Forum Replies Created
-
AuthorPosts
-
bearishgurl
ParticipantThe SSN prefix info is now posted online (was not when I worked with them).
http://socialsecuritynumerology.com/prefixes.php
http://www.einvestigator.com/links/social_security_numbers.htm
Of course, the older numbers are the lower-numbered prefix for each state. You will NOT be able to find out, however, the EXACT YEAR a particular SSN was issued unless you have a BR check run by a licensed private investigator.
Participant[quote=SK in CV]Thanks BG, that all makes sense. But how does putting a credit freeze on a minors SS number help any of this, other than eliminating stolen identity for a debt that would be unenforcable anyway? I’m not dismissing that as a valid reason to do it. That by itself would be a huge hassle. Is that something that is commonly done for adults? The credit freeze? I monitor my reports, to make sure there aren’t any new accounts that i didn’t apply for, but I don’t have a freeze on.[/quote]
When a person is trying to use a minor’s stolen SSN to obtain credit and the lender can’t get into the report because it is frozen, they will ask the imposter to “unfreeze” the account before credit is considered. Since the vast majority of credit reports are “frozen” due to one or more “fraud alerts” (because the acct-holder’s identity had been compromised in some way), the repository is not going to “unfreeze” it without the password of the actual acct holder. If the imposter doesn’t have that, they will have to go thru snail mail to unfreeze it (and may possibly have to be notarized). All I can say is they better be using the actual acct-holder’s address if they are going to attempt this.
In the short run, credit will not be granted in the minor’s name.
Unfortunately, if a lender runs a SSN, the only info they are likely to get is that that particular SSN was issued in a particular state. They will NOT know HOW LONG AGO the SSN was issued so will NOT realize that the SSN actually belongs to a minor.
For some states (incl CA), I know in my head which states certain SSN prefixes originate from and approx how long ago they were issued. But this knowledge comes from a l-o-o-o-ng practical experience working with SSNs on almost a daily basis. A lender, finance or CC company would really have no way of knowing this. Thus, I’m sure credit is (erroneously) extended to individuals using a minor’s SSN. In any case, this individual using the fraudulent identity to open credit has no intention of paying it back, anyway, whether or not the “loan terms” are enforceable.
August 18, 2012 at 10:55 AM in reply to: 2 bad applicants in row on 2k rental top school district (Mi) #750501ParticipantBirmingplumb, if you can’t get a good tenant who actually IS who they claim they are by the time school starts and you don’t plan to occupy the property in the future, why don’t you consider putting it on the market?
May I also suggest insisting on a middle initial or middle name of your applicant if they have not provided one and also entering the SSNs your prospective tenants put on their apps on the Social Security Death Index?
http://search.ancestry.com/search/db.aspx?dbid=3693
This is to see if they “borrowed” a SSN from a decedent.
In addition, MANY males who have fouled up their credit and have the same name as their father (exc poss a middle initial) are using their (dead or alive) father’s name and SSN for credit purposes. This is one of the most common “mix-ups??” at the three major credit bureaus :=0
Also try intelius.com, plugging in the names and purported state your prospective tenants list they are from on their apps:
to determine who their (purported) family members are and their (purported) last (up to six) cities/towns they lived in. For a small fee you can obtain much more information. Match those addresses with the addresses they claim on their application to have lived at. With a “day pass,” you can enter info from multiple applications in a 24-hr time period.
I wouldn’t waste another minute with a fraudulent application except to respond to the applicant if they call you that their credit report wasn’t up to your specifications or you were unable to run their credit report because they didn’t provide you with enough (or the correct) information. If they know they were trying to pretend to be someone else or the LL(s) they listed on their app are actually “friends” and/or relatives and can’t provide you with any more info, they will go away quietly.
In the absence of age-restricted CC&R’s, bad/insufficient credit, being an unemancipated minor and bad landlord refs are the ONLY reasons you can legally turn a prospective tenant away.
Participant[quote=SK in CV]What is the motivation for this? So that your kids can’t get credit cards that you don’t know about? Minors can’t enter into legally binding contracts. I’m sure it happens all the time, but the lender will always be at high risk when they do. What is the problem that you’re trying to avoid with the freeze?[/quote]
SK, it is commonplace among areas along the US int’l border to have one’s SSN stolen, either for immigration purposes and/or to take out credit because they either don’t have a credit record at all (most likely) or their credit record is shot. I had a kid who got their wallet stolen when they were about 18 in Chula Vista. In it were a Driver License and Military Dependent ID (which had a SSN on it), plus a bank ATM card (which needed a PIN to work, so was easily canceled). They went and got a replacement “Provisional” DL and managed to get a replacement Mil ID on a SD visit but when they went to get their “Adult” DL at the age of 21 (in a SF DMV), they discovered it had been recently issued to someone at another address out of the Chula Vista DMV. Of course, the DMV’s SOUNDEX photo revealed that the in-person applicant was NOT the same person as my kid. Since a minor or provisional license holder can’t “renew” by mail, someone had apparently beat them to the punch and came to the DMV in person and was issued a DL in my kid’s name.
Someone likely was able to use my kid’s MIL ID (until it expired (to buy gas and shop on base), assuming they could have used it to get a one-day temp sticker on their car. A couple of small credit accts using my kid’s SSN were also taken out. The scary part is that my kid’s Mil ID could have used it to access medical care through Tricare Standard. But it couldn’t have been renewed without the physical presence of the sponsor and it only had less than a year remaining on it before it expired.
The person using my kid’s SSN for credit purposes and the person using my kid’s identity on a CA DL were NOT one and the same person.
This whole thing caused my kid a lot of grief for a couple of years while they were in college. Fortunately, they had been issued a passport when they were a baby. So if someone tried to use it to obtain a US passport, they would have had to have known the number of the expired passport and the answers to a whole host of other questions to apply to “renew” an expired passport they didn’t know was on file. I have no doubt a person trying to do this was stopped dead in their tracks.
SK, SSN’s of minors and decedents (as well as other compromised identifying info) have always been heavily used in Los Angeles to peddle “fake” CA DL’s, passports and social security cards on the black market.
ParticipantMy study has been a “comedy of errors” of late. Busy with an Opp paper and trial prep, I had books weighing down stacks of papers while my stand fan is on high speed with the windows open while I sweat with a stapler in hand. Exhibits flew all over the room … then came a swarm of termites.
I was just tent fumigated 22 months ago. Of course, I’m under contract so they will be called Monday morning :={
Participant[quote=ocrenter] . . . As for if this is typical, not sure. This is the hottest its been in the last 6 years we’re in SD, last couple of years we prob had the AC on max of 10 times per year. This year we’ve about double that already.[/quote]
In my memory, I can think of other summers in SD that were very hot in August thru October, and this list may not be all-inclusive and is from my memory of what I was doing at the time:
1981
1987
2002I’ve never lived more than 5 miles from the bayfront.
Participant[quote=ocrenter][quote=bearishgurl]I have one and don’t use it due to the it being too loud to sleep. It was installed almost 20 yrs ago, though. Maybe they’re quieter now.[/quote]
when you do use it, does it actually work? and by how much?[/quote]
Yes, it works, but it takes at least an hour. I think it lowers the temp by about 8-10 degrees. I’m more comfortable with stand fans when sleeping. I don’t have air-conditioning but am properly “plumbed” for it. I have never bothered to buy one. I am located just over one mile from the bayfront.
Participant[quote=The-Shoveler]I can tell you, living through the 70’s and 80’s inflation was a lot easier and more fun that living though the last 5-6 years of deflation.[/quote]
It sure was :=]
ParticipantI have one and don’t use it due to the it being too loud to sleep. It was installed almost 20 yrs ago, though. Maybe they’re quieter now.
ParticipantCEA charges me $185 annually for about a $360K rebuild value. My deductible is $50K. Location is near Dtn ChulaV. We’ve had a few shakers from the Tecate area (epicenter) in the last few years. One lasted over a minute but no damage in my area.
Participant[quote=disimilar1]I would NOT invest with them. My money was NOT preserved. It was lost big time by them.
And my broker was the managing director of their L.A. office.
After our money was lost he said he could not talk to us because he “has high blood pressure”.
Stay far, far away.[/quote]Thanks for your informative post, disimilar.
August 15, 2012 at 2:01 PM in reply to: Good fact based WSJ article on who pays taxes in America #750336Participant[quote=briansd1]BG, you mention the money that boomers have. If there were more investment opportunities, in factories and other productive uses, the boomers would have their money in their 401k, insurance companies, etc…
The problem we have today is lack of consumer demand. Therefore business don’t see a need to invest and hire.
Since we have lack of private demand, government today does not have to compete with the private sector. Government should be raising taxes on the people who have the cash to pay, and investing in infrastructure for the future.
As far as owning a vacation home or rental properties far from home, there are cost associated with travel and management. Not everyone is equipped to do that. To make it worthwhile, you have to combine real estate investing with travel you would otherwise make anyway.
How much can you make on a condo rental? How much would the trips cost you? And if you don’t enjoy visiting your properties, then it becomes hard work.[/quote]
I don’t think most boomers have necessarily saved more than say, their (higher-earning) 40-45 yo (Gen X) counterpart. But the difference is that they can legally access their retirement funds without penalty. And there are some other, cultural and values-based differences such as most boomers were able to go to college much cheaper and buy their earlier RE purchases cheaper than Gen X and beyond. Many boomers have lived in the same property for more than 30 yrs, and, as a group, are satisfied with less house in more established areas, which have retained their values over decades.
This means they have successfully lived on and raised families on less (sometimes FAR less) money than subsequent generations did (no matter how much they made) and were likely able to save more money for retirement (as a percentage of their incomes).
A $100K 3/2/2 SFR in a good area of PHX (spdrun’s example) would have annual property taxes of $1800 and an annual water bill of $900 (lot is landscaped with rock, concrete and cacti).
see: http://piggington.com/las_vegas_realtor
I would guess that prevailing rent for this would be $1400 – $1600 mo. Is this too low?
At $1500 mo, that is $18K in rent per yr – 20% vacancy rate or $14,400 annual rent. If turned over to a property mgr (who charges 10% of rent collected), that leaves $12,960 yr rental income to the owner. Take out the $900 water exp and $1800 tax exp and that leaves $10,260 in net rental income, which is a 10.26% annual ROI.
Sounds more than okay to me.
Did I do this right?
How much is the prevailing rent for a 1700 sf 3/2/2 SFR in a good area of PHX?
And what is the current vacancy rate for rental houses there?
August 15, 2012 at 1:09 PM in reply to: Good fact based WSJ article on who pays taxes in America #750327Participant[quote=briansd1] . . . There is plenty of money sloshing around so it’s not like high taxes and government spending are sucking money out of the economy as the right-wing ideologues would claim. (Not to say that cannot happen but that’s not the conditions we have now). . . [/quote]
I really think a lot of the (private) “money sloshing around” is in the hands of Joe and Jane 6p Boomer (one or both over the age of 59.5). Their retirement accounts were stagnant (in poorly-performing stocks, zero-coupon-type bonds or all cash) and they might not see it lasting long enough to provide them with adequate income for the rest of their lives. Their primary residences in those cheaper-to-live “flyover states” have been paid off for years so what would one expect them to do but to seek out bargain investment RE while blood was running in the streets? This demographic likely will never see another chance to do this in their lifetimes :=0
August 15, 2012 at 12:50 PM in reply to: Good fact based WSJ article on who pays taxes in America #750323Participant[quote=briansd1][quote=bearishgurl]
jstoesz, which better uses than investment RE would you suggest for one’s money they have currently set aside for investment purposes?[/quote]
Therein lies the problem with Republican arguments. They don’t look at the context of the economy….
[/quote]brian, I’m a little confused :=0
Are you referring to jstoesz as the “Republican” or to me??
If it was me, I was only registered as a Repub for a minute and a half this year until RP lost in the primaries before I “re-registered” again, lol …
-
AuthorPosts
