Property Damage & Disaster Restoration Blog: Long Island & New York City

Water Damage, Floods & Heavy Rains Pummel NY!

Posted on Thu, Jun 18, 2009 @ 03:50 PM

The National Weather Service has issued a FLASH FLOOD WATCH for portions of New York and New Jersey from until 8 p.m. on Thursday.

A FLASH FLOOD WATCH means that conditions may develop that lead to flash flooding. Flash flooding is a very dangerous situation. One to two inches of rainfall is expected. Locally higher amounts are possible especially in areas affected by thunderstorms.

TRACK WATCHES AND WARNINGS
There is also an urban flood advisory for Nassau and Suffolk counties until 4:45 p.m.
Recent heavy rainfall has left soil conditions around the New York City metropolitan area and northern New Jersey saturated.

Forecasters are predicting one to two inches into early Thursday evening, with higher amounts from thunderstorms. Streams could rise, particularly along the Raritan and Passaic river basins. Check your basements for water damage...

Water Source Categories

Category 1: Often referred to as “clean” waterA “clean” water source is one that does not pose substantial harm to humans. Examples of clean water sources may include, but are not limited to: broken water supply lines, tub or sink overflows with no contaminants, appliance malfunctions involving water supply lines, melting ice or falling rainwater – not that which flows over the soil or through multiple structural components- broken toilet tanks, and even toilet bowls that do not contain contaminants or additives. Once a clean water source contacts other surfaces and materials, its condition may change as it dissolves or mixes with soils and other contaminants, and as time elapses.

Category 2: Often referred to as “gray” water Unsanitary or “gray” water contains some degree of contamination. Potentially, it could cause substantial discomfort or sickness if consumed by humans, and it carries microorganisms or nutrients for microorganisms. Category 2 (gray) water examples may include, but are not limited to: discharge from dishwashers or washing machines, overflows from washing machines, overflows of toilet bowls with some urine (no feces), broken aquariums, and punctured water beds. All of these may contain chemicals or biocontaminants (fungal, bacterial, viral, algae), or other forms of contamination. Time and temperature aggravate Category 2 (gray) water contamination significantly. Water in flooded structures that remains untreated longer than 48 hours can change from Category 2 (gray) to Category 3 (black).

Category 3: Often referred to as “black” waterCategory 3 “black” water always contains pathogenic agents. Grossly unsanitary, “black” water sources are those that arise from sewage or other contaminated water entering a structure. Sewage contains the expected urine and feces; but it could also contain dangerous chemicals or medical wastes. Toilet backflows that originate from beyond the toilet trap are considered to be Category 3 (black) water situations, regardless of visible content or color. This category includes all forms of sea water, ground surface water, and rising water from, rivers or streams. They carry silt and organic matter into structures and create Category 3 ”black” water situations. In situations where structural materials and / or contents have been heavily contaminated with such materials as pesticides, heavy metals, or toxic organic substances; the water damage is considered to be Category 3 (black) water.

If you have flooding or water damage from the storms hitting the NY Metro area, contact a reputable property damage restoration company. Advanced Restoration Corporation is a preferred vendor for insurance companies and is available 24/7 to respond to any disaster situation. Call them today at (800) 693-6263, or visit them on the web at www.AdvancedRestoration.com.

Tags: disaster, restoration companies, water damage, groundwater, advanced restoration corporation, long island water damage, water extraction, emergency service, flood damage, flood, moisture, water leaks

Purchasing a Foreclosure Needing Repairs?

Posted on Wed, Jun 17, 2009 @ 03:31 PM

You see the perfect home in a Long Island neighborhood, and the house is a foreclosure. The exterior of the home is nice, but the inside has water damage, structural damage and mold. You want to buy this house and the selling price is excellent...What are your options as a homebuyer? Will you be able to "close" on a home that is in disrepair?

Of course you can...

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage.

Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The FHA 203(k) mortgage program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property.

To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. To minimize the risk to the mortgage lender, the mortgage loan (the maximum allowable amount) is eligible for endorsement by HUD as soon as the mortgage proceeds are disbursed and a rehabilitation escrow account is established.

The types of improvements that borrowers may make using Section 203(k) financing include:

  • Structural alterations and reconstruction
  • Modernization and improvements to the home's function
  • Elimination of health and safety hazards
  • Changes that improve appearance and eliminate obsolescence
  • Reconditioning or replacing plumbing; installing a well and/or septic system
  • Adding or replacing roofing, gutters, and downspouts
  • Adding or replacing floors and/or floor treatments
  • Major landscape work and site improvements
  • Enhancing accessibility for a disabled person
  • Making energy conservation improvements

The 203(k) Program is somewhat complicated and you must deal with an FHA approved lender, however, the program will allow you to obtain a mortgage and incorporate the necessary repairs into one mortgage payment. In addition, when selecting a general contractor to perform the rehab, you need to ensure the company is familiar with the 203k process and appropriate forms required. Streamlined 203k loans are also available for rehab/ home repairs under $35,000.

Advanced Restoration Corporation is located in New York and is a general contractor/ restoration company that specializes in the rehabilitation of homes in disrepair. We partner with various mortgage companies and have experience with contractor requirements associated with a 203 (k) loan.

For more information on partnering with an experienced 203(k) company ready to rebuild your dream house, contact Gary Matzelle at (516) 903-4107. Our service area includes: Nassau County, Suffolk County, Queens, Manhattan, Staten Island, Brooklyn and The Bronx.

Tags: disaster, foreclosure, 203(k) loan, fire restoration, restoration companies, water damage, structural drying, toxic mold, advanced restoration, homeowner tips, disrepair, flood damage, home repair

HP Recalls Notebook Computer Batteries Due to Fire Hazard

Posted on Tue, May 26, 2009 @ 04:03 PM

Check Your Computer!
Office of Information and Public Affairs
Washington, DC 20207

FOR IMMEDIATE RELEASE
May 14, 2009
Release # 09-221

Firm’s Recall Hotline: (800) 889-2031CPSC Recall Hotline: (800) 638-2772CPSC Media Contact: (301) 504-7908

HP Recalls Notebook Computer Batteries Due to Fire Hazard

WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed.

Name of Product: Lithium-Ion batteries used in Hewlett-Packard and Compaq notebook computers

Units: About 70,000

Importer: Hewlett-Packard Co., of Palo Alto, Calif.

Hazard: The recalled lithium-ion batteries can overheat, posing a fire and burn hazard to consumers.

Incidents/Injuries: The firm and CPSC are aware of two reports of batteries that overheated and ruptured, resulting in flames/fire that caused minor property damage. No injuries have been reported.

Description: The recalled lithium-ion rechargeable batteries are used with various HP and Compaq notebook computers.

Models that can contain a recalled battery include:

HP Pavilion:
dv2000
dv2500
dv2700
dv6000
dv6500
dv6700
dv9000
dv9500
dv9700

 

Compaq Presario:
A900
C700
F700
V3000
V3500
V3700
V6000
V6500
V6700

HP
G6000
G7000

HP Compaq
6720s

The notebook model is located at the top of the service label on the bottom of the notebook. Batteries that can be subject to the recall will have one of the following bar code labels (^ in the code can be any letter or number):

62940^^AXV^^^^
65033^^B7U^^^^65033^^B7V^^^^65033^^BGU^^^^
65035^^B7U^^^^65035^^B7V^^^^65035^^BGU^^^^65035^^BGV^^^^
67059^^V8U^^^^67059^^V8V^^^^

Sold at:
Computer and electronics stores nationwide, hp.com and hpshopping.com from August 2007 through March 2008 for between $500 and $3000. The battery packs were also sold separately for between $100 and $160.

Manufactured in: China

Remedy:
Consumers should immediately remove the recalled battery from their notebook computer and contact HP to determine if their battery is included in the recall and to request a free replacement battery. After removing the recalled battery from their notebook computer, consumers may use the AC adapter to power the computer until a replacement battery arrives. Consumers should only use batteries obtained from HP or an authorized reseller.

Consumer Contact: For additional information, visit the HP Battery Replacement Program Web site at http://www.hp.com/support/BatteryReplacement or call (800) 889-2031 between 7 a.m. and 7 p.m. CT Monday through Friday.

Media Contact: Sheila Watson at (281) 514-6552 or sheila.watson@hp.com


Advanced Restoration Corporation is a family-owned and operated full-service property damage restoration company with a combined 75 years experience in dealing with Fire Damage Restoration, Water Damage Restoration, Flood & Storm Damage, Mold Remediation, Smoke Damage Restoration and Reconstruction. We service Long Island (Nassau County, NY; Suffolk County, NY) and the New York Metro area.

When disasters strike, Advanced Restoration is ready to respond 24 hours a day, 7 days a week. You are guaranteed to speak with one of our knowledgeable, caring team members, day or night. Our immediate response to a claim/property loss helps minimize the damages to the structure, contents, and ease the sometime catastrophic effect that a disaster may have on an owner or occupants.

Tags: disaster, fire restoration, ny water damage company, restoration companies, burn hazard, fire recall, fire prevention, advanced restoration, restoration, homeowner tips, fire protection, cpsc recall

What is a Certified Restorer?

Posted on Thu, May 07, 2009 @ 05:24 PM

Fire Damage, Smoke Damage, Water Damage, Mold Remediation...
There are numerous Restoration companies throughout Long Island and the New York Metro area, but only a handful hold the title of Certified Restorer (CR). Disaster recovery is essential to any property structure, and Certified Restorers have the experience and ability to ensure all aspects of property damage are handled with the utmost professionalism. Advanced Restoration Corporation is one of the primary companies on Long Island with the CR designation.

Certified Restorer

The Certified Restorer program is a week-long master's course in damage repair offered to experienced contractors and restorers. The program's objective is to raise committed restorers to a higher level of professional ability.

The course addresses both buildings and personal property and is based on the structure and nature of materials, with the effects of various perils. A section on restoration theory addresses the mechanisms by which residue odors are removed. Toxic contamination, allergic response, water damage, contracts and insurance are also covered. The Certified Restorer course is widely recognized as the pre-eminent training program in damage repair.

Experience

All candidates to the Certified Restorer (CR) Program must be actively involved in restoration work at the time of application and have 3 or more years of active experience in disaster damage restoration as a technician, supervisor or estimator. The company or employer must be a member in good standing of RIA International.

Education

CR candidates must have attended one NIDR or WLI seminar or an RIA convention in the 12 months preceding the CR school.

Candidates must complete the Certified Restorer School and successfully pass the written examination with a score of 80% or better.

Ethics Quiz

Candidates must complete an Ethics Quiz administered by the course instructor or a designated member of the CR Committee. A thorough understanding of the NIDR Code of Ethics and the Certified Restorer Code of Conduct is required.

Formal Report

On completion of the class, candidates must prepare a formal report or a thesis on an approved research topic.

Maintaining Certified Restorer Status

Certified Restorers must participate in a recertification program and maintain current membership in RIA International in order to retain their CR status. All CR continuing education is based on a three-year continuous cycle. Cycles for newly inducted CRs begin on the January 1 following the date of induction. All CRs are required to participate, and all required points must be earned within the time frame.

For more information on the Restoration Industry Association's advanced designations: CR, WLS, CRS, CMH, CMP and CFS, please contact the RIA Education Department at 443-878-1000.


Advanced Restoration Corporation is a family-owned and operated full-service property damage restoration company with a combined 75 years experience in dealing with Fire Damage Restoration, Water Damage Restoration, Flood & Storm Damage, Mold Remediation, Smoke Damage Restoration and Reconstruction. We service Long Island (Nassau County, NY; Suffolk County, NY) and the New York Metro area.
Advanced Restoration is also an expert in partnering with mortgage companies and families buying homes on Long Island. We are experienced in dealing with FHA approved 203 (k) loans associated with foreclosures, as well as streamlined 203(k) loans. For more information on having Advanced Restoration become your 203(k) contractor, please contact Gary Matzelle at (516) 903-4107.

Tags: disaster, foreclosure, 203(k) loan, property damage, fire restoration, restoration companies, water damage, advanced restoration, emergency service, disrepair, flood damage, home repair, water leaks

Fire Extinguisher Recall Alert

Posted on Tue, Mar 17, 2009 @ 09:05 PM

The US Consumer Product Safety Commission recently released information related to Kidde Fire Extinguishers. It is imperative to review this recall information and check the fire extinguishers in your home or business.

Source: CPSC

FOR IMMEDIATE RELEASE

March 12, 2009 Release # 09-151
Firm’s Recall Hotline: (888) 345-4407CPSC Recall Hotline: (800) 638-2772CPSC Media Contact: (301) 504-7908

Kidde Recalls to Replace Fire Extinguishers Due to Failure to Operate

WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed.

Name of product: Kidde XL Fire Extinguishers
Units: About 167,000
Distributor: Walter Kidde Portable Equipment Inc., of Mebane, N.C.
Hazard: The pressurized cylinders in the recalled fire extinguishers could lose pressure and fail to operate. In the event of a fire, this failure could put a consumer and property at risk.
Incidents/Injuries: None reported.

Description: This recall involves the Kidde XL Fire Extinguishers with model numbers FX340SC, FX340H, FX340GW, XL5MR, FX210R, FX340SC-2, FX210W, XL2.5TCZ-4, E-340-3 and with manufacture dates between October 2007 and April 2008. “Kidde” and the model number can be found on the label on the front of the extinguisher. The manufacture year is on the bottom of the extinguisher. If your extinguisher is one of the listed model numbers and is marked with the year 07 or 08, contact Kidde to determine if you have a recalled extinguisher.

Sold at: Department, home, and hardware stores nationwide from October 2007 through April 2008 for about $35.
Manufactured in: Mexico
Remedy: Consumers should immediately inspect the pressure gauge. If it points to the red zone, contact Kidde to receive a free replacement extinguisher. If the gauge is not in the red zone, but you have questions about an extinguisher within the listed model numbers, please contact Kidde for additional information.

Consumer Contact: For additional information, contact Kidde at (888) 345-4407 between 8 a.m. and 5 p.m. ET Monday through Friday or visit the firm’s Web site at
www.Kidde.com


Advanced Restoration Corporation is a family-owned and operated full-service property damage restoration company with a combined 75 years experience in dealing with Fire Damage Restoration, Water Damage Restoration, Flood & Storm Damage, Mold Remediation, Smoke Damage Restoration and Reconstruction. We service Long Island (Nassau County, NY; Suffolk County, NY) and the New York Metro area.

When disasters strike, Advanced Restoration is ready to respond 24 hours a day, 7 days a week. You are guaranteed to speak with one of our knowledgeable, caring team members, day or night. Our immediate response to a claim/property loss helps minimize the damages to the structure, contents, and ease the sometime catastrophic effect that a disaster may have on an owner or occupants. Our company is dedicated to serving our clients with courteous and prompt service. We take the utmost pride in the craftsmanship of our work.

As certified specialists in water mitigation and fire/smoke restoration, we have the knowledge, expertise and experience to deal with all types of property damage. Our professional staff is also trained in all aspects of mold remediation and damage appraisals. Service area: Nassau County, Suffolk County and the NY Boroughs. Advanced Restoration is now a member of DKI.

Tags: disaster, property damage, fire restoration, restoration companies, water damage restoration, nassau county restoration, burn hazard, fire recall, fire prevention, advanced restoration, advanced restoration corporation, reconstruction, suffolk county restoration, emergency service, homeowner tips, restoration company, fire protection, cpsc recall

Fire and Carbon Monoxide Alert

Posted on Fri, Jan 30, 2009 @ 05:49 PM

The Consumer Product Safety Commission Released Information Related to Fires and Carbon Monoxide Hazards With Home Heating...

Source: CPSC


NEWS from CPSC
U.S. Consumer Product Safety Commission
Office of Information and Public Affairs
Washington, DC 20207

FOR IMMEDIATE RELEASEJanuary 28, 2009 Release #09-109
CPSC Recall Hotline: (800) 638-2772CPSC Media Contact: (301) 504-7908
CPSC Warns of Deadly Fire and Carbon Monoxide Hazards with Winter Home Heating

WASHINGTON, D.C. - According to the U.S. Fire Administration (USFA), there have been more than 150 residential fires that resulted in more than 200 deaths since Thanksgiving. These statistics have led the USFA and fire chiefs to declare the holiday season and start of the new year as one of the deadliest in recent memory.

As families look for ways to save money in these tough economic times, the concern over additional fire deaths and carbon monoxide poisonings from alternative heating sources is heightened. The U. S. Consumer Product Safety Commission (CPSC) is urging consumers to keep safety in mind when it comes to heating their homes this winter.

Home heating equipment is among the top causes of fires and CO poisonings. From 2003 through 2005, there was an annual average of 57,300 fires and 270 fire deaths associated with portable heaters, central heating systems, and fireplaces and chimneys. There were also 68 deaths, on average, from carbon monoxide poisoning each year associated with these products.

CPSC urges consumers to:
Schedule a professional inspection each year of all fuel-burning home heating systems, including furnaces, boilers, fireplaces, wood stoves, water heaters, chimneys, flues and vents.

Take precautions when using space heaters, fireplaces or other heating sources to help stay warm this winter.

Install smoke alarms and carbon monoxide (CO) alarms in the home and check that the batteries are fresh and working.

2009 is just weeks old, yet there have already been dozens of deaths from fires in the home.

Reports of residential fire deaths in January include:
Eight people died including a mother, her boyfriend and her four sons age 6 months to 10 years old, in their Richland, New York home. There were no smoke alarms in the home.

A woman was killed in her Detroit home by a fire believed to have been caused by a space heater that was too close to a chair.

Three people, including 13- and 15-year-old sisters and their older male relative, died in their Oklahoma home. Space heaters and an electric stove were being used for heat.

CPSC urges consumers to follow these home heating safety tips:

Space heaters:
Place space heaters on a level, hard and nonflammable surface (such as a ceramic tile floor), not on rugs or carpets or near bedding or drapes. Keep the heater at least three feet from bedding, drapes, furniture and other flammable materials. Keep children and pets away from space heaters.
To prevent the risk of fire, NEVER leave a space heater on when you go to sleep or place a space heater close to any sleeping person. Turn the heater off if you leave the area.

Never use gasoline in a kerosene space heater. Even small amounts of gasoline mixed with kerosene can increase the risk of a fire.

Use a space heater that has been tested to the latest safety standards and certified by a nationally-recognized testing laboratory. These heaters will have the most up-to-date safety features; older space heaters may not meet the newer safety standards. An unvented gas space heater that meets current safety standards will shut off if oxygen levels fall too low.

Do not use portable propane space heaters indoors or in any confined space unless they are specifically designed for indoor use. Always follow the manufacturer’s directions for proper use.

Fireplaces:
Have flues and chimneys inspected for leakage and blockage by creosote or debris.
Open the fireplace damper before lighting a fire and keep it open until the ashes are cool.

An open damper may help prevent build-up of poisonous gases inside the home.

Store fireplace ashes in a fire resistant container and cover it with a lid. Keep the container outdoors and away from combustibles.

Stoves and Ovens:
Never use electric or gas stoves to heat the home. They are not intended for that purpose and can cause fires and CO poisoning.

Stay Warm and Be Safe!

Advanced Restoration Corporation is a property damage/disaster restoration company that specializes in Fire and Smoke Restoration in the New York Metro/Long Island area. Call us at (800) 693-6263, or visit us on the web at www.AdvancedRestoration.com. We are committed to Making Disaster Temporary and Restoration Permanent.

Tags: disaster, smoke detectors, property damage, fire restoration, restoration companies, water damage restoration, nassau county restoration, advanced restoration, advanced restoration corporation, suffolk county restoration, emergency service, homeowner tips, restoration company, fire protection, cpsc recall, smoke restoration

Advanced Restoration Corporation: Fire, Smoke, Water, Mold

Posted on Sat, Jan 17, 2009 @ 11:26 AM

Have You Encountered Property Damage to Your Home or Business?

We Are Prepared to Help...

Advanced Restoration Corporation is a family-owned and operated full-service property damage restoration company with a combined 75 years experience in dealing with Fire Damage Restoration, Water Damage Restoration, Flood & Storm Damage, Mold Remediation, Smoke Damage Restoration and Reconstruction. We service Long Island (Nassau County, NY; Suffolk County, NY) and the New York Metro area.

When disasters strike, Advanced Restoration is ready to respond 24 hours a day, 7 days a week. You are guaranteed to speak with one of our knowledgeable, caring team members, day or night. Our immediate response to a claim/property loss helps minimize the damages to the structure, contents, and ease the sometime catastrophic effect that a disaster may have on an owner or occupants. Our company is dedicated to serving our clients with courteous and prompt service. We take the utmost pride in the craftsmanship of our work. As certified specialists in water mitigation and fire/smoke restoration, we have the knowledge, expertise and experience to deal with all types of property damage. Our professional staff is also trained in all aspects of mold remediation and damage appraisals.

Customer Excellence:

Our staff is committed to providing outstanding service and exceeding customer expectations for every completed project. Our fully trained and experienced Project Managers, Technicians and state-of-the-art processes ensure we are ready to restore peace of mind to our customers. We provide immediate response to mitigate your property damage and take the necessary steps to ensure a successful restoration project.

See Completed Projects

Our Clients:

Homeowners
Business Owners
Insurance Professionals
Real Estate Professionals
Property Management Professionals

Tags: disaster, fire restoration, restoration companies, water damage restoration, advanced restoration, mold remediation, water extraction, disrepair, flood damage, smoke restoration

Puffbacks and Your Heating System

Posted on Tue, Jan 06, 2009 @ 01:17 PM



Ensure Your Heating System is Working Properly!

Winter is here and so is the cold weather, which means your heating system will be working around the clock. Now is the season when you may experience a puffback related to your heating system.

What is a puffback?
Most of us have never heard of a puffback. A puffback occurs when an oil burner backfires, sending soot throughout your home or business. It can happen all at once, or more slowly and gradually.

Soot covers all areas of the home or business & may range from light to very heavy. Sometimes the disbursement of soot is so light & fine it appears to be ordinary dust. This "dust" however, can re-appear hours after being cleaned, there is often a strong odor of oil accompanying a puffback.

How can a puffback be prevented?
The best defense against a puffback is to have your oil burner inspected annually & kept in good repair. This is no guarantee against having a puffback, but it greatly reduces your risk.Keep debris, animal hair or anything that could interfere with proper functioning away from your oil burner.

What to do if a puffback occurs?
Notify your insurance agent or company immediately. Have a qualified disaster restoration specialist begin cleaning all affected areas immediately. Soot travels & will re-appear if not completely removed.

If you live in the NY Metro area and experience a puffback in your home or business, please call Advanced Restoration. Our experts will promptly respond to your situation! Our experienced staff is available 24/7 and can be reached at (800) 693-6263, or visit our website at http://www.advancedrrestoration.com/.

Tags: disaster, fire restoration, ny water damage company, puffbacks, restoration companies, water damage, water damage restoration, flooding, mold, burn hazard, puff-back, advanced restoration, advanced restoration corporation, mold remediation, suffolk county restoration, water extraction, emergency service, flood damage, flood, fire protection, contents cleaning, smoke restoration, heating

Home Restoration Repairs: 203(k) Program/Rehabilitation Mortgage

Posted on Tue, Dec 30, 2008 @ 09:14 AM

It's no secret that many homes across the country, including New York, have been placed into foreclosure because of the economy. As a result, some homes become neglected over time and develop situations that subsquently require a restoration company to perform repair work. Initiating necessary foreclosure repairs for a property can be accomplished by a potential homeowner applying for a mortgage related to the 203(k) Program.

The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs like a 203(k) mortgage. These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and have the buyer's credit approved. These lenders fund the mortgage loans which the Department insures. HUD does not make direct loans to help people buy homes.

The Section 203(k) program is the Department's primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods.

The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. To minimize the risk to the mortgage lender, the mortgage loan (the maximum allowable amount) is eligible for endorsement by HUD as soon as the mortgage proceeds are disbursed and a rehabilitation escrow account is established. At this point the lender has a fully-insured mortgage loan.

Advanced Restoration Corporation is a full service property damage restoration company that has the abiltiy to execute all necessary repairs to a property that qualifies for a 203(k) loan.

For more information on the 203(k) program, contact Continental Home Loans:

Wendy Doerzbacher-Mortgage Planner
Continental Home Loans
175 Pinelawn Rd.-Ste 400
Melville, NY 11747

(800) 540-8838 Ext. 4140
(516) 982-6339 Cell
Email: wendyd@cccmtg.com

This information is designed to be of general interest and should not be considered legal advice. The specific information discussed may not apply to you. Before acting on any matter contained herein, you should consult with your personal legal adviser.

Tags: foreclosure, 203(k) loan, property damage, fire restoration, floods, ny water damage company, puffbacks, restoration companies, water damage restoration, mold, black mold, puff-back, mortgage, advanced restoration, advanced restoration corporation, long island water damage, mold remediation, reconstruction, restoration, suffolk county restoration, water extraction, disrepair, home repair, frozen pipes

Burn Hazard Recall Alert:

Posted on Tue, Dec 23, 2008 @ 11:26 AM

On December 18th, the U.S. Consumer Product Safety Commission sent out a Recall Alert related to Chef's Mark Cookware sets.

Recall Alert
U.S. Consumer Product Safety Commission
Office of Information and Public Affairs
Washington, DC 20207

December 18, 2008Alert #09-714
Article Source: U.S Consumer Product Safety Commission

Fingerhut Recalls Chef’s Mark Cookware Sets Due to Burn Hazard
The following product safety recall was voluntarily conducted by the firm in cooperation with the CPSC. Consumers should stop using the product immediately unless otherwise instructed.

Name of Product: Chef’s Mark® 15 piece cookware sets
Units: About 9,000
Importer: Fingerhut Direct Marketing, of Eden Prairie, Minn.

Hazard: The handles on the cookware can break, posing a burn hazard to consumers.
Incidents/Injuries: Fingerhut has received six reports of handles breaking including three reports of minor burn injuries to consumers.

Description: This recall involves Chef’s Mark® 15 piece cookware sets with model number 515 and Fingerhut product code H6637. The model number and product code are printed on the cookware’s packaging. The non-stick cookware has red, green, black, blue or purple exteriors, black handles, glass lids and came with spoons, spatulas and ladles.
Sold exclusively by: Fingerhut catalogs and Fingerhut.com from January 2008 through October 2008 for about $80.
Manufactured in: China

Remedy: Consumers should stop using the cookware immediately and contact Fingerhut to receive a free repair kit. Fingerhut is directly contacting purchasers.
Consumer Contact: For additional information, contact Fingerhut toll-free at (866) 931-5417 between 8 a.m. and 5 p.m. CT Monday through Friday, or visit the firm’s Web site at www.fingerhut.com
---
The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of serious injury or death from thousands of types of consumer products under the agency's jurisdiction. The CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical, or mechanical hazard. The CPSC's work to ensure the safety of consumer products - such as toys, cribs, power tools, cigarette lighters, and household chemicals - contributed significantly to the decline in the rate of deaths and injuries associated with consumer products over the past 30 years.
To report a dangerous product or a product-related injury, call CPSC's hotline at (800) 638-2772 or CPSC's teletypewriter at (800) 638-8270, or visit CPSC's web site at
www.cpsc.gov/talk.html. To join a CPSC email subscription list, please go to https://www.cpsc.gov/cpsclist.aspx. Consumers can obtain this release and recall information at CPSC's Web site at www.cpsc.gov.

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