Thursday, January 10, 2019

In late December, Indonesian cargo ship MV Namse Bangdzod vanished in local waters. The tanker, gross tonnage around 1,150 and loaded with crude palm oil, had over ten crewmembers. Wikinews examined data and contacted experts and local authorities in an effort to establish further details.

The exact date of disappearance is unclear, with industry publications reporting either December 27 or December 28. Crew totals are also unclear, with both eleven and twelve reported by industry sources while The Jakarta Post reports a captain and eleven other crew. Wikinews has contacted the Command and Control Centre of the Coast Guard seeking to clarify, among other things, the date of the disappearance and is awaiting a response.

Wikinews is also awaiting responses from both the Coast Guard and the National Search and Rescue Agency detailing the efforts being made to find the ship, which was last known to be in the Java Sea. MV Namse Bangdzod sailed with cargo from Sampit, a port town on a river in Borneo; it was last bound for Jakarta. It is owned and operated by Indonesian companies and also registered in Indonesia. The 75 m (250 ft) ship was built in 1993 in Japan.

Ships broadcast their position and other information via both the Automatic Identification System (AIS) and the Long Range Identification and Tracking (LRIT) system. AIS is a ship-to-ship safety system, but can also be detected from further afield by satellites. Marine Traffic’s AIS tracking database shows a reestablishment of AIS contact by MV Namse Bangdzod on January 6, with a pattern described by Marine Bulletin as “rather hectic and kind of confused”. In addition to asking local authorities, Wikinews sought expert input on the AIS data.

Dr. Tristan Smith of University College London, a shipping researcher with expert experience interpreting AIS results, explained to Wikinews that crews might turn their AIS transponders off on purpose for security reasons, such as “in certain sea areas where piracy is a risk” in order to “avoid attracting unwanted attention. This can involve them being turned off for several days at a time.” Doug Miller of Milltech Marine, a firm specialising in AIS, told our correspondent an AIS transponder will broadcast automatically provided it has power and antennae, even if the crew abandoned the vessel.

Baslan Damang, a security official from the port of departure, on Tuesday told The Jakarta Post radio broadcasts were being used to alert other traffic such as fishing vessels to look out for MV Namse Bangdzod. He added authorities “are still waiting for updates on the tanker’s condition, so please refrain from speculating that it had been hijacked”. As of yesterday, no oil slicks or other evidence of accidents have been found along the scheduled route the vessel was due to take. A major search continues.

Miller and Smith both acknowledged faults with the AIS system on-board as possible explanations, with Miller describing issues with the signal between the transponder and the satellite receiving it as one potential scenario for intermittent data reception. He too suggested a hypothetical scenario, in which “the AIS equipment has been tampered with or has been turned off for some of the time — either intentionally or accidentally or due to a power malfunction.” Smith called the disappearance an “interesting” case; Miller said “It is a little hard to definitively say what’s going on”. Miller explained that while transponders generally transmit every ten seconds “even if the transponder is transmitting there is no guarantee that other vessels or MarineTraffic can see it”. “It could also be a power supply issue or faulty transponder”, said Smith.

Smith told Wikinews “There are also some operations done on ships containing hazardous cargoes[…] where all risks of sparking/arcs need to be removed and radio transmitting equipment is sometimes turned off for this reason.” He said this applied to product tankers, but the long duration of AIS downtime would in this instance be unusual if this is the reason. Smith had one more theory: Namse Bangdzod could be the victim of identity theft, with a second vessel conducting manoeuvres it wished to conceal while falsely transmitting information identifying itself as Namse Bangdzod. Smith told Wikinews this might happen in cases of illegal fishing. He stated “In this scenario, it would normally be expected that both the legal and illegal transmission would be received but depending on how Marine Traffic handle this, it’s possible the two signals could be confused.”

Smith drew attention to LRIT as another method for search and rescue personnel to find the tanker. Unlike AIS, which is a safety and tracking system, LRIT is used for maritime security by seagoing nations. Created under the auspices of the International Maritime Organization, LRIT allows states to examine data about ships bearing their flag, visiting their ports, or in or near their waters.

Like all vessels exceeding 300 tons, Namse Bangdzod is required to transmit LRIT data. Search and rescue bodies can also access this information; Smith told Wikinews he believed this would include foreign navies with ships in the Java Sea. Singapore, India, and Australia have in the past conducted emergency searches of the Java Sea: All three nations offered military assistance after Indonesia AirAsia Flight 8501 vanished in December 2014.

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Marine Traffic’s website’s most recently publicly available AIS result, as of Tuesday, showed the ship underway a few miles off Jakarta. VesselFinder listed no AIS results for the last month. Vessel Tracker’s database had no sighting of the ship within the last 59 days on Tuesday; the website noted the AIS signal received from Jakarta but declared the ship was not actually there. Maritime Connector has an entry for the ship in its database but has no location data available.

Local authorities, according to Maritime Bulletin, have noted other unusual AIS data. The website yesterday suggested piracy, perhaps to obtain the valuable cargo, is now the most prominent theory. The Indonesian Palm Oil Producers Association reports a value of US$473.60 per metric ton of crude palm oil as of November 2018, with the price decreasing that month. “Its plausible that an explanation [why] the AIS transponder is not transmitting is that it had been turned off by pirates who wanted to hamper the efforts of a rescue mission” Smith told Wikinews yesterday.

Yesterday the Search and Rescue Agency told The Jakarta Post it was intending to end its search on the basis of piracy, which is outside its remit; the paper also spoke to the Navy, who told it this was as-yet uncomfirmed and noted no ransom has been sought and the ship vanished from an area without previous piracy problems. Four Navy ships assisted by aircraft are searching. “We will continue searching until we find it,” 1st Fleet Command’s Navy Information Agency head Arba Agung told The Jakarta Post, which also today reported location data falsely showing the ship in Sunda Kelapa Port after its inaccurate position in Jakarta Bay was recorded.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_investigates_disappearance_of_Indonesian_cargo_ship_Namse_Bangdzod&oldid=4490724”
Posted in Uncategorized

Saturday, June 23, 2018

In order to prevent cheating in high school diploma exams, the Algerian government ordered a series of two-hour nation-wide internet blockades, starting on Wednesday, reports from tech giant Oracle and Agence France-Presse confirmed.

Per the blockage, neither the cellular nor the wired data connections are to provide internet access during the exam hours. Social networking website Facebook has been blocked for the entire period. More than 500 thousand students had to appear for re-examination in June 2016 after question papers were leaked on Facebook. During the re-examinations, there were partial bans on Facebook and Twitter, and during that month, multiple employees working at the education ministry and the exam printers were arrested on suspicion of leaking the exams.

CCTV cameras have been installed at the locations where the exam question papers are printed, and metal detectors have been installed in over 2000 exam centres. According to various reports, around 700 thousand students are due to take the exams, whose results are expected to be declared a month later from July 22. Electronic gadgets are banned from the exam centres.

National education minister Nouria Benghabrit said the decision for the nation-wide blockade was “not comfortable” for the ministry, but it “should not passively stand in front of such a possible leak.” According to internet service provider Algérie Télécom, the move was “aimed at ensuring the high school diploma tests run smoothly.”

Other countries including India and Iraq also have a record of using internet blackouts as preventative measures against cheating during exams.

Retrieved from “https://en.wikinews.org/w/index.php?title=Algeria_blocks_internet_across_nation_to_prevent_cheating_in_diploma_exams&oldid=4550378”
Posted in Uncategorized

Plastic Surgery in Arizona: An Integral Part of Modern Life

by

BettieComerford

One of the most valued aspects of human life is perhaps being physically attractive. While most people might not agree with this truth, surveys on the cosmetic surgery market say otherwise. Individuals undergo cosmetic surgery to enhance or correct their look in addition to boosting self-confidence. Contrary to popular belief, cosmetic surgery and reconstructive surgery are two different procedures in terms of purpose.

Reconstructive surgery focuses on the repair and reconstruction of an area of the body that got damaged as a result of an accident, injury, or disease. On the other hand, cosmetic surgery improves the physical look and also to improve physical confidence. Distinctive from other forms, cosmetic procedures are not limited to a part of the body. The procedure must also include solutions to customers desiring to have excess fat removed and bodily deformities fixed.

A successful operation often entails bone or fat extraction, fat or silicone breast implants, and invasive methods to get the desired results. In fact, nearly ten million Americans underwent invasive and bloodless cosmetic procedures in 2010. The prevalence rate of each surgical and non-surgical procedure went up by nine percent in the same year. This increase is among the most radical demand growth spurts in recent years.

[youtube]http://www.youtube.com/watch?v=nW-9f97JHIg[/youtube]

Many women in America give their thumbs up to cosmetic surgery because they see enhancing physical appearance as an important aspect of life. Surprisingly, nearly half of the male population has undergone at least one or two procedures, with most preferring to have

plastic surgery in Arizona

. Such a fact is no longer a surprise because many people admit that they have gone through the knife over the years.

The

Arizona cosmetic surgery

business is showing no signs of bogging down as innovations are currently in the works for more effective cosmetic surgery. Medical facilities work on improving existing procedures such as facial grafting. Face grafting involves transferring fats from other areas of the body to the cheeks and lips to make them plumper. It also softens the patient\’s face and trims down the facial deformities brought about by aging.

Lastly, one popular procedure in America is breast augmentation.

Arizona breast augmentation

plastic surgeons perform are more ideal in creating symmetry. No longer is cosmetic surgery frowned upon in these modern days. Many people value this process; not only because they want to be beautiful on the outside, they also want to live a more satisfied and pleasing lifestyle.

If you have questions, please visit us at www.BevHillsDoc.com for complete details and answers.

Article Source:

ArticleRich.com

Posted in Plastic Surgery

Wednesday, August 29, 2007

An English lawyer has pleaded guilty to perverting the course of justice. He faked a legal judgment and sent it to a father who was pleading in Taunton family court to be able to remain involved in his child’s upbringing. The lawyer, London barrister Bruce Hyman, now awaits his sentence. The judge indicated that he could receive a prison sentence. Bruce Hyman is well-known in media circles, having produced The Hitchhiker’s Guide to the Galaxy on BBC Radio. He also produced a series with Clive Anderson, at Above the Title Productions, called Unreliable Evidence.

The father, a former City financier, had attended a series of court hearings in order to make suitable arrangements to see his child following an acrimonious divorce. Shortly before one of these hearings he received an email, ostensibly from a self-help group to which he belonged, which had attached a Court of Appeal case that appeared favourable to an application he had made for the judge to stand down from the case. The father, who was representing himself, duly showed the case to the judge. At this point, Bruce Hyman, the lawyer representing the former wife, claimed to the judge that the case was a forgery, which indeed it turned out to be.

After confirming that the self-help group had not sent him the email, the father then embarked on some detective work his own. The fraudulent email was traced via its header to a dial-up internet connection and a phone number belonging to a shop in London. The shop was able to recover CCTV footage which showed a man sending the email from an Apple laptop. The man turned out to be Bruce Hyman.

Sentencing of Hyman is due in Bristol Crown Court on the 19th of September.

Retrieved from “https://en.wikinews.org/w/index.php?title=UK_PM%27s_speechwriter_awaits_sentence&oldid=1699556”
Posted in Uncategorized

Monday, January 12, 2015

Following the shootings at the offices of Charlie Hebdo, millions of people turned out yesterday for marches in Paris, in cities across France, and around the world. Reported estimates of between 1.5 and 2 million people rallied in Paris, and the French interior ministry estimated 3.7 million or more rallied across France.

44 world leaders attended the Paris march including French President François Hollande; German Chancellor Angela Merkel; British Prime Minister David Cameron; Spanish Prime Minister Mariano Rajoy; Italian Prime Minister Matteo Renzi; the President of Mali, Ibrahim Boubacar Keïta; Israeli Prime Minister Benjamin Netanyahu; Mahmoud Abbas, President of the Palestinian Authority; King Abdullah II and Queen Rania of Jordan; Turkish Prime Minister Ahmet Davutoglu; the Russian Foreign Minister, Sergey Lavrov; the Hungarian Prime Minister Viktor Orban; and the President of Gabon, Ali Bongo Ondimba.

US Ambassador to France Jane D. Hartley attended. White House Spokesman Josh Earnest responded to criticism for not sending a higher level representative on behalf of the United States: “It is fair to say we should have sent someone with a higher profile.” Earnest said the rally had been planned on Friday and President Obama attending the rally on such short notice presented “significant security challenges”. Secretary of State John Kerry said he already had a prior engagement in India.

Charlie Hebdo has previously published cartoons featuring the Islamic prophet Muhammed. These include original depictions and reprints of controversial cartoons originally by Danish newspaper Jyllands-Posten. Some of these cartoons were on display at the marches.

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Paris: flowers and tributes to the victims of the shooting. Image: Guerric Poncet.

Paris march: a protester holding up two colouring pencils, in solidarity with journalists and cartoonists killed in the attack. Image: Basili.

Paris march: protestors holding up two giant pencils. Image: Eric Walter.

Paris march: more protestors holding up giant pencils. Image: Eric Walter.

Paris march: marchers fill the street. Image: Eric Walter.

Paris march: more marchers filling the streets. Image: Yann Caradec.

Paris march. Image: Eric Walter.

Paris march: marchers moving up Boulevard Beaumarchais. Image: Poulpy.

Paris march: marchers fill the platform at the Miromesnil Métro station. Image: Basili.

Bordeaux rally. Image: LeJC.

Rally in Bourg-en-Bresse. Image: Benoît Prieur.

Rally in Chambéry. Image: Florian Pépellin.

Rally in Lyon. Image: Jitrixis.

Rally in Rennes. Image: Édouard Hue.

A sign at the march in Rennes showing a number of the Charlie Hebdo cartoons. Image: Édouard Hue.

Rally in Rennes. Image: Édouard Hue.

Rally in Rennes. Image: Pymouss.

Rally at the Place Royale in Reims. Image: G.Garitan.

French flag projected on to the side of the National Gallery in London as a sign of solidarity. Image: Simeon87.

Signs, pens, sketch pads and cartoons left as a memorial in Trafalgar Square in London. Image: Zefrog.

A pen held up as part of the rally in London’s Trafalgar Square. Image: Zefrog.

A man holding both a French and American flag at a rally in Daley Plaza in Chicago. Image: Stel Cape.

A small rally in Cologne. Image: Raimond Spekking.

Candle lights at a rally in Moscow. Image: Ilya Schurov.

Snow-covered flowers and tributes outside the office of the French Ambassador in Moscow. Image: Ilya Schurov.

At the rally in Moscow. Image: Ilya Schurov.

Rally in Stockholm. Image: Henrik M F.

Rally in Stockholm. Image: fcruse.

A pencil in the snow at the Stockholm rally. Image: fcruse.

Rally in Vienna. Image: Haeferl.

Rally in Berlin. Image: Tim.

Rally in Brussels. Image: Miguel Discart.

Retrieved from “https://en.wikinews.org/w/index.php?title=Millions_march_in_France_and_around_the_world_in_support_of_Charlie_Hebdo&oldid=4582495”
Posted in Uncategorized

We all know the power of social media campaigns and its effect in the existing market. As a recent e-marketing trend, these platforms are being widely used by all the business establishments that need to focus on building a customer centric approach that results direct communication with the main company. The need of Social Media Optimization Services has grown subsequently with the rising demands of the online campaigns and therefore it has become a priority for most of the firms that believe in this practice.

There are diverse social media communication channels that are effectively building sales. Most of these marketing tools are expressed in English but what will happen to the online community that follows their languages too? To expand your reach globally, the native speakers of any nation have to be well connected through these platforms. Experts reveal that 35% of the online community browses Internet in English whereas 75% of total prefers their mother tongue. A multilingual social media marketing campaigns is indeed a critical matter for many of us. If perfectly accomplished this method can develop your brand awareness and make you position better from your competitors. Here are few tips that will help to boost your Social Media Optimization Services.

Homework Is Must: A thorough research in digital marketing strategy is the key of all. The use of the online tools such as Google Global, Global Market Finder will certainly assist you to measure the potentialities of the particular product per region. These tools are well developed to find out the market analytics in a specific context to the geographical regions. An effective country market research will help you determine the trends of social media platforms that are locally used and what are the factors on which they spend their money.

[youtube]http://www.youtube.com/watch?v=FGFTYtwOiyc[/youtube]

Twitter- A Powerful Tool: Twitter is so far the powerful platform of Social Media Optimization Services for spreading their message. Maintaining more than one accounts in local languages across the globe will not only bring a better traffic but also allow them to participate in the indirect promotion. Just note that you do not promote a profile in a language that has no relevancy in some different parts of the world.

Localize, Translate & Interact: With the assistance of the automated translation tools, the business messages can be well integrated to various communities based in a certain area. You have to take care of the local areas with a superfine streamlining of the updates for the local community. Interaction is a must and it is your duty to respond to the netizens when they urge for an inquiry. Broadcasting your message is essential but after all discussions and conversations will surely going to make media influence.

Try to Be Present Everywhere: The introduction of your business through Google+, LinkedIn, Facebook and YouTube establishes a sturdy social media presence. If the communication channel is better and popular its better. But it is best when you try to highlight your online presence with all Social Media Optimization Service, which seems to be witty.

Try them out and see how your performance in the marketing strategy changes color.

Article Source: sooperarticles.com/internet-articles/social-networking-articles/social-media-campaigns-multiple-target-ensures-100-percent-success-rate-606699.html

About Author:

Albert Gibson is associated with vSearch Engine Optimization a professional seo company, working as a SEO Manager. vSEO encompasses the range of outsource seo services, SMO, PPC Services and etc., by which you get the maximum exposure in the market.Author: Albert Robert Gibson

Posted in Software And Web Development

Tuesday, January 12, 2010

New Jersey’s state legislature has passed a bill that will legalize medicinal marijuana for patients with chronic disease. The state’s outgoing Governor, Jon Corzine, said that he will sign the bill before he leaves office next week. Upon passage of the bill, New Jersey will become the 14th state in the nation to permit medical marijuana.

Patients with a prescription would be able to purchase up to 2 ounces (56.7 grams) of cannabis per month. The bill specifies that only certain chronic diseases are eligible, ALS, AIDS, cancer, muscular dystrophy, and multiple sclerosis. The bill specifically bans the unlicensed growing of cannabis, driving under the influence of the drug, and only allows six licensed dispensaries in the state.

One of the supporters of the bill, Assemblyman Reed Gusciora said that “I truly believe this will become a model for other states because it balances the compassionate use of medical marijuana while limiting the number of ailments that a physician can prescribe it for”.

Opponents of the bill point to California where they say that cannabis is too loosely regulated. Governor-elect Chris Christie said that “I think we all see what’s happened in California,” he said. “It’s gotten completely out of control.”

Retrieved from “https://en.wikinews.org/w/index.php?title=New_Jersey_to_legalize_medical_marijuana&oldid=4563301”
Posted in Uncategorized

Thursday, January 19, 2006

Schappelle Corby has been told by an Indonesian court that her 20 year sentence for allegedly smuggling drugs into Indonesia would be reinstated following an appeal attempt. Her lawyers had previously been successful in reducing her sentence to 15 years.

Indonesian police allege that Corby smuggled 4.1Kg of marajuana hidden in a body board bag into Bali. Corby has maintained that the drugs did not belong to her and must have been placed in her bag between Brisbane, Sydney and Bali.

Australian baggage handlers had been caught using passenger’s luggage to distribute illegal drugs.

Judges rejected her appeal last week, reinstating her original sentence at the same time.

The Indonesian supreme court has ordered that the drugs be destroyed, signalling that it is the end of any possible future appeal attempts.

Another twist has emerged in the Corby story with her 18 year old half brother arrested yesterday on charges of producing and possessing a dangerous drug, deprivation of liberty and assault occasioning bodily harm.

Corby’s lawyer Hotman Paris Hutapea said that the development had “totally ruined his case”. Speaking before discovering Corby’s original sentence had been reinstated said he feared the development involving Corby’s half brother, James Kisina, would ruin his attempts to free Schapelle.

Wikinews Australia has in-depth coverage of this issue: Schapelle Corby

Corby’s Balinese lawyer, Erwin Siregar, disagrees with Mr Paris claiming the arrest could provide evidence to reopen her case if there is any proof or statements that the marijuana she was caught with belonged to her half-brother.

In court today, Kisina claimed that he was seeking to obtain information from known drug dealers in Brisbane which could assist in Corby’s appeal.

Retrieved from “https://en.wikinews.org/w/index.php?title=Corby%27s_20_year_sentence_reinstated&oldid=2630087”
Posted in Uncategorized

A compilation of brief news reports for Wednesday, March 28, 2007.

The United States will reportedly seek a jail sentence of less than 20 years for Australian David Hicks. He pleaded guilty to providing material support for terrorism, but not an act of terrorism. Hicks may be sentenced by the end of the week. He could be returned to Australia to serve out his sentence, with credit for the years at Guantanamo Bay.

Related news

  • “Guantanamo detainee David Hicks pleads guilty to providing “material support”” — Wikinews, March 27, 2007
  • “US charges Australian David Hicks” — Wikinews, March 26, 2007

Sources

  • Gemma Daley. “U.S. to Seek Hicks Jail Term of Less Than 20 Years” — Bloomberg L.P., March 28, 2007
  • “Australian’s Gitmo confession likely to get him home” — CNN, March 28, 2007

US stocks fell on Tuesday starting another round of global selling, as worries about the US housing market and weaker consumer confidence. Lennar Corp., one of the largest US home builders reported that profits fell 73%. Wednesday, Asia markets opened steady to higher, but fell as rising oil prices and the geopolitcal standoff between Britain and Iran made investors seek the safety of government bonds. European and North American markets are trading lower in the Wednesday trading session.

Sources

  • Madlen Read, AP. “Wall Street slides on economy worries” — Yahoo! News, March 28, 2007
  • Chen Shiyin and Makiko Suzuki. “Asian Stocks Fall on U.S. Economy Concern; Toyota, Samsung Drop” — Bloomberg L.P., March 28, 2007
  • “European stocks — Factors to watch on March 28” — Reuters, March 28, 2007
  • Chris Burns. “Markets lower on Iran, US data” — Reuters, March 28, 2007

In an apparent reprisal for bombings in Shi’ite areas, gunmen went on a rampage in a Sunni in Tal Afar, Iraq, killing about 50 people. There have been reports that the gunmen included police.

Sources

  • “Gunmen kill 50 in Iraqi town” — Reuters, March 28, 2007
  • “Gunmen kill dozens in Iraqi town” — BBC News Online, March 28, 2007

The United Kingdom has made public GPS data that it says proves that the 15 navy personnel were well inside Iraqi waters when they were seized by Iran. Foreign Minister Manouchehr Mottaki said the dispute would be solved “based on rules and regulations” and that the female sailor would be released soon.

Related news

  • “UK prepared to go ‘into different phase’ if sailors and marines not released by Iran within days” — Wikinews, March 27, 2007
  • “British sailors detained by Iran “to be tried for espionage”” — Wikinews, March 25, 2007
  • “15 Royal Navy sailors captured at gunpoint by Iranian guards” — Wikinews, March 23, 2007

Sources

  • “UK reveals Iran dispute evidence” — BBC News Online, March 28, 2007
  • Peter Graff and Sophie Walker. “Britain turns up heat on Iran, woman to be freed” — Reuters, March 28, 2007

Surviving members of the 332d Air Expeditionary Group and 99th Pursuit Squadron, widely known as the Tuskegee Airmen, will be honored on Thursday by President Bush at a ceremony at the US Capitol. They will receive the Congressional Gold Medal for fighting both the Nazis abroad and racial segregation at home.

Sources

  • Matthew Bigg. “Black airmen honored for fighting Nazis, racism” — Reuters, March 28, 2007
  • Annie Bergman, AP. “Tuskegee Airmen Being Honored” — ABC News, March 28, 2007
Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_Shorts:_March_28,_2007&oldid=1985238”
Posted in Uncategorized

Submitted by: Joanne Musa

If you believe the hype that you here about tax lien investing, you would think that you just go to a tax sale, buy some liens and make loads of money in a few months. But if that were true than everybody would be doing it! If you ve actually started to invest in tax liens then you know that there is some work involved in order to be successful. You know that you have to do your due diligence on tax sales properties. And you know that those double digit interest rates that everyone talks about can be bid down at the tax sale.

There are actually 6 things that you need to know about the state and/or county that you are investing in when you re starting out in tax lien investing.

1. The default interest rate

2. The bidding process

3. The redemption period

[youtube]http://www.youtube.com/watch?v=8KM-1po6xtM[/youtube]

4. The tax lien expiration period

5. How subsequent taxes are handled

6. Additional Penalties

These six things make a huge difference in your profit and make tax lien investing very different in different states. Let me give you three examples from states that are all bid down the interest states, but because of the other 5 factors that we mentioned investing in each of these states is quite different.

In New Jersey the default interest rate is 18% and the interest rate is bid down at the sale. But it is quite a different process from other bid down states because in NJ the interest rate can be bid down to 0% and then premium is bid for liens. That means that you do not get any interest on the certificate amount and you do not get any interest on your premium. The redemption period is 2 years and the lien expires in 20 years. So why would investors pay premium for liens and not get any interest on the lien amount? Investors are willing to pay premium for tax liens in New Jersey because once you are a lien holder you have the right to pay the subsequent taxes on the property if the owner doesn t pay them. And you get the default interest rate (18%) on your subsequent tax payments. You also do get a penalty of anywhere from 2-6% on the lien amount when the tax lien is redeemed, depending on the amount of the lien. I ve simplified the process a little, but that s basically how it works in NJ.

Florida is similar to New Jersey in that the default rate and the redemption period are the same. But bidding in Florida is a little different than in NJ. In Florida you do not get to pay the subsequent taxes on your lien. If the owner doesn t pay the taxes, the property will wind up in next year s tax sale. The interest rate is bid down at the tax sale, and the lien expires in 7 years. Bidders will not bid the interest down to zero, but will frequently bid down to .25%. They do this because they will get the 5% minimum penalty when the lien redeems.

In Arizona, the default interest rate is 16%, and the interest is bid down like in Florida and New Jersey. But the interest is rarely bid down to 0%. The redemption period is three years and the lien expires in 10 years. You can pay the subsequent taxes but you only get the interest rate that you bid at the tax sale on your subsequent tax payments. Some counties in Arizona actually force you to pay the subsequent taxes in that if you don t pay them they will sell your lien with the current lien in the next tax sale. The interest rate in Arizona counties is rarely bid down to lower than 6% and most bids (at least in the online tax sales) are awarded at or close to double digits. Part of the reason that investors in Arizona are not willing to bid down to very low interest rates, like in Florida, or 0% as in New Jersey is that unlike Florida and New Jersey, there is no penalty in Arizona. And there are additional costs for purchasing liens and for paying subsequent taxes, which you do not get back when the lien redeems. It s the cost of doing business with the county tax office.

So you see that tax lien investing, even among, these states which have similar interest rates, bidding procedures, and redemption periods is very different do to how they treat subsequent tax payments, and whether they have penalties or not. There are also states that have very different bidding procedures, redemption periods, expiration periods and treatment of subsequent tax payments, which can change the game quite a bit.

In Maryland for instance, the default interest rate varies with the county. Premium is bid at the tax sale but it doesn t all have to be paid unless you actually get to foreclose on the property. The redemption period in some counties is only 6 months, and the lien expires in 2 years. You do not pay the subsequent taxes unless you foreclose on the property. There are no additional penalties that the investor will receive when the lien redeems except for payment of some legal costs if the foreclosure has been started.

So you can see that it is really important to know about these 6 factors in the state and county that you are investing in. Know the rules before you bid and you will be able to build a profitable tax lien portfolio!

About the Author: Find out more about the basics of tax lien investing, like what is the difference between a tax lien and a tax deed, where s the best place to invest and how to get the tax sale information in the Tax Lien Investing Basics course at

TaxLienInvestingBasics.com

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=869730&ca=Finances

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