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Monday, October 11 2010

Holiday World & Splashin' Safari President Dan Koch says the parks have topped one-million in attendance for the fifth year in a row. The attraction in Santa Claus has wrapped up its 64th season by setting an attendance record with nearly 1.2 million guests. Holiday World has also announced former President Will Koch has been inducted into the World Waterpark Association Hall of Fame.

SANTA CLAUS, IND-----Holiday World finished its 64th season today by setting a new seasonal attendance record, up nearly 14 percent from the previous record, set last year.

“This is the fifth year in a row we’ve topped one million in attendance,” says park president Dan Koch. “We’re very grateful to all the families who came to visit our parks.”

With a final count of 1,182,636 guests, Koch credits the season’s growth with the addition of Wildebeest, the world’s longest water coaster, plus the parks’ budget-friendly free soft drinks, along with a continued concentration on cleanliness and friendliness.

“So much of the credit for our growth goes to the incredible service and hospitality provided by our Hosts and Hostesses,” Koch says. “As far as we’re concerned, it takes more than great rides and shows to make a park worth visiting. We are very appreciative of our hard-working staff.”

Koch became president of the park in June, following the unexpected death of his brother Will, who had guided the park’s successful growth and development for more than two decades. Over the weekend, the World Waterpark Association (WWA) inducted Will Koch into its Waterpark Hall of Fame. According to the WWA, their Waterpark Hall of Fame “honors the water leisure industry's most important pioneers and innovators.”

“This is a great honor for a great man,” says Dan Koch. “I am thankful for my brother’s life.”

Holiday World, the world’s first theme park, will open its 65th season on May 7, 2011. Splashin' Safari will open for the season on May 13, with the debut of Safari Sam’s SplashLand, a children’s water-play area with eight new water slides. For more information visit www.holidayworld.com or call 1-877-GO-FAMILY

Source: Holiday World & Splashin' Safari & Inside INdiana Business

http://www.insideindianabusiness.com/newsitem.asp?ID=44083

Posted by: Rolando Trentini AT 01:07 pm   |  Permalink   |  Email
Monday, October 04 2010

Should you stick with the old or go with the (relatively) new?

 

By Nigel F. Maynard

Wood is one of the most loved flooring material in the home building and buying universe. Prized for its exceptional good looks and warmth, wood is highly versatile and sustainable. In the past 10 years, however, there has been a great disturbance in the force, and now wood has an able and extremely popular challenger: bamboo.

Though bamboo has had a limited history in the U.S. construction market, it has been widely used in East Asia and the South Pacific. One of the oldest building materials known to man, it has been used to build fences, houses, and furniture, and has even been known to hold up suspension bridges.

Read more here: Product Pros and Cons: Hardwood Flooring vs. Bamboo

Posted by: Rolando Trentini AT 02:32 pm   |  Permalink   |  Email
Monday, October 04 2010

Pending home sales have increased for the second consecutive month, according to the National Association of REALTORS®.

The Pending Home Sales Index rose 4.3%, but is 20.1% below August 2009. The data reflect contracts and not closings. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

NAR chief economist Lawrence Yun said the latest data is consistent with a gradual improvement in home sales in upcoming months. “Attractive affordability conditions from very low mortgage interest rates appear to be bringing buyers back to the market,” he said. “However, the pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence.”

Although Yun expects a continuing steady rise in home sales from favorable affordability conditions and some job creation, he cautioned any sudden rise in mortgage rates could slow the recovery. “Current low consumer price inflation has helped keep mortgage interest rates very attractive this year. However, recent rising trends in producer prices at the intermediate and early stages of production, along with very high commodity prices, are raising concerns about future inflation and future mortgage interest rates,” he said. “Higher inflation would mean higher mortgage interest rates. In the meantime, housing affordability is hovering near record highs.”

Regional pending home sales

The PHSI in the Northeast declined 2.9% in August and remains 28.8% below August 2009. In the Midwest the index rose 2.1%, but is 26.5% below a year ago. Pending home sales in the South increased 6.7%, but are 13.1% below August 2009.  In the West, the index rose 6.4%, but remains 19.6% below a year ago.

Source: NAR



Read more: http://www.houselogic.com/news/articles/pending-home-sales-show-another-gain/#ixzz11PKEp9me
Posted by: Rolando Trentini AT 11:15 am   |  Permalink   |  Email
Friday, October 01 2010

Using U.S. Census data, the nonprofit Tax Foundation has uncovered where the highest property taxes in the country are paid relative to the median value of the homes. Some of the locales may surprise you.

New Jersey came in first — no surprise there — but New Hampshire, which has no state income tax and prides itself on that, had the next-highest real estate taxes as a percentage of home values.

Louisiana had the lowest median taxes compared to property values, another ho-hum finding. But the second-lowest taxes compared to values are in pricey Hawaii.

The national median for real estate taxes is 1.04 percent of a property’s value. Here’s the list of the top 10 states with the highest median real estate taxes as a percentage of median home value as well as the ranking of states with the lowest:

States with the highest taxes:

1. New Jersey (1.89 percent of property value)
2. New Hampshire (1.86 percent)
3. Texas (1.81 percent)
4. (tie) Wisconsin (1.76 percent)
4. (tie) Nebraska (1.76 percent)
6. Illinois (1.73 percent)
7. Connecticut (1.63 percent)
8. Michigan (1.62 percent)
9. Vermont (1.59 percent)
10. North Dakota (1.42 percent)

States with the lowest taxes:

1. Louisiana (0.18 percent)
2. Hawaii (0.26 percent)
3. Alabama (0.33 percent)
4. Delaware (0.43 percent)
5. West Virginia (0.49 percent)
6. South Carolina (0.50 percent)
7. (tie) Arkansas (0.52 percent)
7. (tie) Mississippi (0.52 percent)
9. New Mexico (0.55 percent)
10. Wyoming (0.58 percent)

Source: 2009 U.S. Census Data and Tax Foundation calculations

http://www.realtor.org/rmodaily.nsf/pages/News2010100101?OpenDocument

Posted by: Rolando Trentini AT 01:50 pm   |  Permalink   |  Email
Thursday, September 30 2010

Adding a wood stove is an energy-efficient, money-saving way to bring a cozy feeling to your house, if you’re willing to spend time stoking the fire

Although wood stoves might conjure up images of a smoke-belching potbelly in a backwoods cabin, today’s models are up to 80% efficient, meet U.S. Environmental Protection Agency emission guidelines, and reduce heating bills by nearly half when energy prices are high.

 

The best use of an energy-efficient wood stove is to supplement an existing heat source, such as electricity or gas. This method, called zoned heating, ensures all your rooms are toasty. Wood stoves aren’t good at heating entire houses with many small rooms and long hallways.

Feelin’ the heat

  • Wood stoves can heat 400 sq. ft. to 3,000 sq. ft, depending on the layout of your house and the size of the stove.
  • Prefabricated chimney pipes let you install them practically anywhere—even in front of an existing hearth.
  • Optional fans circulate air around the firebox and into your room, spreading warmth and eliminating cold spots.

What do they cost?

  • A good wood stove from a reputable company averages about $3,000 to $4,200, including the stovepipe and installation.
  • Small wood stoves may cost as little as $1,000; elaborate, stainless steel models can stretch the price to $10,000 or more.
  • You may recoup some costs when you sell your home. In his market, appraiser Gordon Lucks in Asheville, N.C., says you’ll get back $2,000 on a $3,000 unit.

Cost of wood fuel

If you intend to use of an energy-efficient wood stove as a supplemental heating source, expect to burn two to five cords of wood each heating season. However, heat output varies widely according to the type of firewood you’ll burn.

You can expect to pay between $150 and $350 for a cord of hardwood delivered and stacked. To save money, pick up your own loads directly from the wood lot.

Your money won’t go up in smoke

Using an energy-efficient wood stove for heating can save a bundle, potentially 10% to 40% of annual heating costs of with an electric, fuel oil, or gas furnace. With average annual heating costs of $638, according to Energy Star, your yearly savings could range from $64 to $255.

Tax credits for wood stoves

If you’re buying a wood stove, you’re in luck—until the end of calendar year 2010. There are federal tax credits of up to $1,500 available for wood stoves (referred to at Energy Star as biomass stoves). However, those credits go away after December 31, 2010.

Douglas Trattner has written extensively about home improvement topics for HGTV.com, DIYNetworks, and the Cleveland Plain Dealer. During the 10-year stewardship of his 1925 Colonial, he estimates that he burned through 15 cords of wood. Most, he promises, was properly seasoned hardwood.



Read more: http://www.houselogic.com/articles/wood-stoves-burn-wood-not-money/#ixzz112Fv6UdR

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Posted by: Rolando Trentini AT 12:33 pm   |  Permalink   |  Email
Wednesday, September 29 2010
A real estate purchase is one of the best investments you can make — so be certain to protect your land ownership against possible title problems that can hinder the transfer and marketability of your real property. These problems are defects and occur before the date of the policy and remain undisclosed until sometime later. Even the most thorough search of the public records cannot reveal some the "hidden" hazards.
A one-time premium will safeguard your property from actual loss and defense costs (unless specifically excluded), up to the policy amount, resulting from any risk covered by your policy. A mortgage policy protects only your lender against tide defects. Purchasing an owner's policy of tide insurance will protect your interests.   Title insurance covers tide defects such as:
1.             Forged deeds, mortgages, releases of mortgages and other instruments.
2.             False impersonation of the true owner of the land or of his consort.
3.             Instruments executed under fabricated or expired power of attorney (death).
4.             Deeds apparently valid but actually delivered after death of grantor or grantee, or without
consent of the grantor.
5.             Deeds by persons of unsound mind.
6.             Deeds by minors.
7.             Deeds not properly delivered.
8.             Deeds that appear to convey title but are really mortgages.
9.             Outstanding prescriptive rights not of record and not disclosed by survey.
10.      Descriptions apparently, but not actually, adequate.
11.      Duress in execution of instruments.

12.       Defective acknowledgment due to lack of authority of notary.   (Acknowledgement taken
before commission or after expiration of commission)
13.       Deed or property recited to be separate property of grantor, which is in fact, community or
joint property.
14.       Deed from bigamous couple. (Prior existing marriage in another jurisdiction)
15.       Undisclosed divorce of spouse who conveys as sole heir of deceased consort.
16.       Undisclosed heirs.
17.       Misinterpretation of wills, deeds and other instruments.
18.       Birth or adoption of children after date of will.
19.       Children living at date of will but not mentioned therein.
20.       Discovery of will of apparent intestate.
21.       Discovery of later will after probate of first will.
22.       Administration of estate and probate of wills of persons absent but not deceased.
23.       Conveyance by heir, devisee or survivor of a joint estate who murdered the decedent.
24.       Deed from trustee of purported business trust, which is in fact, a partnership or joint stock
association.
25.       Deed of executor under non-intervention will when order of solvency has been fraudulently
procured or entered.
26.       Deeds to or from corporations before incorporation or after surrender, or forfeiture, of
charter.
27.       Claims of creditors against property conveyed by heirs/devisees within prescribed period
after owner's death.
28.       Mistakes in recording legal documents.      For example, incorrect indexing, errors in
transcribing and failure to preserve original instrument.
29.       Record easement, but erroneous ancient location of pipe or sewer line, which does not
follow route of granted easements.
30.       Special assessments where they become liens upon passage of resolution and before
recordation or commencement of improvements for which assessed.

31.        Want of jurisdiction of person in judicial proceedings.
32.        Failure to include necessary parties in judicial proceedings.
33.        Federal estate and gift tax liens.
34.        State inheritance and gift tax liens.
35.        Errors in tax records. For example, listing payment against wrong property.
36.        Ineffective waiver of tax liens by tax or other governing authorities repudiated later by
successors.
37.        Corporation franchise taxes as lien on all corporate assets, notice of which does not have to
be recorded in the local recording office.
38.        Erroneous reports furnished by tax officials, but not binding on municipality.
39.        Tax homestead exemptions set aside as fraudulently claims.
40.        Lack of capacity of foreign personal representatives and trustees to act.
41.        Deeds from nonexistent entities.
42.        Interests arising by deeds to fictitious characters to conceal illegal activities on the premises.
43.        Deed in lieu of foreclosure set aside as being given under duress.
44.        Ultra vires deed given under falsified corporate resolution.
45.   Conveyances and proceedings affecting right of servicemen protected by the Soldiers and
Sailors Civil Relief Act.
46.        Federal condemnation without filing of notice. Federal law does not require filing of notice
of taking in local recording office.
47.        Break in chain of title beyond period of examination or public records where running of
adverse possession statue has been suspended.   True owners are incompetent, absent or
incarcerated or the sovereign holds title.
48.        Deed from record owner of land where he has sold property to another purchaser on
unrecorded land contract and the purchaser has taken possession of premises.
49.        Void conveyances in violations of public policy:   payment on gambling debt, payment for
contract to commit crime or conveyance made in restraint of trade.
 
Posted by: Rolando Trentini AT 01:35 pm   |  Permalink   |  Email
Tuesday, September 28 2010
Indiana Rocks!!
The State of Indiana is positioned among the best in the country to do business. Once we are out of the recession, Indiana can see major increases of new business opportunities. Here is a list that sheds light on this situation:
 
·        Indiana created 56,000 private sector jobs this year. Almost 10% of all private sector jobs created nationwide. (5 times National Average)
·        42 States have raised taxes--Indiana has cut taxes (only State)
·        Indiana is ranked 2nd Nationally in Fiscal responsibility.
·        Because of our Fiscal soundness, Indiana is the friendliest state to grow a business.
·        Our State Pension debt is funded—Unlike other States
·        We are in a better place than we have ever been—Any Company thinking about expansion is looking at Indiana.
·        Indiana took advantage of the Stimulus Package better than any other State, because we had the money to start projects, prior to receiving Stimulus money.
 
 
 
Posted by: Rolando Trentini AT 03:20 pm   |  Permalink   |  Email
Monday, September 27 2010

Here are the products grabbing the attention of the home building and remodeling industries, according to Bill Millholland, executive vice president of sales and marketing at Case Design/Remodeling in Maryland, and Jamie Gibbs, a New York-based interior designer:

· Appliance Drawers. Small warning drawers, modest-sized dishwasher drawers for small loads, refrigerator drawers and microwave drawers.

· Counter-depth refrigerators. Some are only 24 inches deep.

· Motion-detecting faucets. Like you'd find in the restrooms of businesses.

· LED (light-emitting diode) lighting. These are used under cabinets and in ceiling fixtures as a longer-lasting, more efficient alternative to compact fluorescent lamps and incandescent bulbs.

· Electric heated floors. A nice touch in bathrooms,

· Showers with multiple heads and body sprays. Bathtubs are out.

Source: The Washington Post (09/25/2010)

http://www.realtor.org/RMODaily.nsf/pages/News2010092705?OpenDocument

Posted by: Rolando Trentini AT 03:32 pm   |  Permalink   |  Email
Saturday, September 25 2010

The National Association of REALTORS® is pleased to report that Congress has unanimously approved a one-year extension, until Sept. 30, 2011, for the National Flood Insurance Program (NFIP). A long-term extension has been a top legislative priority for NAR. Earlier in 2010 the NFIP lapsed, causing major disruptions for REALTORS®, and with the Sept. 30 deadline fast approaching, NAR redoubled its efforts to extend the program.

REALTOR® advocacy efforts helped make the long-term extension a reality. When Congress returned to Washington, D.C. in mid-September, NAR was waiting with its federal political coordinators who came to D.C. to meet with key senators and urge the long-term extension. Additionally, on Sept. 22 NAR was ably represented by Maryland REALTOR® Nick D’Ambrosia. He stressed to the Senate Committee on Banking NAR’s commitment to extend and strengthening the program beyond 2011 for the long-term. While the one-year extension brings a level of certainty to the NFIP, there needs to be comprehensive reform measures to place the NFIP on more sound financial footing for at least another five years.

Flood Insurance Timeline

Sept. 21, 2010 S. 3814 Approved by Unanimous Consent in the Senate

Sept. 23, 2010 S. 3814 Approved by Voice Vote in House of Representatives

The bill now heads to President Obama for his signature as soon as next week. With program authority now extended for a year, it is expected that attention will turn to proposals to reform and ensure the financial soundness of the NFIP. While the House passed its reform bill (H.R. 5114) earlier this year, it is unlikely that a comprehensive reform bill will move until the 112th Congress goes into session next year.

Source: NAR

www.realtor.org/RMODaily.nsf/pages/News2010092401?OpenDocument

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email
Friday, September 24 2010

Officials at Holiday World & Splashin' Safari in Santa Claus are reporting an increase in customers this year of approximately 13 percent. Public Relations Director Paula Werne says the jump can be mainly attributed to the debut of the park's new water coaster, Wildebeest. Holiday World has also announced plans for more than $5 million in improvements by next summer.

That includes $1 million in parking lot improvements and additional restrooms.

Werne says the decisions on what improvements should be made comes partly from customer feedback, along with the park's long-term planning process.

She also says the debut of a major new ride usually leads to a two-year bump in attendance, allowing the park to focus on important upkeep items such as parking lot improvements and more restrooms.

The park is also planning to restore the town's historic Santa statue in the next year. It was dedicated in 1935.


Source: Holiday World & Splashin Safari & Inside INdiana Business

http://www.insideindianabusiness.com/newsitem.asp?ID=43810

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email

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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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