All Forum Posts by: Matthew Gil

In times like this, I re-read Ronald Reagan's First Inaugural Address...

"In this present crisis, government is not the solution to our problem; government is the problem. From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price.

We hear much of special interest groups. Well, our concern must be for a special interest group that has been too long neglected. It knows no sectional boundaries or ethnic and racial divisions, and it crosses political party lines. It is made up of men and women who raise our food, patrol our streets, man our mines and factories, teach our children, keep our homes, and heal us when we're sick--professionals, industrialists, shopkeepers, clerks, cabbies, and truck drivers. They are, in short, "we the people," this breed called Americans."

The powers that be in DC could learn a lot from that passage.

I second CutePDF. Easy to use and has a small resource footprint.

Tim has a point.

The politicians keep this B.S. up, we are going to erode the middle class and return to a pre-captialist caste system, comprised of the landholding elite and the peasantry.

Every time a politician opens their mouth, they should be required to say, "I am a non-attorney spokesman". Like that announcer does in those mesothelioma ads I see on TV.

We could name the law, the Joe Biden Act.

We already have this in our market and have to recertify every 2 years.

The latest action the city council is trying to pull is a "non-vacancy ordinance". This ordinance would compel the owner to register with the city and allow an inspector to verify that a property has been secured and boarded-up, for a fee of course.

My best friend, who happens to be a real estate appraiser saw the meltdown coming since 2003. He was literally on the front line of all this mess and was not buying that housing values were organically raising in value at such a steep rate.

There seems to me growing support for the first bullet by placing bad paper in a toxic lock box. And, to think that was the original intent of TARP. I guess it takes Washington and Wall Street $350 billion to learn a lesson.

Taz I agree with you, again. On the one hand I want the stimulus package to fail because all it is is a Democrat laundry list of special interest pork and will take two generations to pay off. In fact there is very little stimulus to be had in it.

Yet, the package will be a boon for us vultures that are licking are chops at all the carcasses laying around, because the package is not going to do squat to help the economy.

This is why I prefer the seller to just provide the NOI. How is a seller suppose to know what my mortgage terms are going to be?

Having a seller tell me what my CHADS going to be is akin to having the lunatics run the asylum.

Welcome to the wonderful world of REO purchases.

I would say that 90% of our purchases are now REOs and half the time, the seller (bank) wants certified funds. Don't fight it (we have already tried). Just get them the certified check and be done with it.