13348 Shadetree Ct

[briansd1]

[quote=flu] But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

Isn’t that what community and family values are all about?

Back in earlier, conservative and wholesome small town America, people knew and talked about their neighbors and everyone in town. If the town doctor had a mistress, or gambling debts, everyone would talk about it. Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.

[sdrealtor]

[quote=ocrenter][quote=flu][quote=briansd1][quote=flu]Note to self: if I ever buy a new home, I’m going to put it into a LLC based in Wyoming so peeking inquirying piggies don’t post my personal info in this site, heh heh
[/quote]

If you follow the chain of title, and look at the actual deeds, you can always find out who owns a property. The whole concept of property ownership is based on public notice with recording at the county level, and before that, proclamation on the town square for all to be notified.

You don’t need to record your deed, but if you don’t, you are not protecting your interests.

If you get a mortgage and want to deduct interest, you will most likely need to get the property in your name first, then perhaps quit claim it to a trust.[/quote]

I don’t plan on buying my next non-investment home with a mortgage (if ever) 🙂

Yes yes, I understand most everything is in public records, except if you’re a government employee with reasons… But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

agree, there was no need for the link to yelp.[/quote]

I third that. He’s taken enough punishment already. I just posted an occupation to demostrate he’s an ordinary guy and not some flipper by trade.

[sdrealtor]

[quote=ocrenter][quote=flu][quote=briansd1][quote=flu]Note to self: if I ever buy a new home, I’m going to put it into a LLC based in Wyoming so peeking inquirying piggies don’t post my personal info in this site, heh heh
[/quote]

If you follow the chain of title, and look at the actual deeds, you can always find out who owns a property. The whole concept of property ownership is based on public notice with recording at the county level, and before that, proclamation on the town square for all to be notified.

You don’t need to record your deed, but if you don’t, you are not protecting your interests.

If you get a mortgage and want to deduct interest, you will most likely need to get the property in your name first, then perhaps quit claim it to a trust.[/quote]

I don’t plan on buying my next non-investment home with a mortgage (if ever) 🙂

Yes yes, I understand most everything is in public records, except if you’re a government employee with reasons… But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

agree, there was no need for the link to yelp.[/quote]

I third that. He’s taken enough punishment already. I just posted an occupation to demostrate he’s an ordinary guy and not some flipper by trade.

[sdrealtor]

[quote=ocrenter][quote=flu][quote=briansd1][quote=flu]Note to self: if I ever buy a new home, I’m going to put it into a LLC based in Wyoming so peeking inquirying piggies don’t post my personal info in this site, heh heh
[/quote]

If you follow the chain of title, and look at the actual deeds, you can always find out who owns a property. The whole concept of property ownership is based on public notice with recording at the county level, and before that, proclamation on the town square for all to be notified.

You don’t need to record your deed, but if you don’t, you are not protecting your interests.

If you get a mortgage and want to deduct interest, you will most likely need to get the property in your name first, then perhaps quit claim it to a trust.[/quote]

I don’t plan on buying my next non-investment home with a mortgage (if ever) 🙂

Yes yes, I understand most everything is in public records, except if you’re a government employee with reasons… But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

agree, there was no need for the link to yelp.[/quote]

I third that. He’s taken enough punishment already. I just posted an occupation to demostrate he’s an ordinary guy and not some flipper by trade.

[sdrealtor]

[quote=ocrenter][quote=flu][quote=briansd1][quote=flu]Note to self: if I ever buy a new home, I’m going to put it into a LLC based in Wyoming so peeking inquirying piggies don’t post my personal info in this site, heh heh
[/quote]

If you follow the chain of title, and look at the actual deeds, you can always find out who owns a property. The whole concept of property ownership is based on public notice with recording at the county level, and before that, proclamation on the town square for all to be notified.

You don’t need to record your deed, but if you don’t, you are not protecting your interests.

If you get a mortgage and want to deduct interest, you will most likely need to get the property in your name first, then perhaps quit claim it to a trust.[/quote]

I don’t plan on buying my next non-investment home with a mortgage (if ever) 🙂

Yes yes, I understand most everything is in public records, except if you’re a government employee with reasons… But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

agree, there was no need for the link to yelp.[/quote]

I third that. He’s taken enough punishment already. I just posted an occupation to demostrate he’s an ordinary guy and not some flipper by trade.

[sdrealtor]

[quote=ocrenter][quote=flu][quote=briansd1][quote=flu]Note to self: if I ever buy a new home, I’m going to put it into a LLC based in Wyoming so peeking inquirying piggies don’t post my personal info in this site, heh heh
[/quote]

If you follow the chain of title, and look at the actual deeds, you can always find out who owns a property. The whole concept of property ownership is based on public notice with recording at the county level, and before that, proclamation on the town square for all to be notified.

You don’t need to record your deed, but if you don’t, you are not protecting your interests.

If you get a mortgage and want to deduct interest, you will most likely need to get the property in your name first, then perhaps quit claim it to a trust.[/quote]

I don’t plan on buying my next non-investment home with a mortgage (if ever) 🙂

Yes yes, I understand most everything is in public records, except if you’re a government employee with reasons… But I don’t know, I just get how this guy being a chiropractor has anything to do with how he lost $200k, or the point of posting his private practice. It’s not like this person is a media ho looking for attention, like say the octomom or the earls who blatantly don’t think it’s there fault to foreclosure. Anyway, whatever.[/quote]

agree, there was no need for the link to yelp.[/quote]

I third that. He’s taken enough punishment already. I just posted an occupation to demostrate he’s an ordinary guy and not some flipper by trade.

[UCGal]

[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]

Are you going all Sarah Palin on us, Brian? LMAO.

[UCGal]

[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]

Are you going all Sarah Palin on us, Brian? LMAO.

[UCGal]

[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]

Are you going all Sarah Palin on us, Brian? LMAO.

[UCGal]

[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]

Are you going all Sarah Palin on us, Brian? LMAO.

[UCGal]

[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.

The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]

Are you going all Sarah Palin on us, Brian? LMAO.

[Eugene]

[quote=ocrenter]
yup, totally forgot the most important carrying cost. I have to assume 5% interest since his first was full jumbo. Which means $5200/month in principal and interest. That’s roughly $187k.

with the $220k from my prior post, we are looking at $407k loss for the whole affair.

of course, a third of it should be tax deductible. so probably just around $270k in real losses.[/quote]

The $125,000 question is whether this was a principal residence.

If it was, take that 270k and subtract $125,000 of the money he would’ve spent renting a comparable house for 3 years.

If it wasn’t, add back $125,000 of tax deductions because you’re not supposed to deduct interest on a second home that you hold for resale.

[Eugene]

[quote=ocrenter]
yup, totally forgot the most important carrying cost. I have to assume 5% interest since his first was full jumbo. Which means $5200/month in principal and interest. That’s roughly $187k.

with the $220k from my prior post, we are looking at $407k loss for the whole affair.

of course, a third of it should be tax deductible. so probably just around $270k in real losses.[/quote]

The $125,000 question is whether this was a principal residence.

If it was, take that 270k and subtract $125,000 of the money he would’ve spent renting a comparable house for 3 years.

If it wasn’t, add back $125,000 of tax deductions because you’re not supposed to deduct interest on a second home that you hold for resale.

[Eugene]

[quote=ocrenter]
yup, totally forgot the most important carrying cost. I have to assume 5% interest since his first was full jumbo. Which means $5200/month in principal and interest. That’s roughly $187k.

with the $220k from my prior post, we are looking at $407k loss for the whole affair.

of course, a third of it should be tax deductible. so probably just around $270k in real losses.[/quote]

The $125,000 question is whether this was a principal residence.

If it was, take that 270k and subtract $125,000 of the money he would’ve spent renting a comparable house for 3 years.

If it wasn’t, add back $125,000 of tax deductions because you’re not supposed to deduct interest on a second home that you hold for resale.

[Eugene]

[quote=ocrenter]
yup, totally forgot the most important carrying cost. I have to assume 5% interest since his first was full jumbo. Which means $5200/month in principal and interest. That’s roughly $187k.

with the $220k from my prior post, we are looking at $407k loss for the whole affair.

of course, a third of it should be tax deductible. so probably just around $270k in real losses.[/quote]

The $125,000 question is whether this was a principal residence.

If it was, take that 270k and subtract $125,000 of the money he would’ve spent renting a comparable house for 3 years.

If it wasn’t, add back $125,000 of tax deductions because you’re not supposed to deduct interest on a second home that you hold for resale.

[Author]

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