Information for Pittsburgh, Pennsylvania
Pennsylvania, seat (1788) of Allegheny county, southwestern Pennsylvania, U.S. The city is located at theconfluenceof the Allegheny and Monongahela rivers, which unite at the point of the 'Golden Triangle' (the business district) to form the Ohio River. A city of hills, parks, and valleys, it is the centre of an urban industrial complex that includes the surrounding cities of Aliquippa (northwest), New Kensington (northeast), McKeesport (southeast), and Washington (southwest) and the borough of Wilkinsburg (east). Inc. borough, 1794; city, 1816. Area city, 58 square miles (150 square km). Pop. (2000) 334, 563; Pittsburgh Metro Area, 2, 431, 087; (2010) 305, 704; Pittsburgh Metro Area, 2, 356, 285.Downtown Pittsburgh, Pennsylvania, U.S.; Fort Pitt Bridge (centre foreground) spans the Monongahela � Joseph Sohm - ChromoSohm Inc./Corbis HistoryAlgonquian- and Iroquoian-speaking peoples were early inhabitants of the region. The conflict between the British and French over territorial claims in the area was settled in 1758 when General John Forbes and his British and colonial army expelled the French from Fort Duquesne (built 1754). Forbes named the site for the British statesman William Pitt the Elder. The British built Fort Pitt (1761) to ensure their dominance at the source of the Ohio. Settlers began arriving after Native American forces led by Ottawa chief Pontiac were defeated in 1763; an agreement subsequently was made between Native American groups and the Penn family, and a boundary dispute was ended between Pennsylvania and Virginia. Pittsburgh was laid out (1764) by John Campbell in the area around the fort (now the Golden Triangle). Following the American Revolution, the town became an outfitting point for settlers traveling westward down the Ohio River.Pittsburgh's strategic location and wealth of natural resources spurred its commercial and industrial growth in the 19th century. A blast furnace, erected by George Anschutz about 1792, was the forerunner of the iron and steel industry that for more than a century was the city's economic mainstay; by 1850 Pittsburgh was known as the 'Iron City.' The Pennsylvania Canal and the Portage Railroad, both completed in 1834, opened vital markets for trade and shipping. The city suffered a great loss in 1845 when some 24 blocks of businesses, homes, churches, and other buildings were destroyed by fire.View of the Great Fire of Pittsburgh , oil on canvas by William C. Wall, 1846; in the � Photograph by Moira Burke. Carnegie Museum of Art, Pittsburgh, Penn., bequest of Charles J. Rosenbloom, 74.7.28Bessemer converters in operation at a steel mill, 1886, Pittsburgh, Pennsylvania, U.S. Library of Congress, Washington, D.C. After the American Civil War, great numbers of European immigrants swelled Pittsburgh's population, and industrial magnates such as Andrew Carnegie, Henry Clay Frick, and Thomas Mellon built their steel empires there. The city became the focus of historic friction between labour and management, and the American Federation of Labor was born there in 1881.By 1900 the city's population had reached 321, 616. Growth continued nearly unabated through World War II, the war years bringing a particularly great boon for the economy. The population crested at more than 675, 000 in 1950, after which it steadily declined; by the end of the century, it had returned almost to the 1900 level. Most citizens were still of European ancestry, but the growing African American proportion of the population exceeded one-fourth. During the period of economic and population growth, Pittsburgh had come to epitomize the grimy, polluted industrial city. After the war, however, the city undertook an extensive redevelopment program that emphasized smoke-pollution control, flood prevention, and sewage disposal. In 1957 it became the first American city to generate electricity by nuclear power. Map of Pittsburgh, Pennsylvania, U.S. ( c.1900), from the 10th edition of � Encyclopaedia Britannica, Inc. The contemporary city Test Your KnowledgeThe Bitter TruthBy the late 1970s and early '80s, the steel industry had virtually disappeared - a result of foreign competition and decreased demand. Many of the surrounding mill towns were laid to waste by unemployment. Pittsburgh, however, successfully diversified its economy through more emphasis on light industries - though metalworking, chemicals, and plastics remained important - and on such high-technology industries as computer software, industrial automation (robotics), and biomedical and environmental technologies. Numerous industrial research laboratories were established in the area, and the service sector became increasingly important. Pittsburgh long has been one of the nation's largest inland ports, and it remains a leading transportation centre. Britannica Stories In The News / GeographyColossal Statue of Ramses II ('Ozymandias') Discovered in CairoDemystified / ScienceIs Climate Change Real?Spotlight / HistoryThe Legacy of Order 9066 and Japanese American InternmentIn The News / ScienceMore Evidence of Neanderthal Lifestyles Much of the Golden Triangle has been rebuilt and includes the Mellon Arena, Point State Park (containing Fort Pitt Blockhouse and Fort Pitt Museum), the Gateway Center (site of several skyscrapers and a garden), and the David L. Lawrence Convention Center. The University of Pittsburgh was chartered in 1787. Other educational institutions include Carnegie Mellon (1900), Duquesne (1878), and Point Park (1960) universities, Chatham (1869) and Carlow (1929) colleges, and two campuses of theCommunityCollege of Allegheny County (1966). Student Union, Duquesne University, Pittsburgh. Alekjds Central to the city's cultural life is the Carnegie Museums of Pittsburgh (formerly Carnegie Institute), an umbrella organization consisting of a number of institutions. Its museums include those for the fine arts and natural history (both founded in 1895), the Carnegie Science Center (1991), which now also houses the Henry Buhl, Jr., Planetarium and Observatory (1939), and the Andy Warhol Museum (1994), which exhibits the works of the Pittsburgh-born artist and filmmaker. Other institutionsaffiliatedwith the organization are the Carnegie Library of Pittsburgh, which contains more than 3.3 million volumes, and the Carnegie Music Hall. The Pittsburgh Symphony Orchestra performs at Heinz Hall, a restored movie theatre. Carnegie Library of Pittsburgh, Pennsylvania, U.S., in 1901. Library of Congress, Washington, D.C. Phipps Conservatory and Botanical Gardens (1893) is noted for its extensive greenhouses, covering 2.5 acres (1 hectare). The city's zoo, in the northeastern Highland Park neighbourhood, includes an aquarium. Two new sportsvenuesopened in 2001 on the north bank of the Allegheny opposite the Golden Triangle:PNC Park is home of the Pirates, the city's professional baseball team, and Heinz Field houses the Steelers, its professional gridiron football team. The Penguins, Pittsburgh's professional ice hockey team, were scheduled to begin play in Consol Energy Center at the start of the 2010 - 11 season. Popular summertime attractions include riverboat excursions on Pittsburgh's waterways and Kennywood, an amusement park southeast of the city in West Mifflin.
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Pittsburgh - How Quick Home Sales Work: Call Now Articles
The one reality about today's housing market is that many people have more questions than answers. The following information is intended to help you or someone you know better understand your situation.
Do I Qualify For A Short Sale?
The qualifications for a short sale include any or all of the following:
Financial Hardship - There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall - You have more month than money. A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
What Is A Mortgage Modification?
A mortgage modification is a process through which your mortgage lender changes any or all of the following:
Your interest rate
Your principal balance (through a reduction)
Your loan terms (example: from an adjustable to a fixed rate)
This process can allow borrowers to stay in their property when they can no longer afford their current mortgage payments.
Why Would A Lender Modify My Mortgage?
Lenders have realized that in some cases it is better for them to work with current borrowers to lower payments or possibly improve terms in order to keep homeowners in their properties. The average foreclosure can cost a lender from 35-50% of the value of a property, so keeping borrowers in their homes is a good option for everyone.
What Do I Need To Qualify For A Mortgage Modification?
According to the Making Home Affordable Web site (http://MakingHomeAffordable.gov), you will need the following information for your lender to consider a modification:
Information about your first mortgage, such as your monthly mortgage statement
Information about any second mortgage or home equity line of credit on the house
Account balances and minimum monthly payments due on all of your credit cards
Account balances and monthly payments on all your other debts such as student loans and car loans
Your most recent income tax return
Information about your savings and other assets
Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources
If applicable, it may also be helpful to have a letter describing any circumstances that caused your income reduce or expenses to increase (job loss, divorce, illness, etc.)
How Do I Qualify For A Mortgage Modification?
The first call you make should be to your lender, have the information above ready to discuss with them and call your customer service line to ask them what options you have available. If the person you speak with does not understand what you are asking, you can ask to be referred to one of the following departments (different lenders have different names for these departments):
Prior to contacting your mortgage lender you can quickly complete an eligibility test at http://MakingHomeAffordable.gov. This test will let you know if you are eligible for a modification through the government-sponsored Home Affordability and Stability Program (HASP).
For a list of mortgage lenders and servicers, visit www.HopeNow.com.
What Is A Home Affordable Refinance?
If Fannie Mae or Freddie Mac owns your mortgage, you may be eligible for a Home Affordable Refinance. This will allow you to refinance your home and often lower your payments.
What If I Don't Qualify, Can't Afford My Home, And Owe More Than It's Worth?
You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not work with you to reduce your payment, you may want to consider a short sale. Agents with the 'Certified Distressed Property Expert' Designation have undergone extensive training in how to process and negotiate short sales.
A short sale allows you to sell your home for less than what you owe and avoid foreclosure. Speak to your market expert to see if you may qualify.
What Are The Qualifications For A Home Affordable Refinance?
According to the resources released by the government, following are a list of qualifications:
You are the owner occupant of a one- to four-unit home
The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (see Useful Links)
At the time you apply, you are current on your mortgage payments (you haven't been more than 30 days late on your mortgage payment in the last 12 months, or if you have had the loan for less than 12 months, you have never missed a payment)
You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house
You have income sufficient to support the new mortgage payments, and the refinance improves the long-term affordability or stability of your loan.
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