[bubba99]

I looked at EverBank’s website, and they advertise that they charge up to 1% above the days currency trading rate to convert US$ to euros or pounds, etc.

What was your experience in terms of actual “premium” on days exchange rate?

A % on top, and a % when you sell, wipes out a lot of capital

[bubba99]

I looked at EverBank’s website, and they advertise that they charge up to 1% above the days currency trading rate to convert US$ to euros or pounds, etc.

What was your experience in terms of actual “premium” on days exchange rate?

A % on top, and a % when you sell, wipes out a lot of capital

[bubba99]

Prop 13 states:

“The maximum amount of any ad valorem tax on real property shall not exceed One percent (1%) of the full cash value of such property. ”

Until now the assessors have been using the last sale value as “cash value”. It will be difficult for them to claim the sale does not constitute actual cash value.

[bubba99]

Prop 13 states:

“The maximum amount of any ad valorem tax on real property shall not exceed One percent (1%) of the full cash value of such property. ”

Until now the assessors have been using the last sale value as “cash value”. It will be difficult for them to claim the sale does not constitute actual cash value.

[bubba99]

Prop 13 states:

“The maximum amount of any ad valorem tax on real property shall not exceed One percent (1%) of the full cash value of such property. ”

Until now the assessors have been using the last sale value as “cash value”. It will be difficult for them to claim the sale does not constitute actual cash value.

[bubba99]

Many firefighters say this is just the begining. For the last 10 years, the western U.S. has been drier, the winds stronger, and the temperatures higher than the past.

Global warming is begining to work its will and change much of SoCal into a desert again.

[bubba99]

Many firefighters say this is just the begining. For the last 10 years, the western U.S. has been drier, the winds stronger, and the temperatures higher than the past.

Global warming is begining to work its will and change much of SoCal into a desert again.

[bubba99]

Many firefighters say this is just the begining. For the last 10 years, the western U.S. has been drier, the winds stronger, and the temperatures higher than the past.

Global warming is begining to work its will and change much of SoCal into a desert again.

[bubba99]

And Countrywide carries the whole market up on their “positive outlook” for end of next year.

27.8 billion of Countrywide banks mortgage investments are in risky Option Arms that are way behind in payments (over 3.5 are more than 60 days in arrears, and almost 6% over 30 days in arrears) Loans sold are a third of 2006 levels

http://online.wsj.com/article/SB119318489086669202.html?mod=googlenews_wsj

Countrywide took a 900 Million write down to cover “Junior and option ARM” losses. That does not even cover the ones currently underwater. Next quarter/year are going to be worse. Who is buying this stock and what are they thinking.

If you take the time to look at the 9 month balance sheet thru september (2006 vs. 2007) some of it is just smoke and mirrors. 4 Billion increase in value of loan servicing business, big increase in value of loans held for investment, but decrease in receivables on same. Pure smoke.

[bubba99]

And Countrywide carries the whole market up on their “positive outlook” for end of next year.

27.8 billion of Countrywide banks mortgage investments are in risky Option Arms that are way behind in payments (over 3.5 are more than 60 days in arrears, and almost 6% over 30 days in arrears) Loans sold are a third of 2006 levels

http://online.wsj.com/article/SB119318489086669202.html?mod=googlenews_wsj

Countrywide took a 900 Million write down to cover “Junior and option ARM” losses. That does not even cover the ones currently underwater. Next quarter/year are going to be worse. Who is buying this stock and what are they thinking.

If you take the time to look at the 9 month balance sheet thru september (2006 vs. 2007) some of it is just smoke and mirrors. 4 Billion increase in value of loan servicing business, big increase in value of loans held for investment, but decrease in receivables on same. Pure smoke.

[bubba99]

And Countrywide carries the whole market up on their “positive outlook” for end of next year.

27.8 billion of Countrywide banks mortgage investments are in risky Option Arms that are way behind in payments (over 3.5 are more than 60 days in arrears, and almost 6% over 30 days in arrears) Loans sold are a third of 2006 levels

http://online.wsj.com/article/SB119318489086669202.html?mod=googlenews_wsj

Countrywide took a 900 Million write down to cover “Junior and option ARM” losses. That does not even cover the ones currently underwater. Next quarter/year are going to be worse. Who is buying this stock and what are they thinking.

If you take the time to look at the 9 month balance sheet thru september (2006 vs. 2007) some of it is just smoke and mirrors. 4 Billion increase in value of loan servicing business, big increase in value of loans held for investment, but decrease in receivables on same. Pure smoke.

[bubba99]

The problem with ETF’s is that they only protect against the declining dollar – you do not actually make any return.

For example, you buy fxe at $120. The dollar declines by 2%. Your investment in fxe is now worth $122.40 But gold, oil, and goods manufactured in Europe are now 2% more expensive. And in theory everything here at home also costs 2% more. With the “new” market basket used in calculating consumer price index, it is hard to see the increase, but it is there over time.

All the fund has done is preserve your wealth, not add to it. Right now FXE is up $.66 as the dollar has fallen another half cent or so. But in Europe, your hotel room just went up by the same amount.

[bubba99]

The problem with ETF’s is that they only protect against the declining dollar – you do not actually make any return.

For example, you buy fxe at $120. The dollar declines by 2%. Your investment in fxe is now worth $122.40 But gold, oil, and goods manufactured in Europe are now 2% more expensive. And in theory everything here at home also costs 2% more. With the “new” market basket used in calculating consumer price index, it is hard to see the increase, but it is there over time.

All the fund has done is preserve your wealth, not add to it. Right now FXE is up $.66 as the dollar has fallen another half cent or so. But in Europe, your hotel room just went up by the same amount.

[bubba99]

The problem with ETF’s is that they only protect against the declining dollar – you do not actually make any return.

For example, you buy fxe at $120. The dollar declines by 2%. Your investment in fxe is now worth $122.40 But gold, oil, and goods manufactured in Europe are now 2% more expensive. And in theory everything here at home also costs 2% more. With the “new” market basket used in calculating consumer price index, it is hard to see the increase, but it is there over time.

All the fund has done is preserve your wealth, not add to it. Right now FXE is up $.66 as the dollar has fallen another half cent or so. But in Europe, your hotel room just went up by the same amount.

[bubba99]

On home number one, I am guessing that the ARM and HELOC are different loans, the Arm is non-recourse. The HELOC may have also been non-recourse up until you tapped it for something other than the original purchase of home number 1.

If the arm and heloc are the same loan, all home 1 loans are recourse.

Home 2 loans are much the same situation. If property 2 has its own purchase money loan for the 1st plus a new HELOC, both may be non-recourse if the HELOC has not been tapped for any money other than the original purchase.

My recollection is that the negative credit item stays on your credit report for 7 years and 7 days from the date the final disposition is recorded. The final date is months later than the original foreclosure date.

The confusing part of the foreclosure is judicial vs. non-judicial remedy. If the property is foreclosed on in a non-judicial action (the bank just takes the property without a judge as allowed in Ca.) they cannot also try to take anything again in another judicial action.

The confusing part is:

If the property is foreclosed on by the 1st mortgage holder, what remedies does the second (HELOC) holder have. Some say none, some say many. Either way, just because the lender has no legal remedy does not mean the debt on recourse loans disappears. A colleciton agency can still try to collect and mess with your credit for even longer thatn the 7 years.

Hope some of this helps.

[Author]

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