Report: Miami among top cities to snag foreclosed homes

Six Florida cities rank among the best places to buy foreclosures in 2013, according to a report by RealtyTrac.

Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real estate data firm said.

RealtyTrac looked at four criteria in tallying the “best places:” the supply of foreclosure inventory; foreclosure sales as a percentage of all transactions; the average percentage discount on foreclosures; and the annual percentage change in foreclosure activity in 2012 compared with 2011.

Also among the top 20 metro areas for buying foreclosures is Lakeland (No. 5), Tampa (No. 6), Jacksonville (No.7), Orlando (No. 9) and Miami (No. 12), according to the RealtyTrac report.

The No. 12 ranking for the metropolitan area of Miami, Fort Lauderdale and Pompano Beach was based on the area having a 29-month supply of foreclosures, with foreclosures accounting for 28.7 percent of all sales during 2012. The average price discount on a foreclosed home in the Miami-Fort Lauderdale-Pompano Beach area was 31 percent in 2012, when foreclosure activity rose 36 percent from a year earlier, RealtyTrac said.

“Markets with increasing foreclosure activity in 2012 took the first step in finally purging delayed distress left over from the bursting housing bubble,” Daren Blomquist, vice president at RealtyTrac, said in a statement. “Meanwhile, the underlying fundamentals in many of those markets are slowly improving, making it an opportune time to absorb additional foreclosure inventory this year — and that is particularly good news for buyers and investors hungry for more inventory to purchase in those markets.”

The greater Miami area ranked fifth among U.S. cities in foreclosure filings in 2012, with 3.71 percent, or one in every 27 housing units, receiving some type of foreclosure filing during 2012. That compares with a national average of 1.39 percent of housing units getting a foreclosure filing during that period.

Anthony Askowitz, a broker with RE/MAX Advance Realty II in Miami, said the reality of the foreclosure market is more nuanced than such statistics suggest.

“The inventory of foreclosures on the market is very low. It’s highly competitive right now for a foreclosure or a property put out as a quote ‘good deal,’’’ Askowitz said. “Multiple offers is the norm.’’

Indeed, while the huge overhang of foreclosures has long been expected to constitute a downward pressure on home prices, robust demand for South Florida housing and a tight inventory of available homes for sale have so far trumped that force.

According to the latest Case-Shiller report released Tuesday , South Florida home prices rose 10 percent in November 2012 from a year earlier. That marked the 12th consecutive gain.

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FBI raids West Palm Beach office of doctor tied to U.S. Sen. Bob Menendez

FBI agents late Tuesday night raided the West Palm Beach business of an eye doctor suspected of providing free trips and even underage Dominican Republic prostitutes to U.S. Sen. Bob Menendez, D-N.J. — who has denied what he calls the “fallacious allegations.”

Agents gathered at the medical-office complex of Dr. Salomon Melgen, a contributor to Menendez and other prominent politicians, to start hauling away potential evidence in several vans.

The investigation is believed to be focusing on Melgen’s finances and the allegations about Menendez’s trips and contact with prostitutes. A spokesman for Menendez could not be reached for comment, nor could Melgen.

Melgen has an outstanding IRS lien of $11.1 million for taxes owed from 2006 to 2009, according to records filed with the Palm Beach County recorder’s office. A previous IRS lien for $6.2 million was released in 2011.

Despite those financial problems, Melgen and his family have contributed at least $357,000 to candidates and committees since 1998, according to Florida and federal campaign records. Of that, the Melgens have contributed about 9 percent to Menendez’s federal campaigns.

Melgen also owns a private CL-600 Challenger plane through one of his West Palm Beach-based companies, and frequently flies between South Florida and Casa de Campo in the Dominican Republic, where he is from.

Menendez has flown on the plane at least once, his office has said, when he was chairman of the Democratic Senatorial Campaign Committee from 2009 to 2011, when the Melgens contributed about $60,400 to the group. A spokeswoman had previously said that Menendez and Melgen are longtime friends and said the senator did nothing improper.

Melgen was first linked to Menendez just before the November elections, when the conservative Daily Caller website interviewed two alleged prostitutes who said they had relations with the New Jersey Democrat at Melgen’s Dominican Republic mansion in Casa de Campo.

After the election, the news died down.

But then, days before Menendez was about to start leading the Senate Foreign Relations Committee as chairman, reporters started receiving a 58-page dossier of emails between a Miami FBI agent and a tipster who claimed that some of the prostitutes had been underage.

“I’m not going to respond to the fallacious allegations of your story,” Menendez told the Daily Caller on Monday when a reporter caught up with him on a train in Washington.

At the time, Menendez had just stepped into the national spotlight along with Sen. Marco Rubio, R-Fla., and six other senators who are hammering out a highly watched immigration plan that is the talk of Washington.

Rubio is one of the few big-name Florida politicians who has not received campaign money from the Melgens, who have contributed to Sen. Bill Nelson and Reps. Debbie Wasserman Schultz, Joe Garcia, Ileana Ros-Lehtinen and Mario Diaz-Balart, among others.

The FBI would not comment on the emails, and the agent, Regino Chavez, did not return calls or emails. But sources familiar with the investigation told The Miami Herald that the emails are real.

The emails from agent Chavez show that he tried to find out what happened. But the tipster, who went by the name “Peter Williams,” refused to talk to him by telephone or meet him face to face.

Chavez contacted the tipster Aug.1, 2012, after the group Citizens for Responsibility and Ethics in Washington referred the case to the FBI. The tipster would not meet or speak by phone to CREW or to an investigative reporter, either.

“As far as the information you have provided, we have been unable to confirm most of it,” Chavez wrote on Sept. 12. “We know that you are providing accurate information.”

But it is not clear what that specific information is because Chavez was unable to interview the alleged prostitutes. Over the months, Chavez tried to meet or speak with the tipster, but had no luck.

Then, on Nov. 1, the agent wrote the tipster again and drew attention to the Daily Caller interview with the alleged prostitutes.

“I think we are at the point where you and I need to communicate over the phone so that we can move faster,” he wrote.

No luck.

Amid the suspicious circumstances of the complaints, Democrats have tried to characterize the reports about Menendez and Melgen as a right-wing smear job.

Senate Democratic leader Harry Reid refused to comment on the possibility of an FBI investigation when he was asked Tuesday about the case.

Said Reid: “Always consider the source. All anyone here has to look at is the source where this comes from.”

Tuesday night’s raid, however, shows that there is at least an investigation tied to Menendez’s longtime friend and ally.

Miami Herald Staff Writer Luisa Yanez contributed to this report.

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Facebook Graph Search Still Doesn’t Speak Human

Despite hiring a couple of linguists to get its new search engine to move “beyond ‘Robospeak” and actually understand how people talk, Facebook hasn’t actually taught Graph Search how to do that very well just yet. And that’s a problem, no matter which way the social network spins it. Unlike Google‘s pattern-matching search engine, Facebook’s new recommendation-based social search platform tries to understand full sentences. And that takes context, something that’s very hard to teach even the smartest computers, as one of the linguists that worked on the project, Amy Campbell, told The New York Times‘s Somini Sengupta. 

RELATED: Why Facebook’s Graph Search Can’t Give Users What They’re Looking for… Yet

In order to think more like a person the Graph Search team taught the engine 25 synonyms for “student” so that when someone types in “Stanford Academics that work at Facebook” the engine knows to look for “students” — 275,000 different ways in fact. But it turns out that an English class isn’t the future of machine learning: a grammar and vocabulary lesson proves a lot easier than complex sentient thoughts, and that’s where Facebook’s new product breaks down in practice.

RELATED: Why Google Isn’t Scared of Facebook’s Graph Search

For example, Graph Search doesn’t get vague pronouns. My query today for “photos Elle Reeve likes that she commented on” confuses Facebook’s beyond-robo engine. Instead, Graph Search results track down photos that my Atlantic Wire colleague “likes” but that I commented on:

RELATED: The Bad News-Good News of Tech Trademark Infringement

But Facebook’s ambiguity problem extends beyond “I” and “she.” Graph Search also has problems with double entendres, or sentences with nuance. The phrase “sports fans that like Lady Gaga play” has multiple meanings, notes the Times, especially because the word “fan” has its own special meaning on Facebook. (People with “Pages” have “fans.”) 

It’s not impossible to fix these specific issues. Facebook can add more relevant “context” to Graph Search as more people use it (beta testing rolled out over the last week). But never once has a machine perfectly understood our natural language. IBM’s Watson has come close, but it still made an embarrassing mistake every so often, and newer robots like Georgia Tech’s Simon are still getting there. Messups are okay (and entertaining) for a computer on a gameshow, or robots that might end up really helping bridge the computer-human divide. But, if I’m really going to use Graph Search as a way to find things in my day-to-day life, right now, those kind of hiccups should happen rarely to never — and Facebook’s slow phase-in excuse isn’t cutting it. If Graph Search can’t understand what humans want, it’s simply not doing its job. 

Social Media News Headlines – Yahoo! News

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Entourage Movie Gets The Green Light From Warner Brothers

The boys are coming back!

Warner Brothers has officially given the go-ahead to the feature film sequel of HBO's hit-series Entourage, Deadline reports.

Pics: TV's 10 Most Divisive Love Triangles

According to the site, the show's creator, Doug Ellin, has already written the screenplay and will direct the movie. The studio is reportedly in the process of making deals with principal cast members Adrian Grenier, Jeremy Piven, Kevin Dillon, Jerry Ferrara and Kevin Connolly.

As of yet, there is no date set for filming to begin.

Video-- Emmy Flashback: Jeremy Piven '07

Entourage ran for eight seasons (2004-2011), earning six Primetime Emmys and one Golden Globe.

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Cop killer’s death threat: Lamont Pride and pal brutalized me, pusher says

He had murder on his mind.

The brutal thug on trial in the murder of a Brooklyn cop threatened to kill a small-time drug peddler he held up for cash and “bling-bling” during the botched robbery that led to the officer’s death, the dealer testified yesterday.

Lamont Pride, 28, is on trial for shooting decorated NYPD cop Peter Figoski in the face during the 2011 East New York robbery. Pride and another crook allegedly assaulted the dealer and brandished guns to force him to cough up his cash.

“They told me to give them the money and the drugs and the bling-bling,” pot dealer José Hernandez, 27, said through a translator.

Lamont Pride

Photos: Gregory P. Mango

I WAS TARGET: José Hernandez (above) yesterday testified that Lamont Pride beat him.

“He said that after they got the money and the bling-bling they were going to kill me.”

Prosecutors previously said Pride racked his 9mm semiautomatic handgun when the carload of thugs parked outside the Pine Street apartment — further evidence the killer was prepared to use his gun.

Hernandez, who grinned and joked throughout his testimony, said he spent the evening at a friend’s home smoking pot and playing video games before returning home and passing out.

The dealer also testified that the masked Pride and the other crook, Kevin Santos, identified themselves as police when they first broke in.

Pride and Santos ransacked the apartment looking for his $1,000 in cash and the $800 in marijuana Hernandez kept in a small refrigerator in his bedroom. Pride hit Hernandez twice and he bled heavily while he lay on the floor, the dealer testified.

“After you were down on the ground and the black guy was standing on your hands, he hit you again?” asked Brooklyn Assistant District Attorney Howard Jackson.

“Yes,” said Hernandez, who said he later received 12 stitches.

Hernandez testified that his attackers disappeared shortly before cops arrived — prosecutors say that’s when Pride and Santos hid in a boiler room — and that he heard a gunshot after the uniformed cops had arrived.

A criminalist for the medical examiner testified that Pride’s DNA was found on the gun used to kill Figoski.

“We were able to determine that Lamont Pride is the source of the sample taken from the handle,” Jaheida Perez testified. “We would expect to find this profile once in 150 planets of our size.”

jsaul@nypost.com

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Tablets take their screen tests

Screen quality is critical to a great tablet, and in 2012 we saw the quality of tablet screens advance in leaps and bounds, especially in terms of clarity. Here are our favorites.

Barnes & Noble Nook HD

Rating: 3.5 stars out of 5 (Very good)

The good: A light, comfortable design with a sharp screen and a well-implemented user profiles feature. Books, videos and magazines look great and the microSD slot takes some of the sting out of the lack of internal storage.

The bad: App, movie, TV show and game options are thin and there’s no native music service. It’s missing some typical tablet features and 8GB is low for the price. Fingerprints easily sully the screen.

The cost: $199

The bottom line: The Barnes & Noble Nook HD can’t match competing tablets in media library breadth, but as long as you’re not looking for bells and whistles, its sharp screen and comfortable body make it an ideal tablet choice for books and magazines.

Asus Transformer Pad Infinity TF700

Rating: 4 stars out of 5 (Excellent)

The good: High-resolution screen rivals the new iPad’s display in sharpness and clarity. Also, apps launch quickly, GPS works well and its rear camera is the best we’ve seen on any Android tablet. The tablet’s body has the same great thin and light design as the Prime.

The bad: So far, not enough Android apps take advantage of the TF700’s higher pixel count. Also, its battery life isn’t as good as the Prime’s.

The cost: $479.88 to $590.37

The bottom line: The Asus Transformer Pad Infinity TF700 is one of the fastest Android tablets out there, combining an already proven design with a better camera, a faster processor, and a beautiful screen.

Google Nexus 10

Rating: 4 stars out of 5 (Excellent)

The good: A beautifully sharp screen is light, durable and has the fastest processor of any Android tablet. Photo Sphere is an incredibly cool concept. Google’s content ecosystem is only getting better.

The bad: The included charger isn’t fast enough to power the battery while playing a game; even while idle, it charges painfully slowly. There’s no storage expansion option, and apps that take full advantage of the screen are currently few and far between. Navigation isn’t quite as smooth as on the Nexus 7.

The cost: $399

The bottom line: The Nexus 10’s superior design and swift performance make it one of the best Android tablets to date. We expect post-launch updates from Google to make it even better.

Apple iPad (fourth generation)

Rating: 4.5 stars out of 5 (Outstanding)

The good: A6X processor adds extra system speed and graphics power. Improved worldwide cellular compatibility makes the LTE model a more appealing proposition. And the iOS App Store remains best in class, with the widest selection.

The bad: The fourth-gen iPad is otherwise identical to its recent predecessor — same size, weight and Retina Display screen. It’s heavy to hold in one hand, and most older accessories won’t work without investing in a pricey Lightning adapter.

The cost: $499 to $539.99

The bottom line: The latest iPad adds several tweaks and improvements to secure its position at the top of the tablet heap. It’s better all around, but third-gen owners don’t need to upgrade.

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Lauderhill police investigating homicide, searching for suspect

Lauderhill police Monday night were investigating an apparent homicide.

Details were sketchy, but police said just before 9 p.m. a woman was shot and killed in the 2800 block of Northwest 55th Avenue.

The victim was dead at the scene.

K-9 units were in the area searching for a possible suspect.

This article will be updated as more details are available.

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Yahoo sees revenue climb this year, but long road ahead

(Reuters) – Yahoo Inc forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive Marissa Mayer warned it would be a long journey to revive the Internet company‘s fortunes.

In Yahoo‘s first financial outlook since Mayer became CEO in July, the company outlined a plan to trigger a “chain reaction of growth” by overhauling a dozen of its online services to increase the amount of time users spent on its websites.

It also pointed to strength in its search advertising business and progress made in improving its internal operations.

Yahoo’s shares were 3 percent higher in after hours trade after the revenue projection was disclosed during an analysts conference call, shedding some ground after earlier rising as much as 4.5 percent.

But weakness in Yahoo’s display ad business, which accounts for roughly 40 percent of the company’s total revenue, caught some analysts by surprise.

“While the road to growth is certain, it will not be immediate,” said Mayer, a former Google Inc executive and Yahoo’s third full-time CEO since September 2011.

Yahoo said that revenue, excluding fees it pays to partner websites, will range between $ 4.5 billion and $ 4.6 billion in 2013, implying an annual growth rate of 0.7 percent to 3 percent.

Finance Chief Ken Goldman also warned investors to expect “an investment phase” in the first half of the year, which he said would impact profit margins.

“What was clear from the call is that this is a long-term turnaround story,” said Macquarie Research analyst Ben Schachter. “We shouldn’t expect anything to just snap back and correct itself.”

During the fourth quarter, Yahoo’s net revenue increased 4 percent year-on-year to $ 1.22 billion, as search advertising sales offset a 10 percent decline in the number of display ads sold on Yahoo’s core properties.

Mayer said the decline was the result of less activity by visitors to its popular websites, such as its Web email service, and to a lesser extent due to users accessing the Web on smartphones, where Yahoo’s ad business is not as strong.

Efforts to revamp its mobile properties, begun last year with a redesign of the photo-sharing service Flickr, remain on track, said Mayer, noting that Yahoo now has 200 million monthly mobile users.

“From a monetization perspective this is still a very nascent source of revenue for us. With any platform shift, revenue always followed users and mobile will be no different,” she said.

Mayer took over after a tumultuous period at Yahoo in which former CEO Scott Thompson resigned after less than 6 months on the job over a controversy about his academic credentials and in which Yahoo co-founder Jerry Yang resigned from the board and cut his ties with the company.

Yahoo’s stock has risen roughly 30 percent since Mayer took the helm, reaching its highest levels since 2008.

Part of the stock’s rise has been driven by significant stock buybacks, using proceeds from a $ 7.6 billion deal to sell half of its 40 percent stake in Chinese Internet company Alibaba Group, said Sameet Sinha, an analyst with B. Riley Caris.

Yahoo said it repurchased $ 1.5 billion worth of shares during the fourth quarter.

The company’s fourth-quarter net income was $ 272.3 million, or 23 cents per share, versus $ 295.6 million, or 24 cents per share in the year-ago period.

Excluding certain items, Yahoo said it had earnings per share of 32 cents, versus the average analyst expectation of 28 cents according to Thomson Reuters I/B/E/S.

For the first quarter, Yahoo said it expects revenue, excluding partner website fees, of $ 1.07 billion to $ 1.1 billion, trailing the $ 1.1 billion that Wall Street analysts expect on average.

Shares of Yahoo were up 59 cents at $ 20.90 in after-hours trading on Monday.

(Reporting by Alexei Oreskovic; Editing by Phil Berlowitz and Edwina Gibbs)

Tech News Headlines – Yahoo! News

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Oprah Winfrey Fashion Flashback

She can afford the best stylist money can buy, but that's not to say Oprah Winfrey hasn't had her fair share of fashion misses (along with a great deal of hits) over her extensive career. 

Pics: Two Looks, One Star!

Join us as we look back at Lady O's changing styles through the years!

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Ex-NYCiSchool principal in Regents test cheat

The former principal of the high-performing NYCiSchool improperly allowed one of her teachers to re-grade and raise scores on high school Regents exams, school investigators found.

She was among nearly 100 educators — including 17 principals, 61 teachers, seven assistant principals and nine other staffers — who have been implicated in cheating probes by the city Department of Education since 2006, according to documents obtained under a Freedom of Information Act filing.

It took the Department of Education nearly 18 months to comply with The Post’s request for cheating cases confirmed by its internal investigative arm, the Office of Special Investigations — in violation of the rules governing public access to documents.

Among the recent cases, NYCiSchool principal Alisa Berger let teacher Susan Herzog re-grade the June 2010 Living Environment Regents exam by herself after they had already been graded.

Herzog said she raised the scores given to students for certain questions after clarifying proper procedures with the State Education Department.

Berger told The Post that student scores were both raised and lowered, but that no students’ grade was changed from failing to passing.

“Did I make a procedural mistake? I did. Was it cheating? Absolutely not,” said Berger, who unrelatedly left the downtown school last year.

Among the biggest cases of cheating, teachers at Hillcrest HS in Queens were found to have bumped up the scores of 255 students on the English Regents exams back in 2006.

The case was never made public and no teachers were punished because the re-scoring practice, known as “scrubbing,” wasn’t technically prohibited.

In another case, Manhattan teacher Iris Ventura helped several classrooms of 8th graders with the state’s high-stakes math exams — at the request of MS 322 principal Erica Zigelman, investigators found.

Despite the DOE’s stated no tolerance policy for cheating, they were both let off with letters of reprimand.

In 2011, Ventura was caught cheating again — this time telling four 7th graders to check their answers on the state math exams, probers found.

She was again let off with a letter in her file, and has since resigned, according to the DOE.

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