Ray Ruiz in New Orleans"
Thursday, February 25, 2010
An Apple a Day Keeps PC Codes Away
0 commentsRay Ruiz in New Orleans"
Tuesday, February 23, 2010
256 Hours to Go
1 comments
Posted by Anonymous at 4:26 PM
Labels: Anti-Virus, Disk Management, Gigabyte, Hard disk drive, Hard drive, Hardware, Personal computer, storage
Monday, February 22, 2010
Savings, Save Money, Coupons, Wow!
0 commentsPosted by Anonymous at 6:47 PM
Labels: credit card, English language, Microsoft Windows, Online shopping, Savings.com, Windows 7, Windows 7 Ultimate
Saturday, February 20, 2010
We Made a Bid
0 comments
Posted by Anonymous at 3:08 PM
Labels: Fort Lauderdale Florida, Multiple Listing Service, Pompano Beach Florida, Property, Real estate broker, Short, Swimming pool, Tennis court
Friday, February 19, 2010
And the Real Estate Beat Goes On
0 comments
We are waiting for the verdict, but it is not going to ruin my day either way. I can go either way. A mortgage will help Ron's Federal taxes, but being able to pay cash for a place and not having any big debt is are dream come true also.
Posted by Anonymous at 8:01 PM
Labels: Bank of America, Business, credit card, debt, Diners Club International, Financial Services, Loan officer, money, Mortgage
Thursday, February 18, 2010
Just Blame It on Ray
1 comments
A Short-Sale is when a person bought a property about 3 to 5 years ago at the highest price of the market (say a condo at $300K) and the buyer took an exotic balloon mortgage at 1% interest for the first 2 or 5 years then the interest balloons up to 8, 9 and even 10% afterwards. The intent was for those people to fix the property and flip it but, what happened is the market began to tank and those people missed the market. Now their balloons have exploded and their loan payments jumped from $600K per month to $3,600 per month. So, now they bought a house at $300K, owe about $240K but the present market value for their property is now only $175K. So, if they sell their properties at present market value, they will need to come up with $65K cash, which, of course, they don’t have. At that point, you ask the lender(s) to forgive the difference and close the property. Some other people need to make a move, for whatever reasons (a job transfer or the house is too small because they have a new addition to the family) so they are also in the same financial predicament and need to do a Short-Sale. However, in a Short-Sale situation, the lender does not own the property, so an offer has to be accepted between the buyer and the present owner. Then, the contract is submitted to the proper lender(s) (often time there are a first and a 2nd lender). The contract will sit at the primary lender’s desk for an undetermined amount of time (usually 2 months) until they get to it. If there is a second lender, that will lengthen the process because the second lender will try to get something back to recuperate some losses – the battle between them begins. After 4 to 5 months, they will give us an answer saying that they probably want more or else. Again, usually the buyer will not go up and walks away from the deal.
A foreclosure is quite different: In a foreclosure instance, the primary lender is now the bona fide owner of the property after having been awarded the right of ownership by a foreclosure judge. The second and/or 3rd lenders are completely out without a penny. This allows the lender to hire a real estate agent, place the property for sale and entertain offers. But the catch to that is that the lenders have been inundated by so many foreclosures in the past three years that they have finally figured out how to sell those properties. They have created what I call a “blind auction” which means you make an offer at the full asking price, then the lenders respond back in a few days saying “we have had multiple offers and you need to came back with you best and final offer” (there is no way for anyone to verify that.) People tend to bid up and often times, they may be bidding against themselves. Right now, the proof of that is when they close; we can see what the asking price was and how much they closed for. Don’t get me wrong, there are foreclosures that take forever to sell or that will be sold at substantially less than the asking price but there is a reason for that: everything is relative to location and aesthetic. Those properties that are sold at much less than the lenders asking prices are because they are dumps and no-one wants them.
Doing short-sales is quite tedious a process and it takes time. Often times, one can find quite a treasure in a foreclosure but, you kinda have to be here for that and when it strikes you, you need to make an offer immediately without flinging and be prepared to go higher than the asking price.
Posted by Anonymous at 11:42 PM
Labels: Florida, Google, New Orleans, Paris, Real estate, Real estate broker, Short-Sale
Wednesday, February 17, 2010
If You Had a Problem
0 commentsMy Brother the Actor
0 comments
Pin It Now!
Posted by Anonymous at 12:10 PM
Labels: acting, actors, America Ferrera, brother, Casting, Geraldo Rivera, Kevin, Ugly Betty
Saturday, February 13, 2010
Flow of Consciousness - It All Comes Back to Hungary
0 comments
Posted by Anonymous at 8:42 AM
Labels: Anna, Croatia, Flow: The Psychology of Optimal Experience, Google, History of the Snowman, Italy, Mihaly Csikszentmihalyi, Online magazine, stream of consciousness, William James
Friday, February 12, 2010
Field Trip
1 commentsPin It Now!
Posted by Anonymous at 9:58 PM
Labels: Burial, Cemeteries, Cemetery, death, Kerepesi Cemetery, Photography, snow, weather
Monday, February 08, 2010
The Big Drip
0 comments
They removed a small portion of the glass and then removed a portion of the side of the tub, making it still usable, but delightfully unattractive. There are rotted pipes, which were originally cushioned with foam rubber that has deteriorated. What is left of the foam gets soaked with leaking water. Their solution was to take the tub out completely and replace it with a stall shower. This will give us room to move the washing machine under the window, thereby giving more room by the bidet. They mapped out a floor plan and it all seemed reasonable.
We went to their showroom, which is not around the corner, but in the 4th district, quite a distance away on the blue metro. They showed us the shower floor, had us choose doors, and they will replace the end wall with the glass blocks. We had to pick out floor tiles and wall tiles for inside the shower. We ordered enough floor tiles for the entire floor, but I am not sure if I want all of the walls in the same tiles I picked out for the shower. What really gets my goat is that no tile store seems to have an extensive selection. When I remodeled the bathrooms in CA, when I went to tile stores, I was overwhelmed with selections. Here, I feel like I am being held hostage at the choices and it is not just this one store. I have been to others, but I am spoiled by US variety. Then it came time to calculate costs of materials and labor... ONE MILLION, THREE HUNDRED THOUSAND, rounded off. That is without tiling the entire bathroom.
Anna comes to the rescue. Anna was a Hungarian Fulbright exchange teacher to the US. She exchanged places with Jennifer N. who we have become good friends with. As a result, we have seemed to absorb Anna into our lives. She is an angel and gracefully comes to our rescue at will. We had to call her a couple of times from the store, because my student translator was at work. She was so gracious, but later told us it was way too much and the tile guy who did our kitchen and hallway could do the work for much less. Then it became a hassle trying to schedule the arrival of the materials on March 8th with the workmen to do the plumbing, and then Sandor to do the tile, all the while not losing too many days of not being able to shower and getting it all done between guests coming and going. We are still working on this one, but Anna is convinced Sandor can do it all and honestly, we love his work, so that is find with us.
Pin It Now!
Posted by Anonymous at 9:19 AM
Labels: Anna, bathroom, Floor plan, Materials and Supplies, plumbing, tile
Thursday, February 04, 2010
Volunteering and Living in Kenya
0 commentsCatch the Tooth Fairy In th Act
1 comments
Catch the Tooth Fairy "in the act" for FREE at http://www.iCaughtTheToothFairy.com!
Just enter this code: "fairy-2010" after you've approved your photo.
Seeing is Believing.
Tuesday, February 02, 2010
Replay
0 commentsPosted by Anonymous at 8:48 PM
Labels: Author, books, Fantasy, Ken Grimwood, Lord of the Rings, Replay, Trilogy
Don't Leave Me a Voice Mail
0 comments