Check your crime statistics

Buyers of foreclosed homes, or anywhere you are not able to obtain a seller disclosure, make sure you check with the police in the jurisdiction where the home is located.  Even with seller disclosure, this is probably a good idea anyway; the previous owners may have unexplained illnesses, but never discovered the possible reason.

Read the fine print

Giving banks authority to pry at willDo you have a mortgage that was serviced by EMC?  If you missed the mailings, it is now being serviced directly by Chase, and your payment location is rolling to the Chase website.

Although other information is migrated from the EMC database, your pay-from accounts need to be re-verified in the new system.  Chase offers you two options:  the traditional deposit and verify or “Instant Verification System.”  I’m a fine print reader.  Although the IVS appealed to me so I could get on with paying the mortgage, I took the time to read.  In Internet verbiage, OMG.  Continue reading “Read the fine print”

Outside the box

As a child, did you ever know anyone who purposely got in trouble in order to be sent to the principal’s office?  Usually it was either a crush on the administrator or more likely, a test to be avoided.

The Associated Press gets high marks for a story today about the continuation of robo-signing, which we thought was dealt with because we’re decent folk, aren’t we?  We get told, “Don’t do that,” so we don’t!  Or maybe not.

The AP uncovered not only foreclosure documents still being signed, but also other types of real estate papers, citing mortgage discharge documents in one particular instance.  What the AP didn’t do is figure out if the banks are perpetrating a naughty in order to get sent to the principal’s office. Continue reading “Outside the box”

Shoot yourself in the foot

I feel “under the gun” today.  I just had coffee with a very nice representative of Old Republic Title Company and during our discussion he mentioned having read this blog.  He also said it appeared I updated it regularly.  Ack!  The pressure.  Ommmmmmm.  OK, I’m better now, but definitely feel the need to pull out a draft I was working on and get it into everyone’s eager waiting hands.

Disclaimer – I spilled coffee on my desktop keyboard this morning.  It’s been sent through the wash and rinse cycle (just kidding, sort of) and is now drying out.  I am typing on my laptop, connecting remotely and making all “soorts” of keyboard errors on the smaller keypad.  Bear with me, leave me your cryptic editing notes and I promise I’ll fix the “ishews” later!

Today’s topic?  How to kill a really excellent deal.

Continue reading “Shoot yourself in the foot”

Doing investing, Egyptian style

Treading some thin water here, so read between the lines.

Money doesn't grow on trees, but under certain conditions, floats upwards

This is not a posting about the unsettling in the Middle East, although it will ultimately trickle down to both investment and “retail” real estate.  Rather one (or perhaps more) of the investing guru’s you may have heard of or encountered is offering not only real estate knowledge, but the possibility of even more money in the form of nutritional/well being products.  I know this because we have been offered this great opportunity (didn’t take it), have talked with several people who got in at that time, and was reminded again this morning when a young man who is working hard at his business sent me a lovely opportunity note.  I haven’t confirmed with him yet whether it was Company X, but I’m willing to bet that it is.  Company X is running in investor circles. Continue reading “Doing investing, Egyptian style”


Quasi autonomous non-governmental organizationI learned a new word today.  I found it reading an article in the British press about entities which the coalition government is targeting for closure, to help with the budget issues facing their government.  What struck me was the extensive list they had to choose from.  I kept scrolling and scrolling and scrolling and scrolling and scrolling and scrolling …

Then I started to do the math.  If each one of these entities employed 15 people (and you know it takes that many just to push the elevator buttons in some organizations), and if they paid each of those people a mere £35,000 a year (that’s Alt+0163 for those of you wondering, “How can I put a pound sign on my numbers?”), what sort of bunker busting number would we come up with?  As I didn’t actually count all the title listings, we’ll just say, way more money than we would need to buy a small house in the country and fill up all the sinks with precious stones.

Continue reading “Quango”

Potential Scam Alert

August 11, 2010. Multiple brokers have encountered the following scam: A foreign buyer contacts the listing broker offering to purchase the property sight-unseen. The buyer can verify funds for the purchase. The buyer sends a cashier’s check to escrow for a portion of the purchase price, which appears to be a valid check. The buyer then contacts escrow and asks escrow to send a portion of the funds back to the buyer. The cashier’s check turns out to be fake. Please be cautious if you encounter a similar situation.

Northwest Multiple=Information courtesy of the NWMLS

Craigslist Rental Scam

January 28, 2010. NWMLS has been notified of a scam involving the placement of active residential listings on Craigslist as rentals. The perpetrator is posting the address, listing photos, and marketing remarks in these false ads. When a consumer inquires about the property, the scam artist responds and states that he is in West Africa for a prayer crusade and asks the consumer to fill out a rental application, which seeks personal information from the consumer. Continue reading “Craigslist Rental Scam”