Last summer, we had gophers up the “gump stump” terrorizing annual flowerbeds, perennials, shrubs, and our new turf. Actually destroying everything green and living in, on, and under the ground. Our defense included high-impact bombs, guided underground missiles, gopher gassers, laser beams, and an [...]
Many “old-timers” will recall the year 1979 when interest on real estate loans soared higher and higher, then finally skyrocketed exponentially almost overnight to over 20%. Jimmy Carter was President at the time and in late October of that year the Stock Market Crashed. [...]
Recently, while performing our duties as a servicing agent for promissory notes and contracts, we noticed a proliferation of transactions involving taking title to property “subject to” an existing loan, all-inclusive notes wrapping around an existing note, and Contracts of Sale (sometimes referred to [...]
It all started back in 1984. That is my experience in dealing with Fractionated notes. I had just retired from the California Highway Patrol where I served as an Area Commander and had begun training as a Commercial Real Estate Investment Broker. I received [...]
Many private lenders were inundated with new clients looking for money to fix-and-flip houses following the housing crisis. However, as the housing sector grows, particularly in California, hard money lenders have to get new prospective clients outside of the regular flip ones. This presents [...]
Don’t cha just hate that word “Whoops”? Especially, if you’re a passenger on a Boeing 737 on the final approach to landing and hear those words from the cockpit!! Some mistakes are just “felony stupid” like walking out in front of a bus or [...]
The recent wave of renovation works carried out on American homes is a pointer to one thing: American homes are aging. America has massively underbuilt for more than a decade, putting over half of the American homes over the 40-year-old mark. As a result, [...]
Three lifetimes ago I was a Director and Distributor with a National Cosmetic firm, two lifetimes ago, I was the President and Broker/Owner of a Coldwell Banker Franchise Real Estate Company in the California Mother Lode. One lifetime ago I was Vice President and [...]
BY THOMAS K. STANDEN IV With respect to the amount, timing and method used to assess and collect late charges, during the last 28 years as a Note Servicing Company, I bet we’ve seen them all. It doesn’t seem to make much difference whether [...]
Article by Michelle R. Rodriguez Woodland Hills Mortgage After the Consumer Financial Protection Bureau (“CFPB”) released the final Loan Originator Compensation Rule in early 2013, there has been a lot of confusion surrounding the Seller Financer Rule or Seller Carry- Back Rule. It is important for [...]
