Comments for Online Mortgage

Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by Andi

Andi — Mon, 13 Dec 2010 04:43:59 +0000

We see many symptoms like housing, credit, the government etc. but I think there is only one cause: globalization.

Imagine all these different industries/countries/people working separately like big separate machinery. When globalization brought everything together, including these separate parts into one big machine, the gears started girding against each other as they are moving at different speeds and directions, as we have countries at different levels of development.

What’s next? I think the machine is going to grind for a while, just like a gearbox, and will either get into gear or stall. If it stalls though, I imagine it will take a world war to restart it.

I think the solution you are proposing is workable in the short run, but in the long run it will lead to many ruling systems that will eventually need to be integrated into one.

I was watching this video:http://www.laitman.com/animation/ about cogwheels and that got me thinking, how is this all going to end.
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Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by freakboynv2008

freakboynv2008 — Mon, 13 Dec 2010 04:01:59 +0000

your incomplete argument based on the facts that you like and ignoring the facts that you don't like is about as smart as a bus load of retards.
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Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by Paul Grass

Paul Grass — Mon, 13 Dec 2010 03:53:59 +0000

very Intelligent as it is well known that the government deregulated under Billy Cigar Smoking Clinton, and it has always been the democrat party's position to reward incompetence
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Comment on What happens to a second mortgage when a home is purchased at a foreclosure auction? by El_Nimo

El_Nimo — Mon, 13 Dec 2010 03:35:59 +0000

Lets see if I get this right with my mystical magic 8 ball. You’re buying a foreclosed house from the 3rd mortgage spot.

Here’s the only reason why you will buy the house from the 3rd position, the house is worth more than the 1st and 2nd mortgage and the 3rd mortgage together.

I’ll give some numbers to make it work or not work. Lets say the house is worth approximately $425,000. The 3rd mortgage is $10,000 and they are foreclosing. You can pick up the 3rd mortgage for say $5,000. This mean for you to own the house full and clear, at the time of the foreclosure sale you’ll need $355,000 in cash. (technically $70,000 in equity).

So the answer to your question is yes, if you buy this foreclosure, you’ll need to pay the first and second mortgage off plus taxes.
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Comment on What happens to a second mortgage when a home is purchased at a foreclosure auction? by Searchlight Crusade

Searchlight Crusade — Mon, 13 Dec 2010 03:28:59 +0000

When a senior lien forecloses, a junior lien is wiped out.

So if the first mortgage holder forecloses, the second trust deed goes away. If the second forecloses, you’ll still owe the first.

Oftentimes, if a senior lien forecloses, the junior lien holder will send a representative to the auction to defend its interests by making sure the property goes for enough to pay the junior lien as well. Or they buy it themselves with the idea of reselling. Costs money, yes. But better than losing their whole investment.
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Loan Officer and Realtor in San Diego. Website http://www.danmelson.com/

Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by Pied Hussein Piper

Pied Hussein Piper — Mon, 13 Dec 2010 03:15:59 +0000

More intelligent than those who think it wasn't.
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Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by Brad

Brad — Mon, 13 Dec 2010 02:59:59 +0000

you are wrong – the fact is you cannot claim a free market failure when regulation was in place and driving the process.
it’s either one way or the other,a nd in this case regulation and government pressure is completely responsible.
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Comment on What happens to a second mortgage when a home is purchased at a foreclosure auction? by David D

David D — Mon, 13 Dec 2010 02:53:59 +0000

The answer may be here.
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http://www.mortgage.jims-info.com/

Comment on whats up with all these online mortgage brokers and are they safe? by satarnag

satarnag — Mon, 13 Dec 2010 02:25:59 +0000

Check to see if they are legit.

You can download and fill up a loan application without providing any info on my website. My website also tells you what you will need to give to the broker and has a lot of cool tools and information. If, by any chance, you need to provide any info, please type "Do not contact me" in the comments box or just ignore our e-mail.

http://www.amirifinancial.com

Regards
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California Licensed Real Estate Broker and Investor.

Comment on How intelligent is anyone who thinks excessive government interference caused this economic depression? by RLP

RLP — Mon, 13 Dec 2010 02:23:59 +0000

My husband is in the banking industry and has many advanced degrees….HE says that IS the cause!

There were Government mandates to loan money to people who could not afford those loans. And remember the liberals at Bank of America gave CREDIT CARDS to illegal aliens.
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