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Blog 2 hours ago
Shop Loans By The Bottom Line To You, Not By What the Provider Makes

When it comes to mortgage loans, people get distracted by the darnedest things. Let's look at Wal-Mart. You think they got to be the largest...

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Blog 5 days ago
The Benefits and Limitations of Assumable Loans

Every once in a while, the subject of assumable loans comes up. An assumable loan is one where the owner of a property has the ability to pass the...

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Blog 2 weeks ago
Sixty Second Public Service Announcement About Selling Real Estate

Here was an idea I had: Pack a list of the most important things consumers need to know about buying real estate, as packed into the words I can...

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Blog 2 weeks ago
Why Buyers Should Avoid Short Sales

I've been saying this for a long time: Short sales are poison for buyers. I don't know why people encourage buyers to look at short sales, because...

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Blog 3 weeks ago
My Sixty Second Public Service Announcement about Buying Real Estate

Here was an idea I had: Pack a list of the most important things consumers need to know about buying real estate, as packed into the words I can...

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Blog 1 month ago
Consumer Due Diligence on Real Estate and Mortgage Loans

Or: Please don't believe everything you read on the internet! Rarely a week passes by that I don't get a request from someone to link to their...

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Blog 1 month ago
Losing Property Value with Highly Leveraged Properties

(This was originally published March 18th, 2006. I've added a couple updates, but otherwise it's as published. It's still very relevant, and if...

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Blog 1 month ago
The Ideal Listing Commission and its Structure: Performance Based

Here's the real issue about commissions: They need to be structured to incentivize good results - rewarding those agents who do good work,...

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Blog 1 month ago
What Happens When You Can't Make Your Real Estate Loan Payment

I've written a lot here about how to manage your mortgage so that you control it instead of it controlling you. Let's consider what happens when...

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Blog 1 month ago
The Push Towards Bigger Loans: Why It Happened and How Consumers Suffered

One of the consumer attitudes I encounter constantly is the feeling that if you cannot afford the loan, the lender will not loan you the money....

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Blog 1 month ago
How to Tell A Good Real Estate Market Article From A Bad One

Don Henley has a fun song off his second solo album called "Driving With Your Eyes Closed". I can't find a video performance, but here are the...

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Blog 1 month ago
The Basics of 1031 Exchanges

Section 1031 of the IRS Code has to to with tax treatment on the exchange of one parcel of real estate for another. It's similar to Section 1035...

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Blog 2 months ago
Real Estate and the Four Levels of Competence

People who talk about learning skills tend to discuss a model for learning called the conscious competence learning model. It starts with...

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Blog 2 months ago
The Mortgage Loan Market Controls the Real Estate Market

One of the things I keep telling folks about the real estate market, whatever area you live in, is that it is controlled by the loan market. If you...

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Blog 2 months ago
Buyers Who Don't Want A Buyer's Agent

You see it all the time at open houses and elsewhere. People who desperately need buyer's agents, but think of Buyer's Agents in the same way they...

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Blog 2 months ago
First Time Home Buyer Assistance Programs: Locally Based

One of the things people keep asking about is first time buyer programs. They exist, but lenders are not the first place to ask. Why? Because many,...

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Blog 2 months ago
Searchlight Crusade

I have mentioned this form several times in the past as the only form in the entire real estate loan process which is actually required to be...

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Blog 2 months ago
Real Estate Liquidation Auctions

Liquidation auctions were a big thing for a while there. They were just advertising one on all the stations around here. The other agents in my...

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Blog 3 months ago
Still Debating Buy Versus Rent? Run Your Own Numbers

A few years ago, I wrote up a spreadsheet for buying versus renting a home. I got reminded of it a couple days ago with a nonsense article out of...

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Blog 3 months ago
First Time Buyer Programs: The Mortgage Credit Certificate (MCC)

This is a nationwide program for first time home buyers that helps them qualify for the loan by saving them even more money on their tax bill. With...

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Blog 3 months ago
Why You Shouldn't Have All Your Money In Real Estate

Is there any problems with having all your money in only real estate? That was a question I saw. The answer is YES there are problems! 1) No...

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Blog 3 months ago
Buying and Selling Properties with Unpermitted Additions

Unpermitted additions are popular in California because of property tax implications. You see, due to Proposition 13 back in 1978, taxable...

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Blog 3 months ago
How to Sell Your Home Quickly and For The Best Possible Price

There's really nothing mysterious about this. There are some subsidiary tricks and issues, but the most important thing is obvious. The economic...

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Blog 3 months ago
Low Asking Price on Unfinanceable Properties

At any given time, I will usually have at least one set of clients who really need to consider a condo or townhome who nonetheless have their...

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Blog 3 months ago
Buyer's Markets Are A Great Time For Moving Up

I have said repeatedly that buyer's markets are not the time to be selling a property if you have any choice. There is one exception: People...

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Blog 4 months ago
Issues with Family Transfers of Real Estate

"What you need to know about mortgages and real estate. And more." We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20...

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Blog 4 months ago
Real Estate and the Tale of Aesop's Dog (Greed Envy)

At a very young age, my parents bought me a book of Aesop's Tales. Aesop has gone out of style, probably because these are stories with a moral...

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Blog 4 months ago
Quitclaiming Property with a Mortgage

I am currently living with my parents and they wish to deed of gift their house to me but they still have a remaining mortgage on it. Is it...

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Blog 4 months ago
Title Insurance, Unpaid Liens After The Sale, and Subrogation

I sold my house in (state) in august 2001 I hired a title attorney whose (local company X) acted as a agent for (national company Y). The facts are...

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Blog 4 months ago
Impound Accounts Facts and FAQs

I've seen a fair number of questions on impound accounts in the last several months. An impound account, also known by the confusing term escrow...

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