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OCC BANKRUPT

January 25, 2011 by · Comments Off on OCC BANKRUPT 

OCC BANKRUPT, U.S. choppers was a reality TV show that featured a family of rogue cyclists and metallurgists who have turned their skills to design their beautiful motorcycles installation Orange County Choppers in New York.

The company began as a side project at the plant, the family and Paul Sr and Jr Tuetel ease the day to day running and the design work involved in building custom bikes extravagant.

U.S. choppers was a huge success, their bikes were (and are) considered works of art, and despite the tantrums sometimes family Osborn-esque “- most often caused by the fiery Paul Teutel Sr. – he provided good entertainment, a rarity for reality TV.

Their work featured incredible drawings that were commissioned for individuals and groups. A memorable bicycle built for fire, looked like a firetruck with fireman’s helmet that the fuel tank and a fire hydrant.

The crew of American Chopper also featured on Ewan McGregor and Charlie Boorman The Long Way Round where the pair traveled the world on a motorcycle. McGregor has been such a big fan of the show he bought a bike while visiting them.

Today’s news is a very sad time we live in society is now facing a seizure of its facilities. The problem arose after mortgage arrears and unpaid 14,000 and $ 96,400. ABC refused to make payments as they wanted the changes to the loan agreement, given that deflation has lowered the price of the property which houses the Orange County Choppers.

With the help of American Chopper and celebrity endorsements, Orange County Choppers has become an international brand and one might think they will progress to ensure the sustainability of their business, which is run from the same building.

Please hare your thoughts on the foreclosure CA Orange County Choppers’ leaving a comment.

Read about Ewan McGregor brush with death threats and the fight against smoking and the death of former football star Avi Cohen in a motorcycle accident related.

At a time when the Internet is buzzing about the closure of Orange County Choppers. Is this true or not? Fans of Paul Sr. and Paul Jr. around the world can relax.

The sound whole foreclosure OCC is true, but we’re not talking about Orange County Choppers, the American company specialized in customizing motorcycles. The acronym also stands for OCC Comptroller of the Currency, which is effectively bankrupt. An article in Huffington Post about the foreclosure OCC: “The FDIC has been pushing to impose new rules on the operations of these divisions, which are known as mortgage repairers. The agency has engaged in tough negotiations with the other regulatory agencies of the Federal Reserve and the Office of the Comptroller of the Currency (OCC). ”

As the trial of Orange County Choppers, he began in December 2009 because Paul Sr. urged his son to sell 20% of its shares in Orange County Choppers saying they had a previous agreement. Paul Sr. has also requested and $ 1 million in damages for misappropriation of assets.

Another reason for confusion Foreclosure Orange County Choppers is the company that builds custom motorcycles moved their headquarters in the town of Newburgh. Rumor has it that the OCC has delayed mortgage payments, costs about $ 96,400. Orange County Choppers has two mortgages by GE Commercial Finance Business Property Corp., and one and one for 11 million and 1.5 million.

Orange County Choppers (OCC) is a custom motorcycle manufacturer and production that has seen the sunlight in 1999. The company founded by Paul Teutul Sr. and Paul Teutul Jr. was the star of the series American Chopper on the Discovery Channel. The series was broadcast in 150 countries worldwide. The action takes place in Montgomery, a small town in upstate New York, where Paul Teutul Sr. and his two sons, Paul Jr. and Mike are building custom choppers, as well as the more expensive luxury cars.

OCC would have been nothing without Paul Sr. In 1999, with the help of his son, Paul; he presented his first OCC Chopper – True Blue – a festival at Daytona. Three years later, a producer of Discovery Channel has seen the company as a great idea for a show.

But ABC does not stop there, they built a chopper and 500,000 for the U.S. automaker, Lincoln, and one for Carol Shelby, for which they received two Ford Shelby Cobra units, and Paul Sr and Jr even said they are not afraid of building cars. Their production bikes were sold at about $ 40,000, but they were not seen in the Discovery series. The Teutul family also built a bicycle and $ 1 million for Microsoft.

Paul Teutul Sr. was born into a poor family in the 70s? If he was a drug addict drugs and alcohol. Now he is the head of a company that makes millions of dollars. And that kind of money does not come only as building choppers. OCC makes a lot of money commercial discovery rights, American Chopper and Orange County Choppers merchandise, real estate, and Orange County Ironwoks steelworks, founded by Paul Sr. and now run by his third son, Dan.

To summarize, Orange County Choppers are OK, at least for the moment and the Office of the Comptroller of the Currency is a bankruptcy, but that does not concern us.

Source: http://www.celebrities-with-diseases.com/celebrities/orange-county-choppers-face-foreclosure-but-not-bankruptcy-12947.html

Orange County Choppers Foreclosure

January 25, 2011 by · Comments Off on Orange County Choppers Foreclosure 

Orange County Choppers Foreclosure, Large banks and thrifts awarded 382,000 households in the third quarter, up 31.2% over the previous quarter, according to the Office of the Comptroller of the Currency.

Foreclosures increased by 3.7% from a year ago, and more are coming. There are 1.2 million households in the foreclosure process at the end of the third quarter, up 4.5% over the previous quarter and an increase of 10.1% over a year ago.

The OCC, which oversees the largest banks and absorbs the Office of Thrift Supervision in 2011, said lenders have picked up the pace of foreclosures to get through their portfolios.

However, 87.4% from 33.3 million in loans from the banks’ portfolios were up to date and perform at the end of the quarter, which held unchanged from the previous quarter. Although the number of delinquent borrowers 60 days was reduced from 6.4% over the previous quarter, mortgages between 30 – and 60 days past due increased by 4.3%.

But administrators reported holding more shares of home foreclosures in the third quarter. More than 470 000 debtors received a change of view, the permanent change, or payment plans in the short term.

Of the changes ended in the third quarter, 88% included a reduction of capital to go with the decline in interest rates, and more than 54% reduction in monthly payments of at least 20%.

Latest changes are more effective than previous ones, too. For those that ended in the fourth quarter of 2009, 20.2% were seriously delinquent after six months. For those in the second quarter of 2009, 33.5% were seriously delinquent after the same amount of time.

Banks have already ordered through most delinquent borrowers and decide whether to modify their mortgages, federal officials.

“The universe of eligible borrowers who have not been evaluated. It’s draining,” said Bryan Hubbard, a spokesman for the OCC.

Many troubled borrowers owe more on mortgages than their homes are worth, a situation known as “waterboarding.” Many banks do not want to modify mortgages, analysts say, because it would force them to cancel the loan.

Central effort of the Obama administration to prevent foreclosures, the Affordable Home Modification Program, experienced an even greater decline in the third quarter. Just 59,000 loans were modified under the program, almost 46 percent from the previous quarter. Another 44,000 loans in a trial period of three months. If borrowers make payments for three months during the trial period, the change becomes permanent. The modified loans typically have lower interest rates or longer payment terms.

The federal program has fallen well below their targets. Government officials initially said would help 3 million to 4 million people avoid foreclosure. However, a congressional panel estimated earlier this month that is likely to end up modifying only about 700,000 to 800,000 mortgages.

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