[temeculaguy]

I’d say go with Rich’s guy, already one poster backed up the advice and if he had screwed someone, the peanut gallery here would have tore him a new one. I plan on using a few of the pro’s that are regulars on this site in future transactions because their reputation is much more on the line in this forum than some clown with an ad on the radio.

As far as combining insurance and investments, i’ve never found them to be the best way to go and I made a few errors as a young man when it came to whole or universal policies. If she has no dependants that she supports, much life insurance isn’t really needed, if she does have dependants reliant on her for financial support, term is usually the best bet. For long term or nursing care, a combination of a nest egg and some specific insurance for that is better. The fact that she wont be needing that care in the near future will make it much cheaper, easier to get and she can keep it, if she needed it very soon, she wouldn’t be able to get it or it would be expensive. It isn’t the best play in the market but i have it and it makes me feel good. I bought it in my early 30’s from someone who I still trust and the payments are negligible and there is a sunset clause so I actually stop paying for it this year or next but the coverage stays in effect forever. At the time I had a relative that works in hospital administration and specialized in nursing home placements and benefits analysis, I ran it by them and they were familiar with the plan and company behind it, at the time they endorsed it. I’d name it but it isn’t publicly available at those rates because it was an employer subsidized thing, which is what made it pencil out since I wasn’t really laying out all the cash but using credits ( I tend not to scrutinize free money like I do my money). My relative isn’t in that specialty anymore but calling a nursing home billing department and asking wouldn’t hurt, they know the medicare/priv insurance stuff and you can probably sweet talk some advice that even the sellers of a plan don’t understand. The crappy thing about insurance is that karma usually wins. I visited a long time friend in the hospital today who is way to young to be as sick as he is and while he is adequately insured he didn’t take the policy i did when he had the chance and looks like he will need it. I’ll probably get hit by a bus and never get to utilize it, so can’t win anyway, it just helps you sleep.

[temeculaguy]

I’d say go with Rich’s guy, already one poster backed up the advice and if he had screwed someone, the peanut gallery here would have tore him a new one. I plan on using a few of the pro’s that are regulars on this site in future transactions because their reputation is much more on the line in this forum than some clown with an ad on the radio.

As far as combining insurance and investments, i’ve never found them to be the best way to go and I made a few errors as a young man when it came to whole or universal policies. If she has no dependants that she supports, much life insurance isn’t really needed, if she does have dependants reliant on her for financial support, term is usually the best bet. For long term or nursing care, a combination of a nest egg and some specific insurance for that is better. The fact that she wont be needing that care in the near future will make it much cheaper, easier to get and she can keep it, if she needed it very soon, she wouldn’t be able to get it or it would be expensive. It isn’t the best play in the market but i have it and it makes me feel good. I bought it in my early 30’s from someone who I still trust and the payments are negligible and there is a sunset clause so I actually stop paying for it this year or next but the coverage stays in effect forever. At the time I had a relative that works in hospital administration and specialized in nursing home placements and benefits analysis, I ran it by them and they were familiar with the plan and company behind it, at the time they endorsed it. I’d name it but it isn’t publicly available at those rates because it was an employer subsidized thing, which is what made it pencil out since I wasn’t really laying out all the cash but using credits ( I tend not to scrutinize free money like I do my money). My relative isn’t in that specialty anymore but calling a nursing home billing department and asking wouldn’t hurt, they know the medicare/priv insurance stuff and you can probably sweet talk some advice that even the sellers of a plan don’t understand. The crappy thing about insurance is that karma usually wins. I visited a long time friend in the hospital today who is way to young to be as sick as he is and while he is adequately insured he didn’t take the policy i did when he had the chance and looks like he will need it. I’ll probably get hit by a bus and never get to utilize it, so can’t win anyway, it just helps you sleep.

[temeculaguy]

I’d say go with Rich’s guy, already one poster backed up the advice and if he had screwed someone, the peanut gallery here would have tore him a new one. I plan on using a few of the pro’s that are regulars on this site in future transactions because their reputation is much more on the line in this forum than some clown with an ad on the radio.

As far as combining insurance and investments, i’ve never found them to be the best way to go and I made a few errors as a young man when it came to whole or universal policies. If she has no dependants that she supports, much life insurance isn’t really needed, if she does have dependants reliant on her for financial support, term is usually the best bet. For long term or nursing care, a combination of a nest egg and some specific insurance for that is better. The fact that she wont be needing that care in the near future will make it much cheaper, easier to get and she can keep it, if she needed it very soon, she wouldn’t be able to get it or it would be expensive. It isn’t the best play in the market but i have it and it makes me feel good. I bought it in my early 30’s from someone who I still trust and the payments are negligible and there is a sunset clause so I actually stop paying for it this year or next but the coverage stays in effect forever. At the time I had a relative that works in hospital administration and specialized in nursing home placements and benefits analysis, I ran it by them and they were familiar with the plan and company behind it, at the time they endorsed it. I’d name it but it isn’t publicly available at those rates because it was an employer subsidized thing, which is what made it pencil out since I wasn’t really laying out all the cash but using credits ( I tend not to scrutinize free money like I do my money). My relative isn’t in that specialty anymore but calling a nursing home billing department and asking wouldn’t hurt, they know the medicare/priv insurance stuff and you can probably sweet talk some advice that even the sellers of a plan don’t understand. The crappy thing about insurance is that karma usually wins. I visited a long time friend in the hospital today who is way to young to be as sick as he is and while he is adequately insured he didn’t take the policy i did when he had the chance and looks like he will need it. I’ll probably get hit by a bus and never get to utilize it, so can’t win anyway, it just helps you sleep.

[temeculaguy]

I’d say go with Rich’s guy, already one poster backed up the advice and if he had screwed someone, the peanut gallery here would have tore him a new one. I plan on using a few of the pro’s that are regulars on this site in future transactions because their reputation is much more on the line in this forum than some clown with an ad on the radio.

As far as combining insurance and investments, i’ve never found them to be the best way to go and I made a few errors as a young man when it came to whole or universal policies. If she has no dependants that she supports, much life insurance isn’t really needed, if she does have dependants reliant on her for financial support, term is usually the best bet. For long term or nursing care, a combination of a nest egg and some specific insurance for that is better. The fact that she wont be needing that care in the near future will make it much cheaper, easier to get and she can keep it, if she needed it very soon, she wouldn’t be able to get it or it would be expensive. It isn’t the best play in the market but i have it and it makes me feel good. I bought it in my early 30’s from someone who I still trust and the payments are negligible and there is a sunset clause so I actually stop paying for it this year or next but the coverage stays in effect forever. At the time I had a relative that works in hospital administration and specialized in nursing home placements and benefits analysis, I ran it by them and they were familiar with the plan and company behind it, at the time they endorsed it. I’d name it but it isn’t publicly available at those rates because it was an employer subsidized thing, which is what made it pencil out since I wasn’t really laying out all the cash but using credits ( I tend not to scrutinize free money like I do my money). My relative isn’t in that specialty anymore but calling a nursing home billing department and asking wouldn’t hurt, they know the medicare/priv insurance stuff and you can probably sweet talk some advice that even the sellers of a plan don’t understand. The crappy thing about insurance is that karma usually wins. I visited a long time friend in the hospital today who is way to young to be as sick as he is and while he is adequately insured he didn’t take the policy i did when he had the chance and looks like he will need it. I’ll probably get hit by a bus and never get to utilize it, so can’t win anyway, it just helps you sleep.

[temeculaguy]

This is all noise, almost nobody will be saved, not the market, not those distressed, it will pass just before the elections, make people feel warm and fuzzy, get their votes and then it wont work for them.

Think of a real person that you know is in distress and use their numbers, I’ll give a conservative scenario.

Someone buys a zero down home for 500k on 100k income and gets a payment in the neighborhood of 2500 with a reset closer to 3500 to 4000 and cant float it any longer. Somehow they managed to not go into any cc debt, have a $400 car payment and never missed a payment. Their value is down to 400k so the FHA will let them refi into an 80% LTV so all they can borrow is 320k and they can just about qualify for 320k with those numbers. So if they can find 180k under a rock, they can get in on this new lifesaving program. If the bank wants to eat 180k they can let them out. But why would the bank let them is the true value is 400k, even with repo fees they stand to do better than 80k in the hole, this person has still not missed a payment and they are still profiting from the loan.

Apply the real world scenario of less income, greater loss in value, missed payments, higher car payments, credit cards debt, etc., etc. and the feasablity declines even more. So even in a goldilocks scenario it doesn’t pencil out, add some spices and it really doesn’t work. Oh Yeah, i forgot, by the time this things even passes the interest rate will be higher and values will be lower, nobody actually is helped but it looks like they tried and they cared. It’s all noise, it has never been anything but noise, stop worrying, the invisible hand is on it’s way.

[temeculaguy]

This is all noise, almost nobody will be saved, not the market, not those distressed, it will pass just before the elections, make people feel warm and fuzzy, get their votes and then it wont work for them.

Think of a real person that you know is in distress and use their numbers, I’ll give a conservative scenario.

Someone buys a zero down home for 500k on 100k income and gets a payment in the neighborhood of 2500 with a reset closer to 3500 to 4000 and cant float it any longer. Somehow they managed to not go into any cc debt, have a $400 car payment and never missed a payment. Their value is down to 400k so the FHA will let them refi into an 80% LTV so all they can borrow is 320k and they can just about qualify for 320k with those numbers. So if they can find 180k under a rock, they can get in on this new lifesaving program. If the bank wants to eat 180k they can let them out. But why would the bank let them is the true value is 400k, even with repo fees they stand to do better than 80k in the hole, this person has still not missed a payment and they are still profiting from the loan.

Apply the real world scenario of less income, greater loss in value, missed payments, higher car payments, credit cards debt, etc., etc. and the feasablity declines even more. So even in a goldilocks scenario it doesn’t pencil out, add some spices and it really doesn’t work. Oh Yeah, i forgot, by the time this things even passes the interest rate will be higher and values will be lower, nobody actually is helped but it looks like they tried and they cared. It’s all noise, it has never been anything but noise, stop worrying, the invisible hand is on it’s way.

[temeculaguy]

This is all noise, almost nobody will be saved, not the market, not those distressed, it will pass just before the elections, make people feel warm and fuzzy, get their votes and then it wont work for them.

Think of a real person that you know is in distress and use their numbers, I’ll give a conservative scenario.

Someone buys a zero down home for 500k on 100k income and gets a payment in the neighborhood of 2500 with a reset closer to 3500 to 4000 and cant float it any longer. Somehow they managed to not go into any cc debt, have a $400 car payment and never missed a payment. Their value is down to 400k so the FHA will let them refi into an 80% LTV so all they can borrow is 320k and they can just about qualify for 320k with those numbers. So if they can find 180k under a rock, they can get in on this new lifesaving program. If the bank wants to eat 180k they can let them out. But why would the bank let them is the true value is 400k, even with repo fees they stand to do better than 80k in the hole, this person has still not missed a payment and they are still profiting from the loan.

Apply the real world scenario of less income, greater loss in value, missed payments, higher car payments, credit cards debt, etc., etc. and the feasablity declines even more. So even in a goldilocks scenario it doesn’t pencil out, add some spices and it really doesn’t work. Oh Yeah, i forgot, by the time this things even passes the interest rate will be higher and values will be lower, nobody actually is helped but it looks like they tried and they cared. It’s all noise, it has never been anything but noise, stop worrying, the invisible hand is on it’s way.

[temeculaguy]

This is all noise, almost nobody will be saved, not the market, not those distressed, it will pass just before the elections, make people feel warm and fuzzy, get their votes and then it wont work for them.

Think of a real person that you know is in distress and use their numbers, I’ll give a conservative scenario.

Someone buys a zero down home for 500k on 100k income and gets a payment in the neighborhood of 2500 with a reset closer to 3500 to 4000 and cant float it any longer. Somehow they managed to not go into any cc debt, have a $400 car payment and never missed a payment. Their value is down to 400k so the FHA will let them refi into an 80% LTV so all they can borrow is 320k and they can just about qualify for 320k with those numbers. So if they can find 180k under a rock, they can get in on this new lifesaving program. If the bank wants to eat 180k they can let them out. But why would the bank let them is the true value is 400k, even with repo fees they stand to do better than 80k in the hole, this person has still not missed a payment and they are still profiting from the loan.

Apply the real world scenario of less income, greater loss in value, missed payments, higher car payments, credit cards debt, etc., etc. and the feasablity declines even more. So even in a goldilocks scenario it doesn’t pencil out, add some spices and it really doesn’t work. Oh Yeah, i forgot, by the time this things even passes the interest rate will be higher and values will be lower, nobody actually is helped but it looks like they tried and they cared. It’s all noise, it has never been anything but noise, stop worrying, the invisible hand is on it’s way.

[temeculaguy]

This is all noise, almost nobody will be saved, not the market, not those distressed, it will pass just before the elections, make people feel warm and fuzzy, get their votes and then it wont work for them.

Think of a real person that you know is in distress and use their numbers, I’ll give a conservative scenario.

Someone buys a zero down home for 500k on 100k income and gets a payment in the neighborhood of 2500 with a reset closer to 3500 to 4000 and cant float it any longer. Somehow they managed to not go into any cc debt, have a $400 car payment and never missed a payment. Their value is down to 400k so the FHA will let them refi into an 80% LTV so all they can borrow is 320k and they can just about qualify for 320k with those numbers. So if they can find 180k under a rock, they can get in on this new lifesaving program. If the bank wants to eat 180k they can let them out. But why would the bank let them is the true value is 400k, even with repo fees they stand to do better than 80k in the hole, this person has still not missed a payment and they are still profiting from the loan.

Apply the real world scenario of less income, greater loss in value, missed payments, higher car payments, credit cards debt, etc., etc. and the feasablity declines even more. So even in a goldilocks scenario it doesn’t pencil out, add some spices and it really doesn’t work. Oh Yeah, i forgot, by the time this things even passes the interest rate will be higher and values will be lower, nobody actually is helped but it looks like they tried and they cared. It’s all noise, it has never been anything but noise, stop worrying, the invisible hand is on it’s way.

[temeculaguy]

Ex-Sd, thanks for the link and oc, thanks for the content. It makes sense and is consistent with what I see. It’s still frustrating but easier to cope with now that you have shown evidence of a trend. I can plan for and anticipate trends, I hate mysteries especially those that run counter to logic.

[temeculaguy]

Ex-Sd, thanks for the link and oc, thanks for the content. It makes sense and is consistent with what I see. It’s still frustrating but easier to cope with now that you have shown evidence of a trend. I can plan for and anticipate trends, I hate mysteries especially those that run counter to logic.

[temeculaguy]

Ex-Sd, thanks for the link and oc, thanks for the content. It makes sense and is consistent with what I see. It’s still frustrating but easier to cope with now that you have shown evidence of a trend. I can plan for and anticipate trends, I hate mysteries especially those that run counter to logic.

[temeculaguy]

Ex-Sd, thanks for the link and oc, thanks for the content. It makes sense and is consistent with what I see. It’s still frustrating but easier to cope with now that you have shown evidence of a trend. I can plan for and anticipate trends, I hate mysteries especially those that run counter to logic.

[temeculaguy]

Ex-Sd, thanks for the link and oc, thanks for the content. It makes sense and is consistent with what I see. It’s still frustrating but easier to cope with now that you have shown evidence of a trend. I can plan for and anticipate trends, I hate mysteries especially those that run counter to logic.

[temeculaguy]

For a minute I thought you were going to reference the post I made on the geography poll regarding India. I was half asleep but remembered it was funny and wanted to reread it, yet it was gone from the top ten and I couldn’t find it either.

Yes I was on a rant, in fact tonight I checked it and 20 more nots were added to go back to the bank this week, yet only two or three new listings in the last two days. I have checked, but not on all of them so you may be right, there might be people delaying with short packages but those should end up listed at least. Could they be going to private investors without hitting the market, maybe some but not the volume I’m missing. I don’t believe in voluntary holdbacks either, it’s probably just overworked REO divisions. I’ll give it a few more weeks to come through, as sales slow and rates rise the reo folks should catch up. I just need more volume of must sells, inventory is falling, multiple offers are increasing, I refuse to believe that I may be wrong about this whole reverse flipping, that all the Fb’s are finding way to keep their houses, it is just so much easier to subscribe to the evil conspiracy theory.

Another part of that rant was the out of town (L.A. and O.C.) realtors with heavy accents (that is a gift, I can barely understand anything they say and it’s not english or spanish). Why would banks list with out of town realtors who are clueless about an area and even more clueless about R/E in general. It isn’t just a few examples, it’s fairly common. In some cases I may choose to play lowball with the listing agent (waiting hawk’s tactic revisited), we both understand the situation, they are aware of certain comps and addresses when I quote them and it’s just easier to cut the crap and not play “post bubble 101.” Are those agents charging so much less that the banks won’t go local. The last guy I talked to, Muhammad Al something or other, turned out to be a college student working under a broker who hadn’t a clue about anything. Nice kid, through our conversations at least I taught him what prop 13 was about and how property taxes are calculated. I also let him in on the whole home owners association fees thing and how gated communities are required to pave their own roads and pay their own streetlights, that is why a gate adds $100 a month because taxes wont pay for what the public cannot enjoy. He was pretty happy learning that some streets are private, how taxes are figured and how hoa’s manage certain things and how as a real estate professional these tidbits of information may come in handy someday. I lost him when i tried to convince him that the multicultuaral style of play invading the NBA is a good thing even if Pao, Sasha, Vlade, Mbenga and Turiaf couldn’t get it together against the celts. I explained that the rich history of certain rivalries and the power of fans such as those at the garden can totally change the game, I went on with some complaints about the officiating but I lost him pretty much after the third word I spoke, so i decided to not even discuss the complexities of the Patriots and spygate. If school is in session, it’s time to learn, but at least he picked up on the real estate taxes concept and how that affects marketability. But I digress.

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