House approves bill to let judges modify loans(11 hours ago) +1 Votes 1 Up 0 Dn

Have nothing to say, being fed up by Obama's Dem follows.
In fact, we don't have to tear down the house to re-build it. I mean we don't have to change the basic rules to such a situation.
Well, let them do whatever they want since they control everything in all the branches of our government. We just do whatever we can, Okay?
So cheer up, I will share an article I wrote today with you: Happy to See It Happen. I Told You So Simple.
http://activerain.com/blogsview/968377/Hppay-to-See-It-happen-I-Told-You-So-Simple-Didnt-I

Happy to See It happen. I Told You So Simple, Didn't I?

15 months ago, I put "The real market value is lower than $60K" in my neighbor's case mentioned in the above article.  At that time I knew the fact that I could buy the non-performing note underlying the property for $20,000, $15,000 or much less.  If nobody is too emotional to base decisions on reason, it is a very realistic goal to accomplish. 

In other words, as NAD purchased the Ernst's note of $150,000 for $96.296, it will cost me, say, $15,000 or less.  And at the end as NAD got $99,900 out of the deal, it will be much easier for me to make a NEW principal of $40,000 loan since I give out more discount of 50-60% compared to NAD's 37%.

Is it difficult to reach my goals to grow the amount of my cost into double, 3 times or 4 times to have my profit in jsut 1 month or 2?   Not really tough, at least not like a mission impossible.   

How do I know that fact?  I bought some properties there and know the local market, right?  I paid better and bigger properties about $16,000-$21,000 in the area by a performance I call it "a legal bank robbery."  I sold them for $55,000-$75,000 at end (my escrow paper can prove it.  In AR, I mentioned I sold a property last January for $72,000.  Guess how much I paid for it?)  

I gave my buyers an opportunity to buy a very decent place as their "affordable" home at 70% market price with easy terms and no FICO score check.  My properties shall be in "heaven" condition as opposed to those inhibitable "Hell" conditions for the average American working class, mentioned in barbara Ehrenreich's book "Nickel and Dimed."  My annual percentage of yield goes more than 200% makes me feel guilty sometimes.  I always wonder: do I have to charge such a huge profit? 

After all, as a real capitalist shall be the one as Mark Haroldson put in his book "Financial Genius" and, as long as my buyer poor folks are happy to make their payment today, less than the rent they used to pay yesterday, and live in a much much better shelter they own, I have my life to support.  If later they encounter hardship, I will be in a better position to help them to reduce their obligations as NAD has done. 

So far, I do thing easy, nature and simple.  I hate complexity.  I don't do anything tricky and fancy as our politicians or those IVY MBA play all kinds of trivia, such as rebate, tax credit or deductible, to make people busy and confused.  By making those small smoke "lip service" stuffs to set qualifications, our politicians are eying on a small branch to disregard the root.  Our government makes more red tape to increase administrative costs to taxpayers, in addition to compete or "challenge" the wisdom of their people to make people's life more miserable and difficult.  

Why so big a powerful government as USA acts like a spoied kid focusing on those small fine and dizzy prints to ignore the key, basic and vital issues or values?  I wonder if they are really in a position of "governing", not acting as a manager as a Maid to daily life activities like sweeping the floor?  (NOTE: sometimes they even spread the toxic germs everywhere.  To better understand the point, please go read Barbara Ehrenreich's great book "Nickel and Dimed" to get the feelings of a Maid she had.)

In the past 5 years, nobody has problems in making payment.  Nobody defaults or unhappy about me.  One of them even paid me off the entire amount of my seller financing in a year after they bought a property from me.

Trust me, it is Knowledge and Vision to overcome the hurdles to easily make a breakthrough, no matter which field it is in scientific, technological, culture, social or economic field.