I am a big fan of Robert Kiyosaki. A few years ago Robert repeatedly said that “Your house is not an asset” most people scoffed believing that your home is investment. Now that the mortgage meltdown went from a tropical storm to a full cyclone. Many people seeking the advise of financial gurus who offer a common sense approach coupled with unconventional wisdom. Here are a few clips of Robert speaking with KTLA regarding the state of the economy.
Posted in Business
Tagged AMERICAN ECONOMY, ASSET, BANKING ON YOUR HOUSE, CASHFLOW, CASHFLOW TECHNOLOGIES, CRUDE, CRUDE PRICES, CURRENT GOLD, ECONOMIC CONDITIONS, ECONOMY, FUEL PRICES, Global Economy, GOLD, GOLD AND SILVER, GOLD MARKET, GOLD STANDARD, GROCERY PRICES, HOUSE ASSET, KIYOSAKI, KTLA, MONEY, OIL, OIL BARREL, OIL PRICES, PRICE OF GAS, PRICES, RECESSION, RICH DAD POOR DAD, RICHDAD, RICHDAD POORDAD, RISING COST OF GAS, ROBERT, ROBERT KIYOSAKI, SAVINGS, US DOLLAR, US MONEY, USDOLLAR
This is a prime example of why POST-CLOSING is critical to a title insurance company’s operation. Many title professionals expect a post closing call “here or there”. Usually when the seller has a mountain of debt to payoff at settlement and a million checks are disbursed. After settlement customer service is not an option it’s a mandatory obligation as well as a liability. A policy holder should never call you more than once. This California woman purchased a home and received a notice for the prior owner’s debt. The title agency had closed shop. READ MORE
Yesterday we posted a story about the most famous pitchman in Hollywood facing foreclosure. Well, looks like a lot of people were interested in the story because it spread like wildfire through the print and television media. READ MORE
Posted in foreclosure
Tagged CALIFORNIA, California real estate, celebrity interviews, CNN, CNN tonight, ECONOMY, ED MCMAHON, Ed McMahon foreclosure, Ed McMahon losing home, Ed McMahon losing house, foreclosure, foreclosures, HOLLYWOOD, homelessness, HOUSING CRISIS, interviews, investments, JOB LOSS, JOHNNY CARSON, Larry King, Larry King Live, Larry King tonight, mortgage mess, pitchman, Real Estate, real estate crisis, real estate foreclosure, real estate foreclosures, real estate investments, SENIOR CITIZEN, tv tonight
The word “Foreclosure” is creeping it’s ugly head in Hollywood and this time it’s not in a horror flick. Johnny Carson’s much beloved sidekick Ed McMahon is facing the loss of his estate. The home is located in the prestigious community of Bel Air, California. The 6 bedroom 6 bath home is listed by Hilton & Hyland Real Estate. Although the property is for sale it has not sold for more than 2 years and McMahon has subsequently defaulted on his 4.6 million dollar mortgage. McMahon is $644,000 in arrears with ReconTrust a Division of Countrywide Financial. McMahon, 85 has been unsuccessful in landing new roles as a pitchman. Apparently the property will not sale because of it’s close proximately to the home of Britney Spears. The Realtor Alex Davis, says “When we were trying to sell the house one time, there were about 100 paparazzi there”. Hopefully McMahon will be able to work something out with his lender. I just think there should be a law that prohibits seniors from losing their homes.
6 and 1/2 years is a long time. Just think, many of us have 5 year goals. Dreaming of accomplishing many things in that span of time. However, Jay Berger, 56 a Pennsylvania title insurance agent will be serving 6 and 1/2 years behind prison walls. Berger, was the owner of Imperial Abstract and Settlement Company an agent for Fidelity National Title and Stewart Title Guaranty & Trust Company. Berger also owned United Mortgage Service Company. Over the course of 4 years Berger devised a scheme to withhold the disbursement of refinance proceeds for his own personal use. READ MORE
Posted in foreclosure, Scam
Tagged DEFALCATION, DISBURSEMENT, FIDELITY NATIONAL TITLE, FIRST LIEN POSITION, FIRST MORTGAGE, IMPERIAL ABSTRACT, IMPERIAL ABSTRACT AND SETTLEMENT COMPANY, JAY BERGER, MARGIE BERGER, MODERN ABSTRACT, PA TITLE AGENT, PENNSYLVANIA TITLE AGENT, PENNSYLVANIA TITLE INSURANCE, Stewart Title, STEWART TITLE GUARUANTY AND TRUST COMPANY, title agency, title agent, TITLE AGENT SENTENCED, title insurance, TITLE INSURER, TITLE INSURERE, UNDERWRITERS CONTRACT, UNTITED MORTGAGE SERVICE COMPANY
Good stewardship has its rewards especially for Stewart Title Guaranty and Trust Company. Stewart recently made a $100,000 deposit in Carver State Bank. READ MORE
Posted in Business
Tagged Affordable Housing, Affordable Housing Programs, Bank, Banking, Business Loans, CARVER STATE BANK, Georgia, Minority, Minority Owned Bank, One Hundred Thousand Dollars, Real Estate, Savannah Georgia, Small, Small Business Opportunities, Small Loans, Stewart Title, Stewart Title and Guaranty, Stewart Title and Trust, title insurance, Title Underwriter
Can you believe You can buy one house and get another for free
Click Here for the Video
Posted in Business, foreclosure, MORTGAGE MELTDOWN, mortgage mess, Real Estate, real estate title insurance, title insurance
Tagged Adjustable Rate Mortgages, Close of Escrow, Escrow, Escrow AGency, foreclosure, Housing Boom, Housing Bubble, HOUSING CRISIS, HOUSING MARKET, MORTGAGE MELTDOWN, mortgages, Real Estate, Real EState Meltdown, Real Property, Short Sales, Subprime Lending, title insurance, Wholesale Lenders, Yahoo Grab Bag
Yesterday, the United States Justice Department freed the way for online real estate brokers to access nationwide Multiple Listing Services (MLS). The MLS was previously only available to members of the National Association of Realtors (NAR). Licensed Real Estate brokers who did not join NAR were banished from listing and accessing properties for sale. READ MORE
Posted in Business
Tagged MLS, MULTIPLE LISTING SERVICE, ONLINE REAL ESTATE, ONLINE REAL ESTATE OFFICE, Real Estate, REALTOR, title insurance
