[Raybyrnes]

Hey how about the fact that the guy got into the mortgage business at the right time, has probably made a ton of money and is able to get a lender to provide him with millions of dollars of their money to invest in real estate. Got to tell you, he must have been doing something right. The paper only gives part of the story. I remember a pretty reputable paper that made Rich seem fairly ignorant because they only reported half the story. I would not consider the UT the most reliable of sources.

As for ridiculous kit surfing seemed pretty unusual aswell and I’ll tell you that I see a lot of people on the bay kite surfing.

[Raybyrnes]

Hey how about the fact that the guy got into the mortgage business at the right time, has probably made a ton of money and is able to get a lender to provide him with millions of dollars of their money to invest in real estate. Got to tell you, he must have been doing something right. The paper only gives part of the story. I remember a pretty reputable paper that made Rich seem fairly ignorant because they only reported half the story. I would not consider the UT the most reliable of sources.

As for ridiculous kit surfing seemed pretty unusual aswell and I’ll tell you that I see a lot of people on the bay kite surfing.

[Raybyrnes]

Hey how about the fact that the guy got into the mortgage business at the right time, has probably made a ton of money and is able to get a lender to provide him with millions of dollars of their money to invest in real estate. Got to tell you, he must have been doing something right. The paper only gives part of the story. I remember a pretty reputable paper that made Rich seem fairly ignorant because they only reported half the story. I would not consider the UT the most reliable of sources.

As for ridiculous kit surfing seemed pretty unusual aswell and I’ll tell you that I see a lot of people on the bay kite surfing.

[Raybyrnes]

Just a quick note to thsoe on the board. Make sure that your Homeowners or renters policies are Replacement Cost Value policies as opposed to Actual cost value policies.

Make sure you have a copy of your electric bill to prove the house is yours. If you have time take digital pictures of evferything in the house. Get a camcorder if necessary. In the event of a total loss this will help to expedite the claims process.

[Raybyrnes]

Just a quick note to thsoe on the board. Make sure that your Homeowners or renters policies are Replacement Cost Value policies as opposed to Actual cost value policies.

Make sure you have a copy of your electric bill to prove the house is yours. If you have time take digital pictures of evferything in the house. Get a camcorder if necessary. In the event of a total loss this will help to expedite the claims process.

[Raybyrnes]

Just a quick note to thsoe on the board. Make sure that your Homeowners or renters policies are Replacement Cost Value policies as opposed to Actual cost value policies.

Make sure you have a copy of your electric bill to prove the house is yours. If you have time take digital pictures of evferything in the house. Get a camcorder if necessary. In the event of a total loss this will help to expedite the claims process.

[Raybyrnes]

Most peopl sayn talk to your lender but the reality is that you really need to start by speaking with the servicing agent. Sometimes the lender and servicer are the same b ut nmorde often than not the servicing agent is different. It is the servicier who can explain what your options are. Often time they can provide you with option such as atemporary hardship deferrment or a forbearance. Find out what the qualification are for each.

[Raybyrnes]

Most peopl sayn talk to your lender but the reality is that you really need to start by speaking with the servicing agent. Sometimes the lender and servicer are the same b ut nmorde often than not the servicing agent is different. It is the servicier who can explain what your options are. Often time they can provide you with option such as atemporary hardship deferrment or a forbearance. Find out what the qualification are for each.

[Raybyrnes]

Meg Whitman left a pretty prominent job in Boston to work for an unknown company called ebay. It was started by a technology guy as a hobby to sell used stuff.

There are going to be a lot of failures out there but innnovation is never going to occur witout risk takers.

Here is a pretty stupid idea let’s compete with the US postal Service (Fed Ex)

Let’s charge for programming. Cable TV.

Let’s charge for music. XFM and Satelite Radio.

Let’s do something differnt than ski. Snowboarding.

MIke Railey might not make it but our system has supported others whose ideas were questioned and they turned out to be successes.

[Raybyrnes]

Meg Whitman left a pretty prominent job in Boston to work for an unknown company called ebay. It was started by a technology guy as a hobby to sell used stuff.

There are going to be a lot of failures out there but innnovation is never going to occur witout risk takers.

Here is a pretty stupid idea let’s compete with the US postal Service (Fed Ex)

Let’s charge for programming. Cable TV.

Let’s charge for music. XFM and Satelite Radio.

Let’s do something differnt than ski. Snowboarding.

MIke Railey might not make it but our system has supported others whose ideas were questioned and they turned out to be successes.

[Raybyrnes]

“Americans tend to be the worst savers on the planet.”

This is an overused phrase. Amercian’s are also the most entrepreneurial of people and this doesn’t begin with capital but rather with debt. It’s takes money to make money. Whether you like the game of finance or not you are penalized for saving.

[Raybyrnes]

“Americans tend to be the worst savers on the planet.”

This is an overused phrase. Amercian’s are also the most entrepreneurial of people and this doesn’t begin with capital but rather with debt. It’s takes money to make money. Whether you like the game of finance or not you are penalized for saving.

[Raybyrnes]

When did you realator buy his home? Does he rent? Do you think he had inside knowledge of the downturn or that you were going to struggle financially with the home? How long has he been in the real estate business? Does he have clients that bought 7 or 8 years ago and are singing his praises?

Timing is a bitch. It can make you seem like a hero or a goat. He might still be scum but I unless you feel that he was banking on you going into short sale positiot I would think that he falls into the same category as every other realtor at the moment who has sold a home to a willing buyer from 2003 to 2007.

What you you really need to do is figure out what your losses are going to look like, explore loan modification, or start to tap into an investor in the form of a family member or a roomate and see if they can’t help subsidize the cost until the next upturn or until you financial situation changes.

By my standards the realator did his job. He sold the home. Unfortunately that was to you. Your hope might be that he is as competent with others.

I don’t presume you want Rustico marketing your home telling every portential buyer not to buy and how unfavorable the market is at the moment. No knock on Rustico.

[Raybyrnes]

When did you realator buy his home? Does he rent? Do you think he had inside knowledge of the downturn or that you were going to struggle financially with the home? How long has he been in the real estate business? Does he have clients that bought 7 or 8 years ago and are singing his praises?

Timing is a bitch. It can make you seem like a hero or a goat. He might still be scum but I unless you feel that he was banking on you going into short sale positiot I would think that he falls into the same category as every other realtor at the moment who has sold a home to a willing buyer from 2003 to 2007.

What you you really need to do is figure out what your losses are going to look like, explore loan modification, or start to tap into an investor in the form of a family member or a roomate and see if they can’t help subsidize the cost until the next upturn or until you financial situation changes.

By my standards the realator did his job. He sold the home. Unfortunately that was to you. Your hope might be that he is as competent with others.

I don’t presume you want Rustico marketing your home telling every portential buyer not to buy and how unfavorable the market is at the moment. No knock on Rustico.

[Raybyrnes]

Rustico,

I got you. Good Post I chuckled.

[Author]

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