Recent content by rkp

How would anyone know outside that particular servicer?  I have 4 loans under Wells and 3 under Chase.  If I stopped on all of them and paid in one lump sum after 90 days, I didn't really gain much outside of a 90 day interest free loan.  But if they end up adding that lump sum to the end or...

So accepting what Wells provided becomes a loan mod?  Or is delayed payments for a few months not a loan mod?  Did I do something crazy? 

SGIP - in writing they said no late payment, no foreclosure proceedings, no credit hit.  The worst I can see happen is that all payments are due immediately after the 3 months.  What am I missing?  Obviously people don't gain much sitting on the 3 missed payments and having to back all 3 in...

Wells Fargo is making this super simple.  A couple check boxes and you are automatically approved.  They don't have any clarity on how the repayment will be but it says that it won't show up as a missed or delayed payment.  SGIP - is this what you mean by seeing something in writing? 

Its a a townhouse and not a duplex. 

Why are you calling this a duplex?

Child care is different than spending time with your child and enjoying time with them.

"Do the math, the additional taxes, the childcare expenses, the extra food expenses the other additional expenses, one of them is working for about $1/hr take home." There are many people who would prefer to do work they enjoy than work they do not enjoy.  Food prep and child care isn't the...

The 3 weeks of vacation seems like the norm here in Woodbury.  During the big breaks with year around, everyone is gone for at least a week.  And the property tax is even higher with mello roos. 

Why the heck would a development group not use a commercial firm that handles big transactions like this everyday?

We have a handful of rentals and never needed a property manager.  I have a list of vendors on deck that seem reasonable and tell the tenants to contact them directly for repairs.  I also have a handyman go through once every 6 months for 4 hours to at each property to change air filter and do...

This is volume but not the price.  With heavy downs or all cash, will prices stagnate or drop and if they drop, by how much?

Slaughtered?  They might not get any appreciation in short term but unless rents fall dramatically, the appreciation will be delayed right?  Even in the great recession, rents in OC fell about 10% and better areas barely noticed a drop.  I think speculators rate of return will change but unless...

Singapore has tolls and all sorts of payment schemes and still has massive traffic in the city center. 

What would this rent for?