Search Results for risktag:searchlightcrusade.net,2024:/mt//feed/risk2024-05-03T11:45:14ZMovable Type 4.21-en5061506The Biggest Risktag:gockel.hmdnsgroup.com,2006:/~searchli//3.24752024-04-22T14:00:00Z2024-04-22T13:01:50ZDan Melsonhttp://www.searchlightcrusade.net/
If you've been around the financial planning business any length of time, you've likely run into the saying "The biggest risk is not taking one." It is endemic to all financial instruments, indeed, all investments, that return is the reward...
Lenders Adding Conditions After Loan Closingtag:www.searchlightcrusade.net,2014://3.51132024-04-08T14:00:00Z2024-04-08T16:19:05ZDan Melsonhttp://www.searchlightcrusade.net/
I love your site and you are very knowledgeable. I have one quick question for you. I bought a home, I made it through closing, I moved my family into the home. During the process I used some closing...
Buyer's Agency, Due Diligence, and the Illusion of Comitytag:www.searchlightcrusade.net,2009://3.48532024-04-01T14:00:00Z2024-04-01T12:38:30ZDan Melsonhttp://www.searchlightcrusade.net/
Somebody sent me this story via e-mail: Feeling Misled on Home Price, Buyers Sue Agent Marty Ummel feels she paid too much for her house. So do millions of other people who bought at the peak of the housing...
How Can Buyers Get the Lowest Possible Price on the Best Possible Property?tag:www.searchlightcrusade.net,2009://3.48522024-03-25T14:00:00Z2024-03-25T17:03:30ZDan Melsonhttp://www.searchlightcrusade.net/
The first piece of advice I have for buyers who want to get a fantastic bargain is to find a good buyer's agent. Nothing else will make as much difference as a good buyer's agent who is dedicated to...
Why You Shouldn't Have All Your Money In Real Estatetag:www.searchlightcrusade.net,2008://3.37892024-03-12T14:00:00Z2024-03-12T13:52:41ZDan Melsonhttp://www.searchlightcrusade.net/
Is there any problems with having all your money in only real estate? That was a question I saw. The answer is YES there are problems! 1) No diversification. The real estate market tanks and you are hosed. The...
Buying and Selling Properties with Unpermitted Additionstag:www.searchlightcrusade.net,2009://3.48472024-03-04T15:00:00Z2024-03-04T16:11:01ZDan Melsonhttp://www.searchlightcrusade.net/
Unpermitted additions are popular in California because of property tax implications. You see, due to Proposition 13 back in 1978, taxable assessments are based upon purchase price plus no more than 2% per year since acquisition (although if you...
Real Estate Agents and Mortgage Loan Officers Don't Want to Competetag:www.searchlightcrusade.net,2009://3.48452024-02-19T15:00:00Z2024-02-19T12:58:57ZDan Melsonhttp://www.searchlightcrusade.net/
It's the same reason the phone company doesn't want to compete, General Motors doesn't want to compete, Wal-Mart doesn't want to compete, Disney doesn't want to compete, and Microsoft will do everything in its power to appear as if it...
In Real Estate, You're Better Off Doing One Thing At A Timetag:www.searchlightcrusade.net,2008://3.37742024-02-12T15:00:00Z2024-02-12T16:30:00ZDan Melsonhttp://www.searchlightcrusade.net/
Hi--I just found your site today. The best I've ever seen/read, etc. Thank You!! I do have a question I didn't see addressed regarding our current situation/dilemma: Our present home, which we've lived in for 8 years, is worth...
How Loan Providers Make Moneytag:gockel.hmdnsgroup.com,2006:/~searchli//3.24652024-02-05T15:00:00Z2024-02-05T17:39:19ZDan Melsonhttp://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...
Buyer's Markets: Time for Listing Agents To Earn Their Moneytag:www.searchlightcrusade.net,2008://3.37672024-01-15T15:00:00Z2024-01-15T18:40:47ZDan Melsonhttp://www.searchlightcrusade.net/
One of the most common things I'm seeing as I roam about the East County looking for bargains: Agents not doing their jobs. Even when there were 40-plus sellers per buyer, single family detached homes that are priced appropriately were...
Low Asking Price on Unfinanceable Propertiestag:www.searchlightcrusade.net,2011://3.50442024-01-08T15:00:00Z2024-01-08T20:04:07ZDan Melsonhttp://www.searchlightcrusade.net/
At any given time, I will usually have at least one set of clients who really need to consider a condo or townhome who nonetheless have their hearts set on a single family residence. I agree to include single...
The Future of Real Estate Agency is Expert Consultants, Not Controlling Market Accesstag:www.searchlightcrusade.net,2009://3.48412024-01-01T15:00:00Z2024-01-01T17:01:17ZDan Melsonhttp://www.searchlightcrusade.net/
Expertise and attitude, not control of an informational chokepoint, is the way that things are going. Let's analyze this from both sides of the problem. The current owner looking to sell really needs a marketer. For better or worse, most...
Fear and Greed, or How Did The Housing Bubble Get So Big?tag:gockel.hmdnsgroup.com,2006:/~searchli//3.24562023-12-18T15:00:00Z2023-12-18T15:48:25ZDan Melsonhttp://www.searchlightcrusade.net/
(This was originally written February 16, 2006, but it's relevant still) One of the occasional questions I get from people has to do with why the housing bubble got so big (or if you're one of those still in denial...
Why Do Lenders Sell Mortgages?tag:www.searchlightcrusade.net,2008://3.37632023-12-12T15:00:00Z2023-12-12T16:07:11ZDan Melsonhttp://www.searchlightcrusade.net/
When and Why does a Mortgage Company Sell your Current Loan to another Mortgage Company? Lenders sell their loans because the lender can make an immediate premium of anywhere from 1.5 percent to four percent by selling your loan...
Full Service Agent For Discount Price? Demand Specifics!tag:www.searchlightcrusade.net,2009://3.48392023-11-27T15:00:00Z2023-11-27T13:22:45ZDan Melsonhttp://www.searchlightcrusade.net/
There is no such thing as a free lunch, but lots of people will pretend there is. It seems to me that many people consider compensation earned by real estate agents as paying some kind of toll. They think of...
Mortgage Loan Rate Lockstag:gockel.hmdnsgroup.com,2006:/~searchli//3.24522023-10-30T14:00:00Z2023-10-30T12:59:50ZDan Melsonhttp://www.searchlightcrusade.net/
One of the most true sayings in the mortgage business is, "If you can't lock it right now, it's not real." But many mortgage providers will play a game of wait and hope. They tell you they have a certain...
Getting Another Mortgage Loan After A Short Saletag:www.searchlightcrusade.net,2009://3.48352023-10-23T14:00:00Z2023-10-23T16:28:51ZDan Melsonhttp://www.searchlightcrusade.net/
Our home isn't worth what we owe. So say you were just an average person selling and buying a house, meaning you put your house up for sale, get a contract to purchase on it then go put in offer...
Straw Buyers and Straw Purchases are Always Fraudtag:www.searchlightcrusade.net,2007://3.37472023-10-02T14:00:00Z2023-10-02T16:14:18ZDan Melsonhttp://www.searchlightcrusade.net/
I've gotten several emails to articles recently having to do with straw buyers, and more search hits. Straw buyer fraud is popular because people want a better loan and many don't see anything wrong with it since "we intend to...
Facts Of Life On Buying and Selling "Without an Agent"tag:gockel.hmdnsgroup.com,2006:/~searchli//3.24452023-09-18T14:00:00Z2023-09-18T13:56:36ZDan Melsonhttp://www.searchlightcrusade.net/
I saw your article on on Searchlight Crusade about exclusive buyers agents and I have a couple follow up questions pertaining to my own situation that I am hoping you could shed some light on. I don't have any...
Forty and Fifty Year Mortgagestag:www.searchlightcrusade.net,2007://3.37382023-09-05T14:00:00Z2023-09-05T15:08:15ZDan Melsonhttp://www.searchlightcrusade.net/
For a while there, the forty year mortgage had started to make a comeback, and a few lenders started introducing the fifty year mortgage. The reason, straight from the horse's mouth, the lender's representatives, is lowered payments. In an uncertain...