Monday, February 21, 2011

Making Money Scams

 


Job Hunter Scams


These types of scams targeting job hunters and attempts to gain access to personal information such as bank account or social security numbers and sometimes even ask for a fee in order to be registered for the job. This is one of the most common type of scams today with more and more people loosing jobs and it is getting difficult to get new jobs.


 


Debt Relief and Settlement Services


These services often charge fees and leave the consumer in even more debt. It is estimated by the Better Business Bureaus that these type of services increased by approximately 30 percent in 2010.


 


 


Work from Home Schemes




How low is a Facebook scammer prepared to go? Here's a pretty sick rogue application that we've seen affecting some users of the world's most popular social network, leading to the all too familiar money-making survey scam at the end.



OMG she is so busted!! Dad catches Daughter on Webcam!


Hmm. It would be nice to think that no-one would be interested in clicking on a link like that. But human nature being what it is, some folks (guys in particular I would guess) might be tempted to find out more and find they aren't able to show some restraint.


So, what does happen if you click on the link?


First thing you'll see is this splash screen (I've used some pixelation to protect the innocent):



If you are still tempted to click further, you'll be asked by a rogue Facebook application to grant permission for it to be able to post to your wall.



By the way, it's not just your personal Facebook page that the app will be able to post updates to - it will also be able to publish to any pages you might be responsible for, which could prove highly damage if you administer a Facebook page for your firm.


So, after all this, do you get to see the video?



Nope. Instead, you'll be greeted by a survey. And this survey makes money for the scammers behind the scheme as they earn commission for every survey completed.


Worse still, your Facebook account has already been abused by the rogue application which has posted a message about the dad catching his daughter stripping on a webcam for all of your Facebook friends to see.




Wow she got caught so dirty.


Busted!! Dad Catches Daughter on Webcam!

Do not watch unless 18+

Content is graphic. Watch at your own risk!


In this way the scam spreads virally, attempting to earn as much money as possible for the survey scammers.


I know there will be people out there who feel that anyone who clicks on links like this deserve everything they get, but that doesn't mean the rest of us should be bombarded by spammy messages on Facebook just because some of our online friends have turned out to be a littel bit seedy.


We've seen cybercriminals use grubby themes like this to spread their attacks, and no doubt we'll see them again. Human nature isn't going to change and people will carry on clicking on them unless they're educated about the threats. Of course, it wouldn't do any harm if Facebook could work a little harder at preventing scams like this occurring in the first place.


If you have been hit by scams like this on Facebook, and are struggling to clean-up your profile, here's a YouTube video I made which describes what steps you need to take:



(Enjoy this video? You can check out more on the SophosLabs YouTube channel and subscribe if you like)


Make sure that you keep informed about the latest scams spreading fast across Facebook and other internet attacks. Join the Sophos page on Facebook, where over 60,000 people regularly share information on threats and discuss the latest security news.

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Thursday, February 17, 2011

personal finance and budgeting

While it is important to have in writing all of your financial transactions, it is not really practical when the transaction is among friends or of a very small amount. However, you still would like some kind of casual record and YomTicket provides you with a way to do just that. YomTicket lets you create a quick YouOweMe ticket specifying who owes you what, your email as well as their email address.

Once you create the ticket an email is automatically sent to the recipient. You can also set reminders ranging from 2 times a day to once in 4 weeks. On the other hand, if you are the recipient and want to remember that you owe somebody, you can create an IOweYou ticket in a similar fashion.

Features:

  • Create YouOweMe and IOweYou tickets.
  • Specify who owes whom and exactly what.
  • Set automatic reminders.
  • Use via the iPhone app.
  • No registration required.
  • Similar tools: Billster, De-Bee, BillMonk, Scred and Billshare.

Visit YomTicket @ www.yomticket.com

While it is important to have in writing all of your financial transactions, it is not really practical when the transaction is among friends or of a very small amount. However, you still would like some kind of casual record and YomTicket provides you with a way to do just that. YomTicket lets you create a quick YouOweMe ticket specifying who owes you what, your email as well as their email address.

Once you create the ticket an email is automatically sent to the recipient. You can also set reminders ranging from 2 times a day to once in 4 weeks. On the other hand, if you are the recipient and want to remember that you owe somebody, you can create an IOweYou ticket in a similar fashion.

Features:

  • Create YouOweMe and IOweYou tickets.
  • Specify who owes whom and exactly what.
  • Set automatic reminders.
  • Use via the iPhone app.
  • No registration required.
  • Similar tools: Billster, De-Bee, BillMonk, Scred and Billshare.

Visit YomTicket @ www.yomticket.com


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LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


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LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company sales

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company sales

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company scam

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


benchcraft company scam

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company scam

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company scam

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.


bench craft company scam

LA REVUE GAUCHE - Left Analysis And Comment: Old <b>News</b>

A long time correspondent for LabourStart, the online union news service. A member of the Assoc. of United Ukrainian Canadians and the IWW. A founding member of Alberta Labour History Institute and the Alberta Spanish Civil War Memorial ...

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Washington Extra – Royal <b>news</b> | Analysis &amp; Opinion |

As is increasingly the case, the United States is finding that talking pro-democracy is one thing. Dealing with the aftermath of uprisings another.















Tuesday, February 15, 2011

Im Making Money


How bad is it? Try to guess who wrote the following:


[Senators] have to lead, because this president is too weak, too cautious, too beholden to politics over policy to lead. In this budget, in his refusal to do anything concrete to tackle the looming entitlement debt, in his failure to address the generational injustice, in his blithe indifference to the increasing danger of default, he has betrayed those of us who took him to be a serious president prepared to put the good of the country before his short term political interests. Like his State of the Union, this budget is good short term politics but such a massive pile of fiscal bullshit it makes it perfectly clear that Obama is kicking this vital issue down the road.


To all those under 30 who worked so hard to get this man elected, know this: he just screwed you over. He thinks you’re fools. Either the US will go into default because of Obama’s cowardice, or you will be paying far far more for far far less because this president has no courage when it counts. He let you down. On the critical issue of America’s fiscal crisis, he represents no hope and no change. Just the same old Washington politics he once promised to end.


That’s Andrew Sullivan, formerly Obama fan numero uno in the blogosphere, now coping for the second time in eight years with crushing disappointment from a president he ardently supported. Ed’s already written a bunch about the budget today so I won’t belabor it, but have a look at Andrew Stiles’s bullet-point list of the lowlights if you missed it. $26.3 trillion in new debt — repeat, new debt — alone over the next decade. Says Jake Tapper, summing things up in a single harrowing line, “At no point in the president’s 10-year projection would the U.S. government spend less than it’s taking in.”


I’m preaching to the choir but let’s make sure we all understand the magnitude of what we’re seeing here: On the seminal issue of his time, the long-term fiscal sustainability of the United States, this guy has completely abdicated. In fact, I’m tempted to say that this, not ObamaCare, will be the cornerstone of his legacy, but that’s really a false choice. They’re two sides of the same coin: He has a policy agenda but we don’t have the money to pay for it, and so one or the other must yield. Guess which one he thinks it should be. Remember too that O once famously said he’d rather be a good one-term president than a mediocre two-termer. Today’s budget exposes that canard for the total fraud that it is. He could have dealt with Social Security and Medicare here but seniors won’t stand for that, and, well, there’s an election coming up and we all know how high turnout is among seniors…


It is, as Yuval Levin says, “an appalling failure of leadership,” one which forces the GOP to lead on entitlements. Think they have the guts to do it? I don’t, and evidently neither does NRO’s Dan Foster. Read his post in full, please, because I keep seeing conservatives high-fiving over last week’s tea-party insurrection in the House over budget cuts and I can’t understand why. It’s a cosmetic win. It means next to nothing. But here’s the difference between Obama and the GOP: Even though there’s an election next year, congressional Republicans would, I think, be willing to tackle entitlements if Obama went all-in with them, simply because they’ve invested so much of their brand in fiscal responsibility to woo tea partiers that they couldn’t risk walking away. They need some bipartisan cover on it, though; they can’t make enemies of seniors all alone right before a presidential contest. The linchpin, then, is Obama. He could provide that bipartisan cover by making an impassioned push to deal with this issue now, together, and would probably impress a lot of independents in the process. But seniors’ reaction would be unpredictable and his base would despise him for trimming the “social safety net” instead of propping it up with more Monopoly money, so he’s walking away to get elected. Devastating. Thanks to Breitbart for the clip.






App Store Classics: Game Dev Story, a game about making games.


Ever wondered what it’d be like to run your own game development house? Me neither, but don’t let that stop you getting involved with Game Dev Story (iTunes link), a little gem of a game from Japanese developers Kairosoft, currently on sale in the app store for $0.99.


The concept is straightforward – grow your development house from a tiny team of four staff churning out cheap and cheerful PC games to a revered coding powerhouse in swanky offices crafting masterpieces for the latest consoles.


At first you’ll probably be going over budget left right and centre, trying to figure out which game types work best and therefore shift more units, but once you get into the swing of it you can concentrate on hiring and training the best staff and purchasing licences to develop console games, resulting in better made and better selling games with higher profit margins.


It’s not just a question of hiring and firing, coming up with game ideas and watching your staff working their buns off though. Through the use of ‘boosts’ which are periodically made available to purchase as the game progresses (not in-app purchases I hasten to add), you can choose one of your coders to work on enhancing one specific aspect of the game. This pushes up the overall quality of the game you’re making and results in better reviews and sales, adding a further strategic element as you choose the right moment and category in which to use your boosts. At certain points within the development cycle you also get the chance to work on the graphics and sound specifically, either using one of your own staff or hiring in a freelancer, and this too gives you the opportunity to increase the overall quality of your virtual product.



When you make your first million seller it’s a satisfying moment but there’s no time to rest on your laurels. There are always new consoles appearing on the market, contract jobs to take on, new staff to hire and new game types to discover. If you leave too much of a gap between development cycles you start losing fans and therefore a few sales, but think carefully about what kind of games you make – my pirate simulation was a right turkey.



It’s all great fun, but it’s fair to say there are a few things here which need to be addressed by the time Game Dev Story 2 arrives in the app store. I know it’s a tall order on a phone but I couldn’t help thinking how nice it would be if I could play the games my team had made. Even a comedy cut sequence showing some aspects of the latest game would have been good. There are also some hugely expensive advertising options within this game that offer no feedback other than some numbers increasing on a stat page. If I’m sponsoring a racing team I’d like to see my company logo on the side of a formula one car at least!


Finally, the game is perhaps a bit on the easy side. I’m sure if developing a multi million selling game was this straightforward we’d all be at it. Well, maybe not, but it’s easy to make enough money that you don’t have to worry too much about how you spend it, and this negatively impacts the strategy element.


All things considered however, Game Dev Story is great fun. It’s a good natured game and from the cute graphics and retro sound to the amusing titles you can give your creations, it’s a rewarding experience which works perfectly whether in short bursts or longer play sessions. Did I mention that it’s currently only $0.99 on the app store?







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CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


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CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


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CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


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CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


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CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


bench craft company credit card

CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.


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CBS <b>News</b> reporter Lara Logan sexually assaulted in Egypt - From <b>...</b>

CBS says Logan was the victim of “a brutal and sustained sexual assault and beating” while covering the events in Egypt last week.

What Apple&#39;s new subscription policy means for <b>news</b>: new rules <b>...</b>

That means news organizations will be incentivized to convert customers they already have relationships with — a.k.a. print subscribers — into tablet-only or tablet-also readers. If you're a newspaper and you can convince your 20-year ...

Lara Logan of CBS <b>News</b> Was Attacked and Sexually Assaulted in Egypt

Many of the scenes broadcast from Egpyt in recent days have been joyful, but events took a horrific turn for CBS News correspondent Lara.

















Friday, February 11, 2011

bank foreclosure

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OtterBox debuts Utility Series Latch for iPad | iLounge <b>News</b>

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OtterBox debuts Utility Series Latch for iPad | iLounge <b>News</b>

iLounge news discussing the OtterBox debuts Utility Series Latch for iPad. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

Sony to search PS3 hacker&#39;s computer PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of Sony to search PS3 hacker's computer.

Nokia Finally Drops Its <b>News</b>: It&#39;s Microsoft | mocoNews

The news everyone has been waiting for has finally come out: Nokia (NYSE: NOK) has done a deal with Microsoft (NSDQ: MSFT), where Windows Phone will become the primary operating system for Nokia's smartphones. The deal will bring brands ...


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OtterBox debuts Utility Series Latch for iPad | iLounge <b>News</b>

iLounge news discussing the OtterBox debuts Utility Series Latch for iPad. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

Sony to search PS3 hacker&#39;s computer PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of Sony to search PS3 hacker's computer.

Nokia Finally Drops Its <b>News</b>: It&#39;s Microsoft | mocoNews

The news everyone has been waiting for has finally come out: Nokia (NYSE: NOK) has done a deal with Microsoft (NSDQ: MSFT), where Windows Phone will become the primary operating system for Nokia's smartphones. The deal will bring brands ...


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OtterBox debuts Utility Series Latch for iPad | iLounge <b>News</b>

iLounge news discussing the OtterBox debuts Utility Series Latch for iPad. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

Sony to search PS3 hacker&#39;s computer PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of Sony to search PS3 hacker's computer.

Nokia Finally Drops Its <b>News</b>: It&#39;s Microsoft | mocoNews

The news everyone has been waiting for has finally come out: Nokia (NYSE: NOK) has done a deal with Microsoft (NSDQ: MSFT), where Windows Phone will become the primary operating system for Nokia's smartphones. The deal will bring brands ...


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OtterBox debuts Utility Series Latch for iPad | iLounge <b>News</b>

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It's taking banks so longer and longer to process home foreclosures. What does this mean for foreclosure clean up business owners? When the flood gates open, foreclosure cleaning and real estate services companies are going to be busier than ever.

Following is an explanation of how and why.

Home Foreclosures: How Long Does It Take a Bank to Foreclose?

The time period from when formal home foreclosure takes place varies by state. Some states have a grace period of 30 days; others can take as long as six months. But, these are in normal times. Right now, we're in anything but normal times.

It's taking banks in states with high home foreclosure rates (eg, Florida, Georgia, California, Nevada, etc.) as long as six or nine months to even get around to even dealing with a property and processing it as an official foreclosure.

Home Foreclosures: The "Sign" (or Not) of the Times

Usually, when a home is foreclosed on, soon after the residents depart, you'll see a realtor's "For Sale" sign in the yard. Or, a bank "Foreclosure for Sale" sign. Or at the very least some kind of lock box on the door to secure the property.

Nowadays, it's not uncommon for a property to sit empty -- with none of the above present -- for months on end.

This probably means that the bank/lender hasn't gotten around to officially foreclosing on the property because once they do, they assign it to a realtor to be fixed up and ready to be marketed again (eg, put up for sale or lease).

When you consider the latest home foreclosure statistics, this makes perfect sense. According to RealtyTrac, a leading site for home foreclosure information, U.S. foreclosure filings may hit a record 1.8 million by the first half of the year (2009).

Foreclosure Cleanup and Real Estate Cleaning Firms Poised to Capitalize

Once banks get their policies and procedures in place, foreclosure clean up and real estate services firms are poised to capitalize.

Right now, banks are just struggling to deal with the tsunami of paperwork required to process a foreclosure. This leaves little time for vetting companies to deal with what happens after this process is done, eg, getting a property ready to go back on the market again.

Want Foreclosure Clean Up Contracts? Get Official

Man-with-a-van-type operations won't cut it. Banks and other lenders will be looking for companies that have the proper licensing and insurance, at the very least. In essence, they will be looking to hand out foreclosure clean up contracts and other real-estate-related services to "official" companies.

Many communities have federal dollars that have come in/are coming in to specifically help neighborhoods recover from the home foreclosure crisis.

Those foreclosure clean up companies (and real estate services firms) who have their "ducks in a row," so to speak, will be the ones to capitalize.


Tuesday, February 8, 2011

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