Starting tomorrow, I’m going to be potentially out of touch for a few days. Too cheap to buy a month of mobile broadband for a week, and I have no idea if there even is wifi coverage available. The blogs and FB Author page allow scheduling in advance, so I’m taking advantage of it. My …
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Mortgage Markets and Providers
There are actually several distinct marketplaces consumers can obtain their funds from, and several types of providers. John the wealthy highly salaried person with great credit and a substantial down payment should not and usually does not obtain his mortgage from the same funds providers as his twin brother Jim, the self-employed, always-broke person with …
Fixing Kelo – a proposal
My mind wouldn’t let me leave this topic alone. I got to thinking about how to fix this. I think Congress could do fix this tomorrow. Simple Public Law. The Congress of the United States, wishing to discourage abuse of eminent domain, henceforth enacts into law:
Cold Hard Numbers
When the Kelo decision was rendered in 2005, I had just recently attended a talk by Gregory Smith, then county assessor, on the future of home values in San Diego. Historical text: He expects prices to continue to rise by 5-10% per year, citing scarcity as the reason. Basically, too few homes are being built, …
The Ultimate Consumer Horror Story
Every so often, I get a call out of the blue that starts something like this “Hello, I’m shopping for a mortgage. Just tell me your lowest rate.” I try to do the ethical thing, finding out on what sort of loan and all of the ancillary information that would actually make this useful information. …
Why “Searchlight Crusade”
I believe, and have for many years, that where a rule of law is operative, the most effective weapon to use upon those who are abusers of what sort or another is to shed light upon their doings. Indeed, I have long thought that this is the best indicator of the strength of the rule …
The Best Suggestion About Applying For A Mortgage
This is unfortunately, an obsolete article. Nobody can accommodate doing backup loans any longer. Any loan quote is worthless unless locked, and the penalties to mortgage personnel for failing to deliver pretty much every loan you lock have become too large. It’s here for historical purposes. Back when originally written (June 2005), it was a …
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Mortgages: General Concerns
A mortgage is basically pledging an asset that you own as collateral for a debt. If you default on the debt, the lender takes your property. When you’re talking about real estate in the state of California (and many others), this is generally accomplished by use of a Deed of Trust. There are three parties …
Contents Policy
I’m have and will continue to spend a lot of effort to keep this site as civil as possible. While the use of profanity is not going to be banned outright, it will be heavily scrutinized and discouraged. In either posts or comments, the challenge will be to speak to the issues of the argument …
Previous software hacked
My previous software was attacked, and tried to send out 52,000 emails. Evidently, that version cannot be made secure, and upgrading to an upgraded edition is prohibitively expensive. I’ll be replacing the articles as I get the chance, a process that is unfortunately largely manual.