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March 7, 2012 at 8:26 AM in reply to: How to Get Home Inspector to Make Buyer’s Best Interests A Top Priority #739456January 30, 2012 at 4:24 PM in reply to: From the UT: SD real estate firm cuts ties with Trulia, Zillow #736998
ljinvestor
ParticipantIf I had a listing with his brokerage I would pull it. Yes, he makes some valid points but I’m interested in exposure if I’m selling.
I also prefer to search these sites first rather than having my realtor set up a search for me.
January 30, 2012 at 12:58 PM in reply to: Is it rude to ask for referral commision for mortgage refinancing? #736970ParticipantYou shouldn’t have to ask. The broker either “gets it” or is clueless.
If your friends end up closing and he does nothing then just don’t recommend him anymore if that bothers you.
January 23, 2012 at 9:03 PM in reply to: Anyone know the story on 1920 Nautilus Street, La Jolla? #736637ParticipantIf you google the old owners name it looks like they took job back east. I’m sure they got corporate relocation to cover loss or new salary is much better. Doesnt look too strange to me. Still too high at $1.3MM with all that street noise
ParticipantAll you should need is a good escrow officer that isn’t friends with the buyers agent to guide you through the process.
ParticipantChar-Broil performs fine, but make sure you keep it clean & covered or it will rust. Like the Weber because the SS holds up really well.
ParticipantI finance with 25% down. Any $1MM+ property I’ve sold the buyers purchased with all cash or 50%+ down. I would rather use the extra cash to find properties that are way under market value.
Everyone approaches it differently…
December 28, 2011 at 12:55 PM in reply to: Refi-are you receiving calls from banks offering 3.875% refinancing? #735098ParticipantAimloan is at 4% for $0 cost refi on conforming loan with at least 25% equity, so I guess it could be true.
ParticipantThey should be able to raise your rate by .125 or .25 and cover all those other closing costs.
ParticipantPPSF is good but its on a busy street.
November 2, 2011 at 4:59 PM in reply to: Looking for buyer’s agent covering Bird Rock & Upper/Lower Hermosa #732064ParticipantThe agent that comes to mind representing many buyers & sellers in Bird Rock/Hermosa area is Michelle Dykstra. Never used her and only spoken to her breifly at an open house, but she seems nice and has good track record.
I live near Bird Rock & watch that area daily but am not in position to purchase another property right now. If you want to PM me I can offer some more insight & what I believe are the best opportunities depending on what your looking for.
October 17, 2011 at 9:23 AM in reply to: Any Recommendations on a Home Inspector for my Purchase #730818ParticipantI’ve used John Bowley 5x in the last few years.
ParticipantI’ve used Mr D’s painting before to do that. Reasonable price,good work, quick, and can do other stuff if needed. Contact info at http://www.mrdspainting.com
ParticipantHiggy,
That is a good question regarding how they are able to leverage $50k into $91k in LTC benefits for an 80yo. Ask that same question to the agent and they should be able to get a detailed answer from the Lincoln sales rep or home office. You will also want to ask if both the death benefit and LTC benefit amount is guaranteed or if it can drop because of poor interest rate performance.
My guess is that actuaries have looked at the life expectancy and also the likelihood of one going on a LTC claim at this age. They know the odds are in favor that an insured dies without any LTC claims therefore they are paying out that smaller DB amount. Even if they have someone go on LTC claim, only so much is paid out a year. That gives tinsurance company even more time to invest the original $50k premium in their bond portfolio.
ParticipantIf she is looking at single premium then it is still worth getting quote to see how much LTC & death benefit that MoneyGuard Reserve offers. I did notice that single premiums offer money back guarantee regardless of issue age, but they do put the age 65 restriction on flexible premiums.
“Lincoln MoneyGuard® Reserve Plus has a money back guarantee, through the Enhanced Surrender Value Endorsement (ESVE) available at issue on all single premium policies and flexible premium policies for ages 35–65. The amount received will be adjusted for any benefits paid and/or any loans and withdrawals, it may have tax implications. See Endorsement for complete terms and conditions.”
Other options are Universal Life or Whole Life Policies with LTC riders on them but the ULs will have little to no cash surrender value in case they needed the cash for other reasons. Hartford, Genworth, John Hancock, Protective, & Nationwide all offer these types of policies. Have agent get quotes from a couple of these carriers also, but my guess is that they won’t offer much more in death benefit & LTC benefit than MoneyGuard and they certainly don’t have the money back guarantee.
You are right that the guarantee is only backed by the insurance company but Lincoln Life has a pretty good history & reputation. She also needs to hurry up and make a decision because all of these only issue to age 80 when using the LTC benefits. Might be smart to start underwriting process with Lincoln National Life to make sure she qualifies, and then she can make decision to go forward or not. No out of pocket costs if she decides not to accept the offer.
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