WHY do YOU Invest in Real Estate

A couple of days ago, a fellow blog contributor named Shae Bynes posted a great blog post regarding a 7 day plan for aspiring real estate investors. You should definitely check it out when you get a chance.With that said, I really liked one of the key aspects she mentioned in her post which talks [...]

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WHY do YOU Invest in Real Estate?

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Real Estate News

*The U.S. House of Representatives ... voted to extend and expand the home buyer tax credit. The bill passed the U.S. Senate ......and will go to President Obama for his signature, where it is expected to be signed? *When Sharon Sakson was laid off recently from her job as a television writer and producer, she burned through her savings to pay the $2,400 monthly mortgage on her home. But she soon decided it didn't make sense: Her home was worth thousands less than the mortgage she carried on it. *Depending on the region and the job, some homeowners are ...

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http://los-angeles-real-estate-blog.com/2009/11/07/real-estate-news.aspx?ref=rss

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Fannie Mae and Wells Fargo Announce Creative
Mortgage Solutions: A New Thing Called Renting. Option ARM Scenarios, Lease for Deed, and Delaying the Financial Future.

Last week, foreclosure Hall of Fame member and government stepchild Fannie Mae announced a stunning $18.9 billion loss.  Remember last year when we were told that bailing out the enormous Government Sponsored Entities that we would be turning a profit?  Well that didn?t exactly pan out and both Fannie Mae and Freddie Mac have been [...]

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Windsor (CA) plumber pleads no contest in $1
million real estate fraud

In the following press release Sonoma County (CA) District Attorney Stephan Passalacqua announced today that Juan Carlos Alcala, age 32, of Windsor, plead no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering, and elder fraud. By his pleas, Alcala admitted that the total loss resulting from his criminal activity exceeded $1,000,000.00. Alcala faces a maximum sentence of twenty-five years in prison and a fine of up to $2,000,000.00. Alcala entered his pleas today after Sonoma County Superior Court Judge Gary Medvigy indicated that he would sentence him to no more than seven years in prison for these crimes. The defendant will be sentenced in Department Four on March 24, 2010 at 9:00 a.m.

District Attorney Passalacqua said, “Law enforcement is working together to bring to justice those who commit investment scams and particularly those who target our elders.”

The charges in this case arose out of an investigation which began when an undeveloped Healdsburg property, owned by Mr. Alcala, went into foreclosure and several investors, who had funded mortgages for Mr. Alcala on the property, discovered that he had secured the mortgages using forged documents and false information. Alcala’s fraudulent use of documents resulted in an inflated appraisal of the property, which was relied upon by various investors in three different real estate transactions. After the real estate loan fraud was reported to law enforcement, and after the land had been foreclosed upon, Mr. Alcala attempted to sell the land, no longer owned by him, to a Sonoma County Sheriff’s Detective who was working undercover. Further investigation revealed that Mr. Alcala was laundering the money he had received from the real estate loans.

While law enforcement was investigating the real estate loan fraud case, Sheriff’s Detectives also discovered that Alcala had stolen approximately $450,000 from an 80-year-old Sebastopol woman by convincing her to invest in a home improvement project that never actually occurred. Over the course of approximately three years, Alcala convinced the elder adult to give him almost $200,000 in cash and to take out three mortgages on a home that she had owned outright. Much of the money stolen from the elder victim was laundered through Alcala’s bank accounts as well. Mr. Alcala met the elder victim when he was hired as a plumber to do some work around her home.

Sonoma County Sheriff’s Detective James Naugle was the investigating officer who spearheaded the investigation in this matter and Deputy District Attorney Robin Hammond is the prosecutor assigned to the case.

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http://www.mortgagefraud.org/journal/2009/11/7/windsor-ca-plumber-pleads-no-conte
st-in-1-million-real-estat.html

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We already have Metrolinx Lands

The land is already dedicated to rail use; whether it is along the Lakeshore, Humber Bay Shore community or the Rail way lands that are using diesel technology that made the news last week with protests about additional trains. Georgetown to Union. How about downtown to the Airport? Downtown to the airport in 30 minutes .... be still my heart.


video details and more




OK, So its a flash monorail. We're in a recession. We need manufacturing jobs. Employees pay taxes and buy houses. Who makes it Bombardier!
Makes ya wanna take out a Canadian flag and wave a little huh.

It began with a brilliant idea...
The Monorail was originally envisioned as a joint venture between MGM Grand and Bally's Hotel, with the idea to create a one-mile transportation system linking the hotels.This exciting and forward-thinking idea took flight in 1993 and soon included plans to expand to other locations along the Strip. In 1997, the State of Nevada passed Expansion plans evolved and a professional team, including Nevalegislation that enabled a private company to own, operate and charge a fare as a public Monorail system. da-based Liaise Corporation, Granite Construction Company, Gensler & Associates, Carter-Burgess and Salomon Smith Barney, was assembled to develop the Monorail system. Bombardier Transportation, a Canadian company and one of the world's largest transit system manufacturers experienced at turnkey operations, was contracted with operating and maintaining the trains, automatic train controls and other control subsystems.

Lets Recap.
Environmentally Friendly, Promotes regional and local employment. Creates Employment, Saves Hydro, reduces car pollution and traffic. A hotel(s) had the foresight to plan, organize and implement a transit system.
Lets get our fingers off these silly petitions to (please) stop the huge tax rip off of the HST that people do not yet comprehend and get your fingers dialing (pushing buttons) your member of parliament and elected official. Call your Member of the Ontario Legislature.
Buzz Hargrove on the CFRB was recently overheard to say that 250 k Ontario employees have lost their jobs. Lets focus on the important issues. Employed people buy houses, furniture, appliances, TV's. electronics, landscaping, pools, flooring, carpeting. Add something to the list.
We need serious people for serious issues; Who cares about WHO's riding the Olympic Torch is being displayed in. It's being Displayed in a Canadian Riding! Lets address employment and power generation issues instead.
What do you think? Do you agree? Add your comments here.

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ands.html

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New Federal Restriction on Prepayment Penalties
Wont Apply to FHA Interest Charge

On October 1, new federal lending rules took effect under HOEPA–the Home Ownership and Equity Protection Act.  One that will benefit consumers most is a restriction on prepayment penalties for higher-priced loans (those with an interest rate 1.5% above prime).  No longer will borrowers need to worry about an excessive penalty for paying off their [...]

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New Federal Restriction on Prepayment Penalties Won?t Apply to FHA Interest Charge

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http://www.biggerpockets.com/renewsblog/2009/11/07/federal-restriction-prepayment
-penalties-wont-apply-fha-interest-charge/

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Sacramento: Part 5

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Sacramento: Part 4

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Sacramento: Part 3

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Sacramento: Part 2

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