September 4th, 2010
One of the very famous West Virginia business grants arrives from the federal government. But, in contrary, many of the federal sponsored grants are available to the other businesses apart from those not for profit enterprises. The Small Business Innovation Research – SBIR and the Small Business Technology Transfer – STTR grants yearly award $1 billion towards research and development resources and contracts to the small businesses for the development of new products and the services of technology based. These grants remain funding sent into the economy of West Virginia and permit the state to remain on the critical edge of novelty in the business. The website of SBIR contains all the details pertaining to procedure for applying.
Idea Cafe is an organization run privately. It motivates creativity and impel from its collection of applicants. The vision at Idea Cafe is that the entrepreneur of the small business takes care of the economy. To assist in developing every business of the winner, Idea Cafe gives $1000 as prize to many of the stirring owners of the business. There are no restrictions on the applicants regarding the status of the business as profit in Idea Cafe like any other grants sponsored by the government. There is no necessity that the applicant should be charitable enterprise to take advantage from the kindness of Idea Cafe. Idea Cafe has given out around 9 grants from 2001 and also has offered hundred of various other business grants in West Virginia. The website is available and any one can join freely in it and can get the listing of grant and also can apply for the grant.
If the business is meant for promoting the advertising projects that encourages the trade of tourism for West Virginia, while also rationalizing as an attraction, then this business will get qualified for the MAPP – Matching Advertising Partnership Program. The keyword for this is matching. It means that the entrepreneur has to demonstrate some of the competence at the private fund developing so as to get the awareness of the grant program. But, with the MAPP, one can possible get the reimbursement for the complete funds for the project. For applying, one should first give consideration to the quantity of money that is required for the project. The applications can be availed for the grant ranging from $5000 to $10000 and also for more amounts.
Tags: Advertising, Small Business, West Virginia
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August 25th, 2010
West Virginia does both judicial and non judicial foreclosures. As in most states where both options are available, the decision about the process will be used will depend on the language in the mortgage or deed of trust. If the “power of sale” clause is written into the document, then judicial foreclosure will be avoided because it moves quicker. Should such a clause not be written into the mortgage or deed of trust, then the foreclosure must go through the court system. Then it will take longer as well.
Barring such specifications, most out of court foreclosure proceed with a notice of sale being posted on the property itself and also on the front door of the courthouse for the county where the property is located. This posting of the notice must be presented to the owner/borrower and anyone holding a junior or subordinate lien on the property. These could include 2nd mortgages, 3rd mortgages or 4th mortgages. People with trust deeds attached to the property, mechanics liens etc…
In addition to the distribution of these notices of sale, the lender must advertise the sale of the property in a newspaper, in the county where the property is located. The ad must be run once a week for four weeks prior to the sale date. The time line for the notification of the home owner in trouble and the junior lien holders is 20 days prior to the sale.
The auction will be held as described in the notice of sale. It must be a public auction. This means of course, that anyone can bid for the property. Even the home owner or a friend or relative of the home owner etc.. can do this. The home will be awarded to the highest bidder. At the time the winning bid is achieved, the bidder must be prepared to pay one third of that winning bid in cash. This is an unusual requirement, but not unheard of. Some states require the entire purchase must be paid in cash, at the time the winning bid is announced.
In West Virginia, there is no right of redemption period. This is a time allowed in some states where the former home owner can regain ownership of the property by paying what was the winning bid price, plus some interest. But, in West Virginia, once the sale is over there is no turning back, the winning bidder does not need to worry that if they put more money into the place or move into it etc… that, that money and effort will be wasted. Conversely it means the original home owner had better do all they can to beat the clock so to speak, because once it is sold at auction, they are out of luck.
Tags: Foreclosure Laws, Real Estate, West Virginia
Posted in Real Estate | No Comments »