. “If you’re saying the basic economics of the deal is going to cost $150-million to construct all of these capital assets, the land value you’re saying you’re using for equity and subordinate positioning is not anywhere near that value, I’m wondering how you are selling the value to those who are investing in the project?”“Obviously you have a business model and an operation,” said Wyzisk Jr. “Basically you’re doing an economic analysis. You’re looking at a 10-year model revenue stream. So there will be a combination of equity financing and debt financing, so quite simply we believe that the property will put off enough revenue stream to justify that. We project $121 million in net profits over the next 10 years. That’s why we’re doing it. So if you’re looking at it from a developer’s perspective, you either take $40-million and run or you operate it and make $121-million over 10 years.”“Who will be operating it?” Becker asked.“There will be multiple operators,” said Wyzisk Jr.“Do you have those online?”“They are under consideration,” said Wyzisk Jr. “We haven’t made decisions like on the ALF. I think we answered that question earlier.”After the difficult questioning process, the meeting took public comments from the audience, which was largely positive towards Signature H judging from its applause, and the majority of public comments that expressed support for the project.Before returning to the Council’s final comments before voting. Wyzisk Jr. explained that he appreciated the hard questions, and vowed to address them before the next stage.“All of these concerns and questions are valid, but all of them will be dealt with at the next level before the development plan is submitted. We are very aware of all these issues that have been brought up tonight.”Apopka Mayor Joe Kilsheimer was pleased by the research done by the commissioners and expressed an interest to move forward.“I think all of the elected officials on this Council have done their homework, and I think all of the questions asked are valid questions. I think the process that we’re going through is about finding safeguards and we’ve got three more cracks at this to get it right before they are allowed to proceed. Tonight has not been entirely pleasant for the applicant, but probably necessary in terms of putting questions on the table that the community needs to address before we proceed. So at this point, I’m willing to accept the staff recommendation to move forward.”Becker was still not convinced Signature H could overcome their lack of experience.“If this were an emotional response, I would be in favor of it. The idea, the concept, the plan… I say great. My challenge is there is no history of performance and no history of facilitating talented teams like they say they need for this project to succeed. They’re entering a business that in their own language is a dying business. So you add risk on top of the fact they have no history with these projects. There is no disclosure of who the investors are or how much the property is worth. They have no plan for who will run these assets when they are actually in play, and the value of the property is speculative based on future land use. With all that said I just don’t have a level of confidence.”Bankson was also unconvinced but wanted to give Signature H more time to prove their case.“I think these are all valid points, and where we are at is an opportunity for the applicant to answer all of those concerns. But you’re saying you can’t make those announcements now, but before we’re at a place where it’s absolutely green-lighted, there’s still a safety measure to explore and give you an opportunity. I will say it’s not a personal matter, but if someone came to paint my house and presented me with a beautiful picture of that house, but they’ve never painted a house before, I would be skeptical. As someone stated, that’s not trust, but a leap of faith. So I would ask that you present us with resumes of each party to show they do have that level of expertise. I would want to see more of those proofs that you say are coming between now and the next step.” “Renovations for the new Errol Estate development brought forward many questions and concerns by the residents and the commissioners,” said Commissioner Diane Velazquez in a statement after the vote. “The common concern expressed was the assurance the proposed project would be sustainable at the enormous cost, as presented.  The developers assured us all the financing was there and they are planning to make announcements very soon as they move forward with this proposed planned project.  Last night’s vote allowed this project to move one step forward.  The planned development will be sent toTallahassee for review by the Florida Department Economic opportunities staff. While this project is under review, the city staff will review the safeguards around this development. In my opinion, projects like these invigorate Apopka and its communities. It is a partnership the City of Apopka welcomes and supports for economic growth in our City.” Save my name, email, and website in this browser for the next time I comment. Amenity Area – Club HomesStaghorn Drive would cross the top of the hill about where the current clubhouse is located and then connect with Errol Parkway near the current entrance to the golf course. To the north of Staghorn Drive would be the new clubhouse, hotel and waterpark (Amenity Area). On the south side would be “Neighborhood B,”- 24 club homes ranging from 2000-3000 square feet in size. TAGSCity of ApopkaErrol EstateSignature H Previous articleApopka’s biggest story of 2017: A clear favorite emergesNext articleKnight and Mott qualifiy for Apopka City Commission Seat #1 election Denise Connell RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your comment! Editors Note: The previous version of this article identified the proposed 60-bed rehabilitation facility as an acute rehabilitation facility.  The proposal is to build a post-acute rehabilitation facility.New development will brand new name for Errol golf courseFirst published on September 20th, 2016The Signature H Property Group thinks big. Show them a hill, and they think mountain. Show them a pond, and they think ocean. Show them a quiet golf community in Northwest Orange County, and they see a thriving golf resort, complete with a re-designed golf course, lodge, and water park.Show them Errol Estate, and they think Staghorn Golf Club and Lodge.That is the new name Signature H is proposing for its project at Errol Estate. The group presented its conceptual plan last week which focused on the amenities of what would turn a quiet golf community into a Central Florida Golf Resort.  They explained that the name, Staghorn, was chosen as a tribute to the agricultural roots of the Apopka community.Here is a look at the amenities Signature H is proposing:ClubhouseA 15,000 square foot clubhouse will be the centerpiece of the project. It will house the pro shop, member locker rooms, an underground cart barn, as well as a restaurant, bar, event room, a second level terrace members-only rooftop terrace facing the 18th green.The clubhouse will be the first construction item on the Signature H schedule.LodgeIn order to fulfill the idea of Staghorn being a resort, a small lodge or boutique hotel will be a part of the project, but it will serve several purposes. The design calls for 25-40 spacious suites, which will provide on-site lodging for guests, wedding parties, golf tournaments and corporate events. The lodge will be connected and in coordination with the clubhouse and restaurant.Along with the suites, the lodge will include a fitness center, spa facility, a daycare center, and corporate offices including space for the Errol Estate Property Owners Association.The Water ParkWeller Pools, a local builder, will design and build the water park. Weller has also designed and built projects for Sea World, Aquatica, Reunion, YMCA and Windsor Hills. The water park will include a lazy river, a large pool with a lounge area, a splash pad, recreational slides, a pool house featuring a concession, bar, kitchen, and grills. The feature of the water park will be a 4-lane Olympic size pool to be used by the Apopka High School swim team.According to Signature H, the water park will be built in unison with the clubhouse.New Vick Road EntranceThere will also be a new entrance on Vick Road directly across from Wekiva Springs Reserve. It will be lined with lighting, parks and landscaped frontage roads. The road will be designed to alleviate traffic on Errol Parkway, and will provide many residents a more efficient route in and out of their communities.In addition Signature H is planning to add four new community parks will include green space, playgrounds, pavilions. Some of the parks will also have docks, gazebos, and gated areas for dogs.The “grand park” is currently proposed to be built between Linkside Court and Orange Grove Lane. It will be the starting area for the community walking trail which will provide residents a safe path to walk and enjoy the unique terrain of the Errol landscape.Redeveloped Errol golf course to be modern, sustainableClassic Joe Lee design to undergo significant changesFirst published on September 22nd, 2016In 1971, Joe Lee designed a golf course nestled in the northwest corner of Orange County called Errol Estate Country Club. It was soon heralded as a gem, and Lee emerged as one of the top golf course architects in the business.Two years later, the club was doing so well they had Lee build another nine holes. The 27 holes were described as elegant, contemporary and modern for its time. The land itself looks as if it belongs in North Carolina rather than Central Florida.  Lee took full advantage of its hilly terrain, large lakes, occasional forests and even wetlands to design what at the time was considered one of the best courses in the area. In short, it was a classic.But that was over 40 years ago.Today The Apopka Golf and Tennis Club at Errol is a struggling golf course in transition. The Signature H Property Group has entered into a joint venture to redevelop the course into a more modern and profitable venture.Signature H announced it would redesign and relocate the 6th through 9th holes, and redevelop the entire course to some extent. They plan to have Lakeland-based golf course architect Steve Smyers make those changes.Like Lee, Smyers has a great reputation with diverse designs like Bella Collina Country Club in Lake County, Isleworth CC in Orlando, Southern Dunes Golf and CC in Haines City, and his masterpiece design – the Old Memorial Golf Club in Tampa.Smyers is excited to begin the redesign of holes 6-9 and the redevelopment of the entire course.“The property with its unique combination of nicely flowing topography, pleasant mix of forested, open areas, watercourses and lakes, make for the creation of a truly world class golf experience,” Smyers said in an email statement. “The site lends itself for the development of a visually stimulating, environmentally and economically sustainable golf course. One that will be able to provide a thorough examination of one’s golfing talents while at the same time providing an excellent place for the everyday golfer to enjoy the game, the environment and the people. Staghorn Golf Club has the potential to develop into one of the best golf courses in the state of Florida. I am honored  to serve as the golf course architect for this most exciting project.”According to Signature H, the redevelopment will include new tees, fairways, bunkers and greens. It will add new eco-friendly grasses and modern equipment that will lower maintenance costs and create a more sustainable golf operation. The goal is to develop the course into a championship caliber course to promote tournaments and destination golf.Even Lee, the iconic architect of Errol, understood the need for change.“Golf course design is never finished, he once said. “It’s always in a state of transition.”New Errol to build 264 new homesFirst published on April 5th, 2017Back in September the Signature H Property Group revealed their concept plan to build a new clubhouse, hotel, water park and more than 250 new homes on Errol Estate.  Last week their proposed Planned Unit Development Master Plan was filed with the City of Apopka.  The PUD Master Plan is similar to the original concept plan, but there are some changes and additions.Homes will be built on the current driving range,as well as the 6th , 7th, 8th and 9th holes. Here are their plans and the tentative names for each area:Driving Range – Garden HomesSignature H plans on building 66 townhomes that will be 1,500-2,000 square feet in size on the current driving range. This has been designated as “Neighborhood A” in the PUD Master Plan. 7th Hole – Summit Homes26 single family homes ranging from 2,000-3,000 square feet in size are planned for the 7th hole which is designated as “Neighborhood E.”. The proposed new entrance to Errol will result in a new road down the south side of the 7th fairway from Vick Road to Lexington Drive.  The new entrance road is proposed to be named Staghorn Drive. Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply Please enter your name herelast_img read more

One third of Americans have little confidence in charities

first_img 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.  19 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis One third of Americans have little confidence in charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 17 October 2005 | Newscenter_img The report concludes that there is one key method of countering this lack of public confidence, and that is to “do a better job of producing measurable results.” Its authors argue that charities should avoid cutting overheads or investment simply to reach public expectations of how much a charity should spend on administration. Instead, charities have to become more effective at explaining why they spend money on technology, people and expertise.The survey of 1,820 people was conducted by telephone during Summer 2005.The report can be downloaded in Adobe Acrobat/PDF. Tagged with: Giving/Philanthropy Research / statistics Nearly one third of Americans have little or no confidence in charities, according to a new survey, “Rebuilding Public Confidence in Charitable Organizations,” by the Robert F. Wagner Graduate School of Public Service at New York University.A majority of the American public, according to the research, believes that charities or nonprofits are particularly bad at managing or spending donations. The survey said that 66% of recipients believed that charitable organisations “wasted a great deal or fair amount of money”.The report examines Americans’ views on charities’ use of money and on their operations. It lists a series of criteria that indicate whether a person is likely to have confidence in charities. Interestingly these include confidence in a few named major charities such as the American Red Cross and the United Way. So, bad press or actual poor performance by these organisations, can, according to the survey, reduce trust in other organisations. Advertisementlast_img read more

£40,000 fund to improve parental engagement in secondary school maths launches

first_img  284 total views,  2 views today Melanie May | 15 May 2019 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 A £40,000 innovation fund has launched to encourage parents to get involved with their children’s maths education.The Solving Together Fund launches today (15 May) and will be open to applicants until 24 June with the aim of supporting two high-potential, early-stage interventions using digital technology to improve parental engagement in maths for secondary students (11-16 years old).The fund is part of Maths Mission: a partnership set up by Tata and Nesta in 2017 that aims to find innovative new ways to increase young people’s interest in maths, and improve their maths skills. It will contribute towards building the evidence base on which technology interventions work in improving parental engagement.The Solving Together Fund is open to organisations implementing their work in UK schools, with a particular interest in applicants working in communities with lower educational outcomes. Grantees will gain both funding and support relevant to their individual needs provided by Nesta and Tata for a period of six months. This could include advice on business modelling, measuring of impact or marketing.Social enterprises, charities and private enterprises can all apply. Interventions can be delivered within the school curriculum, in non-curriculum time or outside of schools. The fund is open to organisations in the early-stages of developing their intervention, perhaps having had positive results in one school but hoping to spread to new locations, or organisations that have tested their intervention in many schools but would like to run a pilot in a new context, for example moving from primary schools to secondary schools.The Solving Together Fund grants will support grantees with their:Implementation – testing their projects in more locations or a new context in order to further improve and refine them and reach more schools, parents and studentsEvidence – supporting organisations to gather further insights into the effectiveness of their intervention that can be used to improve the interventionKate Bower, on the education team at Nesta said:“We believe that getting parents more involved in their child’s maths education could make a real difference in their child’s confidence in the subject and attainment. Digital technology could be used to connect the dots, build connections between schools and parents and make the subject more approachable. We look forward to hearing from the EdTech companies that could make a real difference in this space.” Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Tim Jones CBE, Executive Director at Tata Limited added:“Tata has businesses in an array of industries. The one thing all these industries have in common is that maths plays a vital role in all that our 60,000+ employees in the UK do daily and It is crucial that the next generation have the right maths skills. We look forward to seeing some innovative solutions on how digital technology can play a part in encouraging parents to support their children in maths.” Tagged with: Funding  285 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 £40,000 fund to improve parental engagement in secondary school maths launcheslast_img read more

Justice for Raheim Brown

first_imgWW photo: Terri KayOakland, Calif. — Hundreds of anti-police brutality advocates marched in solidarity with the family of Raheim Brown Jr. on July 6. Brown was gunned down by Oakland, ­Calif., school police officers on January 22, 2011. Protesters started with a rally at the Oakland Police Department headquarters and then marched to the school police office to demand justice for Brown and an end to the policing of youth. Families of other African-American youth killed by Oakland and San Francisco police forces also joined and spoke out about the murders of their loved ones.Unarmed, Brown was barely out of his teens when he was gunned down by school police on Joaquin Miller Road. School officers attempted to pull Brown out of the vehicle he sat in with a female friend, and then shot him seven times, twice in the head. They also brutalized the young woman.The city of Oakland and its school board employ armed guards to patrol children as young as 11 years old. Last year, Cole Middle School in West Oakland was closed down and now functions as a school police station.At a time when the school board is claiming there is not enough money to keep schools like Lakeview, Marshall, Santa Fe, Lazear and Maxwell open, they spend hundreds of thousands of dollars on school police. The fact that there is a separate police department to deal with school children is an abuse of power perpetrated by the school board.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Drought Could Put a Target on Crop Insurance

first_imgHome Indiana Agriculture News Drought Could Put a Target on Crop Insurance SHARE By Andy Eubank – Oct 18, 2012 Facebook Twitter Facebook Twitter Previous articleCME Group Acquiring Kansas City Board of TradeNext articleRetail Food Price Inflation Has Yet to Appear Andy Eubank SHARE Agricultural economists say the crop insurance program could cost 15-billion dollars this year as a result of the drought. That price tag could make crop insurance a bigger target for reforms as Congress looks for ways to cut government spending. While the government and industry want to wait until late fall – when harvest is ending – to estimate costs – it’s reported that 2.6-billion dollars has been paid so far in 2012 for crop indemnities. The Environmental Working Group has argued crop insurance favors big farmers and is in need of reform. Craig Cox of the EWG believes the rising cost will bring more attention to the issue. It could possibly get attention as soon as the lame duck session of Congress – when the farm bill is expected to come up in the House.Source: NAFB News Service Drought Could Put a Target on Crop Insurancelast_img read more

New media law – mix of good principles and bad provisions

first_img to go further News EcuadorAmericas Follow the news on Ecuador After several years of controversy and delays, Ecuador’s Organic Law on Communication begins the final stage of approval by the National Assembly today. An international NGO that defends freedom of information, Reporters Without Borders contributed to the debate when the law’s first draft was being discussed in 2010 and it would like to update its comments now.Reporters Without Borders has never questioned the principle of a new media law, one that matches the changes in the national media landscape and catches up with the new laws being adopted by other countries in the region.One of this law’s main flaws is the creation of a new mechanism for regulating the traditional media and their websites. Another is its attempt to influence how the profession of journalism is defined and practiced.We also deplore the complete lack of any provision for decriminalizing defamation, contrary to the general trend in the rest of the continent. We hope that this omission can be addressed in the near future by means of an amendment to the criminal code.On the other hand, we think that other provisions conform to international legal standards. They include restrictions on broadcasting hours for the protection of minors, the prohibition of racist and discriminatory content and the prohibition of deliberate calls for violence.Finally, the provisions governing nationally-produced broadcasting content are broadly similar to those in force in most other countries.Main principlesThe Organic Law on Communication affirms three overarching principles with which, as such, we concur:- The first (article 18) prohibits any form of censorship by government officials or civil servants.- The second (formulated in articles 37, 38 and 39) guarantees the right of journalists not to go against their beliefs, the protection of their sources, and their right to professional confidentiality.- The third (article 112) is the fair distribution of broadcast frequencies. It reserves 34 per cent of frequencies for state broadcasters, 33 per cent for privately-owned broadcasters, and 33 per cent for community broadcasters. Such an allocation constitutes a powerful lever for media pluralism.Questionable or dangerous provisionsWill these praiseworthy goals be adhered to? Other clauses in the law unfortunately open the way to possible violations of the fundamental rights it is supposed to guarantee.We think that freedom of information is threatened by article 23, which says: “It is everyone’s right that information of public interest received through the media should be verified, balanced, contextualized and opportune.” What criteria will be used to determine whether a news report satisfies this provision? Who will have this job? It is not part of the duties that article 46 assigns to the new Council for Media Regulation and Development, of which critics say its five members will be too subservient to the government. This council will have the power to exact a public apology (and impose fines on repeat offenders) when media fail to accord someone the right to a correction (article 24) or the right of reply (article 25). Public apologies must not be confused with corrections. And will a person’s insistence that he or she has been defamed be a criteria for determining the truth of the offending report? And will the council function as a court, in parallel to the regular courts? The law does not answer these crucial questions.Media lynchingBy retaining the system of “cadenas” – official messages that all over-the-air TV and radio stations have to broadcast – the law gives the government a powerful media weapon, offensive and defensive, with no provision for an opposing view.It limits use of this provision to a maximum of five minutes of air-time a week for all public office holders except the president and the National Assembly speaker, who are allowed to use it “when they consider it necessary” (article 77-1).This clause will not help to resolve the polarization between President Correa and his supporters on the one hand, and certain privately-owned media, whose excesses Reporters Without Borders does not try to minimize. Similarly, Reporters Without Borders regards as highly dangerous an addition to the law proposed by the parliamentarian Maria Augusta Calle that would prohibit media lynching, defined as “a concerted effort, coordinated by several media or carried out by just one, to destroy a person honour or prestige.”Such an addition would pose a serious obstacle to any revelation of sensitive information and would just encourage the government in its frequent use of the label of “destabilization” against its detractors.Delicate regulationDemocratization of the broadcast frequencies continues to be a crucial challenge for the law. The frequencies already available or about to be created should be enough for implementation of the rule of a third each of the frequencies for state, private and community media.Article 121’s ban on any one person or entity from being allocated more than one AM radio frequency, one FM radio frequency and one over-the-air TV frequency could help to guarantee pluralism.The obligation to relinquish frequencies that will affect some media owners should also affect the state sector, which consists of no fewer than 20 media. The outcome will depend in part on the extent of the prerogatives of the future Media Supervisory Authority, which will hopefully be a regulatory body and not a tool for controlling content. Organisation News June 14, 2013 – Updated on January 20, 2016 New media law – mix of good principles and bad provisions Help by sharing this information April 10, 2020 Find out more Receive email alertscenter_img News Coronavirus “information heroes” – journalism that saves lives Coronavirus: State measures must not allow surveillance of journalists and their sources EcuadorAmericas News Two months before Assange’s extradition hearing, RSF calls for his release on humanitarian grounds and for US Espionage Act charges to be dropped RSF_en June 15, 2020 Find out more December 24, 2019 Find out morelast_img read more

Adamas Pharmaceuticals Announces Pricing of Follow-on Public Offering

first_img WhatsApp Facebook TAGS  Facebook Twitter WhatsApp Previous article050319 OHS Socorro Baseball_14Next articleNUGGETS: Now Faith Digital AIM Web Support Adamas Pharmaceuticals Announces Pricing of Follow-on Public Offeringcenter_img EMERYVILLE, Calif.–(BUSINESS WIRE)–Feb 24, 2021– Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS), a company dedicated to developing and delivering medicines that make a meaningful difference to people affected by neurological diseases, today announced the pricing of its underwritten public offering of 12,500,000 shares of its common stock at a price to the public of $4.40 per share. All of the shares in the offering are being sold by Adamas. The gross proceeds of the offering to Adamas, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $55.0 million, excluding any exercise of the underwriters’ option. Adamas has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of its common stock offered in the public offering. The offering is expected to close on March 1, 2021, subject to customary closing conditions. SVB Leerink and William Blair are joint bookrunning managers for the offering. JMP Securities is lead manager for the offering. The securities described above are being offered by Adamas pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and accompanying prospectus, which will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, from: SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808 7525, ext. 6105, or by email at [email protected]; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, telephone: 1-800-621-0687, or by email: [email protected] This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Adamas Pharmaceuticals, Inc. At Adamas our vision is clear – to deliver innovative medicines that reduce the burden of neurological diseases on patients, caregivers and society. We are a fully integrated company focused on growing a portfolio of therapies to address a range of neurological diseases. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Adamas’ expectations regarding the completion of the public offering. These statements are subject to significant risks and uncertainties and actual results could differ materially from those projected. Adamas cautions investors not to place undue reliance on the forward-looking statements contained in this release. These risks and uncertainties include, without limitation, the closing of the offering is subject to the satisfaction of customary closing conditions. Risks and uncertainties relating to Adamas and its business can be found in the “Risk Factors” section of Adamas’ Form 10-K for the year ended December 31, 2020, filed with the SEC on February 23, 2021, and in the preliminary prospectus supplement related to the public offering filed with the SEC on February 24, 2021. Adamas undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in Adamas’ expectations, except as required by law. Source: Adamas Pharmaceuticals, Inc. View source version on businesswire.com:https://www.businesswire.com/news/home/20210224006216/en/ CONTACT: Media: Sarah Mathieson Vice President, Corporate Communications 510-450-3528 [email protected] Investors: Peter Vozzo Managing Director Westwicke/ICR 443-213-0505 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: BIOTECHNOLOGY GENERAL HEALTH HOSPITALS HEALTH PHARMACEUTICAL SOURCE: Adamas Pharmaceuticals, Inc. Copyright Business Wire 2021. PUB: 02/24/2021 09:16 PM/DISC: 02/24/2021 09:16 PM http://www.businesswire.com/news/home/20210224006216/en Twitter By Digital AIM Web Support – February 24, 2021 Pinterest Local NewsBusiness Pinterestlast_img read more

The Challenges in Financial Services

first_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Bankruptcy Foreclosure HUD John Ansell III Legal League 100 Servicer Summit The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Challenges in Financial Services The Best Markets For Residential Property Investors 2 days ago November 28, 2018 1,658 Views Previous: Brushing up on Vacant Property Law Next: Why Have Luxury Home Prices Caught a Cold? Sign up for DS News Daily Related Articles Editor’s note: This feature originally appeared in the November issue of DS News.John Ansell III holds a Bachelor of Arts degree from the University of Maryland and a Juris Doctor from the University of Pittsburgh School of Law. Ansell’s practice focuses primarily in the areas of real estate law and litigation, settlements, foreclosure, bankruptcy, and default litigation legal services. He oversees the firm’s appellate practice and jointly oversees the firm’s REO practice.Ansell serves as a panelist at numerous default industry events, regularly provides educational training sessions to firm clients, and contributes articles for industry-related publications. Ansell is admitted to the state courts in Maryland, Virginia, and the District of Columbia, the United States District Court for Maryland, and the District of Columbia and the Eastern and Western Districts for the United States District Court for Virginia. He is a member of the Maryland State Bar, Virginia State Bar, and District of Columbia Bar Associations. Ansell spoke to DS News earlier this year during the Legal League 100 Servicer Summit, discussing the challenges facing the industry, how law firms can best work with servicers, and more.What is your main takeaway from the Legal League Summit events?Much of it is simply learning that we’re not alone in this. The challenges we face are nationwide. They’re not specific to judicial states or nonjudicial states—they exist across the board. Figuring out the common threads helps strengthen us as an industry. My firm operates in Maryland; Washington, D.C.; and Virginia, so we run the gamut of judicial, nonjudicial, and “quasi-judicial.” What judicial entails in D.C. is very different from the judicial process in New York. The nonjudicial process in Virginia is going to be very different from other states’ nonjudicial processes. But there are common threads and common challenges. Being able to share information and strategies among different firms and different geographic regions helps.Also, making connections and getting to know people on a personal level is critical. I can email someone 20 times, but I will never get the sense of knowing them that I can from sitting across from them for five, 10 minutes. Having dinner, having a drink, whatever the case may be. I couldn’t even tell you how many times I’ve met someone from a servicer at a conference, and then, lo and behold, a month later an issue arises with that servicer. Then I can pick up the phone and call that person. These summits facilitate communication and speed up that communication process.What are some of the biggest issues facing the industry right now?One universal theme right now in the industry is that volumes are down. When volumes were increasing, it was easy. It was an expanding pool, so everyone could get a share. With a decreasing pool of files, everyone has had to streamline their operations. You have to look at every discreet aspect of your operation to make it more efficient and eliminate any duplication of effort. The investors are squeezing the servicers, pushing for faster resolutions and greater returns at a lower cost. The servicers are doing the same to the law firms. Meeting those challenges in a way that still allows you to provide good service and operate a business is the challenge. We have an obligation to provide the best service we can provide for our clients.What recent legislation or cases do you think have the potential to impact the industry in a significant way?Virginia has made very few statutory changes to the process since I’ve been practicing law for the last 15 years. Maryland, on the other hand, adds new wrinkles every year, or every other year.It’s a challenge adapting to those changes, update our clients on the changes, adopt the processes, program our system, and so on. The addition of one line in a statute might require a large amount of programming that we need to do on our end, and we also need to advise the clients. Then they need to update their processes and procedures, and we need to do the same. Small statutory changes can produce enormous ripple effects across the firms and servicers. There is a bill pending in the U.S. House that would exempt attorneys in judicial states from the Fair Debt Collection Practices Act (FDCPA).We’re hopeful that it goes through. As attorneys, we have an ethical obligation to treat the borrowers with a certain level of professionalism, and our ethical responsibilities go to all parties. Unfortunately, while the FDCPA has good intent, all too often it’s used as a weapon to extract fees from us. Just about every firm in this industry has faced that at some point. Some of the class-action attorneys will try to take three words out of one letter and say, “This is deceptive,” and try to extract large fees as a result.Has a move toward more digital infrastructure and recordkeeping changed those problems at all, or is it still a matter where one wrong word on the page can create huge problems?As an attorney, every communication that you generate is still subject to all the same ethical requirements that they were 30 or 40 years ago. The difference is now those communications can be disseminated instantly to large numbers of people. If a law firm were to send out something that had confusing or deceptive language, someone could take that communication and instantly transmit it out into the world, where you instantly become a target. But I don’t think technology has fundamentally affected the nature of our communication as attorneys. We still strive to meet the requirements of every statute that we have to operate under. We still have ethical obligations to every court we practice in that our communications are truthful and correct.What are some of the ways that firms can best work with their servicer partners?The key is communication. When issues arise, we need to communicate effectively to the clients, and vice versa. When the client is aware of an issue, they need to communicate that to us, so that we can look out for that issue. We’ll review every file the same way, but if a client comes to us and says, “We’ve received communication from an attorney on this file, and they have an issue with X,” we’ll know that X is potentially an issue and we’ll give it extra attention. Communication is crucial when we know there’s an impending HUD-first legal deadline. We’ll have some clients who say, “We’re going to be referring a file to you in a couple of days. It’s got a first legal deadline at the end of next week.” Knowing that it’s out there helps. It works both ways. If we get a call from an irate borrower, whether it’s justified or not, we need to let the servicer know that there might be an issue and they need to reach out to that borrower. in Daily Dose, Featured, News, Print Features Demand Propels Home Prices Upward 2 days agocenter_img David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Bankruptcy Foreclosure HUD John Ansell III Legal League 100 Servicer Summit 2018-11-28 David Wharton Share Save The Challenges in Financial Services Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: David Wharton Subscribelast_img read more