Archive for January, 2007

No mortgage payments for 1 year…

You knew it was coming.  40 years, 50 years terms, and now a company offering no payments for 1 year on their “12MoDef” loan.  Borrowers give up a portion of the equity in their homes in exchange for the lender making the payments for the first year. While these loans could be great for some [...]

Mexican Citizen indicted for identity theft

I’ve posted alot in the past on identity theft, mainly related to someone taking anothers credit profile.  Here is a link to a story for another form of identity theft, Luis Alberto Cruz-Flores a citizen of Mexico was charged in a two count indictment of using the social security number of another person (passesing a [...]

Get it in writing

Found this great post on a local blog, and the topic is great!  GET IT IN WRITING. What you have in writing gets done plain and simple. It is the only way you can force someone to live up to their promise and while I hope your entire real estate experience is a pleasant and [...]

Can I hang your coat in my $355,000 closet?

77 square feet of space, just slightly larger than a prision cell is available in London, the going price, $355,000 for ths micro-home.  Perfect for the person who really wants to down size!It is located in the exclusive Knightsbridge neighborhood, which is the draw.  Walking distance to Harrods, Hyde Park and more.  The offical address [...]

Stick a fork in Mortgage Lenders Network they are done

It is sad, but more news on Mortgage Lenders Network. According to this article in the Providence Business News, R.I. Department of Business Regulation has suspended the license of MLN as a part of their ongoing investigation of possible violations of state law. The fuloughs for their workers are turning in to layoffs according to [...]