celebratingour 2 0 thyear - The Parklander Magazine

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could just love and enjoy pleasure riding; it isobvious they were meant to be together.Everyone at the barn is so happy for her!Steve and MacchiatoT4-H News…The 4-H club had the pleasure of Lauren Friedland exhibiting differentleg wrap demonstrations on her horse, Dante. It was very informative forall and was very much appreciated. Everyone was able to give it asuccessful try.Thanks to Lauren for her wonderful preparations.Around the Barn…Congratulations to Lisa Williams Briskie who is the new owner of abeautiful, elegant mare, Honey. TheyAlexis and Bo are a perfect match and this gracefulpair should enjoy many years of happinesstogether. Her prayers were quicklyanswered when Honey became available.Lisa was looking for a horse sheThe Spring Break campers had a greattime preparing their horses for the annualspringtime parade.The horses were all decoratedin pastels and obviously were adorable.Steve Muccio, the owner of Malachi Acres,adopted one of the horses that the ScottFamily Foundation fostered from the SouthFlorida SPCA. He has had a blast riding hisnew Paso Fino, Macchiato, around townwith Chris and his Andalusian stallion,Spaniard, as well as trail riding in some ofthe equestrian parks. What a loving gestureCayla Scott and her family are providing forthese horses to find loving homes. There isone registered Paso Fino mare, Rosie, who isalmost ready for adoption. Contact our barnfor more information at 954-255-7185.Lauren’s leg wrappingdemonstrationLisa and HoneyThe 4-Her’s enjoying the legwrapping demonstration108 MAY 2010
FINANCIAL INFOBy Helene FosterLoan modifications and cost segregations are on the rise, both on theresidential and commercial fronts. With our country in the midst of arecession, many are defaulting on their mortgage loans. Lenders havetrouble keeping up with the large number of defaulted loans and seekways to cut their losses. Many lenders are finding creative ways to avoidforeclosures and work with their clients to reduce payments and principalowed. According to Bill Lawler, vice president of business developmentoperations for Mercantil Commerce Bank, these problems with loanswere bound to happen....“It was a matter of time,” he says.“Lenders were giving out loans for100 percent or even 125 percent ofproperty value...“It was a matter of time,” he says. “Lenders were giving out loans for 100percent or even 125 percent of property value, so now we need loan modificationto fix the situation.These sub-prime rates finally caught up with us.”Property values have been in a steady decline throughout the past fewyears, making these loans impossible to afford. This is where commercialloan modification firms come in to play. The firms seek to analyze thebusiness or residence owner’s financial situation, the amount of decline onthe property value and how much can be afforded each month.What is a loan modification?According to the U.S. Department of Housing and Urban Development, a“loan modification is a permanent change in one or more of the terms of amortgagor’s loan, allows the loan to be reinstated, and results in a paymentthe mortgagor can afford.”“The reason The Mod Class was created because people can do it on theirown,” he explains. “All that is needed is an education about the loanmodification process. Before, lenders were able to tell someone they weredenied for a loan, but not assist them to change their budget in order to getapproved. Lenders were giving the runaround, and in the end not helpingthe people, but only helping themselves.”What is Cost Segregation?“Cost segregation has nothing to do with loans or financing. It is a way toenjoy tax sheltered cash flow by accelerating the overall depreciation on animproved investment property,” says Timothy D. Cross, president ofSyndicon Properties Inc., in Coral Springs since 1973.A cost segregation study allows corporations and investors to reduce theirtaxable income with accelerated depreciation, resulting in increasedafter-tax cash flows. It classifies the investment made in a building orfacility between structural and non-structural property. This is becomingmore popular in the local business economy as businesses are looking forways to save money and remain open during this financial crisis.Cross adds, “The market has been very negatively impacted by what hashappened in the economy. It has absolutely impacted our local markets in anegative way. Sales and leases are off significantly as are the prices.”People can opt to seek help to do a loan modification via a lawyer or amodification firm or professional. Hiring a professional or attorney to dothis can be costly, according to Robert Marley, Parkland resident andinstructor for The Mod Class (www.themodclass.com). There are evenways that individuals can write their own loan modification. His companyoffers an education to “do it yourself.”“The Mod Class provides the knowledge, examples and worksheets tohelp anyone do their own modification for a lot less,” he shares. Whetherone decides to hire a firm or “go it alone,” knowledge is key.the PARKLANDER109
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C E L E B R A T I N G O U R 2 0 T H
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MAY 2010CONTENTSVolume 20, No. 2
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COMMUNITY NEWSTop Five Reasons To F
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LOCAL INTERESTOfer Bavly, The Consu
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COMMUNITY NEWSThe FriendshipCirclec
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HEALTH & BEAUTYBy Jamie LoberOne of
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WEDDING SKIN continued from page 20
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28 MAY 2010
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HOME DESIGNThis living room is larg
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38 MAY 2010
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Anyway, it’s weird how everything
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negotiate with your bank to have a
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FROM THE HEARTMOTHER’S DAY By Joy
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By Jack BloomfieldAll People’s Da
Page 59 and 60: mean feat. He became obsessed with
Page 61 and 62: after the RCA jobwas completed.Wert
Page 63 and 64: Previous page: A view of the Treasu
Page 65 and 66: Maine is a landscape of mountains,
Page 67 and 68: urged Viets to useher background in
Page 70 and 71: ARTS&ENTERTAINMENTKick Back and Enj
Page 72 and 73: You Will Learn:• How to design be
Page 74 and 75: WINE REVIEWNapa CellarsBy Ben & She
Page 76 and 77: RESTAURANT REVIEWBy Charles Marcane
Page 78 and 79: RECIPESMay 5 is Cinco de Mayo, whic
Page 80 and 81: COMMUNITY NEWScontinued from page 1
Page 82: SCHOOL NEWSCoral ParkElementaryUpda
Page 85 and 86: ImagineCharter School UpdateBy Hele
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Page 90: ADVERTORIAL
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Page 95 and 96: Obstetricians/gynecologists ask you
Page 98 and 99: FROM THE EXPERTSCan the CornBy Davi
Page 100: HEALTH & WELLNESSAsk the Expert: Wh
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Page 107 and 108: Selling Our SoulsBy Rev. George Far
Page 109: THE JOY OFCar Trips withCATSPET TAL
Page 113: LOCAL MARKETPLACEthePARKLANDER111
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