ARCHIVED BLOG POSTS
2012
In 1981 I did my first very big loan it was a $1,000,000 second mortgage in Hollywood to a national and world celebrity entertainer... Before the crash in April of 2007 I wrote an $8,500,000 residential loan Last week we got a $1,000,000 loan approved in one day I am an expert and comfor...
05/31/2012
It makes sense for Realtors and Mortgage Brokers to be part of a business network group. I am part of a group Top Flight Business Network Group | In San Jose CA . Recently I did a presentation at a Chamber of Commerce and noticed that some Realtors and Mortgage Brokers are members of several ne...
05/22/2012
You can go fast and get your job done well and still customers can be un-happy. The Realtor asked if I could do a 10 day loan approval and 10 day appraisal. My answer was simply "yes." So a contract is signed on a Saturday and I am finally made aware of this on Monday afternoon - late in the ...
05/21/2012
At this time 80% of our HARP 2.0 loans are being turned down and we cannot determine reasons. I complained to one bank about a customer who is 150% loan to value (within guidelines) 47% debt ratio (within guidelines) and a credit score of 659 (within guidelines). The reply that came back is that...
05/16/2012
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Here are some upcoming financial events in Santa Clara County Unlocking Social Security workshop May 22 at the Campbell Community Center, 1 West Campbell Ave room E42. RSVP to Solutions Wealth Management (408) 370-3303 5:30-7:30 PM no charge Economic Outlook- John E. Silvia - Chief Econo...
05/14/2012
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A major key to direct sales is to be known by a lot of people. But sometimes people don't want to see you coming. "There's that insurance salesman", or Realtor, or Financial Planner. Many people are simply not on the same wave length that you are on and don't want to talk shop but you have an obl...
05/14/2012
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People ask me how I got into magic and when on stage I have a funny and off color answer. The answer gets laughs and groans. The truth about how I got into magic is that magic found me. It came looking for me. I was helping teach a class for a sales class and we taught our students to use showm...
05/10/2012
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This is an email I just sent to the banks I do business with regarding HARP 2.0 loans. Does anyone out there know a better guideline or perhaps lending source? I need help on the HARP 2.0 - Originally I read the Fannie Guidelines from their own web site but I am confused. We submitted a loan...
05/09/2012
The perfect HARP 2.0 Candidate Purchased home for $500,000 and have a mortgage of $300,000. The home has gone down in value to $400,000 Husband and wife both have jobs and the debt ratio is 31/34 The couple has and IRA worth $70,000 Credit score is 722 for Mr and 738 for Mrs. Doug Jones...
05/08/2012
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"Things that matter the most must never be at the mercy of things that matter least." Goethe Names and Sounds - Judges rated two beauty contestants without names attached and the judging was 50/50. Researchers gave the name of Jennifer to one of the contestants and Gertrude to the other. Now ...
05/07/2012
Rainmaker
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Doug Jones
Mortgage Broker - NMLS 286668