tag:searchlightcrusade.net,2024:/mt//feed/history 2024-05-19T10:03:36Z Movable Type 4.21-en 291 1 291 tag:www.searchlightcrusade.net,2023://3.5502 2023-08-28T14:00:00Z 2023-08-28T15:58:50Z Dan Melson http://www.searchlightcrusade.net/ Several people on the political left in the wake of Jacksonville (or any other shooting): Can't we please agree something needs to be done about firearms? Neither I nor any other gun rights activist I'm aware of has a problem... tag:www.searchlightcrusade.net,2009://3.4831 2023-08-22T14:00:00Z 2023-08-22T15:10:03Z Dan Melson http://www.searchlightcrusade.net/ If you read the papers and the congressional record on the housing crisis, you might think yield spread is the central culprit for the entire meltdown. You would be wrong. Yield spread is a beneficial tool, offered voluntarily by lenders,... tag:www.searchlightcrusade.net,2007://3.3731 2023-08-14T14:00:00Z 2023-08-14T16:21:44Z Dan Melson http://www.searchlightcrusade.net/ Many people are unaware how profoundly lending policies influence the market for residential property and the various kinds of housing and methods of construction. So I am going to go over the various gradations in available loans for various types... tag:www.searchlightcrusade.net,2009://3.4823 2023-06-05T14:00:00Z 2023-06-05T15:41:49Z Dan Melson http://www.searchlightcrusade.net/ This article started with another one of those desperate consumer fishing calls a while ago. Loan standards have tightened since then (In my considered opinion, over-tightened and the lenders and Wall Street will figure it out within a couple years).... tag:www.searchlightcrusade.net,2009://3.4820 2023-05-22T14:00:00Z 2023-05-22T15:45:14Z Dan Melson http://www.searchlightcrusade.net/ One of a long series of emails about this horrid product: (identifying details redacted) Learn How To Make More Money Per Client ($500-$1000) In This Workshop You Will Learn Why The Most Successful Mortgage & Real Estate Professionals Across The... tag:www.searchlightcrusade.net,2009://3.4810 2023-04-10T14:00:00Z 2023-04-10T14:35:35Z Dan Melson http://www.searchlightcrusade.net/ The answer is "Yes." You don't have to lose your home in bankruptcy. I've done loans for many clients who kept their homes through bankruptcy. But they kept their mortgage payments current, or close enough to current. The condition... tag:www.searchlightcrusade.net,2007://3.3662 2022-11-01T14:00:00Z 2022-11-01T13:50:09Z Dan Melson http://www.searchlightcrusade.net/ I am an adamant believer in the Non-exclusive Buyer's Agency Agreement. In practical terms, as opposed to the Exclusive Buyer's Agency Agreement, it is so much to the advantage of the consumer that it isn't funny, and it doesn't usually... tag:www.searchlightcrusade.net,2009://3.3837 2022-05-30T14:00:00Z 2022-05-30T15:03:23Z Dan Melson http://www.searchlightcrusade.net/ I recently got an email from a reader that was coming into a property as I left. I dropped my card and we did the lockbox shuffle thing, then there was an email when I got back to the... tag:www.searchlightcrusade.net,2022://3.5432 2022-05-27T23:08:25Z 2022-05-27T23:12:16Z Dan Melson http://www.searchlightcrusade.net/ Want to think about gun control instead of emoting? Tell me what law we can pass that someone determined to commit mass murder will follow. Tell me how you're going to keep guns - any gun - out of the... tag:www.searchlightcrusade.net,2009://3.4738 2022-03-28T14:00:00Z 2022-03-28T15:06:13Z Dan Melson http://www.searchlightcrusade.net/ Here are the facts of the situation, whether you're talking about San Diego or Manhattan, the Bay Area, Los Angeles, or any of the other densely packed, high cost areas where all the employment and career opportunities are. Fact 1:... tag:www.searchlightcrusade.net,2007://3.3570 2022-03-14T14:00:00Z 2022-03-14T12:47:46Z Dan Melson http://www.searchlightcrusade.net/ Legally, immediately. This also applies to refinance loans. With that said, there are economic reasons why it may not be a good idea for you to refinance. If you have a prepayment penalty, you're going to have to save a... tag:www.searchlightcrusade.net,2009://3.4732 2022-02-21T15:00:00Z 2022-02-21T17:10:27Z Dan Melson http://www.searchlightcrusade.net/ This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200... tag:www.searchlightcrusade.net,2007://3.3549 2022-02-14T15:00:00Z 2022-02-14T19:01:34Z Dan Melson http://www.searchlightcrusade.net/ On a regular basis, I get emails that ask me what I think of a particular company. When I check out public forums, I see questions about particular companies every time. "What do you think of X Realty, or Y... tag:www.searchlightcrusade.net,2007://3.3517 2021-10-25T14:00:00Z 2021-10-25T12:04:19Z Dan Melson http://www.searchlightcrusade.net/ pfadvice talks about debunking a money myth and perpetuates one of his own. He took issue with someone refinancing to lower their monthly payment, insisting instead that the term of the loan was all important. His point is understandable in... tag:www.searchlightcrusade.net,2009://3.4735 2021-10-22T14:00:00Z 2021-10-22T12:48:32Z Dan Melson http://www.searchlightcrusade.net/ How do I keep my home after filing bankruptcy. The Mortgage company wants to foreclose? I want to know if there is anyway to keep the home even after filing chapter 7 bankruptcy. I want to know if there... tag:gockel.hmdnsgroup.com,2007:/~searchli//3.2886 2021-09-14T14:00:00Z 2021-09-14T12:33:04Z Dan Melson http://www.searchlightcrusade.net/ The question every good loan officer hates is "What is your lowest rate?", usually the first thing in a phone conversation. People think that this sort of rate shopping is going to help them. The fact is that it almost... tag:gockel.hmdnsgroup.com,2007:/~searchli//3.2884 2021-09-12T14:00:00Z 2021-09-12T12:36:31Z Dan Melson http://www.searchlightcrusade.net/ "What mortgage fees can i recover after loan denial" was a search I got. The answer is basically, "None." The only thing that should be charged up front is a credit check, which costs about $20, and you should be... tag:gockel.hmdnsgroup.com,2007:/~searchli//3.2883 2021-09-10T14:00:00Z 2021-09-10T14:20:59Z Dan Melson http://www.searchlightcrusade.net/ "I am married but want to refinance my house only in my name. What do I have to do?" Refinancing in one name only is actually pretty easy, and there are at least two ways to potentially accomplish this,... tag:gockel.hmdnsgroup.com,2007:/~searchli//3.2861 2021-08-21T14:00:00Z 2021-08-21T13:44:50Z Dan Melson http://www.searchlightcrusade.net/ Every so often I get questions about loan cosigners. The main borrowers do not qualify on their own, so they get someone - most often mom and dad - to cosign. Cosigners are a different thing, or so I understand,... tag:www.searchlightcrusade.net,2010://3.5000 2021-08-11T14:00:00Z 2021-08-11T10:40:14Z Dan Melson http://www.searchlightcrusade.net/ The most common mistake in real estate (and every other aspect of financial planning, for that matter) is to assume the situation now is going to continue indefinitely. In the stock market, people chase last year's returns. They "wait for...