Friday, February 29, 2008
Mastering the Art of Dontopedalogy
To some it's just a matter of keeping one's mouth shut. To us who know better, it's an unachievable goal. If any claims to be the master.....take a gander at my ramblings from time to time.
Thursday, February 28, 2008
Monday, February 25, 2008
Bank Iacocca Poised to Rob America!
"People want economy and they will pay any price to get it. " Lee Iacocca
Today while going thru my e-mail, I noticed a message containing a newsletter from Biggerpockets. I thought to myself how pleasantly surprised I was when I received a phone call and a chat from Joshua this weekend. By the way, if you are involve with real estate, mortgages, investing or property management and are not a member of Biggerpockets I highly recommend that you join. It is the premier real estate online community. Anyway, I found the following items in the newsletter rather interesting and wanted to comment.......
The House Committee on Oversight and Government Reform will scrutinize the compensation and retirement packages of one chief executive and two recently deposed CEOs of companies ensnared in the mortgage crisis. The witness list includes: Angelo Mozilo of Countrywide Financial Corp., the nation's largest mortgage lender; Stanley O'Neal, formerly of Merrill Lynch & Co.; and Charles Prince, formerly of Citigroup Inc.
On another note.... Bank Iacocca is proposing that American Tax payers subsidize it's bad debt via the formation of The Federal Homeowners Preservation Corporation. Everyone in the industry knew that B of A needed to buy a clue when it came to Sub-Prime Financing. So, what did they do instead? They made bad loans to Countrywide then bought the doggon kit and kabodle. Unbelievable!
Those of us who have been in the industry for any length of time are personally acquainted with the underhanded tactics used by Countrywide. They were known to manipulate and steer potential buyers. They inflated appraisals and property values. They stole commissions from their own in house staff who in turn stole deals and sold them to the highest bidding non-affiliate Broker.
During the beginning of the end Countrywide informed it's department that worked on re-fi leads generated by credit inquiries, that they would have to continue making the same amount of bricks without Countrywide's supply of hay and mortar. Countrywide allowed them to work the trash while housing the good deals.
This deal that Bank Iacocca is proposing just does not give me that warm fuzzy feeling. Read More....
Today while going thru my e-mail, I noticed a message containing a newsletter from Biggerpockets. I thought to myself how pleasantly surprised I was when I received a phone call and a chat from Joshua this weekend. By the way, if you are involve with real estate, mortgages, investing or property management and are not a member of Biggerpockets I highly recommend that you join. It is the premier real estate online community. Anyway, I found the following items in the newsletter rather interesting and wanted to comment.......
The House Committee on Oversight and Government Reform will scrutinize the compensation and retirement packages of one chief executive and two recently deposed CEOs of companies ensnared in the mortgage crisis. The witness list includes: Angelo Mozilo of Countrywide Financial Corp., the nation's largest mortgage lender; Stanley O'Neal, formerly of Merrill Lynch & Co.; and Charles Prince, formerly of Citigroup Inc.
What does scrutinize mean?
On another note.... Bank Iacocca is proposing that American Tax payers subsidize it's bad debt via the formation of The Federal Homeowners Preservation Corporation. Everyone in the industry knew that B of A needed to buy a clue when it came to Sub-Prime Financing. So, what did they do instead? They made bad loans to Countrywide then bought the doggon kit and kabodle. Unbelievable!
Those of us who have been in the industry for any length of time are personally acquainted with the underhanded tactics used by Countrywide. They were known to manipulate and steer potential buyers. They inflated appraisals and property values. They stole commissions from their own in house staff who in turn stole deals and sold them to the highest bidding non-affiliate Broker.
During the beginning of the end Countrywide informed it's department that worked on re-fi leads generated by credit inquiries, that they would have to continue making the same amount of bricks without Countrywide's supply of hay and mortar. Countrywide allowed them to work the trash while housing the good deals.
This deal that Bank Iacocca is proposing just does not give me that warm fuzzy feeling. Read More....
Sunday, February 24, 2008
Property Management
The goal of good property management is to maximize the desired return (fiscal, social, or physical) from a real estate investment over the life of the property. The result is a clean, quiet, well-managed, well-organized (usually multifamily rental) property. This section contains information on the various aspects of property management, including physical maintenance and upkeep of the property, marketing and occupancy management, fiscal management, resident relations, personnel and staffing, and security. This page is loaded with info.....
Monday, February 18, 2008
Help!
I need comments on this thread. It's located in one of the premier Real Estate Forums on the net. Even if all you do is grab a free gift and say thanks, I'll really appreciate it. Please help, I'm trying to win a New Blackberry. I need my friends to help. You will need to join the forum but, believe me it's a great place to network.
Thanx.....
Thanx.....
Sunday, February 17, 2008
Duty first or Family?
CAMP TAJI, Iraq, Feb. 14, 2008 – A little more than two years ago, Juliana Rizzo was a real estate agent living in Long Island, N.Y., with her two children, Angelo and Amanda, when she decided it was time to fulfill her childhood dream.
Find out what she did....
Find out what she did....
Wednesday, February 13, 2008
We're Gonna Need More Monkeys
The Washington DC legal newspaper, Legal Times, is reporting that Kevin Murphy, a legislative aide to Senator Gordon Smith (R-Ore.), has recently taken a job with cable and film giant Viacom. Senator Smith, you may remember, is one of the Hill's leading proponents of the broadcast flag. Smells fishy, you say? Legal Times thinks so, too:
read more | digg story
read more | digg story
Fed Restrictions Will Further Weaken the Real Estate Market
Although lenders have engaging in amoral practices the timing of new fed restrictions on lenders should further weaken the real estate market which has already been hurt by the housing bubble in some areas and the subprime meltdown.
read more | digg story
read more | digg story
Seafood Concern
Occasionally I get a taste for a nice shrimp recipe. One of my favorites is shrimp dip. I recently discovered that one of our (U.S) fish suppliers was raising a peticuliar type of fish in the same water where it was commonly know to be a popular dumping site.
With all the concerns over imported seafood, my wife and I have become a little more finicky about imported seafood. So I have started reading the container labels and doing some studies in an effort to learn where my seafood is coming from. DUH! It's sorta like gambling.....you always do better before you learn how.....lol.
Tue Feb 12, 12:08 AM ET
WASHINGTON (AFP) - US grocery chain Trader Joe's said Monday it would stop selling food imported from China due to customers' concerns about the products' safety.
"Our customers have voiced concerns about products from this region and we have listened," Trader Joe's spokeswoman Alison Mochizuki said in a statement.
"All single ingredient food items sourced from mainland China sre scheduled to be out of our stores by April 1," she said.
"We will continue to source products from other regions until our customers feel as confident as we do about the quality and safety of Chinese products."
A series of consumer scares last year involving harmful products from major exporter China, including seafood, cat food, medicines and toys, led to mass product recalls and the tightening of US safety regulations.
Trader Joe's, which focuses partly on selling organic food, was founded in California in the 1960s.
With all the concerns over imported seafood, my wife and I have become a little more finicky about imported seafood. So I have started reading the container labels and doing some studies in an effort to learn where my seafood is coming from. DUH! It's sorta like gambling.....you always do better before you learn how.....lol.
Tue Feb 12, 12:08 AM ET
WASHINGTON (AFP) - US grocery chain Trader Joe's said Monday it would stop selling food imported from China due to customers' concerns about the products' safety.
"Our customers have voiced concerns about products from this region and we have listened," Trader Joe's spokeswoman Alison Mochizuki said in a statement.
"All single ingredient food items sourced from mainland China sre scheduled to be out of our stores by April 1," she said.
"We will continue to source products from other regions until our customers feel as confident as we do about the quality and safety of Chinese products."
A series of consumer scares last year involving harmful products from major exporter China, including seafood, cat food, medicines and toys, led to mass product recalls and the tightening of US safety regulations.
Trader Joe's, which focuses partly on selling organic food, was founded in California in the 1960s.
Sunday, February 10, 2008
Quick Paying Affiliate Progam!
As many of you know, I'm constantly bombarded with requests to try different affiliate programs. Many of them end up being scams and I eventually have to remove their links from my pages due to lack of activity or redirecting credit. Now that my personal domain sites are starting to get higher ranking, I'm a little more particular about which programs I recommend. So here's one that I do. You'll find it posted on my Newsletter page. ClixGalore generates cash quick and deposits money into your PayPal account Hassle-Free. Check it out!
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clixGalores Merchant & Affiliate Referral Commission Program" src="http://www.is1.clixgalore.com/cgd.aspx?BID=37137&AfID=161825&AdID=26" width=120 border=0>
Friday, February 8, 2008
BIG BUSINESS IN FORECLOSURES
Foreclosed-upon homes, even ones needing repair, can be a promising option for owner-occupant buyers Charles E. Findlay, owner, Loan Experts LLC As published in Scotsman Guide's Residential Edition, February 2008.
Investors have been in the market for rehabilitating properties for years now. New buyers have entered the rehab market of late, however, and they are not in it merely for fun or profit. These buyers are looking at foreclosed-upon homes, even ones that need fixing up, to move into themselves.
Read entire article.......
Investors have been in the market for rehabilitating properties for years now. New buyers have entered the rehab market of late, however, and they are not in it merely for fun or profit. These buyers are looking at foreclosed-upon homes, even ones that need fixing up, to move into themselves.
Read entire article.......
Thursday, February 7, 2008
WHAT MIDDLE CLASS?
In "Living Large," Drew Carey and reason.tv examine the plight of the American middle class. What do they find? Read more.....
Saturday, February 2, 2008
New Mortgage Product
It's strange how the Puppet Masters control the populace. Oh, excuse me...that's a topic on another Blog. Anyway, I have a new Mortgage Product that I would like to give you a little bit of Mortgage Information
about. It made me think about one of the discussions in a recent class where the instructor informed us how the population is minipulated by the higher ups. He was quite the comic. He said that most of society is viewed like cattle. He had a favorite way of ending his sentences ... MOOOOO! Anyway this new product that I have is designed to promote home purchases in rural areas. Take a quick look at this overview. The link is a splash page that I send out to my realtor base. Here's a Special Temporary Link to Tim my "WannaNetwork Friend". All I ask to leave me a comment on the Blog tellin me you got it so that I can take it down. Don't want my Houston Competition to learn my secrets. Ha.....
about. It made me think about one of the discussions in a recent class where the instructor informed us how the population is minipulated by the higher ups. He was quite the comic. He said that most of society is viewed like cattle. He had a favorite way of ending his sentences ... MOOOOO! Anyway this new product that I have is designed to promote home purchases in rural areas. Take a quick look at this overview. The link is a splash page that I send out to my realtor base. Here's a Special Temporary Link to Tim my "WannaNetwork Friend". All I ask to leave me a comment on the Blog tellin me you got it so that I can take it down. Don't want my Houston Competition to learn my secrets. Ha.....
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