Finance Weekly Updates

Tips for Buying a Foreclosed Home

By Staff Editor | December 27, 2018

One great way to get a bargain today is to buy a home that is under foreclosure. You should be careful, however, if you plan to buy a foreclosed home buy using these five tips. Many companies, such as Keller Williams Realty, Inc., Trammell Crow, Lincoln Property and Kirk Sanford and Sightline Acquisition Corp, can offer even more tips of this sort for benefiting from a depressed economy.

Just because something is foreclosing doesn’t mean it’s a great deal. Sometimes, even the banks overprice their properties. Hire a good realtor and know the market. Pay attention to location; don’t buy in the wrong area just because something is a good deal. Get an inspection and do a title search. Spending a bit of money now can save you a great deal later. Finally, make sure you hire a good attorney.

Just because a foreclosed property might be the best way to go, don’t close out all other options. You might find a better deal with a seller than you do with a bank. Keep all of your options open and be a smart buyer. Surround yourself with knowledgeable people including real estate agents, lawyers and more.  Make sure to do all of your homework and to educate yourself about buying a foreclosed home before  you sign on the dotted line.

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Malaysian Businessmen Optimistic About 2010

By Staff Editor | December 24, 2018

According to the International Business Confidence Survey, Malaysia is seen as one of the top ten countries regarded as best able to deal with the global economic crisis. Surveying 7500 businessmen in 24 countries, this survey conducted by Servcorp intended to gauge international business moral. Certainly, Malaysian businessmen such as Taek Jho Low, Regional Development Authority (Irda) chief executive officer Harun Johar, MIDA chairman Dr Sulaiman Mahbob and others should take heart.

Australia received the #1 spot with the highest vote of confidence for their ability to weather the recent global economic crisis, while China and India earned the second and third spots respectively.

The Malaysian economy did register a 6.2 percent negative growth during the first quarter of 2009; however, they have a positive growth forecast in the fourth quarter of 2009 and for the coming year in 2010.

The results of another survey, carried out by accountancy body, CPA Australia, indicate that business leaders in Southeast Asia are optimistic about the end of the global economic downturn. Of the 300 business leaders in the region, including a number in Malaysia, who were questioned, most said that they expect the global economic issues to be over by the end of 2010.

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Hedge Funds Help Families Acquire Homes

By Staff Editor | December 24, 2018
NIR Group Helps Hedge Funds for Habitat

The hedge fund community of New York has established an organization in conjunction with Habitat for Humanity whose mission is to help hard-working New York families fulfill their “once-in-a-lifetime” dream of home ownership.

These are families that without the intervention of Habitat and the support of hedge funds and private equity firms would not be able to compete for purchase of real estate in New York City.

Hedge Funds for Habitat-NYC is supported by some of the leading hedge fund and private equity firms in New York, including but not limited to:

Jason A. Press
The N.I.R. Group LLC, Corey Ribotsky,  Managing Partner
Walter Noel
PNC MultiFamily Capital
Tullett Prebon Holdings Corp
Vantage Partners

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Looking for a Tax Haven: Try Delaware, USA

By Staff Editor | December 24, 2018

Coming out ahead of both Switzerland and Luxembourg, the American state of Delaware was ranked first as the most opaque tax haven by the Tax Justice Network. The TJN is an organization whose mandate is to promote transparency in international finance.

Although Switzerland received the highest score for secrecy, here called opacity, along with several other countries such as Malaysia and small Caribbean countries like Barbados, when calculated together with the country’s importance as a place of cross-border financial activity, Delaware outranked these other countries.

The outcome of the ranking is as follows:

USA (Delaware)
Luxembourg
Switzerland
Cayman Islands
United Kingdom (London)
Ireland
Bermuda
Singapore
Belgium
Hong Kong

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Finance Weekly Profile: Alan Quasha

By Staff Editor | December 24, 2018

From time to time we like to profile interesting and/or successful individuals making news in the world of finance. Alan Quasha is perhaps best known for his great talent restructuring companies. Among his more recent endeavors have been the restructuring of Genius Products. Formerly owned by Harvey and Bob Weinstein, Genius is an entertainment distribution company. Alan Quasha also facilitated the acquisition of the private equity operation of Lehman Brothers by the investment firm Reinet Investments.

Alan Quasha is a principal at Quadrant Management, an investment firm which focuses its resources on U.S. and emerging markets.

Alan Quasha started restructuring companies over thirty years ago when there was not much financial incentive to perform this task as an agent. Therefore, he learned early through necessity that the best approach was to become a partner in the process. This philosophy has assured many years of successful restructuring ventures and earned Alan Quasha his well-deserved excellent reputation.

Being a shy man by nature, Quasha has always avoided the limelight. He is associated with several other investment firms in addition to Quadrant, including Carret Asset Management Group and Vanterra Capital, where he is the founding principal of this global private equity fund.

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