When you have more than one loan on your property, there are some issues you should be aware of. Keep in mind the fact that some states still use the mortgage system, requiring court action to foreclose, as opposed to Deed of Trust, which does not. For practical purposes they are similar, yet I have …
Continue reading “Second Trust Deeds and Loan Subordination”
My article on Option ARM and Pick a Pay – Negative Amortization Loans is one of my most popular. It’s number one for multiple search engines and several ways of running the search. If I don’t get at least 20 hits a day on it, it must be a sign that the public has caught …
Continue reading “Negative Amortization Loans – More Unfortunate Details”
One reason to check your referral logs every day: Sometimes you can find great material for an article. I got one about the three day right of rescission. This is a feature (or bug, depending upon your situation) with every refinance on a home that is a primary residence. The reason it exists is that …
The question of where anyone’s priorities are begs the question of “Where do your loyalties lie?” I am loyal first to the long term good of humanity. I want as many people as possible to live the best lives possible. I realize that this makes me sound like some sort of socialist or communist. Nothing …
As of July 1, 2005, mortgage providers have to have explicit written authorization to run credit. I am not certain of the political forces that made this bill, and it is still not clear to me whether this extends to non-mortgage credit providers. If it does, this is probably one of the niftiest consumer protection …
I was approached by these folks a few weeks ago via email. I attempted to get them to write up the experience themselves (and I would still like you to if you’re reading this), but I wanted to write something about this before I completely forgot about it. This whole exchange is indicative of games …
It seems I can’t hardly turn around in the investment world without a paean to Jack Bogle, who preaches the advantage of the index fund. Mr. Bogle’s reasoning goes something like this: Looking at the world of mutual funds, relatively few funds beat the S&P 500 Index, so why not just buy the whole S&P …
Been reading some of your informative tips. I am looking at refinancing and getting a $378000 mortgage. Now in the case of having a 3 yr prepay penalty, vs paying 1.5% in points to make it a 1 yr prepay, am i right in assuming it’s wiser for me to pay the points than accept …
Sometimes spam makes writing an article all too easy. Here is a piece of spam I got today because my email at work contains “realestate.com”, with identifying information taken out. This goes to show that the financial ignorance of most mortgage providers is astounding. Thank you for your interest in the X Broker Program. Our …
This woman made herself a victim stayed in a hotel for 7 weeks looking for my “Dream Home.” And, when I found it, even though it wasn’t in my price range, I knew I would do anything I could to get it. I was vulnerable, emotional and became a victim. Actually, that is not quite …
Continue reading “Not Becoming a Victim of Bad Real Estate Practice”
