All Forum Posts by: Kevin Yeats

Is AG Madigan up for reelection?

It is very easy for AG Madigan to make this move and ease the pressure on underwater homeowners ... for a short while.

The unintended consequence of this act is the additional burden and thus the additional costs placed on loan servicers and in turn on loan providers for making loans and collecting on what is owed. Since loan originators cannot tell for certain which loans will end up as slow pays or no pays, the originators will have to cover this additional cost through higher fees and/or higher rates on every loan.

Guess what? Every borrower pays for this move. But hey ... it wins votes.

Bryan, there clearly were MAJOR PROBLEMS (to put it mildly) with the ratings agency industry - both on an individual firm level and an industry-wide level.

Going forward, their ratings will contain more suspicion.

@Tim et al

"The only place where SUCCESS comes before WORK is in the dictionary."

for a F*R*E*E copy of the Napoleon Hill classic (ebook format)

visit www.Think-and-Grow-Rich-eBook.com

Bryan, that sounds like a clause in the contract that BMRES needs to include ... specfic action that the counterparty (Kenneth) needs to take. Failure of the counterparty to take actions by a certain date would trigger the payment of the $6,500 in escrow to BMRES.

Contracts work both ways.

The OP (Kenneth) worried about the legitimacy of BMRES. I responded with an idea to protect him.

Will they put up 100% of the funds needed including all closing costs, rehab costs, taxes, insurance etc.?

If so then offer to put the $6,500 fee into an escrow account with a lawyer in Texas. BMRES will receive the $6,500 upon completion (final sale) of the second or third deal (home).

This creates incentives for both sides, you and BMRES, to work hard to succeed.

Bottom line: It's your money ($6,500)

Kenneth, what is BMRES offering to you? An exclusive contract for what?

You list your RE involvement as a General Contractor. Is BMRES offering to use your services exclusively for all GC work in El Paso? In Texas? Nationwide? What is their volume of business?

$6,500 is not chump change for most people. I'd want to know what I get for spending that amount of money and contracting with BMRES. I'd also want certain clauses in the contract guaranteeing certain dollar volume of work.

This thread discusses the long-lived prime bank note scam

http://investorswatchdog.com/blog/investorswatchblog/?p=876

Whenever I see a message that includes Medium Term Notes or MTNs .. a very large red flag flies.

Since several thread appeared (and disappeared) here on BP offering seemingly too-good-to-be-true funding, I thought I would add this topic.

This thread discusses the long-lived prime bank note scam

http://investorswatchdog.com/blog/investorswatchblog/?p=876

from the article:

Prime bank scams usually claim that there is a

My connections offer loan modification on underwater but cash-flowing commercial properties.

They will renegotiate the terms of the loan with the current lender(s). In some cases they will purchase the note from the lender and then offer more favorable payments.

Dan, why would the current owner not just renegotiate (refinance) with the current lender?