Showing posts with label disaster. Show all posts
Showing posts with label disaster. Show all posts

Thursday, August 25, 2011

How to keep Irene out of your house

Big, blustery Hurricane Irene is barreling up the East Coast and she's got her eye on your home. And when she sits around your house, she sits around your house.

by Broderick Perkins
© 2011 DeadlineNews.Com
Enter The Deadline NewsroomNews that really hits home!
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Deadline Newsroom - Big, blustery Hurricane Irene is barreling up the East Coast and she's got her eye on your home.

And when she sits around your house, she sits around your house.

Kinetic Analysis Corp. expects Irene to cause as much as $13.9 billion in insured losses if she blusters ashore in full force.

The Category 3 storm will be packing rain-lashing winds of more than 100 miles an hour, but the National Weather Service projects, before expected landfall this weekend around North Carolina's Outer Banks, the tropical cyclone could become an even more devastating Category 4 storm pushing winds at more than 130 miles an hour.

Photo: Category 3 Hurricane Irene churns on August 25, 2011 in the Caribbean Sea. Irene is projected to become Category 4 storm with winds more than 131 miles per hour before landfall on the eastern seaboard of the U.S. (Photo by NASA via Getty Images)

A Category 4-level storm (before the Saffir–Simpson Hurricane Scale was developed) that hit the island port city of Galveston, TX in 1900, is the deadliest natural disaster in U.S. history. It killed 8,000 -- one in six residents -- and destroyed most of the buildings in it's path.

Other examples of Category 4 storms include Hazel (1954), Carmen (1974), Iniki (1992), Luis (1995), Iris (2001), Charley (2004). Katrina, which hit the Gulf Shore in 2005 was a Category 5 at its strongest point, followed by Rita, a Category 3.

If you are among the 16 million Americans in the path of the storm and haven't already evacuated -- and you should if you've been so advised -- it's time to batten more than the hatches.

The Federal Emergency Management Agency and other disaster preparedness experts swear by the time-honored phrase "an ounce of prevention is worth a pound of cure" to rally property owners to the practice of mitigation -- preventing damage before it occurs, rather than cleaning up afterward.

While a hurricane comes with a wind blown storm surge that can raise water levels and cause flooding, as in the Katrina storm, you want your home to be as intact as possible after the storm passes.

The key is keeping Irene outside.

"The trick to making a structure extremely wind resistant is to create a continuous connection path from the roof rafters or trusses all the way down to the foundation," says Cincinnati's master contractor Tim Carter of AskTheBuilder.com.

Here's how.

Roofing, walls

FEMA says the broad, flat surface of the home below gable-end roofing makes a home particularly susceptible to high wind damage. If the framing -- rafters or trusses -- isn't braced, winds could blow off the roof and, once inside, blast out the walls.

A professional roof inspection can indicate if your roof needs bracing. Hire only licensed, specialized contractors to do the work -- installing 2-by-4's between the roof rafters or trusses at each end of the house, as well as anchoring accessible roof rafters and trusses to the wall system.

If you have to strengthen interior walls to hold the roof connections, that could mean removing surface covering to get at the framing, says the Natural Hazards Research and Applications Information Center at the University of Colorado.

Windows

Double- or triple-glazed windows not only provide a stronger wind barrier, but add energy-efficient insulation, greater fire protection and noise abatement qualities to your home.

However, even triple-glazed windows that aren't protected can offer easier access to wind borne missiles than permanent storm shutter (not the cosmetic variety) protected windows.

For every $1 invested in wind shutters, at least $5 is saved in mitigated interior damages, according to the Emergency Service Center South, in Dade County, FL.

Protected windows also reduce the risk of roof damage caused by high winds that manage to penetrate the building.

Temporary, less expensive plywood covers are another option you can also use to protect sliding glass doors or large widowed areas. However, don't nail down the plywood, as frantic homeowners are often shown doing during televised news broadcasts of approaching storms.

Fasten plywood panels down with screws or lag bolts long enough to penetrate the wall studs around the window, not just the siding or wall covering.

Doors

For doubled-sided entry doors, add a heavy-duty dead bolt or replace the existing dead bolt with a stronger one. Add sturdy slide bolts at the top and bottom of the inactive door and replace all existing hinge screws with longer screws that extend further into the doors and frame. Likewise, shore up single doors and replace old or damaged ones with stronger ones, FEMA recommends.

Garage doors

The garage door is another broad, weak surface. A skilled do-it-yourself home owner can perform the necessary reinforcement work -- adding girts across the back of the door and strengthening the glider wheel tracks. Also replace old or damaged garage doors with a stronger model. Reinforce it as well. Smaller single-car garage doors resist wind forces better than two-car garage doors and windowless doors are safer because glass is easily broken by high winds and wind blown debris.

Wind-borne missiles

Remove or move trees so they are far enough away from your house that they can't fall on it.

Anchor storage sheds and other outbuildings to a permanent foundation or with straps and ground anchors. Keep your property clear of debris and other items that can become wind-borne missiles.

Visit FEMA's Hurricane page online for more information.

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© 2010 DeadlineNews.Com

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Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!" now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Under the DeadlineNews Group umbrella:

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Real Estate Examiner
National Consumer News Examiner
National Offbeat News Examiner

Other DeadlineNews Group Feeds are available from DeadlineNews.Com.

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Thursday, July 7, 2011

Homeowner associations' special disaster preparedness needs

Every homeowner needs to prepare for disaster, but those who live in HOA communities have some special disaster preparedness needs related to the shared lifestyle of HOA living -- everyone in the community needs to be aware of and part of the plan, says the National Board of Certification for Community Association Managers

by Broderick Perkins
© 2011 DeadlineNews.Com
Enter The Deadline NewsroomNews that really hits home!
Unauthorized use of this story is a copyright violation -- a federal crime

Deadline Newsroom - If you live in a condo, townhome or other community governed by homeowners association (HOA), take a lesson from Judy Rosen who lives in a 70-unit HOA in St. Louis, MO.

When the "Good Friday-Earth Day" tornado in April this year carved a 22-mile swath of destruction through town, damaging 200 homes and leaving thousands without power, Rosen's community residents were huddled in the community's underground windowless garage.

Luckily, their community wasn't damaged but residents were assured by knowing what to do and where to go because of a disaster preparedness plan already in place.

"I would be just panicked if something happened to the people who live in my community," said Judy Rosen, a community manager with more than 30 years' experience.

"But because I took the time to sit down and write an emergency preparedness plan, I know I had done my job. That prepares me, and that prepares my community, for whatever can happen," Rosen said.

Californians rarely see tornados. but they are no strangers to earthquakes, floods, mudslides, wildfires and other Wild West disasters.

Every homeowner needs to prepare for disaster, but those who live in HOA communities have some special disaster preparedness needs related to the shared lifestyle of HOA living -- everyone in the community needs to be aware of and part of the plan, says the National Board of Certification for Community Association Managers .



According to the American Red Cross, writing a disaster preparedness plan has six steps:

• Commitment. The HOA board, management company and others in leadership roles should become committed to disaster planning. Members can play a role by encouraging leadership to get committed.

• Assessment. Determine what components of the community are vulnerable to hazards. Is earthquake retrofitting necessary? How would a flood impact the community? Learning weak points is a proactive way to shore them up.

• Response. Develop an emergency response plan. The plan should include many "what ifs," for example "What if some or all of the community is no longer habitable?" Learning disaster scenarios will help produce a response for each scenario.

• Testing. Test your response plan. Run test drills based on the scenarios developed in the response plan. Emergency plans should be reviewed annually.

• Communicate. Disseminate information about your disaster preparedness plans in newsletters, bill inserts, bulletin boards (online and around the common area).

• Assistance. A commitment to disaster preparedness is a commitment to helping others. Some communities adopt a local school or church or host a blood drive or get involved in some other community outreach activity associated with a location that could be impacted in a disaster.

Broderick Perkins operates a Silicon Valley, CA-based digital news service, the DeadlineNews Group. Contact him at news@deadlinenews.com

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© 2010 DeadlineNews.Com

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Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!" now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Under the DeadlineNews Group umbrella:

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Real Estate Examiner
National Consumer News Examiner
National Offbeat News Examiner

Other DeadlineNews Group Feeds are available from DeadlineNews.Com.

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Monday, September 13, 2010

Oil spill sinks home prices, sales

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Oil Spill Distress Syndrome hits three in 10
Only four months after the onset of the Gulf oil disaster, the event is taking a toll on the housing market, as some coastal areas face home values slipping by as much as 15 percent, while others see sales sliding by more than 30 percent.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - As predicted, and only four months after the onset of the Gulf oil disaster, the event is taking a toll on the housing market, as some coastal areas face home values slipping by as much as 15 percent, while others see sales sliding by more than 30 percent.

One in four real estate professionals in Gulf Coast region reported the oil spill's negative effects on real estate markets even in areas with no physical damage, far inland from the coast, according to a survey by Clear Capital, a Truckee, CA-based real estate data firm.

While much of housing downturn is attributed to the oil disaster and related stigma, high unemployment and the expired tax credit are also exacerbating the problem.

"Many of these local markets in the Gulf have already experienced significant price declines over the last few years as well as a recent drop off in sales volume after the tax credit expiration. Additional downward pressure in the form of stigma and loss of employment will only serve to further dampen home price recovery," said Dr. Alex Villacorta, a statistician at Clear Capital.

VIllacorta added, "While social stigma appears to be the largest factor influencing the slowdown in home buying activity, it is clear the effects of the spill are being felt well inland from the coast."

Earlier studies reported some real estate properties could lose as much as 30 percent in value due to the oil disaster and it's not certain how or if the new Gulf Coast Claims Facility will honor claims based on lost property value.

The Clear Capital report found:

• More than 50 percent of those reporting a negative impact also reported a decrease in housing values by 5-15 percent.

• The number of sales has dropped dramatically year-over-year in many markets, even those that have not experienced a decrease in price or physical oil damage.

• Much of the negative impact reported was social stigma, misconceptions and ill-conceived perceptions due to a high degree of uncertainty.

Other highlights of the Clear Capital report

The report also said Real estate agents from southern coastal area of Alabama and the Florida Panhandle reported the greatest concentration of physically affected areas and estimated at least a 5-15 percent decrease in property values.

In Mobile, AL, for example, the home sales fell 25 percent in June from one year ago.

In Panama City, FL, prior to the oil spill, April sales were up nearly 11 percent, but agents reported to Clear Capital sales tanked by 32.5 percent in June this year, compared to last June.

Likewise, St. Petersburg, FL, far from any effects of the oil spill, enjoyed home sales increasing by as much as 18 percent in the spring, but by the end of June, sales were down by nearly 9 percent compared to last year.

Still recovering from Hurricane Katrina, New Orleans saw a nearly 13 percent drop in home sales in May and a dramatic 37.9 percent tumble in June.

More than 75 percent of real estate agents polled said there was no impact from the oil spill on their market, but 41.4 percent of agents in unaffected areas were unsure about the future and another 15.3 percent nevertheless anticipate a decline in housing prices.

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© 2010 DeadlineNews.Com

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Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!" now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Under the DeadlineNews Group umbrella:

Perkins is managing editor of HomeAway.com's Gulf Coast Response Center.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Real Estate Examiner
National Consumer News Examiner
National Offbeat News Examiner

Other DeadlineNews Group Feeds are available from DeadlineNews.Com.

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Friday, September 10, 2010

San Bruno fire kills 6, destroys 53 homes

Evacuees from San Bruno, California talk about the explosion and fire that left at least six people dead and 53 homes destroyed.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - A massive fire roared through a mostly residential neighborhood in the San Francisco suburb of San Bruno after reports of a large gas line explosion.



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© 2010 DeadlineNews.Com

Advertise on DeadlineNews.Com | Shop DeadlineNews.Com

Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!" now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Under the DeadlineNews Group umbrella:

Perkins is managing editor of HomeAway.com's Gulf Coast Response Center.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Real Estate Examiner
National Consumer News Examiner
National Offbeat News Examiner

Other DeadlineNews Group Feeds are available from DeadlineNews.Com.

DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


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Friday, June 18, 2010

Gulf Coast homeowners get mortgage relief

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Father's Day in the 'man cave'
With livelihoods and home values threatened by the Gulf oil disaster, it's a good thing lenders and others are coming forth to offer special relief for homeowners in the area.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - With livelihoods and home values threatened by the Gulf oil disaster, its a good thing lenders and others are coming forth to offer special relief for homeowners.

Fannie Mae this week announced that servicers may immediately suspend or reduce mortgage payments for borrowers impacted by the nation's greatest environmental disaster.

Under the company's "Special Relief Measures" policy, servicers can suspend or reduce a borrower's payments for up to 90 days. During that time, servicers will determine the nature and extent of the impact the disaster is having on properties and homeowner's financial condition.

Once servicers conclude the assessment they have additional leeway to evaluate any loss mitigation alternative, including an additional three months of forbearance, a loan modification or other customized solution.

Also see:
"More bad news for Gulf area home values"
"HomeAway helps Gulf area vacation property owners brace for oil spill fallout"

"We want to give homeowners every opportunity to weather this unprecedented disaster, including relief from their mortgage payment if that will help them get back on their feet and stay in their homes," said Michael J. Williams, President and CEO of Fannie Mae.

"Our policy is in place to support those who are experiencing a disaster-related hardship through no fault of their own and are acting in good faith to meet their mortgage obligation," Williams added.

Borrowers seeking relief under Fannie Mae's measures should contact their mortgage servicer.

Freddie Mac offered similar relief.

In addition to rank and file homeowners, there are an estimated 150,000 private vacation rental property owners in the Florida white-beach panhandle area alone who could experience lost income, even if oil doesn't come ashore and that could affect their ability to pay the mortgage, according to HomeAway.com an online portal for vacation rental owners.

The draw of the beaches and vacation home facilities are a major asset for the region's tourism economy, especially in Florida's Northwest region where the beaches and travel accommodations are often assets of individual vacation property owners, rather than hotels and resorts.

Citigroup CEO also this week announced a foreclosure suspension program for CitiMortgage home loans in coastal areas hard-hit by the oil spill in the Gulf of Mexico.

During a three-month suspension, effective Thursday through September 17, qualified borrowers with first mortgage loans owned by CitiMortgage will not be subject to foreclosure sales or foreclosure notifications, the bank said.

CitiMortgage will also waylay evictions on its real estate owned properties during the period.

The program aims to allow distressed homeowners to remain in their homes as Gulf communities respond to the oil spill and its economic repercussions.

"We hope that with this suspension we can help ease some of the financial stress for our customers in the affected Gulf region," said Sanjiv Das, President and Chief Executive Officer of CitiMortgage.

Meanwhile, the Louisiana Realtors Association (LRA) also recently announced it is prepared to use its Louisiana REALTORS Association Relief Fund (LRARF) to assist members and other Louisiana residents affected by the growing oil crisis.

LRA established LRARF in 2005 after Hurricane Katrina to assist its members and other Louisiana residents affected by major disasters. The program's guidelines online explain qualifying requirements.

Other help for homeowners may be available through the federal government's DisasterAssistance.gov program.

Anyone can keep apprised online of the official Deepwater Horizon Response unified command, including related disaster relief efforts.

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© 2010 DeadlineNews.Com

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Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Offbeat News Examiner
National Consumer News Examiner
National Real Estate Examiner

DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


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Monday, June 14, 2010

More bad news for Gulf area home values

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Zero interest credit card meltdown
Homes along the immediate path of the Gulf Coast oil leak are forecast to decline at least 30 percent in value as a result of the environmental catastrophe, according to Housing Predictor.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - Much of the nation is poised to recover from the worst housing downturn since the Great Depression, but the Gulf of Mexico area's housing markets could be in for yet another home value depreciation disaster.

The April 20 explosion and fire that ruptured an oil well, killed 11 workers, sank the BP-operated Deepwater Horizon drilling rig and became the nation's greatest environmental disaster, could also take down home prices in the Gulf by as much as 30 percent -- another 30 percent.

• Also see: HomeAway.com issues marching orders for Gulf area vacation property owners

Since 2005 housing markets in the Gulf have been slammed by horrific hurricanes and a perfect economic storm, all of which have sucked away at home values like a Hoover.

Moody’s Economy.com says area home values have declined 34 percent since the peak of the residential real estate market in 2006.

And now, commercial real estate information company CoStar says the economic fallout could clip another 10 percent off home values for the next several years costing $4.3 billion in lost property values overall, along a 600-mile coastal stretch from the Louisiana Bayous to Clearwater, FL on the west side of the state's peninsula.

Real estate broker, analyst and information transparency advocate, fired in March from his job as president of New Orleans' largest real estate firm, outspoken Arthur Sterbcow told Bloomberg last week, home values in the area will fall 5 percent to 15 percent in the next 12 months.

With the hurricane season looming and growing reports about cash buyers and others in the area backing out on property purchase deals, another, more recent forecast is even gloomier.

"Homes along the immediate path of the Gulf Coast oil leak are forecast to decline at least 30 percent in value as a result of the environmental catastrophe," according to housing market forecaster Housing Predictor.

The forecast covers only the immediate waterfront properties in Louisiana and Mississippi where homes and condos have suffered home value depreciation as great as 65 percent since the peak of the market, according to Housing Predictor.

Florida, over speculated during the housing boom, has had one of the nation's worst housing busts. One in every 174 Florida properties received a foreclosure notice in May, the nation’s third highest foreclosure rate -- higher even then California, according to RealtyTrac

"Real estate values would also be seriously impacted in Florida and Alabama if the oil reaches the beaches and has a strong likelihood of crippling local economies, sending more homes and other properties into foreclosure," the Housing Predictor reported.

That could include beachfront properties in Florida's Northwest tourism region where the beaches and travel accommodations are often assets of individual vacation rental property owners, rather than hotels and resorts.

The draw of the beaches and vacation home facilities are a major asset for the region's tourism economy.

• Click on the keywords below for more stories on this subject.

© 2010 DeadlineNews.Com

Advertise on DeadlineNews.Com | Shop DeadlineNews.Com

Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Offbeat News Examiner
National Consumer News Examiner
National Real Estate Examiner

DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


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Tuesday, June 8, 2010

HomeAway helps Gulf area vacation property owners brace for oil spill fallout

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Aromatic sign of the times
The vast majority of tourist areas in the Gulf have not been impacted by the disaster -- beyond fledgling fears from travelers that the pristine sugar white sand beaches in the area might be soiled by oil.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - After an April 20 explosion and fire ruptured an oil well and sank the BP operated Deepwater Horizon drilling rig 5,000 feet down in the Gulf of Mexico, a travel survey revealed the 150,000 private vacation rental property owners in the area need not be concerned about the impact on tourism.

The vast majority of tourism areas in the Gulf have not been impacted by the disaster -- beyond fledgling fears from travelers that the pristine sugar white sand beaches in the area might be soiled by oil.

The draw of the beaches and vacation home facilities are a major asset for the region's tourism economy, especially in Florida's Northwest region where the beaches and travel accommodations are often assets of individual vacation property owners, rather than hotels and resorts.

Those property owners cheered the Gulf Oil Perception Study, conducted by the Beaches of South Walton (BSW) a Northwest Florida tourism group. It found that most June or July 2009 travelers to the white sand coast area planned to return again this year, with only 1 in 20 changing plans because of the leaking well oil.

Also see: "More bad news for Gulf Coast home values"

"The results of this survey should offer hope to homeowners," says Christine Karpinski, director of Owner Community at HomeAway.com an online vacation home rental portal.

"It indicates plenty of vacationers are planning to come to the Gulf Coast—even if the worst-case scenario happens. The oil spill isn't necessarily a deal-breaker," added Karpinski, also author of "How to Rent Vacation Properties by Owner" (Kinney Pollack Press, $26.00).

Unfortunately, since the survey, the worst-case scenario has happened -- after killing 11 drilling rig workers, the Deepwater Disaster has become the worst oil spill in the nation's history.

Spreading further and further along the coastal region, above and below surface, oil spill conditions have worsened and vacation property homeowners are going to have to pull out the stops to keep guests coming and protect their property values.

Worst case scenario

• The spill has affected 120 miles of shoreline stretching from Louisiana to Florida.

• Vacation beaches are open and gulf water recreation continues, but oil is looming off northwest Florida, already depositing tar balls and debris on some, after soiling stretches of marshland and coast in Louisiana, Mississippi and Alabama in the worst U.S. environmental disaster ever.

• According to scientists, every day, 12,000 to 19,000 barrels of oil are gushing into the Gulf of Mexico, wreaking havoc to environment, sea species and businesses. By day 49 of the oil leak, conservative estimates suggested 600,000 to 800,000 barrels had gushed into the Gulf from the busted well. The last worst U.S. oil disaster was in March 1989 when the Exxon Valdez tanker spilled 250,000 barrels of oil in Alaska's Prince William Sound.

• Fully one-third of the Gulf's federal waters, or 78,603 square miles, remain closed to fishing, and the toll of dead and injured birds and marine animals, including sea turtles and dolphins, is climbing.

• Hurricane seasons looms with the specter of wind borne black rain soaked in oil.

How to keep 'em coming

So how should area vacation property owners keep their vacation rental homes occupied and profitable under such adverse conditions?

"I suggest you take a two-pronged approach," says Karpinski. "First, do everything you can to reassure the guests who've already booked with you, and second, do everything you can to procure new bookings."

• Ratchet up communication with customers, but be transparent. Spend time directly assuaging their worries, without giving false information. Be patient and give them all the time they need to feel comfortable with their decision.

Talk it up. Directly address the condition of the beaches, assuring guests that at this point they're still clean and beautiful (as long as they are). Frequently update online listing photographs of the white sands and pristine waters. Encourage recent renters to send up-to-date photos and write reviews. Also talk up area attractions, including restaurants, shopping, new travel facilities, or your beautiful pool, spa and Jacuzzi.

• Offer concessions. Offer free beach service, knock off the cleaning fee, offer buy-some-nights-get-one-free deals, throw in a gas card or free meal or discount attraction ticket. Do what it takes capture those yet-to-book vacationers.

• Loosen up your refund and cancellation policies. No one wants to accept a June booking in January, only to have the guest cancel on a whim on May 31, but these aren't normal times.

• Have an oil contingency plan. Don't devalue your property by slashing prices. Consider a "clean beach guarantee," that includes a full refund if the beach closes before they arrive; a refund for unused nights if the beach closes after arrival; a per-day percentage refund for guests who come even if the beach is closed.

• Be prepared for last-minute bookings. The BSW survey found that almost half of respondents planning to come to the Gulf Coast this summer haven't yet booked. Be accessible. List your cell phone number on your online listing's home page and or forward your home phone to your cell phone when you're out of the house. Be accessible.

• Gulf area vacation property owners can stay abreast with the "HomeAway Gulf Coast Oil Spill Update"

• Also see: HomeAway's "How to Mitigate Cancellations from the Gulf Coast Oil Spill"

• Click on the keywords below for more stories on this subject.

© 2010 DeadlineNews.Com

Advertise on DeadlineNews.Com | Shop DeadlineNews.Com

Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
National Offbeat News Examiner
National Consumer News Examiner
National Real Estate Examiner

DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


Read more!

Friday, May 21, 2010

New trends up cost of homeowners insurance

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Small loans carry big costs
Chinese drywall, living in coastal areas, lower home prices and credit scores are all impacting the cost of homeowners insurance and your level of coverage. It's to pull our your policy and give it the once over.

by Broderick Perkins
© 2010 DeadlineNews.Com
Enter The Deadline Newsroom

Unauthorized use of this story is a copyright violation -- a federal crime


Deadline Newsroom - What does Chinese drywall, living in coastal areas, lower home prices and credit scores have in common?

They are all issues that can cost you more in homeowners insurance, leave you with less coverage or even get your policy canceled.

Among the issues, Consumer Reports (CR) says after Chinese drywall created both property damage and health issues, some homeowners filed insurance claims. Insurers quickly rejected the claims and in some cases dropped policyholders claiming customers and their homes were subject to risks not covered by their policy.

Attorney's are fighting and winning cases against builders and manufacturers, but the issue is under investigation by the Consumer Product Safety Commission where more than 3,000 related complaints have been filed.

Says CR, the drywall case "Highlights an industry trend. Insurers are placing more risk on policyholders by changing policy language, charging more, or interpreting coverage to the detriment of homeowners."

The number of drywall victims are limited, but larger issues loom for a greater number of home owners who may have to adjust their approach to homeowners insurance coverage.

• Coastal states' premiums increase most. Insurance premiums for renters and home owners rose an average 3.2 percent, in 2009, but much more in recent years in coastal states -- 11.4 percent in Louisiana and 10.6 percent in Massachusetts, both from 2006 to 2007.

Residents in coastal states should shop around and consider trading in the "loyal customer" discount (for using one insurance carrier for home, auto, life and other insurance needs) for a better premium from a highly rated insurer. Consumer Report said among subscribers who switched to a new carrier in the four years prior to 2008, more than half paid less for coverage.

• Many homeowners now have two deductibles, one for the main policy and another for a high-risk peril, say a windstorm or a hurricane. Florida, for example, requires a hurricane deductible of 2 percent for homes valued at $100,000 or more. Policyholders can choose a larger deductible of up to 10 percent of the insured value.

CR suggests self-insuring for smaller claims by setting aside savings, as an emergency fund. Also set a higher percentage deductible or switch to a flat-dollar deductible, when possible. The idea is to self-insure for smaller claims, because insurers drop policy holders who file frequent claims in a short period.

• Lower home prices. Depressed property values turn thoughts to less coverage, but insurance coverage isn't based on your home's market value. It's also based on the cost to rebuild -- labor and materials. Ask your insurance agent if you have sufficient coverage. Before home prices fell, many home owners had insufficient coverage.

• Credit scores. While some states are fighting the trend, credit scores are more and more a factor in underwriting. Your credit score is a numerical rendition of your credit risk, your risk of experiencing financial trouble. That's become central to how an insurer determines your premium, says CR.

Pull your credit reports for free at the only federal government-sanctioned source -- AnnualCreditReport.com, pay your bills on time, don't carry too much debt and learn how to keep your score as high as possible.

• Coverage for modern-day concerns. Many major carriers sell identity-theft coverage as a stand-alone policy or endorsement to your homeowner’s policy. The coverage might reimburse you for lost wages, notary fees, and legal fees if your identity is stolen.

Instead of the coverage, monitor your credit reports, regularly change passwords and otherwise take additional cost-free ID-theft precautions, CR advises.

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© 2010 DeadlineNews.Com

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You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

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Wednesday, January 20, 2010

House Haitians in steel cargo shipping containers

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Haitian quake quake generates
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Those 20- to 40-foot corrugated steel containers, a much stronger and more permanent alternative to weaker manufactured homes, are built to withstand stacking and shipping through hell and, well, high water. They are impervious to hurricanes and robust enough to remain standing in all but the worst earthquakes.
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by Broderick Perkins
© 2009 DeadlineNews.Com

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Deadline Newsroom - The surplus of steel cargo shipping containers is an immediate answer to Haiti's sudden housing shortage.

Turning the containers into housing will also put residents of the island nation to work.

The island country, like other Caribbean nations, imports more than it exports and that leaves a surplus of empty containers languishing on their docks.

So when retired Georgia Tech building construction and industrial design professor Richard Martin recently saw photos of the containers unscathed and toppled and floating in the sea after Haiti's Jan. 12 quake, he renewed thoughts about their potential use.

"We can do something quickly. We can go down there and help rebuild the country and get the involvement of the Haitians. I won't do anything without Haitian workers working with me," says Martin, who operates Atlanta, GA-based Global Container Partnerships.

Bill Clinton, George Bush call Martin at 1.770.952.1604.

Read the full story: Cargo Containers Could Help House Haitians

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© 2009 DeadlineNews.Com



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Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.

You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.

Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

Perkins is also the first Examiner to cover three beats for the Examiner.com news service:
National Offbeat News Examiner
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Tuesday, March 31, 2009

Quake shake wake up call in Silicon Valley

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The northern California quake followed a swarm of southern California quakes, including a magnitude 4.0 shaker days earlier near Bombay Beach, CA. The fault movements prompted earthquake preparation pundits to sound the alarm.

by Broderick Perkins
© 2008 DeadlineNews.Com
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Deadline Newsroom - The magnitude 4.3 earthquake that hit the foothills along the fringes of Silicon Valley, March 30, came with the discovery of a new fault and renewed calls for earthquake preparedness.

The trembler hit at 10:40 a.m., about 16 miles east of downtown San Jose, but caused no major damage, according to the U.S. Geological Survey (USGS).

The quake was attributed to a previously unknown fault running parallel and east of the Calaveras Fault, which is part of the greater, master fault system, the San Andreas Fault.

The northern California quake followed a swarm of southern California quakes, including a magnitude 4.0 shaker days earlier near Bombay Beach, CA.

The fault movements prompted earthquake preparation pundits to sound the alarm.

USGS and other scientists conclude that there is a 62 percent probability of at least one magnitude 6.7 or greater quake, capable of causing widespread damage, striking the San Francisco Bay region before 2032.

"With the current swarm of earthquakes hitting the Southland, it's important to know how unprepared California is for a major earthquake. With 88 percent of California homeowners not covered by (earthquake) insurance, who's going to pay the tab when the big one hits?," asked Pete Moraga, a spokesman for the Insurance Information Network of California (IINC).

Earthquake preparation requires attention to three areas: structures, contents and finances.

A host of resources can help you examine your preparation needs for all three areas.

• Structure: The Association of Bay Area Governments and California's Seismic Safety Commissionoffer seismic safety tips to make your home safe inside and out.

Also see: "Putting Down Roots In Earthquake Country"

"The Big One: Are You Ready?" likewise, provides a host of both preparedness assistance and damage mitigation information.

• Contents: "Quake Alert: Secure Household Items" explains how to lock-down everything from curios in showcase to home theaters in the family room.

• Insurance: IINC and theCalifornia Earthquake Authority can help you determine if you need earth quake insurance coverage and help you determine how much it will cost.

IINC's "Test Your EQ IQ: Are You Prepared For The Big One?" will tell you how much you know -- and don't know -- about earthquake preparedness.

For kids who want to help their family prepare, IINC offers an"Earthquake Preparedness Activity Book".

© 2008 DeadlineNews.Com

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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop. Perkins is also a National Real Estate Examiner. All the news that really hits home from three locations -- that's location, location, location!



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Monday, November 5, 2007

Renters Without Insurance Risk Future Homeownership

by Broderick Perkins
© 2007 DeadlineNews.Com

Deadline Newsroom – Refugees from home ownership now forced to rent could be setting themselves up for another financial disaster if they avoid renter's insurance to pinch pennies in order to quickly save up and return to home ownership.

All renters should have an insurance policy to cover their possessions because, should a disaster hit home, the cost to replace those items will put home ownership that much further out of reach.

But that's not all.

If you are held responsible for an injury to someone in your home or someone's property in your home, without the liability coverage provision of a renter's policy, your current and future earnings could be at risk. You'll also have to foot the bill for any legal defense you could need.

A renter's policy can also put a temporary roof over your head while damage to your rental home is corrected. Policies come with some limits but typically cover the difference between your additional living expenses and your normal living expenses.

Unfortunately, most renters, 58 percent, don't bother to buy renters insurance, according to an Apartments.com survey.

Most of them, more than 70 percent, know better and believe the insurance is important to piece of mind when renting, but say cost is a big reason they forego the coverage.

Apartments.com said 40 percent of those responding to the survey said cost is the reason they decide not to buy the coverage. However, an additional 24 percent of respondents said they were unaware that renters insurance exists.

The Insurance Information Institute reminds renters that because the property owner's policy covers the structure and common area and renters insurance covers only the value of the renter's belongings, renters insurance premiums are relatively cheap.

Shop around.

Apartment.com also found that an additional 18 percent of renters said the value of their personal belongings wasn't enough to warrant coverage.

That's an oversight because renters insurance doesn't just replace property but provides protection from liability claims, loss of use and in some cases, involuntary unemployment insurance in the event of a job loss.

Apartments.com says some management companies and property owners mandate the coverage because of the value provided those covered. Twenty percent of renters said they are required to have a renters policy to live in their current home.

Also, 36 percent of those responding to the survey said they'd be more inclined to rent an apartment with an insurance requirement.

There's a certain value to a community that can retain residents even after events that trigger insurance benefits.

Renters insurance typically provides coverage for possessions lost to fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage (not including floods). Liability covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and it pays legal defense costs if you are taken to court.

Renters can choose between two basic types of policies:

• Actual Cash Value pays to replace possessions minus a deduction for depreciation up to the limit of your policy.

• Replacement Cost pays the actual cost of replacing your possessions (no deduction for depreciation) up to the limit of your policy.

Floaters are also available to boost limited standard policy coverage, especially for items such as jewelry, silver, furs, collectibles, and some computer equipment and work-at-home related items. Floaters also cover perils not included in your policy such as accidental loss, according to the insurance institute.

Renters Get A Breather
Rents Inflated By Owner-Occupied Slowdown

© 2007 DeadlineNews.Com

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.



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Thursday, November 1, 2007

Quake Alert: Secure Household Items

by Broderick Perkins
© 2007 DeadlineNews.Com

Deadline Newsroom – Even moderate quakes can turn household items into deadly missiles. Here's how to reduce the chance your stuff will turn against you in a quake.

A recent earthquake hurled hundreds of thousands of library research books to the floor, underscoring the importance of securing household items to prevent them from becoming dangerous missiles during a big trembler.

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Little damage and few injuries resulted from the 2007 Halloween Eve, magnitude 5.6 quake in Northern California, but seismic shockwaves from the epicenter nine miles to the east of San Jose, CA tossed 300,000 research books and publications to the floor in the city's main Martin Luther King Jr. Public Library.

No one was injured by the books which ended up virtually carpeting the top three floors of the eight-story, four-year old library. The library was constructed with the latest seismic building codes, which otherwise allowed the building to flex, move and survive unscathed, as designed.

While seismic building codes and retrofits can help secure the structure of a building in all but the greatest of earthquakes, a structure's contents need additional attention.

In the 6.7 Northridge, CA, earthquake in 1994, 55 percent of quake-related injuries were due, not to collapsing buildings, but because of falling and breaking objects -- televisions, pictures, mirrors and heavy light fixtures.

The United States Geological Survey's "Putting Down Roots In Earthquake Country" says there's a 62 percent probability that a quake, magnitude 6.7 or greater, will hit the San Francisco Bay Area by 2032.

Another study, "When the Big One Strikes Again" says from 40,000 to 62,000 casualties could result from such a trembler and more than half of those could be caused by seismic energy turning household goods into missiles.

The Association of Bay Area Governments' "Ways to Reduce Damage to and Injury from the Contents of Your Home" explains how to lessen the chance household objects will turn on you during a quake.

• Identify and secure large objects that could fall in a quake. Secure both top corners of tall, top-heavy desks, bookcases and entertainment centers to a wall stud -- not the drywall. Using flexible fasteners will allow the furniture to move independently, without tipping over. The flexibility also reduces strain on the studs. Move heavy objects away from sleeping and sitting areas and clear exit paths of clutter. Fasten down home electronics with flexible nylon straps and buckles.

• Place only soft art above beds and sofas. Glass used for framed and other art can shatter. Consider using clear plastic or acrylic instead of glass for all hanging art. Even then, use closed hook hangers to hang objects and help prevent them from bouncing off the wall.

• Use removable museum wax or earthquake putty or gel to secure knickknacks, gewgaws, collectibles, lamps, pottery and other objects stored on open shelves and counter tops. Store heavier objects on lower shelves or inside display cases with quake or child-proof latches.

• Likewise, secure kitchen cabinets holding glassware and china, especially overhead cabinets, to prevent items from falling out and breaking during a quake.

• In the garage or storage area, move flammables and hazardous materials to low, secure areas. Make sure items stored above or beside vehicles in the garage cannot fall and damage or block vehicles and escape routes.

• Secure water and gas lines. Learn when and how to shut off water and gas lines. Have a plumber inspect pipelines and replace rusted and worn pipes. A plumber can also swap out rigid gas connections to water heaters, stoves, dryers and other gas appliances with more flexible connectors. Also consider installing excess-flow gas-shutoff valves to stop gas flows when a line springs a potentially deadly leak.

• Secure heavy appliances. Quake country law mandates that water heaters must be anchored to wall studs with metal straps and lag screws. Kits are readily available at hardware stores and home improvement centers. Likewise, secure refrigerators, free standing ranges, microwave ovens and other large, major appliances to walls using earthquake appliance straps.



5.6 Quake Considered 'Moderate'

Largest Bay Area Quake Since Loma Prieta, 1989

A moderate, but long-rumbling earthquake, magnitude, 5.6 earthquake occurred at 8:04 p.m. (PDT) on Tuesday, Halloween Eve, October 30, 2007, 5 miles to the northeast of Alum Rock, CA, an area about 10 miles from San Jose, CA's city center.

Dozens of aftershocks followed in the 1 to 2 magnitude range. The exception was a magnitude 3.7 aftershake, Halloween Day, October 31, 2007, at 3:54 p.m. with a nearly identical epicenter.

Watch the swarm of aftershocks on the US Geological Society's Quake Watch Web page.

Some isolated damage and minor injuries were reported from the initial shaker and both cell phone lines and land line phone service was temporarily interrupted over scattered areas.

(Damage Photos)

The shaker on the Calaveras Fault lasted about 30 seconds and was the most powerful tremblor to hit the San Francisco Bay Area since Loma Prieta, Oct. 17, 1989 quake rumbled through at a magnitude 6.9.

Residents are advised to inspect plumbing lines, especially older plumbling, for hairline cracks or damage. Check both water and gas lines, connections to the water heater and other appliances.

Also, use the quake as a wake up call to get prepared for the Big One. Residents should have an emergency survival kit with enough food, water and other gear to last for three days.

DeadlineNews.Com Special Report: The Big One -- Are You Ready?
'Supercrack' Shakes Up SF Bay Area
California 'Big One' Sooner Than Expected
Helping Your Home Survive A Great Quake
Preparing For A Quake With Four Times Katrina's Destruction
Great Quake Looms, Many Households Unprepared

© 2007 DeadlineNews.Com

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.



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Tuesday, October 30, 2007

SoCal Wildfire Victims Get Tax Relief

by Broderick Perkins
© 2007 DeadlineNews.Com

Deadline Newsroom – Southern California's wildfire victims now have some tax relief in the form of extensions on their federal tax return filing and payment deadlines and waivers of certain penalties and fees.

Similar relief is available from California's tax collectors for residents in the presidentially declared disaster areas of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties.

Wildfires raging in the SoCal area for more than a week, killed 14, destroyed nearly 2,000 homes, scorched more than 500,000 acres and led to five arson arrests. By Oct. 30, 16 fires were contained and seven active fires remained, down from more than a dozen at the peak of the conflagration.

Wildfire victims earlier received notice of federal housing, rebuilding, mortgage and foreclosure relief, among other assistance.

The extended federal tax deadline applies to items due on or after Oct. 21, 2007 when wildfires began and gives eligible residents until January 31, 2008 to file returns, pay taxes due and perform other time-sensitive acts.

This includes the federal withholding tax return, Form 941, normally due Oct. 31, and the estimated tax payment for the fourth quarter (say for those with a home-based or other business), normally due Jan. 15.

Affected taxpayers in a presidentially declared disaster area also have the option of claiming disaster-related casualty losses on their federal income tax return for either this year (filed next year) or last year, by filing an amended return.
IRS Publication 547, "Casualties, Disasters and Thefts" explains how to figure a casualty loss deduction.

Affected taxpayers claiming the disaster loss on last year's return only should put the Disaster Designation "California Wildfires" in bold red ink at the top of the form so that the IRS can expedite the processing of the refund.

Including the designation isn't necessary for tax returns filed at the normal time, say next year for this year's taxes and losses, because the IRS computer systems automatically identify taxpayers located in official disaster areas and apply automatic filing and payment relief.

If any affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply during the period from Oct. 21, 2007, to Jan. 31, 2008. Penalties or interest is not waived for taxpayers who don't have a filing, payment or deposit due date, including an extended filing or payment due date, during this period.

California's Franchise Tax Board, charged with administering state personal income tax and other levies, also offers the option of filing an amended return for casualty losses or including the loss in this year's tax return. The state form providing more information is "FTB Pub. 1034: Disaster Loss."

California's Board Of Equalization (BOE) , charged with administering the state's property, sales and use taxes, among others, is providing an extended deadline of one month on tax filing and payment deadlines and relief from some penalties and interest due to late filing by eligible taxpayers. Additional information is available on the board's "Disaster Relief - Frequently Asked Questions (FAQ)" Web page.

Free copies of past tax returns are also available from the IRS and state tax offices.

California Fire Victims Obtain Fast Housing, Disaster Assistance
Legacy of Living In A Hot Spot
Homeowner Insurance Policies Hold Surprises
What Your Homeowners Insurance Does, Doesn't Cover

© 2007 DeadlineNews.Com

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.



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