Set Aside Foreclosure and Decree and Motion for New Trial
By: Kenneth DeLashmutt
Prove Up of the Claim
To recover on a promissory note the Plaintiff (lender) must prove existence of the note.
To recover on a promissory note, the plaintiff must prove:
(1) the existence of the note in question;
(2) that the party sued signed the note;
(3) that the plaintiff is the owner or holder of the note [...]
How To Request a Home Insurance Rate Quote
You can easily get insurance quotes nowadays just by logging on to your computer and going online. Many insurance company websites already offers instant insurance quotes on their sites, so availing yourself of the quotes you want will be easy.
Now that you have several insurance quotes at hand, choosing the best one for you will [...]
High Loan-To-Value Mortgages On Today’s Market
Mortgages with Loan-To-Value (LTV) higher than 80% are considered high LTV mortgages. Most lenders generally require mortgage insurance when LTV is over 80% due to a higher risk. Private Mortgage Insurance (PMI) is provided by a private mortgage insurance companies which protect lenders against loss if a borrower defaults. Recently PMI became tax deductible.
There are few ways PMI is [...]
Advantages and Disadvantages of Mortgage Programs
Years you plan to stay in the house
Recommended program
1-3
3/1 ARM, 1 year ARM or 6 month ARM
3-5
5/1 ARM
5-7
7/1 ARM
7-10
10/1 ARM, 30 year fixed or 15 year fixed
10+
30 year fixed or 15 year fixed
Loan Programs
Advantages
Disadvantages
Fixed Rate Mortgages
40 year fixed
30 year fixed
20 year fixed
15 year fixed
10 year fixed
Monthly payments are fixed over [...]
Private Mortgage Insurance
Most of you who have a loan on your home are paying Private Mortgage Insurance (PMI) with your payment. This is a fee the Mortgage Company charges to cover them if they have to foreclose. You do not have to pay this fee if you have 20% equity in your home. It generally ranges from [...]
NAPIA Has Many Special Members
The National Association of Public Insurance Adjusters (NAPIA) has some of the finest minds in the world regarding claims adjustment under property insurance policies. Our law firm had the opportunity to lead a day long insurance seminar for the Massachusetts Association of Public Insurance Adjusters and NAPIA members last Friday in Boston. The level of discussion [...]
What is an Impound Account?
An impound account, sometimes referred to as a “Reserve Account” is when your property taxes and homeowners insurance get collected monthly along with your mortgage payment. In California, you have a choice as to whether or not you want an impound account, although some banks are now charging for choosing to not have one.
As [...]
An Ode to Charlie Crist
You may have heard by now that, in response to very long lines at Florida early voting locations, Governor Charlie Crist has extended the hours they can be open, calling it a personal decision and publicly acknowledging that the move might hurt McCain.
A few weeks ago, in a television segment on early voting, I saw [...]
Tips for Struggling Homeowners
If you are struggling to pay your mortgage you may want to call the bank who handles your mortgage to see if you can get an interest rate reduction, refinance to lower the payment, etc. Some banks are really open to working with struggling homeowners who want to keep their home, but having trouble paying [...]
Home Contents Insurance For Tenants
Renters insurance gives you many of the coverage that comes with a home insurance policy. Of course there is personal property coverage, which replaces your belongings if your place is destroyed by fire or a storm. On this, make sure you have the replacement coverage option. For example, if you have a 10 year old [...]
Compare Home Contents Insurance
Anytime you do things that will protect your home more, your home insurance rate will likely decrease. You don’t have to do anything drastic to get the decrease, but you do need to prove to your insurance company that your improvements are helping to protect your home better.
One thing many people choose to do is [...]
Lied too….Didn’t think it would happen…again?
Well, Congress feels lied too? Um..Were you or weren’t you lied too about the weapons of mass destruction when debating on whether or not to invade Iraq? What did you do about that?? Man.
Uses for $700 billion bailout money ever shifting
Treasury tacks on uses for $700 billion bailout money with shifting economic winds [...]
Searcy fire department in line for national accreditation
The Searcy Fire Department received a recommendation for national accreditation from a team of assessors in Searcy this week to evaluate the fire department.
If the accreditation is ratified by Center for Public Safety Excellence officials, the designation is expected by some to lower the city’s Insurance Service Office (ISO) rating, used to determine property insurance [...]
Where’s My Bailout?
So my 401k has dropped about 50% of its value over the last couple of months. Big deal. The only reason it was as high as it was is that I started out buying stocks in 2001 after the last crash. As far as I’m concerned, this is just another opportunity to increase our investments [...]
Reverse Mortgages – Cash for Expenses, Funds to Achieve Your Dreams
What is a reverse mortgage?It’s a special type of loan that enables individuals aged 62 or older to convert some of their home’s equity into tax-free funds. Unlike traditional equity loans, you receive payments instead of making them.
Who is eligible?
Homeowner(s) who are at least 62 years of age and occupy the property as their principal [...]
Applying for a Reverse loans through “Brokers” – Good or Bad
Indeed, a reverse mortgage can offer an unbeatable proposition for the right person: the cash-poor but house-rich senior. The loan allows homeowners over 62 years old to tap equity without selling the home, giving up title, or taking on new monthly payments. Instead of paying off a loan every month (as with an equity line) [...]
Jim Brown on AIG and LAx Insurance Regulation
Jim Brown was kind enough to share his most recent column with us here at Slabbed and it is well worth reading. – Sop
Thursday, October 23rd, 2008
Baton Rouge, Louisiana
MORE BAD NEWS ABOUT INSURANCE IN LOUISIANA
The financial crisis on Wall Street has filtered down through the insurance industry, with a number of major insurance companies facing [...]
Minimizing Homeowners Insurance Non-Renewals, Rate Increases
A recent national survey determined that nearly 2.5 million households have lost their homeowners coverage in the last 24 months, and another 51 million households (about 42% of all American households) experienced homeowners insurance rate increases—some as high as 25% or more. Here are some tips to help avoid these costly and troublesome situations:
Monitor [...]
Womanizer
Star Trek looks awesome.
I tried giving this blog some sort of artistic merit by adding “Regarding” in front of every post title, limiting each post to a single specific topic and embedding the Song Of The Day instead of giving a link to it. All of these things coagulated to make this blog terrible. I [...]
Despite market mess, it’s not impossible to get a mortgage
There is no shortage of money available for home mortgages, no freezing of credit to purchase or refinance a house. Why? Because the American mortgage market effectively has been federalized – at least for the time being. More than 90 percent of new loans now are being made through the Federal Housing Administration insurance program, [...]
Common Closing Costs For Buyers In Chico
October 21, 2008
Common Closing Costs For Buyers In Chico
1. Down Payment
2. Loan Origination Fee and Points
3. Appraisal Fee
4. Credit Report
5. Flood Letter
6. Private Mortgage Insurance (PMI) Premium
7. Home Owners Insurance Premium
8. Mortgage Insurance Escrow
9. Home Owners Insurance Escrow
10. Property Taxes Escrow
11. Closing Fees
12. Recording Fees
13. Mortgage Title Policy
14. Owner’s Title Policy
15. Mortgage Interest Adjustment
16. Survey
17. [...]
Mortgage Market Still Open for Business
Lenders emphasize that loans continue to be available for a range of potential home buyers, not just those who are putting down 20 percent and have a credit score higher than 720.
Although credit underwriting is tougher and loan terms stricter, borrowers can still put down 3 percent (3.5 percent after Jan. 1) on an FHA-insured [...]
How do I insure Jewelry and Other Valuable Items?
Does my home insurance policy cover all my valuable items?
A standard home insurance policy will include some coverage for your jewelry and other valuable items (such as watches or furs). Under your home insurance policy, these will be covered if destroyed by causes that are covered in your policy. Usually this includes fires, windstorms, vandalism, and theft.
The [...]
Fresno Mayor Alan Autry in MASSIVE Cover-Up (CA)
BEWARE – CITYWIDE CORRUPTION – FRESNO, CA
The City of Fresno PAID their risk analyst to lie and set my family and me up for annihilation. Suspected homicide of my family members, poisoning, hidden cameras and attempted murder of me, “gutting” and haphazard reconstruction of our 3 properties that resulted in damages so horrendous as Mayor Autry’s associate [...]
Home Insurance in the Nashville Area
Our homes are filled with our prized possessions and many of our happiest memories, and we work to protect our homes in every way possible. We install fire and smoke detectors, maintain them from top to bottom and improve them wherever we can. Unfortunately that doesn’t always keep our homes safe from harm or disaster. [...]