credit reports: ALWAYS MAKE AN EFFORT TO PAY THE RENT
- 03/27/13 12:54 AM
Delinquent rent is not good for all parties involved. Good tenants run into bad circumstances and the result can be like a domino effect for all if not checked. Sometimes it may "pay" for all to make allowances and work through the hardship. The alternative can be a costly eviction, a loss of rent, additional expenses to re-rent and the unknown too.
DON'T GO FROM BAD TO WORSE
For the tenant, it can be the start of a bad credit report, joining a public registry of non-payers and create a circumstance where it gets worse and worse yet. Judgments for non-payment of rent, damages … (2 comments)
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credit reports: CREDIT REPORTS SHOULD BE ACCURATE TO BEGIN WITH
- 02/25/13 05:07 AM
I have an issue with credit reporting and it goes like this. These so-called credit reporting agencies find or fish things out and they pay no mind to accuracy or current or reliable data. Instead, they just take it and put it on your report. Then, it is up to the person to go through all the hoops to correct something that isn't quite right
IT'S MY PROBLEM NOW?
Now why is it my problem to correct wrong information. It puts a consumer on the defensive instead of receiving customer servicing, we find ourselves having to clean up someone elses poor … (6 comments)
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credit reports: BREAD AND BUTTER verus INVESTMENT MONEY LOSS NOT THE SAME THING part 2
- 08/12/11 03:32 AM
In part one, we have identified loss by investors who play the stock market and loss by ordinary homeowners at large. Both have lost significant amounts and continue to do so. Only one in theory has lost more than the other and perhaps can recover quicker. Spreading around the OFF-SET may help in the long run. Doing nothing is not an option
HOUSTON...WE HAVE A PROBLEM
Well that is what happened when Real Estate crashed for some. It took everything they owned, worked for and counted on. Yet you have investors who invested in Real Estate who took losses when it … (2 comments)
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credit reports: BREAD AND BUTTER verus INVESTMENT MONEY LOSS NOT THE SAME THING part 1
- 08/12/11 03:30 AM
If a person loses $100,000 dollars which is all they had and other person loses $500 dollars which is all they had, didn't they both lose all they had? The pain of losing it all irregardless of the amount is felt. Now supposing someone loses their home, their job, their savings and another person loses some money in an investment, well you can see someone lost more than the other
WE NEED OUT OF THE BOX CREATIVE THINKING
Please, I am trying to make a point here. Investors operate on the premise to never invest more than you can lose. That … (0 comments)
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credit reports: REAL ESTATE TASK FORCES ARE BEING FORMED after THE HORSES LEFT THE BARN
- 05/24/11 03:38 AM
We are always true to one thing and that is human nature. You see, we are most available after the fact, loss or the damage has been done. That is how most human beings learn is when they lose something or get damaged by it. Now, you can expect 15-20 million homes will have been foreclosed on before this error is discovered or corrected. Un-monitored and un-restrained fraud needs to be reigned in.
UNTIL WE GET CAUGHT..ITS OKAY
Unethical opportunists abound and agents, attorneys, loan officers, appraisers and investors got tempted to push the envelope and mine the gold using any … (3 comments)
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credit reports: RENTALS...A LOT OF WORK UNTIL THE RIGHT PEOPLE MEET UP
- 04/28/11 03:56 AM
It is not easy to rent property out now a days and to seek out properties for rent either. Both landlords and tenants have their hands full. Landlords want the rent paid on time and the common sense rules obeyed. Prospective tenants want a safe and affordable place to stay...so what is the problem?
Landlord Risk
Well here in Riverside County in California, evictions are given low priority in the courts. Consequently that means that if there is a dispute and the tenant doesn't pay rent for some reason, the Landlord will have to sustain the mortgage for months even up … (4 comments)
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credit reports: HARD CHOICES FOR RENTERS, BORROWERS, AND DEBTORS...woe unto them
- 04/13/11 04:38 AM
Please be advised that this post subject matter is a depressing reality and may be shocking to some. It may also not be suitable for many. It is my hope that those that are moved by it, may perhaps become more aware of those that are in it over their heads, and be moved to act.
THE SILENT MINORITY?
The consumer, the driving mandatory force of our country, is at risk now more than ever. If you are renting a property and failed to make payment, an eviction hangs over your head. If you owned a home and stopped paying the … (9 comments)
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credit reports: RENTAL MARKET STILL GOING THROUGH TOUGH CHANGES.....
- 04/07/11 04:23 AM
I manage a couple of rentals that are like temperature gauges for the local economy. People respond to my ads but not everyone who calls... qualifies. I took to posting the qualifications on site so when people go to see the houses, they know what to expect. That has reduced the number of calls, but I still get some interesting inquiries
EVERYONE IS WELCOMED
Just about everyone calling is a nice, decent person. A few just hang up once they discover that they don't qualify. Everyone has a story to tell too. I get calls from students, self-employed people, authors, divorcees, … (4 comments)
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credit reports: WILL THE CURRENT REAL ESTATE CYCLE....R.I.P. (rest in peace)...PLEASE
- 11/22/10 01:54 AM
There have been 17 previous cycles in the Real Estate arena that all tell a story. They come and go and each tell a story. The economy expands and shrinks like a set of lungs at work. The exhale is necessary to clean out the current space and...... the inhale is for newness to enter.
WILD CARDS....
Things like 911 really throw a monkey wrench in analyzing Real Estate cycles....911 was a dynamic that is so diverse with the affects of it still lingering. Cycles that are manipulated for gains or losses don't do analysts justice either..
SOMETHING THAT WAS BURIED....SURFACED
… (5 comments)
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credit reports: BANK OF AMERICA MORTGAGE STORY....MY CLIENT GONE...BUT NOT FORGOTTEN.....
- 11/16/10 02:48 AM
I had a chance to revisit with a past client that is OK right now. The issue came up as to whether he should sue his mortgage company (BofA) for bad faith, fraud, and ......? My client shared his story and I will share it with you. About 2 years ago, months before my client was to be laid off, he tried to renegotiate lower payments.......
WHAT REALLY HAPPENED...
This man and his family had excellent credit, always paid their bills and being pro-active realized that rough times were coming. what does an honest man do...? He contacts his bank and … (19 comments)
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credit reports: ABANDON SHIP...WALK A WAY TODAY FROM THAT MORTGAGE...ABANDON SHIP
- 08/21/10 04:19 AM
Abandon ship......Abandon ship...please proceed in an orderly fashion allowing women and children primary consideration and access to all safe escape routes. Men to follow immediately thereafter....AND there you have my position on this ongoing....reoccurring subject of MORTGAGES.... STAY & PAY vs WALK A WAY & LIVE TO BUY ANOTHER DAY
We all know the arguments. One camp says, this investment isn't paying out, wont recover, is a losing proposition and I am letting it go....The other camp says, it is immoral, unethical, lacks honesty and integrity, injures your character and sets a bad example. Which ever side you choose.......AND IF YOU … (11 comments)
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credit reports: CREDIT SCORES....TAKE NO PRISONERS.......EAT THE WOUNDED..... WHY?
- 07/28/10 11:22 AM
As we TRUDGE through this economy accepting the failure of Real Estate, the dispossessing of tens of millions of people from their homes, from historic job losses, failed stock market ventures, record bankruptcies, and Acts of God such as earthquakes, oil spills and hurricanes, IF THAT IS NOT ENOUGH.......Our systems have finally and I believe fatally been turned on US......or our fellow man...his family, wife & children.
We have successfully blemished and black-marked everyone who has defaulted on their line of credit. Oh, not just a slap on the wrist mind you, but when we punish, we do it right....all the … (12 comments)
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credit reports: FHA..........FORGIVE & FORGET PROGRAM........President Obama please.....
- 07/23/10 09:34 AM
We all know that the loan modification programs aren't working. They cannot work and were never designed to work....but that is another post. Consequently, foreclosures are here to stay, and will run their unnatural course leaving much destruction in their wake. How can you have a borrower who owes $400k on a home that is worth only $175k ever hope to catch-up or make sense out of the current investment they are in?
Real Estate has to correct itself and cannot be regulated. It runs on the principals of a ready willing and able buyer and seller to set values together … (35 comments)
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credit reports: CHASE BANK..........CHASES HOMEOWNERS.... INTO THE STREETS
- 06/29/10 05:40 AM
Before I begin I want you to know that Bank of America is the uncontested leader in dispossessing people, foreclosing, evicting and mistreating people BAR NONE in this industry. The honor of second position goes to CHASE bank.........
IS CHASE BANK RUNNING TO HELP YOU.....OR RUNNING AFTER YOU..?
Yes, the bank that you and I bailed out with our hard earned money so that they could survive, prosper, keep employees, continue to pay their taxes and resume banking business.... took your HELPING HAND and is using it to evict, foreclose and run around honest, decent homeowners who apply to them for … (12 comments)
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Delinquent rent is not good for all parties involved. Good tenants run into bad circumstances and the result can be like a domino effect for all if not checked. Sometimes it may "pay" for all to make allowances and work through the hardship. The alternative can be a costly eviction, a loss of rent, additional expenses to re-rent and the unknown too.
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