One of the exciting trends when it comes to personalizing a home is adding a steam shower. Steam showers are great and can be quite interesting to install in a bathroom. If you have one of these in your home, you will need to consider cleaning it properly. Without proper cleaning and maintenance, you could run into a variety of general problems. In the long run, this could cost you more than it is worth. To make sure something moves forward positively, consider the following simple tips to keep your shower clean and uncluttered.

The calcium problem

If you leave your shower uncleaned, you will have problems with calcium in the shower. That’s not good. Calcium buildup could cause the nozzle to become blocked. This chalky substance is going to be hard to deal with, so get a calcium remover spray and spray it around the inside of your shower from time to time.

rinse everything

From time to time you will need to flush the shower system. You need to flush everything out so there are no blockages in the pipes. If you don’t do this, water may begin to pool through the shower and into the enclosure. This could lead to leaks in general. This can cause a serious problem with the valves in the pipelines.

Clean all metal components

Do not rule out the cleaning of fixtures and metals. It is imperative that all doors are secure, shower heads are clean, and all fixtures are clean of deposits that can build up on metal. You don’t want rust or other elements ending up on the inside of fixtures, on walls, and more. It’s a bad thing in general.

clean often

Don’t let your shower go without proper cleaning. Clean the walls, interior and rinse things every few months. Always clean every inch of your shower or you could cause mold, calcium, and more to cause problems with your plumbing and shower stall in general.

At the end of the day, you will need to keep up with your shower maintenance. Your steam shower can be a great place to unwind and even take relaxation to a whole new level. However, it should not go without regular cleaning. To make sure things move forward positively, be sure to focus on the tips above to ensure the longevity of your shower.

I have met many people who have lost money when they sold their homes. In fact, I am one of those people, and it has happened to me more than once.

There are a number of factors that can cause a financial loss when you sell your home, including needing to sell at the wrong time due to an impending divorce or foreclosure, or a downturn in the local housing market. However, it is also common to lose money simply by making too many expensive changes to the house before putting it on the market. This is how I lost money on real estate, before I knew it.

My most resounding failure in the home improvement market was a house I bought in Spokane, Washington. Knowing what I know now, I would have just replaced the carpets and fixtures in the kitchen and bathroom, painted inside and out, and bought new appliances. I would have probably also replaced the old style windows to make the place look nicer and more attractive to the energy conscious buyer. These corrections could easily have been made within the two years he needed to live there to avoid capital gains taxes.

Because I didn’t know what I know now, I did major renovations, including changing the bathroom. I did most of the work myself, but the materials alone cost more than I was able to recover when the house was sold. With the exception of repairs made to the house to make it eligible for an FHA loan and watering the lawn, I doubt any of my major projects have really helped me sell the house or increase its value.

If a house is really solid, with no structural damage or bug problems, the main reason it will sell for less than its value is often cosmetic. This was certainly the case with the house I bought in Spokane. Dirty carpet and a mirror-tiled wall in the living room kept most buyers from going further into the house. I was able to see past the aesthetic issues and see the full potential of the house, but my imagination went a bit too far.

The floor plan was odd and a little awkward, but leaving the bathroom where it was would have been much more financially rational. Why didn’t I do that? Because my emotions and nested instincts took over, pushing aside all thoughts of future gain or loss.

Let’s face it: Most people don’t buy their own homes with the intention of making a profit, although they certainly hope that the home will be a good investment. In fact, the emotional stress caused by the process of buying a house and moving into it can be enough to completely erase any thoughts of moving again a few years later. However, I know of several families who have made a very good living buying houses cheaply, living in them and fixing them up, and then selling them when the IRS allows them to do so without paying additional taxes. Clearly, these people do not make any changes to these houses without careful consideration of the end result.

After my adventure in Spokane, I decided to learn from my mistakes and figure out how to stop losing money on houses. I read books by authors who have experience fixing up and remodeling houses, and then I read them again. When I saw that most remodeling projects almost never recoup their costs when the house is sold, I was a bit surprised, because I had been guilty of almost every mistake on the list at one point or another. I know many people who have also made the same mistakes, even when they started those remodeling projects with the intention of increasing the value of their homes.

When I bought my next house, that list was very much on my mind. For example, my kitchen was in dire need of a major overhaul (or so I thought) and it was too small. I pored over the latest home decor magazines and ideas flooded my head. I thought about knocking down some walls, and even tried to imagine adding something to the house to make the kitchen bigger. New cabinets and new appliances would be needed…

In the end I painted the kitchen cabinets and replaced the sink with a new one I bought at Ikea. I covered the chipped orange Formica counters with patterned cotton fabric and coated them with many coats of water-based Verathane which was meant to protect the hardwood floors. The entire “remodel” cost less than $400, as opposed to the thousands of dollars I would have spent if I had gone ahead with my idle dreams of a “perfect” kitchen. Since the house sold for a very good price within two weeks of being listed, my buyer obviously didn’t care that the kitchen didn’t meet my idea of ​​perfection. Because I kept my costs low, I made a useful profit on the sale.

Would you have been able to sell the house for more money if the kitchen had been remodeled and expanded? Maybe, but not enough to cover the cost of the remodel. Although the National Association of Realtors lists a kitchen remodel as one of the projects that will add the most to a home, they still advise that you should expect to recoup only 80% of the costs. If your new kitchen is much fancier, larger, and more expensive than any other kitchen in the neighborhood, the benefits will be even smaller. A complete kitchen remodel can cost thousands of dollars, so the 20% you don’t get can be a lot of change.

Does this mean that you shouldn’t make changes to your home that would make you happy? Not at all, especially if you intend to live there for many years. But it’s worth sitting down with your spouse or partner before you start making your remodeling plans, determining exactly how long you’ll be staying in the house, and then thinking through all the financial implications of the remodeling project. Even if you don’t consider yourself a home pro, it might be worth slowing down a bit and finding ways to improve your home without spending money you’ll never see again. As a bonus, your family could avoid the stress and disruption of all that remodeling hassle.

This article assumes basic knowledge of Joomla. A working installation of Joomla is required.

Let’s say you need, or just want, to create a site like EzineArticles or something similar. If you are interested in using a more generic CMS, and not a script targeting an article site, you might consider using Joomla. That is always a good choice.

If you tried to use Joomla as it is, with the default Article Management, you will soon feel its limitations. There are some flaws that will prevent you from running your site as a professional article publishing web service.

1. You have to make users Editors. Regular users (Registered) do not have the right to create Articles. You have to manually make them Editors. This might work for some website concepts, but for most an automation would be welcome.

2. Users cannot see your submitted content. There is no list of shipped items.

3. Admins do not receive any email notification when a new article is submitted.

4. Users do not receive an email notification when their articles are approved and published

5. Users do not receive a message or notification when their Article is NOT approved.

6. The article submission interface is confusing and quite complicated for novice users and users who are not used to the Joomla interface. There are some features that are not necessary in a regular article-based website. For example, the whole concept of mosimage is just an annoyance to a normal user, as no webmaster in their right mind would allow any user to upload media to their server. Also, the whole concept of embedding images that Joomla uses is not very intuitive for the first time user.

7. The most annoying part of the entire article management process is Joomla’s approval system. By default, there is no way to filter unpublished content or even have the latest articles submitted first. Imagine that you have hundreds of articles already submitted by users and about 10 submitted per day. To find them and check the content, you need to search for the title or narrow down the list in some way.

8. There is no way to have a reject, edit and republish workflow. That means that if your user publishes an article that they later reject, there is now a mechanism to ensure that the user gets feedback on the error from her so that she can publish the article and resubmit it. This is a major flaw in the article concept of any reputable article publishing website.

Seeking to overcome these deficiencies of Joomla, we tried to find a set of components that allow you to complete these tasks and use the standard Joomla Article Management. We do not test core hacks or the like as these are difficult to maintain in the latest version of Joomla and could also interfere with other components that are vital for a good Joomla website (Community Builder, etc.)

We searched various resources in hopes of finding an integrated solution to our problems. We were only able to find scattered components that solve some of the problems, but not in the way we expected:

JA Send and Ninja Simple send – ninjoomla.com

– simplifies the shipping process

– allows unregistered submission (not our goal), but overcomes the problem of having users register manually.

– Eliminate some of the confusing errors that Joomla unknowingly throws at the user

my content

– Allows users to edit their previous shipments

– Allows users to unpublish their content.

– Allow users to submit in any section

Item Factory Manager – http://www.thefactory.ro

– The installation of this component went smoothly, like a normal component. Then we made a Menu (displayed only for registered users) with some links to the main functionalities of this component. We define “My Articles”, “Submit new article” and “my Resource Box”

– An interesting feature that the component introduces in our workflow is the “resource box”. This is a small signature box that only allows limited HTML code (Anchor and Breaks only – ay br). This is a user information box that will be attached to your submitted articles. This way, users save their information and backlinks once and can focus on the article submission process.

– Another cool feature we discovered that proves to be very useful for us webmasters who don’t want our web pages to become a link farm is the limitation of the number of anchors in one article and separately in the resource box . This way we make sure that users don’t submit articles with many links without having to reject them. They just can’t send them.

– We were also pleasantly surprised by the possibility of HTML tag limiting, a feature that removes all tags other than those allowed. As we discussed with the authors, all “script” tags are automatically removed regardless of your settings. This is a must-have security feature.

The dream of all homeowners is to be able to pay their mortgage and live in a free and clean house. Many homeowners don’t even think about paying off their home loans and think it’s nearly impossible for anyone to own a home without a mortgage. However, there are people who have goals and work very hard to reach that goal of paying off their mortgage. Homeowners who accomplish the arduous task of paying off their mortgage deserve bragging rights and it’s an impressive goal and accomplishment. The very few and proud homeowners who pay off their mortgage loans need to ensure that, after making the final mortgage payment on their home, the mortgage lender has released the lien on the property from the title to the property, so that In the event that they need to sell their property at any given time, there will be no red tape. All FHA loan programs require escrows for property taxes and homeowner’s insurance, so once the mortgage loan has been paid off, the escrow requirements for property taxes and insurance will be the sole responsibility of the owner.

Things to know about paying your mortgage before your final payment

As you near the final payoff line on your mortgage, there are several things you need to know about paying off your mortgage before your final mortgage payment is due. One of the things you should do is request a final settlement figure from your mortgage lender 45 to 60 days before the last and final payment on your mortgage. Homeowners need to understand that mortgage borrowers pay their home loan payments late, and because they are paying late, homeowners may actually owe more on their mortgage balance than they think they owe. For example, if a homeowner has a mortgage payment due this month and pays his payment now for this month, this month’s payment covers the previous month’s principal and interest payment. The clock of interest is always ticking, day or night. Interest is added every minute of every day. If you are one of those homeowners who has been paying housing payments in excess of the monthly minimum due, you may be surprised to find that you owe substantially less than you thought you owed.

How do you pay your mortgage?

Homeowners with mortgages have a mortgage loan servicer who services their mortgage loan. The loan servicer’s responsibility and scope of work is to ensure that the borrower’s accounting records, including escrow deposits, are accurate and that monthly statements are submitted on time and record that payments made by borrowers are registered correctly. When a homeowner requests a mortgage loan payment, the mortgage servicer is the agent that processes the payment statement to the homeowner or mortgage lender requesting a payment on behalf of the borrower. Upon a payment request by the borrower, the loan servicer must prepare the correct payment figures and ensure that the payment letter is sent to the borrower or the borrower’s power of attorney within seven days of the payment request . The loan servicer will indicate the date the loan payment will be due, and if that date passes, additional daily mortgage interest will accrue. There are fees and costs in paying a mortgage. In addition to the final payment of principal and interest, borrowers will be required to pay recording fees to the county recorder’s office to release the mortgage lien from the title of the property. The mortgage lender may also have additional fees and costs, such as processing fees, wire transfer fees, unpaid fees, as well as late fees, if applicable.

Release of security deposits when you pay your mortgage

There are other tasks required by the mortgage servicer when you pay off your mortgage. Most borrowers will have an escrow account with their loan servicing company. When you pay off your mortgage, the escrow account must also be closed. One of the mortgage servicer’s jobs is to escrow property taxes and homeowner’s insurance and pay them when due. Since the loan servicer will no longer be servicing your mortgage loan, they will need to close your escrow account and reimburse you for any remaining funds in your escrow account within 20 days after your loan is paid off and you will need to zero out and close your escrow account. Be sure to get confirmation of your escrow account closing and check with your homeowners insurance company and county property tax division to make sure they have the correct address to send you future insurance bills and property tax bills. overcome. Get the proper due dates so you don’t fall behind and be charged a late fee or risk your home being uninsured. Automatic online payment setups are a great way to make sure your bills are paid on time, but make sure you have enough funds in your bank accounts.

When do you get clear and clear title to your home?

Many homeowners think that just because the loan servicer shows a statement with a zero balance on your mortgage, you own your home freely and clearly. This is not the case. You will only have clear and clear title to your home when the release application is filed by the county recorder’s office. This can take anywhere from a few days to several weeks. You officially own your home free and clear when you physically obtain a copy of the release showing the date recorded as well as the identification document number from the county recorder’s office. There are several ways to gain possession of this release. You can have it mailed to you or you may have the option to pick it up at the county recorder’s office.

When you contact your homeowner’s insurance company to let them know you’ve paid off your mortgage, be sure to tell the insurance company that the loan servicer is no longer the additional insured and ask them to remove your name from the insurance policy. homeowner’s insurance. Your homeowner’s insurance company may request a copy of your recorded release application as well as a copy of your deed.

The concept of raising taxpayer funds for an initiative has worked well in the world of technology and other areas. But will it benefit the Indian real estate market? Read on to find out more about this exciting concept and how it benefits the real estate industry as a whole.

Crowdfunding as an industry

Since crowdfunding only draws interested users into the realm of investors, the idea that it is being funded usually sees victory sooner rather than later, unlike when employing other methods. As an industry, it has been quite popular with consumer-driven companies offering specific products.

Everything you need to know about the crowdfunding model

Crowdfunding aims to provide an accessible platform on the web for investors to contribute to projects that interest them. For real estate, this model would be more or less the same, except that the assets seeking to raise funds would be a project or a land sale. Each investment made can be monitored or customized from the same platform so that it is easily accessible to all investors. The best part is that you don’t have to travel to other places to find a good asset to invest in, because everything is accessible with a few mouse clicks.

The benefits of crowdfunding

If you are a small-scale investor who is okay with risking large sums of money, crowdfunding in real estate could be a great option for you. The amount of capital that you will have to invest in a project is always limited, and this is profitable because it can be part of a big business. As more investors come together to invest in the same project, the project eventually gets off the ground with a combined effort.

Crowdfunding in Indian real estate

Because crowdfunding is such a simple concept that involves displaying all projects seeking funding on one website, the real estate industry could benefit greatly from it.

SEBI (Securities and Exchange Board of India), however, has proposed a new set of rules for crowdfunding through various web-based platforms. According to this, only those entities that are not linked to a business group with a turnover of Rs 25 crore or more could take the crowdfunding route. Additionally, any real estate entity that has been in existence for four years or more would not be able to explore this option.

Help stalled projects

Currently, the Indian real estate sector has been inundated with a large number of projects that are incomplete and frozen due to lack of funds. The lack of payment of debts has led banks to withdraw funds for these types of projects, and this is where crowdfunding could step in and help.

The crowdfunding market in India

The crowdfunding market in India has been the target of numerous fraudulent deals, seeking to hoard money for very different reasons than the project claims. Because the industry has no laws governing the functionality of the service, crowdfunding is a rather unorganized solution for investors willing to put their money on the line. The only way to save the industry would be to introduce some strict rules and have a strong mechanism, so that every transaction is well regulated.

In real estate investing, your earnings are determined by how you purchase the property. Not so much how much you sell it for. Running comparables is a key component to your success. You need to know the value of the repaired property as well as the properties sale price compared to the subject property in the current market. In today’s market, compensation is handled a little differently than it was in 2005-2006. Don’t even waste your money or time hiring an appraiser.

Some of the free websites you can use are sites like Zillow, Trulia, and you can also check your tax assessor’s site. Now these websites are free so they are not the most accurate. However, they will provide a range close to current property value, as well as homes sold in the area. Realquest is one of the best sites to use when running comps on a property. It is a monthly fee that you have to pay. But you can access information about the neighborhood, schools, crime rate, etc. It is by far one of the best websites to use that is quite accurate.

The best resource to use to run comparables would be MLS. Now, of course, only real estate agents have access to the MLS. But if you relate to one and build a relationship with them. They might agree to give you an assistant login. So you can also access the data in MLS. As a real estate investor, it is imperative for me that you have access to MLS. You can still change a deal without it. But it is very useful!

When comparing a property, always be sure to take note of square footage, bedrooms, and bathrooms. If you sell wholesale, all if not most of it will be sold to investors for cash. Therefore, you need to find out what price properties near the area of ​​interest are selling for. Don’t go comparing apples to oranges now. Instead, compare that 1,400-square-foot 3-bedroom, 2-bath home to a similar home recently sold for cash. Look at the properties that were sold in the last 3 to 6 months at most. Once you feel comfortable, you also found some good properties to compare. I would say bid as low as 10-15k for what comparable properties have been sold for. Unless the property needs a complete rehab, you’ll want to offer less.

According to meteorologists, hurricanes can appear between June 1 and November 30. Given the statistics of damage and loss, it is extremely smart to incorporate the proper steps that will help stop the devastation related to human life, home, business, car and everything else. property you own.

While homeowners, renters, and business owners should routinely obtain adequate insurance coverage, it is those who live directly in the storm danger line who need to make sure their policy covers all angles of potential risk. To this important end, shoreline owners should review their plans carefully. Including the service of a sympathetic independent insurance agent will be an added benefit. He or she should be able to tell you candidly about any discrepancies and advise you how to fill in the gaps so you have the coverage you need when you need it most.

Your insurance agent will no doubt stress the importance of making copies of important documents, particularly those that prove your undisputed ownership of your home, business, car, boat, and anything else of value. Once this is done, you should keep the originals in a safe place and the copies off site.

The next course of action for those who live in coastal areas, as well as mobile home complexes and high-rise apartment buildings, is to devise an evacuation plan. Government agencies have generally already done a good deal of the work in this area by mapping out an evacuation route for your location. Be sure to study it and do an evacuation drill with your family and loved ones before any anticipated hurricane or tropical storm strikes. If you have a pet, make proper evacuation plans for them, too, by reserving a spot at an animal shelter in advance of the appropriate weather alert.

Simultaneously, families must update their emergency kit. Make sure there is a sufficient supply of bottled water, food, blankets, and other essentials. Store all of this in an easy-to-carry container, one that you can quickly grab to go.

Homes or buildings that are already in disrepair have a higher chance of further damage from a wind or rain storm. This is why the smart homeowner will ensure that previous repair work is completed prior to inclement weather. The number one place to check on a structure is the roof. Watch for loose or missing shingles and any other less than perfect conditions!

Another way to minimize potential damage from a storm threat is to firmly secure or remove items in your yard that can turn into debris once picked up by high winds.

Last but not least, high on the list of importance is the need for businesses to have a computer data support system. Transfer data to another protected site so you can retrieve the information when the storm has subsided.

Mother Nature has made sure that life is never too dull. Stay safe!

Building Homes of Your Own is a computer game where you are challenged to take out a loan, select and purchase a property, design and build a house, and sell it for a profit. There are three levels in the game, Urban or Suburban, Rivers and Lakes, and Coast. For each progressive level, you will be awarded a larger loan for your budget. In the third level, Coastline, you will receive a loan for more than 1 million dollars.

Construction technology engineering is the main focus of the software. It is intended to be as close as possible to real world situations in the home building industry. Many students in Technology Education and Engineering class use this software to learn the steps to plan and build a house.

Here are some of the top tips to be successful in Building Homes of Your Own game. First, you must remember that you are not designing the house for yourself. You will be given different situations depending on the location of the property you choose. Most design something they would like to live in while ignoring the demographics of the surrounding area. Surrounding houses and neighborhoods are great clues to who you would like to sell your house to. You must check demographic data to obtain information about your property. For example, the average age of the population is very important. You don’t want to build a skate park in the backyard of a neighborhood where the median age is 65 and older.

Second, when designing the floor plan and interior, remember that you are trying to make a profit on the property. Your profit is the amount of money over and above what you spend on building the house. For example, if you design a very large house with the most expensive interior options, you will not be able to make as much profit on your property.

Third, planning your home design decisions is the most critical step that most people overlook. There are three planning phases you should consider. The “site phase”, where you find and buy your property. The “construction phase”, in which you decide on your floor plan, exterior and interior. The “selling phase”, where you list and sell your home to potential buyers.

Your home will be judged by the amount of profit you make on your property. You should be able to find the right buyers by checking their credit information. They will be turned down by the bank for a mortgage loan to buy their property if they have bad credit. A score of 70 percent or higher means you can move on to the next level. Remember these tips and tricks to take you to the next level when you play Build Your Own House.

Find lower rental costs
There are several things you can do to find a lower monthly rent:

• Looking outside an urban area. While living downtown may seem like a priority, it doesn’t mean much if you can’t afford rent. Instead, check out apartments in the suburbs that are within comfortable commuting distance.
• Consider transportation costs. Urban areas generally require a smaller transportation budget, as you’ll likely be able to take public buses or the subway to get around. However, you still need to factor in transportation costs, whether it’s a bus pass or gas money, if you choose to live far from the city center.
• get a roommate. You can cut the price of any apartment in half simply by sharing it with someone. You need your landlord’s approval before doing so, but having a roommate can significantly reduce the financial pressures of renting. Just make sure you have a written agreement with your roommate that lays out all the obligations.
• think small. Square footage comes at a premium in an apartment, particularly in the number of bedrooms. Choosing a studio or one-bedroom apartment may mean losing some space, but it makes up for it with big savings from month to month. Assess how much space you really need based on your lifestyle, visitors, pets, and storage. You may find that you’re happy to pay less for a smaller venue.
• Negotiate. Unless you’re looking for an apartment in a popular area with low tenant turnover, many landlords are willing to negotiate. See rates for comparable apartments with similar amenities in the area and bring your research for a better deal. You can also offer to pay rent for a longer portion at a time (the landlord can lower the rate if you pay three or six months at a time) or choose to sign a longer lease to get a better deal overall.

Start hunting early

Do not leave the search for a flat for the last minute. In a perfect world, you should start about three months before your “must move in” date. Many current tenants have to notify their landlords of vacancies in advance; most areas require tenants to give at least 30 days’ notice, but many give more.

While the features you want in an apartment are specific to you and your lifestyle, there are several basic things to look for:

• Transport. If you currently don’t have a car, check the proximity of each prospective apartment to public transportation. An apartment may be well priced and in a great neighborhood, but if you have to spend most of your time walking or hailing a cab, it may not be as appealing. Also, you need to factor the cost of transportation into your budget to get a realistic picture of how much an apartment really costs.
• convenience. Choosing an apartment that is conveniently located can make your life a lot easier. Look for a place that is close to work, shopping, transportation, and amenities like laundry facilities.
• Safety. An apartment must not only be in a safe neighborhood, but landlords must make an effort to ensure that their tenants feel safe inside. Proper locks on every door, private entrances, and security should make you feel better about renting.

There is often a lot of confusion about the difference between what is a MIC and what is a REIT. This article aims to explain some of the differences. However, both are good options for institutional asset management.

Like REITs, MICs or mortgage investment trusts are a type of syndication that allows a group of people to pool resources to reduce risk and maximize income. However, MICs differ from real estate investment trusts, and are a tool that invests in mortgages secured by real estate, rather than the real estate itself (this is what a REIT does, as do REITs). RELP).

However, once again, like REITs and MICs, mutual funds are an investment tool with a low barrier to entry, and that also leaves unitholders without the responsibility of managing the day-to-day operation. .

A MIC investment also allows the pooling of investor funds, and this is an important point. By working together, investors can bundle smaller individual investments and can accomplish much more by working together.

Like their complementary investment vehicles, mortgage investment corporations are intended to provide equity holders with stability. In the case of MICs, this is done by investing in a diversified portfolio of mortgage loans. This means that the whole can absorb the effect of possible defaults. Contrast this with this situation of an individual investor investing in an individual mortgage that defaults: there is no protection at all.

Also, with a MIC, loan rates are locked in at the beginning of the contract, so changes in bank rates won’t affect things for investors right away, at least not until renewal dates.

Like the typical Canadian REIT, MIC investors benefit from a strong management team. Managers handle day-to-day operations, establish and execute lending strategy, secure beneficial interest rates, and also manage principal and returns for participants. And, it goes without saying that the management team, rather than the individual investor, bears all the risks and responsibilities of the investment. It is a win-win situation.

Another benefit of mortgage investment corporations is that they invest in mortgages, rather than real estate. Although real estate is generally insulated from market fluctuations and is a safe and stable bet, mortgages are considered even safer. Regardless of whether or not the value of the mortgage declines, the borrower must make predetermined monthly payments, and if there is a default, the MIC can still foreclose on the property.