You may have heard reference to the "Credit Window".You haven't? You will soon because it's closing!Don't worry, it won't close all the way, just part way.Maybe a little explanation is in order.The term refers to the availability and ease of granting credit.You've read the headlines and heard of...

03/30/2007

My invitation must have been lost in the mail...

1 Comments

I know there's a big party in Oakland tonight!It's the 50th birthday bash of the Oakland Chapter of the Hells Angels!I know where the party is - Foothill Blvd and 40th Avenue in Oakland.I can bring my bike. I can bring my leathers too. But as a sport tourer, I may just seem a little out of place...

03/30/2007

The D Word

2 Comments

Let me take you back to the 70's...1977 to be specific.I had just graduated from Las Lomas High School in Walnut Creek, CA.It was a hot dry summer but more importantly I remember they called it a drought.Technically a drought is more than one year. A single year is called a "dry spell".This was a...

03/30/2007

Be Careful Out There!

3 Comments

I just read a story in my local paper. The local police here are warning Realtors about a registered sex offender. They say he hasn't yet done anything wrong but they are concerned. Why?Because this Bad Guy has been posing as a home buyer and visiting real estate offices and open houses. But "He...

03/27/2007

Jargon-R-Us!

0 Comments

I had to laugh as I sent out an email to wholesale reps this morning describing a difficult loan I was working on.I laugh because of the H.D.C. (High Density Conversations) we use in the business.Here's my scenario:Purchase, SFR, $1.9 Million, 63% LTV,SIVA, 1099, or possibly No Ratio,Assets sour...

03/26/2007

I've been Phished!

3 Comments

Not Fished, but Phished.I warned about this a while ago when a friend of mine was caught by a Phishing scam as he was selling something on eBay. http://activerain.com/blogsview/48462/Ebay-Scam-Beware-PhishingI warned that if they are scamming the sellers - just wait, they'll be scamming the buye...

03/23/2007

Pinky's Re-Opens!

0 Comments

Good News Walnut Creek!I had reported that they had to sadly close their doors along with Sunrise Bakery due to a dispute between the landlord and PG&E. (original story) Pinky's Pizza is back in business. The Power has been turned back on and they are open and functioning. Tomorrow night is Mot...

03/21/2007

The Fed's and Britney

1 Comments

+ + = ? When we say the Fed's, we're talking about the FOMC.That stands for the Federal Open Market Committee.Sometimes they'll be called the Federal Reserve Board.And then sometimes they are called other words to nasty to print here.No matter what you call them they quietly go about their busin...

03/21/2007

Commercial is Different

6 Comments

My main project today is to get to started on a 6 Unit Complex refinance. (Obviously this isn't the property)This is a new client. We met and discussed ideas last week and very late on Friday she bought in the paperwork I requested.Since she is a new client, I'm starting from scratch.I don't know...

03/19/2007

Price Redutions and Listing Contracts

0 Comments

I attended our local Realtor marketing meeting this morning. (CCRIM)33 homes on the Caravan Tour, split into three different tours. They, the agents, are all viewing the houses now.I'm back at the office. (I only do financing, and strongly believe in doing one thing and doing it well) But I was ...

03/13/2007