tag:searchlightcrusade.net,2024:/mt//feed/related party 2024-05-06T19:25:47Z Movable Type 4.21-en 58 1 58 tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2465 2024-02-05T15:00:00Z 2024-02-05T17:39:19Z Dan Melson http://www.searchlightcrusade.net/ In an attempt to debunk some of the slanders that are floating around out there, this article is an itemization of how lenders and brokers make money on loans. The first method is obvious: Origination or discount points charged to... tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2455 2023-11-20T15:00:00Z 2023-11-20T13:14:56Z Dan Melson http://www.searchlightcrusade.net/ We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name... tag:www.searchlightcrusade.net,2011://3.5041 2023-05-16T14:00:00Z 2023-05-16T14:42:06Z Dan Melson http://www.searchlightcrusade.net/ Hard as it may be to believe, I've never done an article comparing asking price to sales price. It's way past time. Asking price is quite simply, a written representation of an offer the seller would be willing to... 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:gockel.hmdnsgroup.com,2007:/~searchli//3.2892 2021-09-20T14:00:00Z 2021-09-20T16:42:41Z Dan Melson http://www.searchlightcrusade.net/ A search I just noticed asked the question "Who gets the deposit if escrow falls through?" The theory of the deposit is that here is an amount of cash that the buyer is putting up as evidence of their ability... tag:www.searchlightcrusade.net,2010://3.5010 2021-09-11T14:00:00Z 2021-09-11T14:19:17Z Dan Melson http://www.searchlightcrusade.net/ Since May 1, 2009, we've been having problems with appraisals like never before. It's an interesting case study how the attorney general of one state used threats to blackmail a nationwide industry, installed personal controls and opportunities for graft into... tag:gockel.hmdnsgroup.com,2007:/~searchli//3.2700 2021-03-26T14:00:00Z 2021-03-26T11:42:40Z Dan Melson http://www.searchlightcrusade.net/ The inspiration for this article came when I checked my referral logs and found an article where somebody was essentially saying "If you want to be depressed, go read this site and then go rent somewhere for the rest of... tag:www.searchlightcrusade.net,2008://3.4307 2021-03-20T14:00:00Z 2021-03-20T15:48:56Z Dan Melson http://www.searchlightcrusade.net/ This is easy. Much easier than effectively shopping for a loan or a listing agent. So easy that a congresscritter can do it. So easy that congressional leadership can do it. The only thing possibly moderately difficult to understand is... tag:www.searchlightcrusade.net,2008://3.4220 2021-02-11T15:00:00Z 2021-02-11T16:10:46Z Dan Melson http://www.searchlightcrusade.net/ First, I just got engaged, and my fiancee and I have been discussing what we want in a house after we get married. It will be the first house for both of us. She spent the last two years... tag:www.searchlightcrusade.net,2008://3.4181 2021-01-31T15:00:00Z 2021-01-31T13:57:40Z Dan Melson http://www.searchlightcrusade.net/ One of the things I see all the time is notations made on the listing that demotivate buyers agents, or give them a reason not to show the property. This practice has had a drastic fall off for a while,... tag:www.searchlightcrusade.net,2010://3.4920 2020-12-19T15:00:00Z 2020-12-19T12:17:05Z Dan Melson http://www.searchlightcrusade.net/ There have always been real estate transactions that fall apart. The reasons why they fall apart are as varied as the people who enter into the transaction in the first place. Let's get back to the very basics for... tag:www.searchlightcrusade.net,2010://3.4917 2020-12-12T15:00:00Z 2020-12-12T12:06:10Z Dan Melson http://www.searchlightcrusade.net/ The buyer's deposit is always at risk. This is just a fact of real estate transactions. I could pretend it's not so, but that wouldn't keep the deposit from being at risk - it would just make me a... tag:www.searchlightcrusade.net,2008://3.4053 2020-12-04T15:00:00Z 2020-12-04T18:40:36Z Dan Melson http://www.searchlightcrusade.net/ First of all I love the information on the site. I've done some research into buying a home and have talked to several people who have bought homes and I can never believe the stories I've heard. My response... tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2555 2020-11-13T15:00:00Z 2020-11-13T14:50:19Z Dan Melson http://www.searchlightcrusade.net/ One of the things that has a lot of issues is any transaction between related people. This is not limited to purely family transactions, but applies also to transfers among partnerships and their partners, corporations and their officers. The market... tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2526 2020-09-30T14:00:00Z 2020-09-30T13:41:51Z Dan Melson http://www.searchlightcrusade.net/ This is definitely not a "Who you gonna call?" I've done a couple articles on the two ratios, debt to income and loan to value. These are the basic and most important parts of loan qualification. Nonetheless, there exist a... tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2525 2020-09-28T14:00:00Z 2020-09-28T14:39:47Z Dan Melson http://www.searchlightcrusade.net/ Section 1031 of the IRS Code has to to with tax treatment on the exchange of one parcel of real estate for another. It's similar to Section 1035 which covers most non real estate exchanges. Car for a car. Boat... tag:gockel.hmdnsgroup.com,2006:/~searchli//3.2504 2020-09-14T14:00:00Z 2020-09-14T15:55:17Z Dan Melson http://www.searchlightcrusade.net/ I have mentioned this form several times in the past as the only form in the entire real estate loan process which is actually required to be accurate. Department of Housing and Urban development form 1, the so-called HUD 1... tag:www.searchlightcrusade.net,2009://3.4818 2009-08-05T14:00:00Z 2011-01-30T16:27:18Z Dan Melson http://www.searchlightcrusade.net/ Hard as it may be to believe, I've never done an article comparing asking price to sales price. It's way past time. Asking price is quite simply, a written representation of an offer the seller would be willing to... tag:www.searchlightcrusade.net,2009://3.4722 2009-06-01T14:00:00Z 2009-06-01T21:05:16Z Dan Melson http://www.searchlightcrusade.net/ Carnival of Personal Finance Carnival of Real Estate ********** Did Obama Target GOP Donors In Chrysler Dealer Closings? every single dealer he checked out except one were either GOP donors or donated to Obama's rivals in the democratic primary.... tag:www.searchlightcrusade.net,2009://3.4660 2009-04-28T06:30:00Z 2009-04-28T06:31:36Z Dan Melson http://www.searchlightcrusade.net/ Carnival of Personal Finance ********** The Cost of Media Bias Andrew Breitbart has more. ********** The Government Becomes a Loan Shark When I first heard rumblings in the Wall Street Journal and elsewhere that the government would not allow...