Copeland

I was born and raised in LA California… and his home town is guadalajara, mexico…. I am so freaked out about moving there… I was planing to get my realestate license and become a broker and now it looks like my plans are going to change… this is not what i wanted… but how far does one go for love… After all is love more important that goals… someone give me some advice. or if someone has been in that city of mexico give me some feed back on how it is… I have never been to any part of mexico except baja… please HELP!!!!!

tell him that crossing the border and living and working there will make you an illegal alien…maybe all americans should do that especially since all the jobs are there.. move to mexico and become an illegal alien…..

I’am trying to veiw pictures of realestate for sale by all realestate offices on line with out being bothered by agents in northern california chico north

if you only want just pictures, I would suggest getting a webfetcher programmed, but you are looking for listings. Agents are all not bad as long as you find the right one and you are clear about your request not to be bothered. if you start looking and find a home you like, it would be a lot better for you and your success at getting a home if you were building a relationship to a realtor. I would suggest getting an e-pro realtor and making sure they have access to client gateway or virtual office software. I’m a realtor in san diego. I set people up on an automated service that will get them links for exactly the kind of property they want in a personalized website. I check in with them and make sure they’re clear on things and answer questions for them once in a while. Some of the people on my service are just like you and I have them on the service and I only talked to them 3 or 4 times in the last 8 months. that’s the way they like it, that’s the way I will do it. The other good thing is that you will be able to see the homes if you like them and not have to talk with the listing agent(the agent that is selling the property). dealing directly with them to see a house can be very annoying. they will deffinitly try and sell you.

good luck,

amir

P.S. I can help find you some one in northern california if you like. just contact me and I will even tell them that you only want photos and you don’t want to be bothered unless you want to see a house etc.

I am thinking of making a down payment of 45000 and buying a house in houston on 15 year mortgage. After 10 year when my kid goes to collecge i can sell the house and pay for college. is that a good idea?

no.

My house appriased at 110,000 2 years ago, since then we h ave completly gutted and renovated the following, master bedroom, bathroom, living room, and dining room. We have installed a secondary heating system. We have also added a 24 x 32 garage and a pool. along with replacing most of the electrical and plumbing. The best guess of what we have sunk in is between 40,000 and 50,000 just for materials. Our new appraial done last week only came in at 125,000. Can anyone explain to be how it is possible that I am not even able to recoup have of what we have put into the house. It doesnt seem to make any sense that putting that much money into improvements only yields a 15,000 increase in property value. That wont even touch what we have in the garagee alone. Should I order a second appraisal (the comps were on the other side of town) or have house values fallen that bad? The neighbors smaller house and smaller garage but similiar size lot is listed right now at 130,000.
So are you guys saying that a completly renovated 3br 2 bath house would have the same appraisal value as a non renovated 3br 2 bath?

Oh and I mentioned the neighbors house because they mentioned it to me telling me its hurting my value.

So adding a garage does not increase property value?

I am coming in late, after your additional comments.

Garages do not add $ value, although they do make selling easier.

The pool is a liability and decreases the value, as you lost land use and they are costly to operate. The pool is the reason your house is lower then your neighbors house.

You renovated the wrong things. The bathroom is good, but the kitchen would have been better then the bedrooms and the dining room. Unless you completely changed the flooring there isn’t that much to do to bedrooms.

Also, house prices were inflated 2 years ago, they have dropped to a more realistic amount in many areas of the country. I am in CA and they are 25% less then 2 years ago.

Yeah, I’ve been one in San Antonio for 14 years.

The bailout money, not the originally requested 700 billion, will purchase mortgage backed securities.

Mortgage backed securities are kind of like high paying bonds that are secured using realestate.

The person who took out the mortgage makes payments.

The person who holds the mortgage receives those payments until the mortgage is paid off.

If the mortgage payer stops paying two things can happen:

The mortgage is renegotiated.

OR

The mortgage is foreclosed on.

The preferred situation is to renegotiate the mortgage and keep the pyaer making payments.

The US government will probably make money and at the least, will not lose money on the bail out.

Who made money on the Mortgages?

The brokers who wrote them made the most money. The big corporations who underwrote or purchased the mortgages LOST money.

Scummy mortgage brokers wrote bad loans to low income people and sold them to underwriters and investors, people with IRA’s and 401K plans.

Most of these mortgage brokers were Minority Owned businesses in low income areas who sold ARM mortgages with ridiculous payment terms. The kind of people Acorn works with.

Now morons are blaming the people at the ends, the borrower and the investor and are not blaming the mortgage brokers who, along with groups like Acorn, caused the problem.
Nope chi-guy, it is the mortgage brokers fault, the upper income scum bag taking advantage of poor people and the very good record of mortgage backed securities as investments.

Not the poor guy taking out the mortgage and not the "big" corporation buying a "vetted" mortgage as an investment.

The scum bag mortgage broker who wrote the crappy mortgage.

The scum bag who might get away free unless you demand their head on a platter.
Dig deeper Lu.

Most of the bad mortgages were written in lower income housing markets.

Follow the money and you will find about 60% of the mortgages were written by minority owned businesses.

That sucks because it gives the minorities, who were generally the people who were scammed the worst, a bad name.

These are predators who, much like drug dealers, are preying on their own.
True Bin laden, but, if the broker is a "good used car salesman" the underwriter is looking at how much they can make selling the mortgage.

And believe me, those mortgages were sold all over the world.

Thanks Bob O, this is one of the few posts of yours I have appreciated. Now you will probably edit it
Lehman did buy a scum bag mortgage broker, but, that represented a small percentage of the problem and the problem was still with the broker, not the borrower or the investor.

Nice to know you think people who have IRA’s, pension plans or 401K plans are greedy. Billions of people who have money invested in everything from bank accounts to pension plans lost money on this.

All those greedy people working for a living.

I’m right there with you – except your mysterious claims that most of the brokers were minority owned businesses. that is not an allegation I’ve heard before. The lending was predatory and did concentrate on low income recipients (typically minorities), but I’m not willing to agree that the brokers were also minorities without some more information.

My parents who have been left a home after a family death and has been asked if they wanted to sell the house through their husband realestate agent. My gut feeling is that its a conflict of interest and unethical. I may be wrong but would love your thoughts. This is in Australia.

There is no reason to NOT use him. Unless there is some undue pressure, merely handing you a card and saying "give my husband a call, he can take care of you" shouldn’t be a problem. Check out what he and a few other agents have to say and simply choose the best one.

IAM JUST STARTING OUT AS A NEW REALESTATE AND NOTE BUYER. I WOULD LIKE SOME HELP ON HOW TO DO THIS KIND OF JOB. IF SOMEONE CAN SHOW ME HOW TO BUY REALESTATE AND NOTES I WILL appreciate it thanks god bless.

Just ask people or companies who carry promissary notes to sell them to you at a discount, then have them legally assign the note to you and pay them for it.

I am going to open a Real Estate Brokerage In the Kern River Valley Ca. It is a beautiful area with a lake, river, and surrounded by mountains and a diverse terrain. Everything from trees to desert, every name I come up with is already taken or not suitable.

How about : River & Valley Real Estate Brokerage
or Lake,River & Valley Real Estate Brokerage or Trees To Dessert Real Estate Real Estate Brokerage or just use : Your Name Real Estate Brokerage

Hope this helps.

Good Luck

agent ref me to a loan broker his father, I live in cali &HE removed contigencies knowing we didn’t have a loan (We didnt know this). we had to put 5% down for loan, Then our loan guys calls us 10 days before close asking us for 3% more & with an outrages APR or else I’ll lose my 10k in escrow. We had to leave work and try to get another loan from Bof A which we got with out anymore money other than the 5% we may not close in time & will be fined by the seller. my agent (was a friend) knows that my son was diagnosed w/? i have been unfront with them from begining to end i told them everything my credit & financial situation and they both said no problem. Before I placed a bid we asked our agent only place it if we are confrimed with the loan becuase we have no money to put down and the little that we do we need it to make the renovations the house needs. I want to fire agent can i (no buyers agency) he told us not to worry that he promises that the money we put down we will get back
i live in L.A i never had a loan and my agent new this but we never knew this everytime I emailed agent to get status he never respnded he would however call from time to time but never with any answers we told him not to remove cont. until he was certain we had loan. we have put up 10k earnest &22k loan (sorry confusing but i dont hve much characters 2 wrk w/) his broker said we are fine since we managed to get another loan from BofA. Contract stated that we needed 20k down, when we seen this we advise our agent to pull since we did not have that money and the money that we did have was to make repairs that it desprately needs, we told him if we have to put more than the 10k earnest money we put down then we dont want to continue he said not to worry that he promise that his father (loan brker) will use a portion of the loan as the 20k , as you can see he couldnt even get us a loan. This house needs wrk my son needs surgery&cant recoop in this house we want to walk & 4get the 10k

what part of CA are you in?
Not quite sure why I got a thumbs down for this question regarding your issue.
I was only asking in hopes that you might be in an area where I could put you in contact with someone who could help you.
I have family in CA in the real estate industry and was hoping to lend a helping hand.
It turns out that you are way too far north. I am sorry that I was not able to help you. I was hoping that I could.
I would really appreciate that the thumbs down be removed. I was hoping to do better than just answering your question myself, I was hoping to connect you with someone in this field. I really hope that this all works out for you. I will pray for you and your family. I am very sorry that this has happened to you.
If I were in your shoes, (I don’t imagine that you have extra money to hire an attorney), I would call a different real estate agent (one that is very well known with at least 10-15 years of experience) and ask them their advice. If there is something that you can do, they will be more than happy to take you on as their client.
Again, good luck to you.
P.S. Call 1-800-200-Lend or Lend America.com
They might be able to help

Hey I did a little research for you,
I hope this helps
LOS ANGELES CAMPAIGN AGAINST PREDATORY LENDING

The Los Angeles City Housing Department has unveiled an aggressive public outreach campaign, "Don’t Borrow Trouble," to raise awareness of the growing problem of unscrupulous lenders who prey on unsuspecting homeowners and homebuyers. The campaign includes ads, posters, other printed materials, public service announcements in English and Spanish, a toll-free hotline, (800) 477-5977, and a Web site, http://www.lacity.org/lahd/.

The aim is to educate borrowers about danger signs of lenders offering seemingly attractive loan terms that can result in the loss of the home. The "Don’t Borrow Trouble" program also includes an affordable loan program called HELP (Homeowners Equity Loan Program), to assist low-income homeowners with high-interest loans to refinance and rehabilitate their properties. Provided by Los Angeles Neighborhood Housing Services in partnership with Wells Fargo Home Mortgage, HELP will assist borrowers who may have already fallen victim to predatory lending practices. For assistance, homeowners can phone toll-free (888) 89-LANHS. Los Angeles is one of the twelve pilot cities chosen by Freddie Mac for this campaign.