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....
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