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Hanoi- Seven construction workers were killed when a four-story building under renovation collapsed in southern Vietnam, official said Saturday. Police had detained the owner of the house for questioning about the accident in southern Long An province on Friday afternoon, according to Nguyen Manh Tuan, chairman of the local People' Committee. "He may be charged for violating the law on construction and causing severe consequences," Tuan said. The collapse appeared to have been caused by renovations to the private home to add two new floors to the home, which had previously had only two stories, Tuan said. Of the 23 workers on the project, 12 were outside the house at the time of the sudden collapse. Rescue workers found six bodies and pulled five people alive from the wreckage. One of the rescued workers died of injuries in hospital.
Wednesday, Oct. 18, 2006 | San Diego homebuyers have a lot of decisions to make. They have to sift through thousands of homes currently on the market to find the perfect fit at an attainable price. And then they face a slew of aggressive marketing techniques from homebuilders.Homebuilders responded to the sizzling home market of a few years ago by increasing production to meet sky-scraping demand for homes. Now that sales have slowed, the number of homes sitting unsold on the market has grown. Nearly 30,000 new and resale homes were on the market as of the beginning of October, according to a new report from MarketPointe Realty Advisors. And that doesn't count the number of housing units under construction -- more than 10,000. The number of homes for sale is up more than 50 percent from the third quarter 2005, and up 135 percent from the same period 2004.
October is Manufactured Housing Month in Mississippi, according to a recent press release from the Manufactured Housing Association in Flowood. The release went on to say that one out of every three Mississippi housing starts in the first six months of the year was a manufactured home. With so many manufactured homes sold in the state, there is no doubt the industry fills a need. But the volume of manufactured homes sold may help explain why so many people confuse them with modular construction. Emily Austill said she got a permit and financing for her modular home in Perkinston. But after the home was delivered and while finishing work was taking place, a neighbor protested her right to have the home, believing it to be manufactured. Austill said work has stopped on the home until the misunderstanding can be rectified.
Mississippi Gulf Coast residents can now save a few thousand dollars on quick-built houses under a tax break swiftly approved by lawmakers and Gov. Haley Barbour on Thursday. In a special session that lasted less than two hours, both the House and Senate agreed on legislation that trims sales tax on modular houses from 7 percent to 3 percent, hoping to boost reconstruction in south Mississippi. Barbour signed Senate Bill 2001 into law shortly after 4 p.m. when legislative staff rushed paperwork to his office. "Hallelujah!" said Mack Harper, an Ocean Springs resident who is helping his mother buy a modular home. "I was wondering if they ever would see eye to eye." His mother, Peggy, lost her Gulfport home in Hurricane Katrina's floodwaters last year. He expects to save $6,000 on the three-bedroom, two-bath house.
Amit Chokshi submits: Downey Financial Corp. (“DSL" or the “Company") is a savings and loans holding company for Downey Savings and Loan Association, a regional bank based in Downey, California with just under 100 full-service branches across parts of CA and AZ. As a regional savings and loan association, DSL's main business is loan origination, focusing primarily on residential real estate mortgages in California and mortgage-backed securities (“MBS"). While the Company focuses on first mortgage loan origination secured by residential properties, it also originates multi-family and commercial property loans, home equity loans (“HELS"), and home equity lines of credit (“HELOC"). DSL also provides construction loan financing for residential and commercial projects. A key component of DSL's investment portfolio has been its emphasis on the origination of adjustable rate mortgages (“ARMs") for single family homes loans, including sub-prime loans.
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