360 Fireworks Party

Monday, July 30, 2012


by Michael Monks 

For the original story from the Kenton County Commonwealth's Attorney Office announcing the search in Knox County, click the link below.
From a news release (bold emphasis made by RCN):
Kentucky Attorney General Jack Conway announced today that his office will allocate the $19.2 million Kentucky received as part of the National Mortgage Settlement to agencies that create affordable housing, provide relief or legal assistance to homeowners facing foreclosure, redevelop foreclosed properties and reduce blight created by vacant properties. 
“I am proud to say that the money I secured on behalf of Kentucky will be going to help people and communities who were harmed by the mortgage foreclosure crisis,” General Conway said. “This settlement will provide second chances for people who’ve lost their homes, help revitalize properties that have been abandoned, and develop affordable housing in communities throughout our Commonwealth.” 
General Conway made the announcement today in Louisville. As Kentucky’s largest city, it suffered the most severe impact from the national mortgage foreclosure crisis. From 2008 through 2011, banks foreclosed on 66,997 properties in Kentucky – 16,403 of those properties are in Louisville.

“These dollars will make a real and significant impact in our distressed neighborhoods,” said Louisville Mayor Greg Fischer. “We plan to use this money to strategically invest in programs with real results.” 
Breakdown of Settlement Allocations$1.5 million to the City of Louisville. $750,000 to the city’s Vacant Abandoned Property Initiative that targets properties in Louisville that have been abandoned by foreclosing on the city liens to return them to productive use and the property tax rolls. The money is eligible for a match by the Bloomberg Foundation. $500,000 to the Targeted Demolition Program that addresses the problem of blight by removing deteriorated structures that have been abandoned. $250,000 to the Affordable Housing Trust Fund, which provides grants to organizations dedicated to creating or preserving affordable housing for low and moderate-income families. 
$7.5 million to the Kentucky Housing Corporation (KHC). $3 million to the NeighborWorks Alliance, which will leverage matching grants for an additional $7.5 million. Funds will be provided to federally-supported housing programs that cover all of Kentucky’s 120 counties to assist with purchase and rehabilitation of existing properties, purchase and rehabilitation of affordable rental properties, and purchase of mortgages to restructure payment in an effort to allow homeowners to retain properties. 
$3 million to establish a down payment pool and closing cost assistance pool for owners who want to purchase vacant or foreclosed properties. $1.5 million to the Homeownership Protection Center, which will fund 19 Kentucky Housing Corporation approved counseling agencies that provide foreclosure prevention and pre-purchase counseling. 
$250,000 to each of the four regional Legal Aid centers in Kentucky. Money will be used to assist homeowners who are going through the foreclosure process or seeking to avoid foreclosure. 
$4 million to update the Kentucky All Schedule Prescription Electronic Reporting Program. Money will be used to enhance software to ensure compliance with House Bill 1, Kentucky’s newly enacted prescription drug abuse law. 
$5 million to the Office of the Attorney General to assist consumers and investigate mortgage and securities issues. This includes potential litigation regarding MERS involvement in wrongful foreclosures. 
$150,000 to the Cabinet for Health and Family Services. Funds will provide lead abatement through the Division of Public Health. 
“We appreciate General Conway allocating a significant portion for housing programs that will help stabilize communities, stimulate home purchases and assist Kentucky families at risk of foreclosure,” said KHC Chief Executive Officer Richard L. McQuady. 
In addition to providing guidance on how the funds should be spent, to ensure accountability, the organizations must report to the Office of the Attorney General every month on how the settlement dollars are actually being spent. “I am pleased our office identified agencies that can match our settlement dollars with other grants to maximize the potential assistance to our friends and neighbors,” said General Conway. “This settlement is going to help the people of Kentucky and our communities that have all been touched by this foreclosure crisis.” 
Mortgage Settlement History 
Forty nine state attorneys general reached the settlement with the nation’s five largest banks in March of 2012. In addition to the $19.2 million, Kentucky also received $38.7 million that will be allocated by the administrator of the settlement to consumers who qualify for refinancing, loan write downs, debt restructuring and/or payments of up to $2,000. 
The five banks included in the settlement are: Bank of America, JP Morgan Chase, Wells Fargo, Citi, and Ally/GMAC. In order for consumers to receive direct assistance from this portion of the settlement, they must have a mortgage that is or was held by one of these banks.

A website has been established to provide consumers with information about the settlement at www.NationalMortgageSettlement.com . Banks will also be directly contacting consumers who qualify for payments or assistance. If consumers have questions, they may call: 
Bank of America 1-877-488-7814 JP Morgan Chase 1-866-372-6901 Wells Fargo 1-800-288-3212 Citi 1-866-272-4749 Ally/GMAC 1-800-766-4622
The Office of the Attorney General set up a web page with information and answers to frequently asked questions about the settlementwww.ag.ky.gov/mortgagesettlement .
More Kentucky college students facing debt WYMT 
Statewide smoking ban advocates take message on 5-day tour WFPL 
Prosecutor wants gag order in ex-Bengal cheerleader/teacher-student sex case Cincinnati Enquirer 
Some surprised by their health care refunds WLWT 
100 days before Presidential election, Gallup has race tied Gallup 
Kentucky Lottery marks record year in sales Herald-Leader 
Second KY campground shuts down over bear sightings WYMT 
Man's dying wish for $500 tip to waitress inspires charity Herald-Leader 
NKU music preparatory program selected chosen as part of national string project consortium KY Forward 
Car thief may have left behind his own truck WKYT 
The food truck discussion here at RCN inspires an event to patronize a local bakery; Is KY law too lenient toward thieves?; Plus, a Downtown Covington business is going to paint its corner building and wants your suggestions. Click it.
Dr. Louis Todd House, an anesthesiology doctor with the Dupont Surgical Center, has filed as the presidential candidate. His wife, Suzanne, has filed for the vice presidential slot. Both are running as write-in candidates.
Full story: WFPL 
The University of Louisville's president and provost have both vowed not to eat the campus Chick-fil-A following remarks by that company's CEO against marriage equality for gays. The Family Foundation is not amused by the academics' decision:

"If James Ramsey and U of L have no use for a private business that supports traditional marriage, then they have no business asking for funds from taxpayers in a state whose voters approved by a 75 percent margin a 2004 constitutional amendment saying virtually the same thing," said Martin Cothran, a senior policy analyst for the Family Foundation. 
Trying to remove the restaurant because of Cathy's stance on traditional marriage is "simply Orwellian," said Cothran, referring to George Orwell's novel 1984.
"It's 2012 almost everywhere else," Cothran said, "but at U of L it seems to be 1984."
Full story: Herald-Leader 
This evening we have three lovely items up for sale from Covington on Craigslist... Let's take a look:
Want to get your paws on some second-hand tanning bed lotion? Check out this deal:
any one in to the tanning bed thing? i got these lotions.there is like 15 of them they sell for anywhere between $17 and $4 each. i let them all go for $25 
Full details: Click Here 
How about a real-live (well, not live) bearskin rug to walk on?
Up for sale here is a Black Bearskin Rug. He is 57" from Nose tip to tail tip. 61" from claw end to claw end. He is in great condition and professionally taxidermied a with an amish made backing. He can be used as a wall hanging or as a rug. He has a nice face. He is missing one claw. He looks really great on the wall. Price is $550. Call Larry.
What are you waiting for?! Call Larry!
Full details: Click Here
No photo for #3, but it is totally the grand prize today. You can buy your very own coffee shop!
Coffee shop for sale. Great location in the heart of the Village. Turn key opportunity. Loyal clientele and visitor traffic. Strong lease with extra commercial space.You've wanted to start your own coffeehouse. Save yourself the headache, risk and expense of a new start up by owning this established local coffee house. Only 15 months new and has more room to grow. Add your ideas and passion to what we've started. It's a great opportunity for the right person(s).
Business comes with all the equipment, furnishings and training for a seamless transition.
Purchase the coffee house business and take advantage of an amazing lease with an optional building purchase. Serious inquiries by email only. $35,000 or best offer
Full details: Click Here 
That's it for this week's edition of What's Covington Selling on Craigslist! Have a great Monday night!

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