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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

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6 Safety Tips to Remember This Thanksgiving

November 24, 2015 1:12 am

Whether your home is playing host on Thanksgiving or you’re gathering elsewhere with family and friends, safety hazards do exist. The most common risk? Fire, according to the National Fire Protection Association (NFPA). In fact, three times as many home cooking fires occur on Thanksgiving than on a typical day.

“A combination of factors collectively increases the risk of home cooking fires on Thanksgiving,” says Lorraine Carli, NFPA’s vice president of Outreach and Advocacy. “People are often preparing multiple dishes with lots of guests and other distractions, which can make it all too easy to forget what’s on the stove. That’s when cooking mishaps are most likely to occur. A little added awareness about potential fire hazards and taking a few basic precautions in the kitchen can go a long way toward keeping your Thanksgiving fire-free.”

Those precautions include the following:

1. Remain in the kitchen while you’re cooking, and keep a close eye on what you fry! Always stay in the kitchen while frying, grilling or broiling food. If you have to leave the kitchen for even a short period of time, turn off the stove. Regularly check on food that’s simmering, baking or roasting, and use a timer to remind you that you’re cooking.

2. Keep items that can catch fire, such as oven mitts, wooden utensils, food packaging, towels and curtains away from the cooking area.

3. Be alert when cooking. If you are sleepy or have consumed alcohol, don’t use the stove or stovetop.

4. Double up on disposable aluminum pans if using to cook a turkey. This will help avoid puncture and dripping liquid, which can cause an oven fire.

5. Avoid using a turkey fryer. The use of turkey fryers can potentially lead to devastating burns and other injuries and the destruction of property due to the large amount (and high temperature) of oil used. If you prefer a fried turkey, look for grocery stores, specialty food retailers and restaurants that sell deep-fried turkeys.

6. If necessary, smother small fires with a lid. If you have a small (grease) cooking fire on the stovetop and decide to fight the fire, smother the flames by sliding a lid over the pan and turning off the burner. Leave the pan covered until it is completely cooled. For an oven fire, turn off the heat and keep the door closed.

Source: NFPA

Published with permission from RISMedia.


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Mortgage Delinquency Rate Falling

November 24, 2015 1:12 am

The mortgage delinquency rate, or the rate of borrowers 60 days or more delinquent on their mortgages, is sliding downward as housing continues to move toward a more balanced market, according to a recent TransUnion Industry Insights Report. In fact, the mortgage delinquency rate has declined nearly 30 percent in the last year alone, and 65 percent from its 2010 peak.

“The decline in serious mortgage delinquencies is continuing and even ramping up, with steadily increasing absolute drops over the last year,” says Joe Mellman, vice president and head of TransUnion’s mortgage group. “We believe this is due to a combination of factors, including strong performance by recent vintage mortgage loans, improving home prices and the continued funneling of delinquent accounts through the foreclosure process.”

According to the report, the rate is dropping across all age groups, with millennials and those aged 60 and older at least risk for delinquency, and every state across the board is experiencing yearly declines.

“This is now the third straight quarter where we’ve not only seen year-over-year mortgage origination growth, but also significant increases in the higher risk populations of near prime and subprime—hinting at a loosening of credit and/or a change in the mix of borrowers seeking mortgages,” adds Mellman.

Source: TransUnion

Published with permission from RISMedia.


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