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What Is A Reverse Mortgage Home Loan?

Category : Finance Specialists

Submitted by: Jayson Gibson

The term reverse mortgage loan is not particularly descriptive of the kind of financing involved. It implies that the homeowner is lending money to the mortgage company.

With a traditional mortgage, the usual pattern works like this: the total price of a property is $100,000. Of this amount, let s say $10,000 (10%) is put down by the prospective homeowner – the other $90,000 is supplied by a bank or other financial institution. Then, over a period of 15 to 40 years (depending on the loan term), the homeowner pays back the $90,000 in regular monthly payments including interest.

With a reverse home loan, an owner with equity in their home or who has paid off their existing mortgage, requests a cash sum from a lending institution. The big difference from a regular mortgage is that there are no monthly payments involved. In fact, there are no payments during the homeowner s lifetime; the total loan amount is paid back only upon the death of the homeowner. This amount will also include interest accrued over the lifetime of the loan.

[youtube]http://www.youtube.com/watch?v=BKdtLubRsaY[/youtube]

There are several ways in which the homeowner can enjoy the benefits of a reverse home loan. He or she can take out a single lump sum in cash, or alternatively, a regular monthly cash advance. Another option is to use the available loan as a line of credit and use it as needed; a homeowner could also choose to combine some of the options above.

Reverse mortgage loans can be of particular help to many older Americans who may be poor in terms of available savings or monthly income, but who are wealthy in terms of the equity that has built up over the years on their real estate property. For example, if a person is retired and purchased their house 30 years ago for $10,000, they have paid off their mortgage and the house is now valued at $100,000. They could take out a reverse home loan and have access to much of that equity, with no monthly payments.

Therefore, unlike a regular mortgage, with a reverse mortgage, such things as credit score and income are not particularly relevant as there are no monthly payments involved. Obviously, these loans are generally made to senior citizens who can use the equity in their home to help finance them on a monthly basis, or perhaps to pay off their medical bills, or maybe even to travel the world.

These reverse mortgage loans are usually tax-free and are officially known as Home Equity Conversion Mortgages or HECMs. They are backed by HUD (The Department of Housing and Urban Development). This kind of loan can also be obtained from private institutions such as banks and many other mortgage lenders, who are not backed by HUD.

You can find more information and resources for a reverse home loan by searching the term in Google, Yahoo or MSN. Most large lenders such as Countrywide, Chase and Bank of America offer reverse mortgages. Be sure to review all terms and conditions and to seek the help of a third party before deciding on anything that you’re unsure about.

About the Author: Search Arizona condos, Arizona new homes, Phoenix home builders and Arizona real estate by visiting Arizona’s real estate website at

newhomessection.com

.

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Scottish nurse loses appeal in murders of four patients in England

Category : Uncategorized

Tuesday, December 22, 2009

A man from Scotland who killed four elderly women and attempted to murder a fifth while working as a nurse in England has lost his appeal. Colin Norris, 33, from Glasgow, gave his victims overdoses of insulin which sent them into comas.

Norris, who was struck off the nursing register following his convictions, was convicted in March last year of murdering Doris Ludlam, 80, Bridget Bourke, 88, Irene Crookes, 79, and Ethel Hall, 86, as well as the attempted murder of 90-year-old Vera Wilby. Only Wilby ever awoke from her coma. He was convicted by a majority verdict at Newcastle Crown Court and sentenced to thirty years to life in prison.

William Clegg QC, defending, told the Court of Appeal in London that the deaths at the General Infirmary and St James’s Hospital in Leeds could have been caused by “severe spontaneous hypoglycaemia” causing “naturally raised insulin levels” in the patients. He said this possibility had never been properly investigated.

Clegg also challenged Mr Justice Griffith Williams’ summing up to the jury in the original trial. However, having also heard arguments from the prosecution, given by Robert Smith QC, the panel of judges did not agree. Lord Justice Aikens stated that the judges directions “cannot validly be criticised” and went on: “We reject both grounds of appeal. The case against the appellant was very strong indeed. We are quite satisfied that the convictions… on all five counts were safe. The appeal is dismissed.”

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Category:Cannabis

Category : Uncategorized

This is the category for cannabis, a drug with recreational and medicinal uses.

Refresh this list to see the latest articles.

  • 16 February 2018: United States: Berkeley, California declares itself a sanctuary city for recreational cannabis
  • 16 April 2017: Canada to legalise marijuana to ‘make it more difficult for kids to access’
  • 20 January 2017: Germany legalises medical use of cannabis
  • 12 January 2017: Artist who changed Hollywood sign to ‘Hollyweed’ surrenders to authorities
  • 3 January 2017: Hollywood sign modified to read ‘Hollyweed’
  • 31 December 2016: Helsinki court jails anti-drug chief Jari Aarnio for drug smuggling
  • 4 May 2014: First arrests made in Singapore for possession of New Psychoactive Substances
  • 22 April 2014: Glasgow cannabis enthusiasts celebrate ‘green’ on city green
  • 2 December 2013: Police report drug haul seizure worth up to £30 million in Brownhills, England
  • 5 June 2013: Scottish court jails Joseph Kearins for culpable homicide of Jordan McGuire
?Category:Cannabis

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Surveillance cameras in New South Wales schools cause alarm

Category : Uncategorized

Sunday, July 8, 2007

Installations of closed-circuit television (CCTV) security cameras into schools in the Australian state of New South Wales has alarmed teachers.

Over 50 schools in New South Wales already have surveillance cameras in playgrounds and outside dining areas. The concern from teachers arises from the pending installation of further cameras inside classrooms and also corridors.

Teachers have expressed concerns about privacy and misuse of the equipment. Senior vice-president of the New South Wales Teachers Federation, Bob Lipscombe, said that teachers are worried about the footage being used improperly, as well as the fact that both teachers and students would be filmed at work by the cameras.

The increase in security cameras being used in schools is an attempt to protect valuable schooling equipment from theft and damage, in particular computers in computer rooms. Lipscombe said that installations in computer rooms will potentially affect many teachers, as all subjects can be taught with the integration of technology.

CCTV surveillance is preferred by some schools over fitting alarm systems and physical bars on entrances to the room, as it is cheaper to install.

“[Teachers] are concerned about its improper use and that it may be taken out of context”

Lipscombe said that the Teachers Federation isn’t against CCTV systems provided they are operated properly and with appropriate consent. A solution proposed is to only have the surveillance system record during times when the room is unattended.

A spokesperson for the New South Wales Department of Education and Training has said that the footage obtained is confidential and used to assist police in investigating criminal activity.

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Naturally Cure Gout: Top 5 Tips To Treat Gout Naturally

Category : Dentistry

By Joe Barton

If you have ever experienced a gout attack you know one of the most intense pains associated with arthritis. Though you might have dealt with the burden of gout for years, you should also know that you can naturally cure gout in days! Gout is a disease that was caused by some poor lifestyle habits and can be cured with healthy lifestyle habits. And yes, you can actually have immediate gout relief in seconds with a simple cure during those late night attacks.

All of this news should be music to the ears for a gout sufferer. Unfortunately, there is bad news! Gout is actually a very medicated ailment. Meaning that doctors typically don’t hesitate for a second to prescribe side-effect laden medications (orally or even injected) to gout sufferers. In fact, you are living in the first generation who is allowing doctors to take care of their health! Though this may seem like ‘not a bad idea’, our general health is continually decreasing because of this travesty.

If you sufferer from gout, you can begin your simple, natural cure for gout with these five tips.

[youtube]http://www.youtube.com/watch?v=mF19fLcOlTg[/youtube]

Top 5 Tips to Treat Gout Naturally

1. Drink! You should be drinking at least 10 to 12 eight-ounce glasses of water each day. Water is one of the best ways to flush impurities, toxins and build-ups. Better tip: Try drinking away your gout with alkaline water with a pH of greater than 7.

2. Avoid foods high in purines. Uric acid (cause of gout) is formed from the breakdown of purines, high-purine diets are often the cause of gout. Such foods include: meats such as kidneys, liver, tripe and tongue. Red meats also have been linked to gout attacks as well as some vegetables. Our report as a list of foods to eat and NOT to eat.

3. Exercise! Being obese can lead to excessive levels of uric acid in your blood. Try to do cardiovascular workouts (workouts that get heart pumping) at least three times a week. Start slow and don’t get burned out! You can do it!

4. Vitamin C! Begin by taking one of the most popular vitamins out there, Vitamin C. A healthy immune system is the key to a healthy life. And a healthy life starts with Vitamin C.

5. Breathe! Did you know that you are probably only receiving about 80% of the oxygen your body needs. Poor circulation leads to arthritis (gout is considered arthritis). Learn some simple breathing exercises and practice them 10-15 minutes a day.

There you have it! 5 simple ways to naturally cure gout! Don’t be overwhelmed or think you can’t do it! Remember this! You either pay for your health now (dedication, exercise, eating right) or you pay for it later (hospital bills, visits, medications, treatments). I think the obvious choice is to pay for it now and take care of your body!

About the Author: Joe Barton owns a leading natural health company specializing in educating people of numerous natural remedies and safe, affordable cures. To discover a cure for gout in less than 2 hours, please click here:

cureyourgout.com/g1

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Students raise record amounts of money during Christmas fundraiser at Benet Academy, Illinois

Category : Uncategorized

Saturday, December 19, 2009

Students at Benet Academy in Lisle, Illinois, United States raised record amounts of money this year during their Christmas Drive fundraiser.

The annual two-week event is aimed at promoting the Christmas spirit in helping the poor and needy. Coordination of the fundraiser is a joint effort by the faculty and three students organizations—Student Government, National Honor Society (NHS), and Outreach. Donations from previous years have allowed Outreach to provide food and Christmas gifts to dozens of families during the holiday season. NHS in the past has provided blankets, winter gear, and toys to local families as well.

A semi-formal dance held on Dec. 5 kicked off the Christmas Drive this year. Two weeks of in-school fundraising efforts ensued, including several no-uniform days and Benet’s traditional Penny Wars. In that four-day activity, the four grade levels competed against each other to see who can collect the most pennies. Nickels, dimes, and quarters were allowed but had negative value in the class total. The seniors won this contest, allowing them to have a no-uniform day on Dec. 11. Other activities such as bake sales and a beard-growing contest raised money as well.

During an all-school assembly on Friday, the last day of the drive, Student Government President Kyle Marinko announced that preliminary calculations put the amount of donations at US$53,392.82, a record for the school. Last year’s drive collected approximately US$42,000. A final total has not been officially announced, since Student Government officials continue to count additional donations that have been received.

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British Airways Flight 38 investigation focuses on fuel system

Category : Uncategorized

Saturday, January 26, 2008

Investigators examining the wreck of British Airways Flight 38, a Boeing 777 that crash landed short of the runway at London’s Heathrow Airport in the first hull loss of a 777, are examining the aircraft’s fuel system as a possible factor in the crash. No-one was killed as the scheduled flight from Beijing, China lost power during final approach on January 17.

136 passengers and 16 crew were on board when power was lost to the two Rolls-Royce engines about two miles from the runway, at a height of 600 feet. Autopilot and autothrottle were engaged at the time, the latter having just commanded an increase of thrust to the engines when power was lost. Co-pilot John Coward, in control at the time, was subsequently praised for being able to glide the disabled plane to within 1,000 feet of the runway, clearing a number of houses along the way.

Subsequent investigation has revealed that not only did the engines not fail simultaneously, but neither failed completely, contradicting initial belief. A preliminary report by the United Kingdom’s Aircraft Accident Investigation Branch (AAIB) stated that after the autothrottle commanded more thrust “The engines both initially responded but after about 3 seconds the thrust of the right engine reduced. Some eight seconds later the thrust reduced on the left engine to a similar level… Both engines continued to produce thrust at an engine speed above flight idle, but less than the commanded thrust.” This situation prevailed until impact.

On Wednesday the AAIB stated that they were examining “All possible scenarios that could explain the thrust reduction and continued lack of response of the engines.” However, it also went on to specifically mention attention to the jet’s fuel system, saying “This work includes a detailed analysis and examination of the complete fuel-flow path from the aircraft tanks to the engine-fuel nozzles.” The AAIB also ruled out the plane having completely run out of fuel, stating that there was “adequate fuel” in the tanks when the plane crashed. In addition to the fuel required to get to the target destination or emergency alternative airport – whichever is further – aircraft typically carry between thirty and forty-five minutes worth of extra fuel as a safety margin.

Possible scenarios being examined include fuel contamination, coming either from fuel taken on at Beijing or leakage from an unknown source. In particular, a heavy contaminant at the bottom of the tanks would explain a lack of earlier problems on the flight, as the fuel levels would only have become low in the final stages of the trip. Another possibility is that a central part of the fuel system developed a leak, reducing the amount of fuel available to the engines.

It is known that, according to the AAIB, “the autothrottle and engine-control commands were performing as expected prior to, and after, the reduction in thrust,” suggesting that all software in the aircraft was functioning correctly and rendering a software failure unlikely, although this possibility also remains under investigation.

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5 Countries Where Marijuana Is Legal (Almost!)

By Robert Kane

Marijuana users have always sought legal loopholes in countries where it is illegal to own or smoke it. Many people choose to buy marijuana seeds (which is legal in many places), then grow and smoke their own (which is not!) But every marijuana smoker has probably dreamed at one point or another of living in a country where marijuana is legal – or at least where the ‘rules’ concerning possession are so lax that it is effectively legal.

Most people know about Holland’s famously relaxed laws regarding marijuana (which is why it doesn’t feature on the list below!) While no other country has achieved such high profile recognition for making marijuana legal, a number of places around the world have quietly relaxed their laws concerning possession for personal use. In most of these countries, possession still remains technically illegal, but penalties are not enforced if you are within certain guidelines – this is known as decriminalisation.

So, if living in a country where marijuana possession isn’t punished by the law sounds like heaven, here are five places you should consider emigrating!

Argentina

After a recent court debate about whether or not to punish those who buy and grow marijuana, Argentina has effectively made marijuana legal if it is in small quantities for personal use. A leading judge in Argentina even decided that it was ‘unconstitutional’ to legislate against marijuana possession! Those who buy marijuana seeds and grow their own are also leniently treated, so long as they are growing a small number of plants. The country is also notably supportive of several medical marijuana programs.

[youtube]http://www.youtube.com/watch?v=mFXUa382U3M[/youtube]

Australia

Before you go booking a one way ticket to Sydney, make sure you do your research. Different regions have different rules, but Western Australia, Southern Australia, Tasmania, Victoria and Queensland have all decriminalised marijuana to a certain degree. In Tasmania, Victoria and Queensland, police have taken to ‘ticketing’ those caught with less than 50 grams of marijuana rather than arresting them, and Western and Southern Australia have instituted on the spot fines for minor possession rather than official warnings or arrests.

Belgium

Since 2003, the Belgian government has made the possession and use of marijuana legal under the following conditions:

The amount possessed is 5 grams or less

You are over 18

You do not smoke in the presence of minors

You do not smoke in public

You can buy marijuana seeds and grow them in Belgium without penalty – however, you are only allowed to own one female plant. The purchase and sale of marijuana is still illegal, but most Belgians simply get their marijuana in Holland.

Colombia

Colombia, has had relaxed laws concerning drug possession for over ten years. Possession of less than 20 grams of marijuana, one gram of cocaine and one gram of heroin is not considered to be illegal, although things may change – recent conservative governments have considered repealing this law to combat Colombia’s drug culture.

Nepal

Unlike the other countries on this list, Nepal doesn’t have an actual decriminalisation policy towards marijuana – it’s rather that the laws they have are hardly ever enforced! Marijuana used to be legal in Nepal, making it a hippy Mecca in the 1960’s and early 70’s. It has been illegal since 1973 – not that you’d notice. Marijuana is widely available and used, especially by Nepalese holy men. Note that smuggling and growing are punished, but possession and personal use rarely are – if the police catch you smoking they will stop you, but only to collect a small bribe!

About the Author: Robert Kane is the managing director of Sensible Seeds.com, where you can buy

marijuana seeds

and informational books online. The website sells its products to customers all over the world.

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Wikinews interviews British scientist Dr Paul Dolman about proposal to cull deer population

Category : Uncategorized

Friday, March 8, 2013

Wednesday, a team of researchers at the University of East Anglia, Norwich, United Kingdom published a study of the increasing deer population in the United Kingdom, in the Journal of Wildlife Management. They proposed to cull about half each year out of the estimated 1.5 million deer population.

Wikinews interviewed senior lecturer in ecology Dr. Paul Dolman, the lead author of the study, about the problems being faced from the increase in deer population.

((WN)) What prompted your research into the effect of the deer population on other wildlife?

Dr. Paul Dolman: As a conservation ecologist I have a long standing interest in woodland management.

((WN)) What sort of problems are arising from the continuing increase in the deer population?

Dr. Paul Dolman: In North America and parts of Europe including the UK, increasing deer populations are changing the structure of forest habitats. This has knock-on effects on plant communities, bird and small mammal populations, with a reduction in the numbers of woodland birds that need a complex shrub layer. In Britain, declines in a number of woodland bird species have been linked to increases in deer numbers. Other problems include damage to agricultural crops, and increased numbers of deer-related road traffic accidents.

((WN)) Which species of deer had the most severe impact on other animals and wildlife?

Dr. Paul Dolman: In the UK there are six deer species, of which two are native (red and roe) and four are introduced (muntjac, sika, fallow and Chinese water deer). There has not yet been sufficient detailed work to disentangle their effects, but it appears that fallow deer and muntjac have particularly strong effects on woodlands and other biodiversity.

((WN)) Is there an absence in the number of natural predators of the deer, which would otherwise control population?

Dr. Paul Dolman: Increases in deer populations are at least partly related to the historic removal of large predators (including species such as wolf, brown bear and lynx), as well as the abundance of nutritious cropland. However in densely settled farmed landscapes such as much of lowland England reintroduction of predators is problematic and control by culling is therefore an important aspect of deer management.
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Florida man accused of threatening to bomb animal shelter

Category : Uncategorized

Saturday, April 28, 2012

A Florida man was arrested after he allegedly left multiple phone messages with a local animal shelter in Brooksville, threatening to blow them up. Peter Dalessandro, 52, surrendered himself to authorities around 11:00 p.m. (local time) on Wednesday.

Dalessandro has been charged with multiple counts of threatening to place or discharge an explosive device and multiple counts of assault. Dalessandro allegedly made six calls after a puppy the shelter had taken in was euthanized quickly. He called the shelter several times on April 20 and threatened to kill anyone who was there and stated that a bomb was on the property. A search of the property, however, revealed no bomb.

Allegedly, Dalessandro was angered about a recent incident involving euthanizing of an eight-month-old puppy at the shelter within fifteen minutes after the dog’s arrival. According to reports, it is the animal shelter’s policy to euthanize animals as soon as possible if there is no room to house them. However, The Miami Herald reports a shelter volunteer’s claim that there were at least ten kennels open at the time the dog was taken in. An investigation has been opened into the incident and is ongoing. Several employees of the shelter have been relieved of their duties until it has completed.

The director of the shelter called the euthanizing a mistake. Further reports reveal that Dalessandro allegedly called the shelter staff “scumbags” and told them, “I don’t know how you can make an error like that. I’m going to place a bomb and kill everybody.”

Dalessandro has reportedly made threats of a similar nature not related to this case. According to police, Dalessandro has a history of harshly reacting to news of animals dying or which have suffered abuse and has a rap sheet dating back to 2001. Some of the accusations against him include calling individuals who have been accused of killing animals and calling an attorney defending an individual accused of killing a dog.

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