New York City Injury Lawyer David Resnick Says New Evaluation Indicates Distracted Driving Poses Security Threat at Intersections


New York, NY (PRWEB) June 27, 2013

Every day, folks get behind the wheel although immersed in lifes distractions, including their cell phones. Many of these drivers cause accidents, particularly at intersections, simply because they are not paying proper attention to driving, New York City vehicle accident lawyer David Resnick said these days, citing a new report on distractions and red-light violations.

&#13

Although distracted driving is in the news a lot these days, that doesnt mean individuals are heeding the warnings, mentioned Resnick, the founder of David Resnick &amp Associates, P.C., a firm that concentrates on assisting automobile accident victims in New York City. We keep finding out far more and more about the consequences of drivers who take their eyes off the road, their minds off driving and their hands off the steering wheel.

&#13

Resnick cited a new information analysis released June 6 by the National Coalition for Safer Roads and FocusDriven, which found that 12 percent of red-light infractions involved distracted driving in a sample of violations at 118 red-light camera intersections in 19 communities over three months. Based on these figures, the groups estimate that distracted driving was a aspect in nearly 7.four million red-light violations across the United States in 2012.

&#13

These data confirm that distracted driving is a leading factor in red-light operating, which is a clear danger to drivers and pedestrians on busy New York City streets, Resnick mentioned. Hopefully data like this will highlight how unsafe distracted driving is and support deter folks from engaging in the practice.

&#13

In releasing their findings, the National Coalition for Safer Roads and FocusDriven launched a multimedia campaign effort, Stop Distraction on Red, to raise awareness of the correlation amongst distracted driving and intersection security. With numerous families hitting the road for summer getaway, the two groups stated that its a good time to remind drivers to place the phones away when behind the wheel. Cell phone use is a aspect in 21 percent of crashes, according to the National Security Council, and drivers who speak on a handheld or hands-free of charge cell telephone are four times more most likely to be involved in a vehicle accident.

&#13

At David Resnick &amp Associates, we support all efforts to raise awareness of the dangers of distracted driving, Resnick said. Campaigns like those from the National Coalition for Safer Roads and FocusDriven will hopefully assist convince individuals to drive cost-free of as several distractions as feasible. That will save lives and avoid injuries.

&#13

The groups data analysis also shows a close connection among distracted driving and red-light operating, which is the major result in of urban crashes, according to the Insurance coverage Institute for Highway Security. In 2009, the National Highway Traffic Safety Administration estimates that a lot more than eight,700 targeted traffic deaths resulted from intersection-associated targeted traffic collisions, and red-light runners injure 165,000 individuals annually.

&#13

Obviously, New York City is an urban setting with a big number of intersections and visitors lights, Resnick said. These figures show distracted driving tends to make our intersections even much more unsafe. This ought to be of wonderful concern to New York Citys motorists and pedestrians.

&#13

Resnick reminded victims of distracted driving accidents that they must get legal tips from an skilled New York personal injury lawyer such as these at David Resnick &amp Associates.

&#13

Our skilled and compassionate legal team understands the significant influence automobile accidents have on victims and their households, he mentioned. We can help those harmed by a distracted driver get the compensation they deserve.

&#13

About David Resnick &amp Associates, P.C.

&#13

David Resnick &amp Associates, P.C., supplies professional and compassionate legal help to victims of injury and negligence. Founded in 1998, the firm is experienced at handling a lot of sorts of injury and negligence cases in New York City, including motor automobile accidents, hit-and-run accidents, bicycle accidents, pedestrian injuries, trips and falls, building accidents, premises liability and other kinds of personal injury and wrongful death claims. David Resnick &amp Associates serves consumers in Manhattan, Queens, Brooklyn, Staten Island, the Bronx and all of New York City. The firms workplace is located 450 7th Avenue, Suite 409, New York, NY 10123. Mr. Resnick can be reached at (212) 279-2000 or via his internet sites online contact type.

&#13
&#13
&#13
&#13
&#13

Strategic Asset Solutions Indicates Rising Willingness Of Lenders To Accept Principal Reductions Of Industrial Real Estate Loans

Woodland Hills, CA (PRWEB) August 11, 2010

Commercial actual estate lenders normally are motivated to safe a non-recourse loan by adding a powerful guarantor, stated Kevin Levine, Executive Vice President of Strategic Asset Services (SAS) of Woodland Hills, California a business that specializes in industrial workouts and quick sales. In a workout situation they could even be prepared to minimize the principal balance, in exchange for a complete-recourse guarantee by a financially solid guarantor. However lenders in no way will lessen the principal obligation without acquiring some thing of significant value in return.

&#13

Levine explained that SAS recently was capable to negotiate a reduction of a industrial actual estate loan with a principal balance of $ four.7 million to $ three million. The lender performed its own valuation analysis, and agreed with our conclusion that the property securing the loan was not worth much more than $ three million and really possibly considerably much less, Levine said. The creating had been unoccupied for some time, and the borrower had provided notice to the lender that it would not continue to make the big month-to-month mortgage payments out of his personal funds, plus pay the house taxes, insurance coverage and ongoing upkeep expenses on the property. So the lender was faced with foreclosing on an empty building and holding it for an indefinite period of time, or accepting a new principal balance of $ three million but with a complete-recourse assure assuring ultimate recovery of that amount.

&#13

Each lender has its personal internal policies and procedures, and organization culture, Levine explained. Some lenders have policies in spot that definitely prohibit getting into into a principal reduction with the existing borrowers. In these circumstances, we often can negotiate a short sale or note buy to a third celebration. In other circumstances, the lender has no formal policy prohibiting a principal reduction but the organization culture is resistant to such a outcome, and we have to present a compelling case as to why this is the best course for the lender to comply with in order to maximize its recovery in an already poor scenario. Typically there are multiple levels of authority to be convinced: loan officers, asset managers, problem loan committees, and board of directors.

&#13

SAS (http://www.strategicworkouts.com) gives commercial loan modification and short sale services in California and all through the country. The organization is dealing with multi residential, retail, offices, industrial, land and its specialists bring extensive industrial real estate knowledge to each and every assignment, like marketplace evaluation, valuation, legal, and negotiation knowledge. Each borrowers special lending circumstance is totally analyzed, and the borrower is assisted in preparing existing operating reports and projections. Primarily based on the detailed analysis, SAS submits to the lender a loan modification proposal. That proposal may possibly consist of a principal reduction, interest rate reduction, and waiver of penalty charges. In those situations where a loan modification will not function to the mutual advantage of the borrower and lender, SAS will try to broker a short sale of the commercial real estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-celebration.

&#13

SAS is a member of the Peak Corporate Network (http://www.peakcorp.net) headquartered in Woodland Hills, California. In addition to industrial loan modifications, PCN provides mortgage lending, loan servicing, residential brief sale, 1031 exchange, trustee perform, foreclosure solutions, Escrow and actual estate sale brokerage solutions. These solutions are accessible mostly throughout the Western United States for both residential and industrial real estate properties and loans.

&#13

###

&#13
&#13
&#13
&#13
&#13

Leading Mortgage Analyst Forecast Indicates that 11 Million Properties will be Lost to Default

Miami, FL (PRWEB) October 7, 2010

According to Amherst Securities Group LP, a single of the most respected and major mortgage analyst, an alarming 11 million homes will be lost to default if items continue to move the way they are moving now.

&#13

In an interview with Javier Zelaya, CEO of Corporate Asset Management, LLC (WWW.CAMREO.COM) a privately owned company, he pointed to the reality that one thing wants to be done in order to alleviate the issues caused by this mortgage crisis. He believes that this forecast by Amherst undoubtedly serves as a cry for support issued towards the government and any other entity with the energy to repair or try to boost the housing market place scenario.

&#13

The forecast, which was released in October 1 says that the death spiral of reduce residence prices, a lot more borrowers underwater, greater transition prices (to default), far more distressed sales and lower home costs should be arrested.

&#13

The report also explains that even though there have been recent speak about improvement in mortgage performance, this improvement just reflects big scale modification activity obtaining served to artificially reduced the delinquency rate, the report stated.

&#13

The graph on the appropriate was provided by Amherst Mortgage Insight, and it serves to show the point just pointed out. You can observe an improve in mortgage balances of delinquencies, and also its artificial reduction.

&#13

As far as the fate for defaulting properties, Javier Zelaya explains that the numbers provided by the report are not promising at all, particularly for severe adverse equity properties.

&#13

According to the report, nineteen % of properties with a loan-to-worth of 120% or greater are defaulting every single year.

&#13

The table displayed on the correct was put with each other by HousingStory.net making use of the data offered by Amherst Securities group. It gives the breakdown for House defaults forecasted to add up to an alarming 11 million properties to be lost to default.

&#13

Amherst report also says that possible solutions to this imminent issue could include mandatory principal reductions, looser underwriting of new mortgage loans, leveraged capital pools for investors, and penalties for defaulting homeowners. According to Amherst, a family members who defaults can live rent-free of charge for 20 months on typical. Therefore, Amherst proposes that missed mortgage payments, which includes property taxes and insurance coverage, be counted as W2 earnings.

&#13

Javier Zelaya agrees with Amherst statement that there are also other factors that want to be taken into consideration when studying the marketplace situation. There have been current signs of distress in the market place which incorporate two current record-low readings of existing house sales and the elevated measures for underwriting standards at Fannie and Freddie. Back in 2006, negative-credit borrowers represented about 20% of borrowers, today only 2% of Freddie purchases are poor-credit borrowers.

&#13

To repair this difficulty, one particular of the a lot more desperate measures recommended by the authors of Amherst report is to generate a new mortgage for these home owners who are now behind in their payments. This (default) can be fixed by re-qualifying borrowers who are in a residence they cant afford into a single they can afford, the report explains.

&#13

Though a lot of attempts can and have been made to alleviate the mortgage crisis, If government policy does not change, over 11.5 million borrowers will be in danger of losing their home, the report mentioned.

&#13

About Corporate Asset Management, LLC:

&#13

Corporate Asset Management, LLC is an REO service Management Company that gives true estate lenders and investors a full solution to REO Management and Disposition nationwide. It specializes in the liquidation of single- and multi-family members residences, land, and commercial properties. With their technology and verified management expertise they are in a position to decrease losses in reduce recovery time. Its clients consist of commercial banks, savings and loans, investment bankers, pension funds, mortgage firms, as nicely as customer finance companies and investors looking for a much better way to facilitate the foreclosure procedure.

&#13

By Elizabeth Martinez

&#13

Corporate Asset Management, LLC&#13

Executive Tower&#13

11400 West Olympic Boulevard, Suite 200&#13

Los Angeles, CA 90064&#13

Tel. (213) 596-7682

&#13

Mortgage Lending News, LLC&#13

http://www.mortgagelendingnews.com&#13

11601 Biscayne Blvd. Suite 201&#13

Miami, FL 33181&#13

Tel. (305) 280-7400

&#13

###

&#13
&#13
&#13
&#13
&#13

Locate Far more Loan Modification Services Press Releases