Posts Tagged ‘Act’

Lamelo Ball Mix “Calling my phone” (Lil Tjay) Ft. 6LACK – NBA highlights mix

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#LameloBall #Charlotte #Hornets

© Copyright :NBA & Charolotte Hornets

Don’t own any of these clips

*No copyright intended*
*All clips and music belongs to respective owners*
Copyright Disclaimer under section 107 of the copyright Act 1976, allowance is made for “fair use” purpose such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statue that might otherwise be infringing. Non profit, educational or personal use tips the balance in favor or fair use. “ I DO NOT OWN ANY OF THESE CLIPS

-Lamelo Ball Mix
-Lamelo Ball highlights
-Lamelo Ball NBA mix music
-Lamelo Ball Hornets
-Lamelo Ball NBA mix
-Lamelo Ball mix
-Lamelo Ball NBA highlights
-Lamelo Ball Hornets highlights
– Song: “Calling My Phone” (Lil Tjay) ft. 6LACK
– Music Video Link: https://youtu.be/zzd4ydafGR0

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2013-14 NBA Season Highlights ᴴᴰ

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Highlights from the 2013-14 NBA Regular Season. Re-uploaded due to technical issues. Song is Moment 4 Life by Nicki Minaj ft. Drake.

All credit goes to NBA for footage. I do not own or intend to claim any copyrights to these clips! All of these clips are from the National Basketball Association.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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NBA Reddit Highlights Mix Remix Lebron Durant Heat Thunder Kobe Wade Chicago Noah Rose Top Plays Of The Year Month Week Game Winner ESPN Buzzer Beater Toronto Raptors 2013 2014 Rudy Gay New Era Playoffs Demar Derozan Kyle Lowry Terrence Ross Amir Johnson Jonas Valanciunas Greivis Vasquez Landry Fields John Salmons Tyler Hansborough Chuck Hayes Patrick Patterson Dwane Casey Andrew Wiggins Masai Ujiri Tim Liewiki Organization Open Gym Highlights Dunk 51 Points Alley Oop Lebron James Kevin Durant Kobe Bryant Miami Heat Los Angelas Lakers Oklahoma City Thunder Boston Indiana Pacers Paul George NBA Mix DJ Fresh Longer Remix Drake Grantland Bill Simmons ESPN Sportsnet TSN TripleMKE Playoffs Dwyane Wade Chris Bosh Jeremy Lin Lithuania Canada United States Blake Griffin New York Carmelo Anthony Franchise Future JV T-Ross Boss All-Star New Orleans Valančiūnas Rebound Assist Steal Fantasy Amazing Incredible Draft Drummond

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Appraisal Management Company (AMC): What it is in Real Estate

Written by admin. Posted in A, Financial Terms Dictionary

Appraisal Management Company (AMC): What it is in Real Estate

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What Is an Appraisal Management Company (AMC)?

An Appraisal Management Company (AMC) is an independent entity through which mortgage lenders order residential real estate valuation services for properties on which they are considering extending loans to homebuyers.

AMCs fulfill an administrative function in the appraisal process, including selecting an appraiser and delivering the appraisal report to the lender. Individual appraisers who work for AMCs provide the actual property valuation services.

Key Takeaways

  • An Appraisal Management Company (AMC) is an independent real estate appraisal company hired by a lender to perform valuations on potentially mortgaged properties.
  • AMCs select state-licensed or state-qualified appraisers to valuate properties and deliver appraisal reports to lenders.
  • Customers seeking a mortgage on a prospective property, lenders, and mortgage brokers cannot choose the appraiser.
  • The U.S. government developed appraiser independence guidelines, restricting the influence lenders have on appraisers.

Understanding Appraisal Management Companies (AMC)

AMCs have been a part of the real estate landscape for the past 50 years. However, their numbers remained limited until the financial crisis of 2007 to 2008.

In 2009, the New York Attorney General, government-sponsored enterprises Freddie Mac and Fannie Mae, and the Federal Housing Finance Agency (FHFA) established the Home Valuation Code of Conduct (HVCC) appraisal guidelines. The HVCC guidelines, no longer on the books, laid the foundation for the appraiser independence found in the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act. Laws obligating lenders to use independent appraisers led to a sharp rise in the use and number of AMCs.

The HVCC and later federal regulation sought to limit the amount of direct contact that lenders could have with appraisers. Essentially, the U.S. federal government created appraiser independence requirements to prevent lenders from influencing appraisers to inflate property values, a problem believed to have contributed to the housing crisis.

With an AMC, mortgage brokers, loan officers, nor homeowners may select the appraiser for the property on which they want to lend/borrow funds. Since the former parties have a financial interest in the transaction, there is a risk they might attempt to influence the appraiser to assign a higher value to the property than market conditions support so the transaction will go through.

When the system works correctly, the AMC chooses an appraiser with local knowledge of the market for the property being appraised.

Appraisal Management Company (AMC) Requirements

AMCs maintain a pool of state-licensed or state-qualified appraisers to meet requests from lending institutions. An appraiser is then assigned to provide an appraisal report for the property.

AMC appraisers are not provided with any prior information regarding the property or put in contact with the lending institution. The appraiser’s assessment must meet the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines. If there are any issues, the AMC can legally assist.

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Asset Retirement Obligation: Definition and Examples

Written by admin. Posted in A, Financial Terms Dictionary

Annualized Income Definition, Formula, Example

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What Is Asset Protection?

Asset protection is the adoption of strategies to guard one’s wealth. Asset protection is a component of financial planning intended to protect one’s assets from creditor claims. Individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets while operating within the bounds of debtor-creditor law.

Key Takeaways

  • Asset protection refers to strategies used to guard one’s wealth from taxation, seizure, or other losses.
  • Asset protection helps insulate assets in a legal manner without engaging in the illegal practices of concealment (hiding of the assets), contempt, fraudulent transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion, or bankruptcy fraud.
  • Jointly-held property under the coverage of tenants by entirety can work as a form of asset protection.

Understanding Asset Protection

Asset protection helps insulate assets in a legal manner without engaging in the illegal practices of concealment (hiding of the assets), contempt, fraudulent transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion, or bankruptcy fraud.

Experts advise that effective asset protection begins before a claim or liability occurs since it is usually too late to initiate any worthwhile protection after the fact. Some common methods for asset protection include asset protection trusts, accounts-receivable financing, and family limited partnerships (FLP).

If a debtor has few assets, bankruptcy may be considered the more favorable route compared to establishing a plan for asset protection. If significant assets are involved, however, proactive asset protection is typically advised.

Certain assets, such as retirement plans, are exempt from creditors under United States federal bankruptcy and ERISA (the Employee Retirement Income Security Act of 1974) laws. In addition, many states allow exemptions for a specified amount of home equity in a primary residence (homestead) and other personal property such as clothing.

Asset Protection and Real Estate

Jointly-held property under the coverage of tenants by entirety can work as a form of asset protection. Married couples who hold mutual interest in property under tenants by entirety share a claim to a whole piece of property and not subdivisions of it.

The combined ownership of the property means that creditors who have liens and other claims against one spouse cannot attach the property for their debt reclamation efforts. If a creditor has claims against both spouses, the tenants by entirety stipulations would not protect the asset from being pursued by that creditor.

Some attempts at asset protection include putting the property or financial resource in the name of a family member or other trusted associate. For example, an heir might be gifted ownership of real estate or other property while the actual owner continues to reside in the property or make use of it. This could complicate efforts to seize property as actual ownership must be determined. Financial accounts may also be domiciled in offshore banks in order to legally avoid paying taxes against those funds.

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