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The value of the appraisal

The value of the Appraisal and why you the consumer need it. As much as we love Zillow and it z -estiment of value, we never count on those values to make a deal. The Appraisal gives you an unbiased opinion of the property value. The key is you can never over pay for a property with an Appraisal! Although with some negotiation you may purchase a property with equity. The Appraisal helps the lender to determine how much money you will receive in a refinance.

Set To Go Loans  have some lenders who will use other lenders Appraisal, although it is not uncommon for lenders to refuse to use them , simply because they want to make sure that the value is really there. Don’t take it personal, really its strictly business and they must protect their investment!

An Appraisal can only be used within the first six months from the date it was issued. So my number one question asked to me is why? So here is the skinny, when you upgraded your kitchen, added new doors and windows to your home. It was worth $200,000 and the upgrades made it worth $250,000. So is it really fair to you to under or overvalue the property. Now after 6 months you can use the appraisal but you have to have it re-certified. Re-certifying an Appraisal is when the original Appraiser updates the original Appraisal.

There are two ways to evaluate the value of your property the first is the Appraisal. There are basically 2 types of Appraisals. 1st is an As Is Appraisal, which is based strictly on the value of the home as it currently sits. 2nd is a ARV or After Repair Value which gives an evaluation of the property after future improvements will be made to the home.

Many lenders require that the consumer pay for their own Appraisal. The question that I often receive from customers is can you roll the Appraisal fee with the loan? The answer is no, and here is why. No deal is guaranteed. An Appraisal is  protocol to helping the deal close and anything can make a deal  loan fall through. So to expect a lender to pay for your Appraisal is out of the question.

Set To Go Loans has lenders that uses Appraisals and BPO,  which helps the consumer because  the BPO price is cheaper than an Appraisal.The  BPO is a Broker Price Opinion.

The Appraisal is completed by a license state agent and there job is to value the property, take pictures,
find comps and give a true value based on the information that he
received? While a BPO  is  performed by a licensed Real Estate Agent.

Many consumers orders their own  appraisal to get there best bang for the buck, although they soon find out that no lender will accept it. because it could have been obtained at arms length. An Arms Length Transaction is when an Agent motivates
an appraiser to gives a higher value to a property than its actually

Did you know that an Appraisal is the number one way to determine the value of a commercial or residential property?

Did you know that an Appraisal is needed to establish a property value so that a lender can determine a loan amount?

Did you know that some lenders will use other lenders Appraisal?

Did you know that an Appraisal can only be used six months fro the date it was issued?

Did you know that an Appraisal can be re certified after its 6 months have expired for about 40% less than the original cost?

Did you know that all lenders (commercial and residential) expect you to pay for your appraisal, up front?

Did you know that there are two ways to determine the value of your property?

Did you know that Set To Go Loans has lenders that uses Appraisals and BPO?

Did you know that a Residential Appraisal cost from 300 to 400?

Did you know that a Residential BPO cost from 165 to 225?

Did you know that Commercial Appraisal are more expensive than BPO?

Did you know that Commercial Appraisal are 2 to 3 ties more expensive than Residential Appraisals?

Did you know that an Appraisal is the number one way to determine the value of a commercial or residential property?

Did you know that a BPO is the second most poplar way to assess value of property?

Did you know that a BPO is a Broker Price Opinion?

Did you know that an Appraisal is completed by a license state agent?

Did you know that an Appraiser job is to value the property, take pictures, find comps and give a true value based on the information that he received?

Did you know that a Real Estate Agent is the person that performs a BPO?

Did you know that if a consumer orders an appraisal that no lender will accept it?

Did you know that the reason that lenders will not accept a third party appraisal because it could have been obtained at arms length?

Did you know that an Arms Length Transaction is when an Agent motivates an appraiser to gives a higher value to a property than its actually worth?

Did you know that a Fair Market Appraisal is an house that is on the border of being a shack?

Did you know that an As is Value Appraisal is based on the actual Value of the property as it currently sits?

Did you know that Set To Go Loans use As Is Appraisal?
Did you know that an After Repair Value is an Appraisal based on the property after it has been repaired?

 Now if you didn’t know, now you know…

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Credit The Good, The Bad and the Ugly

The one thing that I have learned about credit is from the work that I do, and it is all factored on who you are and when you pay your bills. So there are basically six categories of people and how they pay their bills.

  1. The first is the person with an elite credit score. He has a 700 to 800 credit score he manages his bills like a science.  He keeps a list of what is spent, when he spent it and why he spent. They also qualify for the best interest rate and the best programs.
  2. This is the 2nd tier group they have a credit score between 650 to 700 credit score. They pay there bills like clock work. Even though the second tier credit group pays his bills like the tier one group, they have a little more debt and how its managed determines why there credit score is lower. They live to be ahead of the curve but in some cases they may be late sending in a payment sometimes.
  3. The 3rd tier group is some what deceiving because the score is lower 600 to 575 but they can buy anything they want like the 1st tier group. The difference with this group is they are extended on credit cards and there bills. They help there son, daughter, sister and brother and on paper you wonder how are they making the payments. The reality of the 3rd tier group is they can qualify to buy anything but the interest rate that they qualify for is the 7 to 9% interest rate. So regardless of there intent to pay off the bills, they tend to live extended.
  4. The 4th tier group is the group with good intentions but Murphy Law is always lurking close by. Their credit score is 570 to 540, and they can buy but it always falls to a last minute discussion before the final approval is given. This person as priority set in there ind on how they will pay the bill when they are getting credit but forgets when its time to pay the bill of the credit priority that they said. So as they look at life they are always living for the moment. They credit card is over almost to the limit and they are one moment away from disaster.
  5. example of bad credit
  6. The 5th tier group is the ones that don’t pay anyone. They scores are 535 to 400. They start with the great intention when they get the cell phone, credit card or car. Yet they never seem to hold up there obligation. When you look at there credit report you see charge off, collections and alot of petty bills that they never pay. So here is something that you have to remember with the 5th tier of people, there children usually have good credit???
  7. The 6th tier group is the people who buy everything with cash and they will have no credit score.We call those people ghost because they don’t really exist.

So the number#1 question that I have about credit, that consumers ask me is “how can I improve my credit score”? So if you want to make your credit score rise, and make significant leaps. You need to live like this, first never let your credit card balance go over 45% half of your max credit. An example (your credit limit is $1,000) so you never want your balance to go over $450 dollars. If you don’t have a credit card, get one! Number #2 is use your credit card to buy your gas and at the end of the month pay the balance down to just a few dollars. (REMEMBER CREDIT IS BASED ON YOUR ABILITY TO STAY IN DEBT AND CONTINUE TO PAY YOUR BILLS ON TIME) One thing you must consider is that if you payoff a car loan or mortgage your credit score will drop. Not a drastic drop but a possibility of 50 to 80 points.
One of the ugly things in life if you are late on your payments as indicated below it effects your credit scores and it will gradually drop your score.

Think of your credit like stairs you have to put effort to climb to the top, although when you are going down its always easier to go down than to climb.

This Legend is one of the factors that help determine what your credit score will be.

The big three in credit is Experian, Transunion and Equifax. These are credit reporting agency that tell you what your credit score is. So many people think that credit is the ability to stay out of debt. In reality credit is the ability to stay in debt and pay your bills on time.

This is not a science of credit, but just my interpretation based on my experience in the mortgage world. If you are trying to repair 

52 people got busted August 19, 2014

To See more of Who Got Busted In Memphis click here.

Mortgage 101 the Value of the 1003

When I first thought about doing the Mortgage 101,
I would talk myself out of making posts just because I felt like
everyone knows that. Now there has been multiple occasions that I have
found myself explaining the 1003,
or as we call it in the mortgage world, a Uniform Residential Loan
Application. My Goal is to make it easier for the average consumer. You
see the 1003 is a road map of the customer and it gives the loan officer
all the pertinent information to help the customer to get a mortgage
loan. When I first started as a loan officer I would call customers and
fill out the 1003 on the phone and mail it to the customer to sign.
Although after I started doing commercial loans it changed everything.
Although with a Commercial Loan the 1003 covers 80% of the information
needed, we also need 2 years tax returns, a profit and loss statement
and a Executive Summary, depending on what type of project it
is.Investment loans are more labor intense because of the amount of
paper work involved.

information about the Uniform Residential Loan Application and I found
out maybe everyone does not know that!… My rational was wanting to
break down sections of

 The property Information and Purpose of loan is important
because it tells where the property is located and a legal description
and year it was built. .  The 1003 has tells the Lender if its a
purchase or refinance. When you bought it and what you bought it for. It
also tells how the property will be titled and how the title will be


BORROWER INFORMATION tells who you are lending to and where they
are employed and how long they have been with that company. Now this is a
important piece of information, you must show a 2 years of residency.
You must also show that you have a work history of 2 years in the same
The first page of the 1003
is the most intense because of the amount of information that is needed
. I always believe it better to give to much information than not
enough. The more time spent chasing information the less likely that you
are going to have a fast and speedy closing.
Monthly income always seems to be a walk in the park for most people.
Although that Asset and Liabilities section where most customer tend to
leave off.


So after you filled out 2 or 3 of these 1003 it becomes easy, plus now you have a place that you can refer your customer so that it can help them.
This is really a start and I am feeling out my readers to see if they
would like me to continue more information on my site. I have been in
the mortgage industry since 2002. Most of my knowledge is from trial by
fire. So I learned the business, so I could be in business

Elizabeth Connell, South African soprano, died from cancer he was 65

Elizabeth Connell  was a
South African-born operatic soprano (formerly mezzo-soprano) whose
career was conducted mainly in the United Kingdom and Australia died from cancer he was 65. She was
acclaimed for her performances of the great Strauss, Verdi and Wagner heroines.

(22 October 1946 – 18 February 2012)


Elizabeth Connell was born in Port Elizabeth, South Africa in 1946. Following her debut at Wexford Festival Opera in 1972, she sang at the opening of the Sydney Opera House in Prokofiev‘s War and Peace in 1973, and continued to have a special relationship with Opera Australia for the rest of her career. Following a five-year association with English National Opera, she was a freelance artist with the major opera houses.

She appeared at the opera houses of London, Paris, Vienna, Berlin, Munich, Hamburg, New York (Metropolitan Opera), San Francisco, Milan (La Scala), Naples and Geneva in a wide repertoire and at the Bayreuth, Salzburg, Orange, Verona and Glyndebourne Festivals. Connell had a successful collaboration with conductors such as Claudio Abbado, Riccardo Muti, Giuseppe Sinopoli, Carlo Maria Giulini, Wolfgang Sawallisch, Sir Charles Mackerras, Sir Edward Downes, Sir Colin Davis, Lorin Maazel, James Levine, Seiji Ozawa and Sir Mark Elder.

In concert, Connell’s performances included Beethoven‘s Ninth Symphony and Missa Solemnis and Mahler‘s Eighth Symphony with conductors such as Abbado, Giulini, Maazel, Sinopoli and Pierre Boulez. In recital, she appeared with Geoffrey Parsons, Graham Johnson, Eugene Asti and Lamar Crowson in Milan, Geneva, Sydney, Johannesburg and at the Wigmore Hall.

Engagements included Kostelnička in Janáček‘s Jenůfa, Ortrud in Wagner’s Lohengrin, Bellini‘s Norma, Abigaille in Verdi’s Nabucco and Ariadne in Strauss’s Ariadne auf Naxos for Opera Australia; Ortrud, Beethoven’s Fidelio and Wagner’s Tristan und Isolde at the Berlin State Opera, Isolde in Hamburg, Senta in Wagner’s The Flying Dutchman in Hamburg and Berlin and Strauss’s Elektra in Berlin, Madrid, Bordeaux and Montreal as well as the Färberin in a new production of Strauss’s Die Frau ohne Schatten in Frankfurt and at the Deutsche Oper Berlin.

She sang Elektra in Las Palmas, Gertrude (Humperdinck‘s Hansel and Gretel) for the Royal Opera (with worldwide Telecast and DVD release) and concerts of Jenůfa with the London Symphony and Swedish Radio Symphony Orchestras under Daniel Harding as well as Fidelio with London Lyric Opera with the Royal Philharmonic Orchestra.[1]

In December 2008, Elizabeth Connell had a triumphant success at the opening night of Puccini‘s Turandot at the Royal Opera House Covent Garden, which she also sang in Hamburg and for Opera Australia.

In May and June 2010, she sang in a new production of Tristan und Isolde at the Prague State Opera, conducted by Jan Latham-König.

Her 2010 performances also included Elektra in Auckland as well as a solo recital in London St John’s, Smith Square.

In February 2011, she returned to Prague for Turandot. In April 2011 she was due to sing Lady Macbeth in a new production of Macbeth for Opera Australia, but she had to cancel at short notice because of a medical emergency.

In October 2011, Connell took part in an opera gala at the Bad Urach Festival, where she sang arias and scenes from Nicolai‘s The Merry Wives of Windsor, and Verdi’s Otello and Macbeth.

In 2012, she was due to make her debut with the Toulon Opera as Ortrud in a new production of Lohengrin, and to return to Melbourne as Turandot, but her illness prevented her doing so.

Her final performance was a recital on 27 November 2011 in Hastings. Elizabeth Connell died in London on 18 February 2012, aged 65, from cancer.[2] [3]


Her many recordings include Rossini‘s William Tell (Decca, Riccardo Chailly), Mahler’s Eighth Symphony (EMI, Klaus Tennstedt), Mendelssohn‘s Second Symphony (DG, Abbado), Franz Schreker‘s Die Gezeichneten (Decca, Lothar Zagrosek), Donizetti’s Poliuto, Verdi’s I due Foscari (Philips, Lamberto Gardelli), Schoenberg‘s Gurre-Lieder (Denon, Eliahu Inbal), Wagner’s Lohengrin (Philips/Friedrich) and Schubert Lieder with Graham Johnson, as part of Hyperion Records Complete Schubert Edition.

In 2008, two important CD releases were added to her discography: Her
first operatic recital, singing great scenes by Wagner and Strauss for ABC Classics, conducted by Muhai Tang, and Benjamin Britten‘s Owen Wingrave, conducted by Richard Hickox. Elizabeth Connell also recorded portions of Sir Granville Bantock‘s “The Song of Songs” under the baton of Vernon Handley, for Hyperion.

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Michael Davis, American bassist (MC5), died from liver failure he was 68

Michael Davis was an American bass guitarist, singer, songwriter and music producer, best known as a member of the MC5.

(June 5, 1943 – February 17, 2012)


After dropping out of the fine arts program at Wayne State University, Davis became the bassist for the MC5 in 1964, replacing original bassist Pat Burrows[2] when singer Rob Tyner and guitarist Wayne Kramer
decided that they liked Davis’s style and wanted him in the band. He
played on the band’s three original albums, including their debut Kick Out the Jams, and remained in the group until 1972.[3]
Sometime in the mid-1970s, Davis spent time in Kentucky’s Lexington
Federal Prison on a drug charge, where he was unexpectedly reunited with
Wayne Kramer.

Destroy All Monsters

Upon his release from prison, joined the Ann Arbor based art noise band Destroy All Monsters[4] at the urging of friend Ron Asheton, of The Stooges.

Davis spent seven years with Destroy All Monsters, penning the
underground punk hits “Nobody Knows”, “Meet the Creeper”, “Little
Boyfriend”, “Rocking The Cradle” and “Fast City” among others. The band
recorded and released on Cherry Red Records, toured the U.K., and then
broke up.

Blood Orange and MC5 reunion

After Destroy All Monsters, Davis moved to Tucson, Arizona
where he played in Blood Orange with drummer Cory Barnes. When plans
for Blood Orange to depart for a European tour were shelved
indefinitely, Davis began playing with Rich Hopkins and Luminarios, the
latter taking him back into the studio to record several albums for
Germany’s Blue Rose Records. In the spring of 2003, Davis reunited with
fellow surviving members Wayne Kramer and Dennis Thompson to play a show at London’s 100 Club as part of a promotion for an MC5 inspired line of apparel for Levi Strauss Vintage Clothing. This spawned a 200 city world tour and a trip back into the studio to write new songs.

Music education project

Following a serious motorcycle crash on a Los Angeles freeway in May 2006, Davis along with his wife Angela Davis, launched a non-profit organization called The Music Is Revolution Foundation to support music education in public schools.

Volunteers Jake Cavaliere (The Lords of Altamont), Handsome Dick Manitoba (The Dictators), Steve Aoki (Dim Mak Records/Kid Millionaire), Pro-Skater Corey Duffel, Pennywise bassist Randy Bradbury and Obey Giant’s Shepard Fairey
work alongside Davis to raise funds and public awareness about the
ability of music education to increase cognitive ability and test
scores, reduce absenteeism and drop-out rates and to inspire a new
generation of future voters to learn about other cultures and other
times, develop greater understanding of the world around them, and
express themselves through music.

Music Producer

Davis produced and performed on The Mother’s Anger‘s self-titled debut album. He also produced Dollhouse‘s debut album, Rock N Soul Circus.

Art career

After the MC5 self-destructed in the early 1970s, Davis continued
exploration as a visual artist while serving time at the Lexington
Federal Correction Institution for a narcotics violation. During this
period, he was tasked with creating oversized abstract paintings for
permanent display in the prison’s Visitor Center and administrative
offices. Several years of immersion in life in the desert southwest and
world travels with various rock bands left Davis with the inspiration
and desire to return to his roots as a painter, studying art along the
way at The Armory Center For The Arts in Pasadena, California, the
University of Oregon, in Eugene, Oregon, and at Portland Community
College in Portland, Oregon and Butte Community College/California State
University, Chico in Chico, California.

In 2006 he collaborated with artist Chris Kro, pro skateboarder Corey
Duffel, and Foundation Skateboards to design a commemorative line of
skateboard decks and t-shirts.

In 2007, he collaborated with OBEY’s Shepard Fairey on a limited line of MC5:OBEY merchandise.

In 2009, his painting “White Panther/Big World” appeared on the Cleopatra Records release MC5: The Very Best of MC5.

In 2011, his painting titled “Black To Comm Sk8r Boys” appeared as
the cover art for the Easy Action Records multi-media audio/DVD release
from the 2009 sold- out performance by British rock superstars Primal
Scream and the reunited surviving members of the MC5 at the Royal
Festival Hall. This piece inspired a series of four additional
paintings, as well as a run of limited edition prints, all featuring the
Sk8tr Boys, this time against iconic Detroit backdrops.


On February 17, 2012, Davis died of liver failure at the age of 68. He was survived by his wife, four sons, and a daughter.[1]

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Dick Anthony Williams, American actor (Edward Scissorhands, The Jerk, Homefront), died after long illness he was 77

Dick Anthony Williams (born Richard Anthony Williams) [1] was an American actor. Williams is known for his starring performances on Broadway in The Poison Tree, What the Wine-Sellers Buy and Black Picture Show. Williams won the 1974 Drama Desk Award for his performance in What the Wine-Sellers Buy, for which he was also nominated for a Tony Award, and was nominated in 1975 for both a Tony and a Drama Desk Award for his performance in Black Picture Show.[2]

(August 9, 1934 – February 16, 2012)


Born Richard Anthony Williams in Chicago, Williams had an extensive resume as an actor in films and on television.[3] His best-known film roles include Pretty Tony in The Mack, the easy-going limo driver in Dog Day Afternoon, Denzel Washington‘s father in Mo’ Better Blues and sympathetic Officer Allen in Edward Scissorhands. In television, he was a regular on the short-lived post World War II-era ABC primetime soap opera Homefront Abe Davis during the early 1990s. In 1996, he played the father of Larry’s assistant Beverley in an episode of The Larry Sanders Show.Williams
also starred in a documentary film “The Meeting”, about two
African-American political leaders (Malcolm X and Martin L. King, Jr.)
discussing the fate of black people in America. Williams married Gloria Edwards, an actress,[4] who died in 1988, and he had two children with her.

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Anthony Shadid, American journalist, died from asthma he was 43

Anthony Shadid was a foreign correspondent for The New York Times based in Baghdad and Beirut.[1][2] He won the Pulitzer Prize for International Reporting twice, in 2004 and 2010 died from asthma he was 43.

(September 26, 1968 – February 16, 2012)


From 2003 to 2009 Shadid was a staff writer for The Washington Post where he was an Islamic affairs correspondent based in the Middle East. Before The Washington Post, Shadid worked as Middle East correspondent for the Associated Press
based in Cairo and as news editor of the AP bureau in Los Angeles. He
spent two years covering diplomacy and the State Department for The Boston Globe before joining the Post’s foreign desk.[3][4]

In 2002, he was shot in the shoulder by[5] an Israel sniper in Ramallah while reporting for the Boston Globe in the West Bank. The bullet also grazed his spine.[6][7]

On March 16, 2011, Shadid and three colleagues were reported missing
in Eastern Libya, having gone there to report on the uprising against
the dictatorship of Col. Muammar Al-Ghaddafi.[8] On March 18, 2011, The New York Times reported that Libya agreed to free him and three colleagues: Stephen Farrell, Lynsey Addario and Tyler Hicks.[9] The Libyan government released the four journalists on March 21, 2011.[10]


Shadid twice won the Pulitzer Prize for International Reporting, in 2004 and 2010, for his coverage of the Iraq War.[11] His experiences in Iraq were the subject for his 2005 book Night Draws Near, an empathetic look at how the war has impacted the Iraqi people beyond liberation and insurgency. Night Draws Near won the Ridenhour Book Prize for 2006. He won the 2004 Michael Kelly Award, as well as journalism prizes from the Overseas Press Club and the American Society of Newspaper Editors. Shadid was a 2011 recipient of an honorary Doctorate of Humane Letters from the American University of Beirut.[12] He won the George Polk Award for Foreign Reporting in 2003 and in 2012 for his work in 2011.[13] House of Stone was a finalist for the National Book Award (Nonfiction) and the National Book Critics Circle Award (Autobiography).[14][15]

Personal life

Born in Oklahoma City, Oklahoma, of Lebanese Christian descent, he was a 1990 graduate of the University of Wisconsin-Madison.[16][17] where he wrote for The Daily Cardinal student newspaper.[18] He was married to Nada Bakri, also a reporter for the New York Times. They have a son, Malik. Shadid has a daughter, Laila, from his first marriage.[19]


Pulitzer-Prize winner Anthony Shadid died on February 16, 2012, from an acute asthma attack while attempting to leave Syria.[11][20]
Shadid’s smoking and extreme allergy to horses are believed to be the
major contributing factors in causing his fatal asthma attack.[20][21]
“He was walking behind some horses,” said his father. “He’s more
allergic to those than anything else—and he had an asthma attack.”[21] His body was carried to Turkey by Tyler Hicks, a photographer for The New York Times.[2][22]

Anthony’s cousin, Dr. Edward Shadid of Oklahoma City challenged the
Times’ version of the death, and instead blamed the publication for
forcing Anthony into Syria.[2][22]

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Harry McPherson, American lawyer and lobbyist, advisor to Lyndon B. Johnson, died from cancer he was 82

Harry Cummings McPherson, Jr.  served as counsel and special counsel to President of the United States Lyndon B. Johnson from 1965 to 1969 and was Johnson’s chief speechwriter from 1966 to 1969. McPherson’s A Political Education,
1972, is a classic insider’s view of Washington and an essential source
for Johnson’s presidency. A prominent Washington lawyer and lobbyist
since 1969, McPherson was awarded American Lawyer magazine’s Lifetime
Achievement Award in 2008. He died February 16, 2012, in Bethesda,

(August 22, 1929 – February 16, 2012)

Early life, education, military service

McPherson was born and raised in Tyler, Texas. He attended Southern Methodist University and received his B.A. in 1949 from the University of the South. Intending to be a poet and a writer, he enrolled at Columbia University for a master’s degree in English literature.[2]
When the Korean War broke out in 1950, however, he enlisted in the Air
Force. McPherson served in Germany as an intelligence officer, studying
Russian troop deployments and plotting targets.[3]

As soon as the Korean War ended, McPherson enrolled at the University of Texas School of Law.

This was the era when McCarthyism was at its peak. I was very upset
about Joe McCarthy and decided that I wanted to be a lawyer to defend
people against the likes of McCarthy. I was worried that he was going to
usher a period of totalitarianism in the United States. I wanted to
fight that.[3]

He received his LL.B. in 1956. Shortly afterwards, he was invited to
Washington by a cousin who worked for Lyndon Baines Johnson. Johnson,
who was at the time the Senate majority leader, was seeking a young
lawyer from Texas to work for the Democratic Policy Committee, which
Johnson chaired.

Early public service in Washington

McPherson served as assistant general counsel (1956–1959), associate
counsel (1959–1961) and general counsel (1961–1963) to the Democratic
Policy Committee, the Democratic Party’s key legislative policy organ on
the Senate side. His duties included summarizing bills coming before
the Senate for members of the Calendar Committee. An outspoken advocate
for civil rights, he helped draft legislation that became the Civil Rights Act of 1957,
whose goal was to ensure that all African Americans could exercise
their right to vote. After Kennedy was elected with Johnson as his vice
president, McPherson continued to serve as counsel to the Democratic
Policy Committee under Senator Mike Mansfield.

From 1963 to 1964, McPherson served as deputy under secretary of the
Army for international affairs and special assistant to the secretary
for civil functions. His responsibilities included settling civilian
disputes in the Panama Canal Zone and Okinawa, and overseeing the Army
Corps of Engineers.

The following year (August 1964-August 1965) he served as assistant secretary of state in the Bureau of Educational and Cultural Affairs,
which arranged for thousands of foreigners to study at American
universities, for foreign officials and cultural groups to visit the
United States, and for American orchestras and dance companies to travel

Counsel to President Lyndon B. Johnson

McPherson with President Johnson. Photo courtesy Lyndon Baines Johnson Library and Museum.

In 1966, McPherson and his colleague Berl Bernhard organized the White House Conference on Civil Rights, whose 2,400 participants included Dr. Martin Luther King, Jr., Thurgood Marshall,
and representatives of almost every major civil rights group. According
to Kevin L. Yuill, “This conference, promised in Johnson’s famous
Howard University speech in 1965, was to be the high point of Johnson’s
already considerable efforts on civil rights.”[6]

McPherson came to believe the Vietnam War was unwinnable, and along with Secretary of Defense Clark Clifford helped persuade Johnson to scale back the bombing of North Vietnam.[4]
McPherson drafted Johnson’s landmark televised address of March 31,
1968, announcing the policy turnaround in Vietnam as well as the fact
that he would not seek reelection.[4]

McPherson’s A Political Education, covering the years 1956 to
1969, is essential reading for anyone seeking to understand Johnson’s
years as senator and president. The book’s thought-provoking conclusion:

Perhaps the most serious question of all was whether we could learn
from our experience and shorten the lag between events and our response
to them. Nearly twenty years passed from the time black Americans began
leaving the South, until the national government began to respond to
their unique problems in the Northern and Western cities. Our
apprehension of the danger to us in the unification of Vietnam under
Hanoi’s rule was the same in 1963 as it had been in 1954. Our political
leaders, like the rest of us, dealt with new phenomena on the basis of
prevailing assumptions. Usually the assumptions were changed only by
bitter experience, not by analysis and foresight. The public’s
reluctance to think new thoughts had much to do with that; so did their
faith, which their leaders shared, that as a nation we were immune to
history. We believed we could afford the lag, with our cushion of power,
wealth, and resourcefulness. Detroit and Tet told us otherwise.

It was Lyndon Johnson’s fate to be President at a time when the cost
of the lag came home. On the whole, he paid it bravely. … He finished
the old agenda, and by painful example taught us something about the

In a 1981 interview, McPherson called Johnson “a vehement, dominant,
brilliant man – not intellectually brilliant in the sense of having a
vast store of reading and knowledge about world history, certainly not
the historian that Harry Truman was. But brilliant in sheer wit, in
sheer intellectual mental horsepower. The smartest man I ever saw.”[8]
He reiterated this admiration in 1999: “To this day, Johnson is still
the smartest man I’ve ever met, although maybe not the wisest.”[3]

Private law practice in Washington, D.C.

Soon after Johnson left office, McPherson joined the Washington-based
law firm Verner, Liipfert, and Bernhard, which he helped turn into one
of the capital’s best-known lobbying firms. (In 2002 the firm merged
with DLA Piper.)
McPherson has counseled businesses, nonprofit organizations, foreign
governments, and individuals on a range of matters involving Congress,
the executive branch, and regulatory agencies. Notable cases include:

  • Represented a major television network in the successful struggle to repeal the Financial Interest and Syndication Rules
    (the “fin-syn” rule), imposed by the FCC in 1970 and abolished in 1993,
    which prevented major television networks from owning any of the
    programming aired in primetime.[9]
  • Brokered the Tobacco Master Settlement Agreement
    in 1998 between Big Tobacco and 46 states, which gave tobacco companies
    some immunity from class action suits in exchange for limiting nicotine
    levels and paying antismoking groups about $250 billion.[4]
  • Represented more than 2,500 Czech-Americans in obtaining
    compensation for assets seized by the Communist government of

McPherson has served on several presidential commissions. President Jimmy Carter appointed him to the President’s Commission on the Accident at Three Mile Island (1979). President Ronald Reagan
appointed him vice chairman of the United States Cultural and Trade
Center Commission, which planned a 600,000-square-foot (56,000 m2) facility in the Federal Triangle. Presidents George H. W. Bush and Bill Clinton appointed him a member of the 1993 U.S. Base Realignment and Closure Commission.

He has also been active in cultural, civic, and political
organizations. From 1969 to 1974 he was a member of the board of
trustees of the Woodrow Wilson International Center for Scholars, Smithsonian Institution. He was on the Board of Directors of the Council on Foreign Relations
from 1974 to 1977, and was chairman of the Democratic Advisory Council
of Elected Officials Task Force on Democratic Policy (1974–76). After
serving as vice-chairman of the John F. Kennedy Center for the Performing Arts, he served from 1976 to 1991 as its general counsel.[9]
From 1983 to 1988 he was president of the Federal City Council, a civic
organization of business, professional and cultural leaders in
Washington.[9] From 1992 to 1999, he served as president of the Economic Club of Washington.[9]

Recently McPherson helped the board of DLA Piper’s international pro
bono division institute a program that sends Northwestern University Law
School professors to teach at Ethiopia’s underfunded Addis Ababa
University School of Law.[4]

McPherson married Clayton Reid in 1952; the couple had two children,
Coco and Peter. He was divorced in 1981 and married in 1981 to Mary
Patricia DeGroot,[10] with whom he has a son, Samuel.

Publications and awards

A Political Education (originally published 1972) is McPherson’s insider view of the nation’s capital from 1956 to 1969. Anatole Broyard of The New York Times described the book as “fascinating to read” and McPherson as “refreshingly candid in both his praises and his criticisms.”[11] A Political Education has become a political classic and is considered essential reading for understanding of LBJ and the Johnson administration.[12] It is frequently cited in two definitive biographies of Johnson, Caro’s Master of the Senate and Dallek’s Flawed Giant.

McPherson is the author of numerous articles on foreign policy and political issues published in The New York Times, the Washington Post, and elsewhere. He served on the Editorial Advisory Board of Foreign Affairs and the Publications Committee of The Public Interest.

In 1994, McPherson was recipient of the Judge Learned Hand Human
Relations Award. In 2008, he was honored with a Lifetime Achievement
Award by American Lawyer magazine.[4]

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Gary Carter, American Hall of Fame baseball player (Montreal Expos, New York Mets), died from a brain tumor he was 57

Gary Edmund Carter  was an American professional baseball catcher whose 21-year career was spent primarily with the Montreal Expos and New York Mets. Nicknamed “Kid” for his youthful exuberance, Carter was named an All-Star 11 times, and was a member of the 1986 World Champion Mets died from a brain tumor he was 57. Known throughout his career for his hitting and his excellent defense
behind the plate, Carter made a major contribution to the Mets’ World
Series championship in 1986, including a 12th-inning single against the
Houston Astros that won Game 5 of the NLCS and a 10th-inning single against the Boston Red Sox to start the fabled comeback rally in Game 6 of the World Series. He is one of only four people ever to be named captain of the Mets, and he had his number retired by the Expos.[2]
After retiring from baseball, Carter coached baseball at the college and minor-league level. In 2003, he was inducted into the National Baseball Hall of Fame in Cooperstown, New York. Carter was the first Hall of Famer whose plaque depicts him as a member of the Montreal Expos.

(April 8, 1954 – February 16, 2012)

Early life

Carter was born in Culver City, California
in 1954 to Jim Carter, an aircraft worker, and his wife, Inge. Gary was
athletic at a young age, winning (along with four other boys) the
7-year old category of the first national Punt, Pass, and Kick skills competition in 1961.[3] When Gary was 12, his mother died of leukemia.[4] He attended high school at Sunny Hills High School, in Fullerton, California, where he played football as a quarterback and baseball as an infielder. After receiving more than 100 scholarships for athletics,[5] Carter signed a letter of intent to play football for the UCLA Bruins as a quarterback, but instead signed with the Montreal Expos after they drafted him in the 1972 Major League Baseball Draft.[5][6]

Montreal Expos

Carter was drafted by the Montreal Expos as a shortstop in the third round of the 1972 Major League Baseball Draft. Carter got his nickname “Kid”[7] during his first spring training camp with the Expos in 1974.

Rookie season

The Expos converted Carter to a catcher in the minor leagues.[8] In 1974, he hit 23 home runs and drove in 83 runs for the Expos’ triple-A affiliate, the Memphis Blues. Following a September call-up, Carter made his major league debut in Jarry Park in Montreal in the second game of a double header against the New York Mets
on September 16. Despite going 0–4 in that game, he finished the season
batting .407 (11-27). He hit his first major league home run on
September 28 against Steve Carlton in a 3–1 victory over the Philadelphia Phillies.[9]
Carter split time between right field and catching during his rookie season (1975), and was selected for the National League All-Star team as a right fielder. He did not get an at bat, but appeared as a defensive replacement for Pete Rose in the ninth inning, and caught Rod Carew‘s fly ball for the final out of the NL’s 6–3 victory.[10] In that rookie season, Carter hit .270 with 17 home runs and 68 runs batted in, receiving The Sporting News Rookie of the Year Award and finishing second to San Francisco Giants pitcher John Montefusco for the National League Rookie of the Year award. That year, he was voted the Expos Player of the Year for the first of four times (he also won in 1977, 1980 and 1984).

Expos catcher

Carter again split time in the outfield and behind the plate in 1976 while a broken finger limited him to 91 games. He batted .219 with six home runs and 38 RBIs. In 1977, young stars Warren Cromartie, Ellis Valentine and Andre Dawson became full-time outfielders. By June, starting catcher Barry Foote was traded, opening up a regular starting position for Carter behind the plate. He responded with 31 home runs and 84 RBIs. In 1980, Carter clubbed 29 home runs, drove in 101 runs, and earned the first of his three consecutive Gold Glove Awards. He finished second to third baseman Mike Schmidt in NL MVP balloting, whose Phillies took the National League East by one game over the Expos.
Carter caught Charlie Lea‘s no-hitter on May 10, 1981,[11] during the first half of the strike shortened season. The season resumed on Sunday, August 9, 1981 with the All-Star Game. Carter was elected to start his first All Star Game over perennial NL starting catcher Johnny Bench who had moved to play first base that year, and responded with two home runs and being named the game’s MVP. Carter was the fifth and most recent player to hit two home runs in an All-Star Game.
MLB split the 1981 season into two-halves, with the first-place teams
from each half in each division meeting in a best-of-five divisional
playoff series. The four survivors moved on to two best-of-five League Championship Series.
The Expos won the NL East’s second half with a 30–23 record. In his
first post season, Carter batted .421, hit two home runs and drove in
six in the Expos’ three games to two victory over the Phillies in the
division series. Carter’s average improved to .438 in the 1981 National League Championship Series, with no home runs or RBIs, and his Expos lost to the Los Angeles Dodgers in five games.
Pierre Elliott Trudeau,
then prime minister of Canada, once remarked of Carter’s popularity
saying “I am certainly happy that I don’t have to run for election
against Gary Carter.” However some Expos were put off by Carter’s
unabashed enthusiasm, feeling that he was too taken with his image and
basked in his press coverage too eagerly, derisively naming him “Camera
Carter”. Andre Dawson “felt [Carter] was more a glory hound than a team player”.[12]

1984 season

Carter hit a home run in the 1984 Major League Baseball All-Star Game
to give the NL a 2–1 lead that they would not relinquish, earning him
his second All-Star game MVP award. Carter’s league leading 106 RBIs,
159 games played, .294 batting average, 175 hits and 290 total bases were personal highs.
The 1984 Expos
finished fifth in the NL East. At the end of the season, the rebuilding
Expos chafed at Carter’s salary demands and traded him to the Mets for Hubie Brooks, Mike Fitzgerald, Herm Winningham and Floyd Youmans.[12]

New York Mets

In his first game as a Met on April 9, 1985, he hit a tenth-inning home run off Neil Allen to give the Mets a 6–5 Opening Day victory over the St. Louis Cardinals. The Mets and Cardinals rivaled for the National League East championship, with Carter and first baseman Keith Hernandez leading the Mets. The season came down to the wire as the Mets won 98 games that season; however, they lost the division to a Cardinals team
that won 101 games. Carter hit a career high 32 home runs and drove in
100 runs his first season in New York. The Mets had three players finish
in the top ten in NL MVP balloting that season (Dwight Gooden 4th, Carter 6th and Hernandez 8th).
A rivalry also developed between the Mets and Carter’s former team,
the Expos. On July 30 while facing the Expos at Shea, Montreal pitcher Bill Gullickson threw a pitch over Carter’s head. Gooden did the same to Gullickson in the bottom of the inning. The Los Angeles Times speculated that Carter caught the ball as if he knew where the pitch was going to end up.[13]

1986 World Series Champions

In 1986, the Mets won 108 games and took the National League East by 2112 games over the Phillies. Carter suffered a postseason slump in the NLCS, batting .148. However, he hit a walk-off RBI single to win Game 5. Carter also had two hits in Game 6 which the Mets won in 16 innings.[14]
The Mets won the 1986 World Series in seven games over the Boston Red Sox. Carter batted .276 with nine RBIs in his first World Series, and hit two home runs over Fenway Park‘s Green Monster
in Game Four. He is the only player to hit two home runs in both an
All-Star Game (1981) and a World Series game. Carter started a two-out
rally in the tenth inning of Game 6, scoring the first of three Mets
runs that inning on a single by Ray Knight. He also hit an eighth-inning sacrifice fly that tied the game.[15] Carter finished third on the NL MVP ballot in 1986.[14]

300 career home runs

Carter batted .235 in 1987, and ended the season with 291 career home runs. He had 299 home runs by May 16 1988 after a fast start, then slumped until August 11 against the Chicago Cubs at Wrigley Field
when he hit his 300th. During his home run drought, Carter was named
co-captain of the team with Hernandez, who had been named captain the
previous season.
Carter ended 1988 with 11 home runs and 46 RBIs—his lowest totals
since 1976. He ended the season with 10,360 career putouts as a catcher,
breaking Detroit Tigers catcher Bill Freehan‘s career mark (9941). The Mets won 100 games that season, taking the NL East by fifteen games. However, the heavily favored Mets lost to the Los Angeles Dodgers in the 1988 National League Championship Series. Carter batted .183 in fifty games for the Mets in 1989. In November the Mets released Carter after five seasons, hitting 89 home runs and driving in 349 runs.

Return to Montreal

After leaving the Mets, Carter platooned with catcher Terry Kennedy on the San Francisco Giants in 1990, batting .254 with nine home runs. He found himself again in a pennant race in 1991 with the Los Angeles Dodgers, who finished one game behind the Atlanta Braves in the National League West.
At the end of the season, Carter returned to Montreal for his final
season off waivers from the Dodgers. Carter was still nicknamed “Kid” by
teammates despite his age. In his last at-bat, he hit a double over the
head of Chicago Cub right-fielder Andre Dawson, the only other player to go into the Hall of Fame as an Expo.[16] The Expos went 87-75 and finished second behind the Pittsburgh Pirates in the National League East.

Seasons Games Games caught AB Runs Hits 2B 3B HR RBI SB BB SO HBP Avg. Slg.
19 2295 2056 7971 1025 2092 371 31 324 1225 39 848 997 68 .262 .439

Carter had a .991 fielding percentage as a catcher and 11,785 career putouts. He ranks sixth all-time in career home runs by a catcher with 298.

Post-playing career

After his retirement as a player, Carter served as an analyst for Florida Marlins television broadcasts from 1993 to 1996. He also appeared in the movie The Last Home Run (1998) which was filmed in 1996.[17]

Hall of Fame

Carter 8.png
Gary Carter’s number 8 was retired by the Montreal Expos in 2003.

Carter was inducted into the New York Mets Hall of Fame in 2001.[18] In 2003, Carter was elected into the Canadian Baseball Hall of Fame along with Kirk McCaskill, and his number eight was retired by the Expos and is tacitly recognized on the facade of Nationals Park in Washington, D.C..
In his sixth year on the ballot, Gary Carter was elected to the Baseball Hall of Fame along with Eddie Murray
on January 7, 2003. Carter had originally expressed a preference during
his final season to be inducted as an Expo. Given the uncertainty of
the Expo franchise, Carter’s employment by the Mets organization since
retiring as a player, his World Series title with the Mets, and his
media celebrity during his stint in New York, following his election
Carter shifted his preference to be enshrined with a Mets cap. The New
York City media strongly supported Carter’s preference to go into the
Hall as a Met. Carter “joked that he wanted his Cooperstown cap to be a
half-and-halfer, split between the Expos and Mets”.[19] The final decision rested with the Hall of Fame, and Hall president Dale Petroskey
declared that Carter’s achievements with the Expos over twelve season
had earned his induction, whereas his five seasons with the Mets by
itself would not have, saying “we want to have represented on the plaque
the team that best represents where a player made the biggest impact in
his career. When you look at it, it’s very clear. Gary Carter is an
important part of the history of the Expos”.[20] Carter was the first Hall of Famer whose plaque depicts him with an Expos logo.[20]
At the induction ceremony, Carter spoke a few words of French, thanking
fans in Montreal for the great honor and pleasure of playing in that
city, while also taking great care to note the Mets’ 1986 championship
as the highlight of his career.[19]
After the Expos moved to Washington, D.C. to become the Washington Nationals following the 2004 season, a banner displaying Carter’s number along with those of Andre Dawson, Tim Raines and Rusty Staub was hung from the rafters at the Bell Centre, home of the NHL’s Montreal Canadiens. While the Mets have not retired number eight, it has remained unused since Carter’s election to the Hall of Fame.


Carter was named Gulf Coast League Manager of the Year his first season managing the Gulf Coast Mets in 2005. A year later, he was promoted to the A-level St. Lucie Mets, and guided his team to the 2006 Florida State League
championship, again earning Manager of the Year honors. In recent
years, Carter has been criticized, most notably by former co-captain
Keith Hernandez, for twice openly campaigning for the Mets’ managerial
position while it was still occupied by incumbents Art Howe in 2004, and in 2008 Willie Randolph.
In 2008, he managed the Orange County Flyers of the Golden Baseball League,
and again guided his team to the GBL Championship and was named Manager
of the Year. For the following season Carter was named manager of the Long Island Ducks of the independent Atlantic League of Professional Baseball.[21] The Ducks won the 2009 second half Liberty Division title, but they were defeated by the Southern Maryland Blue Crabs in the Liberty Division playoffs.[22] The next season Carter was named head baseball coach for the NCAA Division II Palm Beach Atlantic University Sailfish.

Personal life

He and his wife, Sandy, were married in 1975. They had three children.[4]
His daughter Kimmy is the head softball coach at Palm Beach Atlantic[23] and was a softball catcher for Florida State from 19992002.[24]
Carter was an active philanthropist. Through The Gary Carter
Foundation, of which Carter was the president, Carter and his staff
support 8 Title I schools in Palm Beach County whose students live in
poverty. Typically, these schools have 90% or more students eligible for
free or reduced lunches. The Foundation seeks to “better the physical,
mental and spiritual well being of children.” To accomplish this, they
advocate “school literacy by encouraging use of the Reading Counts
Program, a program that exists in the Palm Beach County School
District”. Since its inception, The Gary Carter Foundation has placed
over $622,000 toward charitable purposes, including $366,000 to local
elementary schools for their reading programs.[citation needed]

Illness and death

In May 2011, Carter was diagnosed with four malignant
tumors in his brain after complaining of headaches and forgetfulness.
Doctors confirmed that he had a grade IV primary brain tumor known as glioblastoma multiforme.
Doctors said that the extremely aggressive cancer was inoperable and
Carter would undergo other treatment methods to shrink his tumor.[25][26]
On January 20, 2012, daughter Kimmy posted on her blog that an MRI had
revealed additional tumors on her father’s brain. Even as he battled an
aggressive form of brain cancer, Carter did not miss Opening Day for the
college baseball team he coached.[27]
Carter died of brain cancer on February 16, 2012. He was 57 years old.[28]
On February 25, 2012, the Mets announced that they were adding a
memorial patch to their uniforms in Carter’s honor for the entire 2012
season. The patch features a black home plate with the number 8 and
“KID” inscribed on it.[29] On the Mets’ 2012 opening day, the Carter family unveiled a banner with a similar design on the center field wall of Citi Field.
The NHL‘s Montreal Canadiens, who had purchased the mascot and hung retired numbers in its arena after the Expos relocation to Washington, paid tribute to Gary Carter by presenting a video montage and observing a moment of silence before a game against the New Jersey Devils
on February 20, 2012. All Canadiens players took to the ice during
pre-game warm-ups wearing number 8 Carter jerseys, and Youppi! appeared
wearing an Expos uniform. In addition, Youppi! wore a patch on his
Canadiens jersey featuring a white circle with a blue number 8 inside it
for the remainder of the season. [30]
Tom Verducci, longtime Sports Illustrated
baseball writer, reminisced about Carter following his death, “I cannot
conjure a single image of Gary Carter with anything but a smile on his
face. I have no recollection of a gloomy Carter, not even as his knees
began to announce a slow surrender … Carter played every day with the
joy as if it were the opening day of Little League.”[4]
“Gary actually took a lot of grief from his teammates for being a
straight arrow. It wasn’t the cool thing to do but on the same token, I
think he actually served as a role model for a lot of these guys as they
aged. He was the ballast of that team. They did have a lot of fun,
there’s no question about that, but they were also one of the fiercest,
most competitive teams I’ve ever seen and obviously their comebacks from
the ’86 postseason defines that team. Carter was a huge part of that.”[31]
Faillon Street W. in Montreal, near the former Jarry Park stadium, has been renamed Gary-Carter Street in his honour.[32]
On March 28, 2014, during an exhibition game between the Toronto Blue Jays and the New York Mets
at Olympic Stadium in Montreal, QC, a banner was unveiled in honour of
Gary Carter in a special ceremony before the first pitch. Carter’s widow
Sandy and daughter Kimmy were present on field for an emotional video
tribute and the unveiling of the banner on the outfield wall, which
reads “Merci! Thank You!” and contains an image of a baseball overlaid
with Carter’s retired number 8.[33]

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80 people got busted August 18, 2014

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Did you know that some lenders that will not lend in Cook County (Chicago, Ill) Cayuga County (Cleveland, OH) and Wayne County (Detroit, MI)?

 Did you know that 100% financing, does not really exist?

Did you know that they have a radio advertisement stating that they could show consumer how to purchase property with no money down?

Did you know that ARV means After Repair Value?

Did you know that a Conventional Loan is a loan that is based on ICE?

Did you know that ICE is Income Credit and Equity?

Did you know that an Asset Based loan is a loan that is based on the equity in the property?

Did you know that if you own a property free and clear and you get a loan to pull equity from the property, that is a Asset Based Loan

Did you know that being vested in a mortgage deal is not enough?

Did you know that Lenders want you invested in a Conventional lenders prefer around 10 to 20% and a Hard Money lenders  prefer 30 to 40%?

Did you know that some lenders that will not lend in Cook County (Chicago, Ill) Cayuga County (Cleveland, OH) and Wayne County (Detroit, MI)?

Did you know that Foreclosing  in those states listed  is a process that takes years to complete ( 2 to 3)?

 Now if you didn’t know, now you know…

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10 kids by 8 women: ex-NBA player’s child support

Yesterday, “Nancy Grace” did a segment on former NBA player Jason Caffey and his child support suits and bankruptcy. The report is Caffey owes over $400,000 in child support payments for 10 children by 8 different women in 5 different states. And I guess these are the ones, as Nancy put it “that we know about.” According to Grace, bankruptcy doesn’t exempt a parent from paying child support.
They reported that he claims $11,000 as his monthly income and pays out almost $7,000 per month. Caffey, over the span of his eight-year career played professional basketball for the Chicago Bulls, the Bucks, and Warriors, they estimated his annual salary to be at least $5 Million per year, and he retired five years ago.
His college sweetheart and mother of his first child was on the show. It looks as if she has moved on, because she was photo’d in what appeared to be a wedding gown with a man, and perhaps a family photo with the guy, and a young boy. She reported when he worked, he paid his child support. After he retired, payments were inconsistent. This is one mother. He claims after retirement, he does not make the same income, and should not have to make the same payments.
Nancy gets into what she calls his string of businesses that he is reported to have, and one of her guests talks about him having had supposedly having a history of a “mental illness—social anxiety disorder.” What it has to do with payments, who knows? Several obvious issues are in play, besides the one of responsibility. However, is this too logical—when you are changing jobs or moving from a certain income level to a lesser level, doesn’t the parent go into court and say in the beginning, “I can’t afford these payments?” I don’t know what his situation was, because I have not followed his story.
No one knows all the financial details, but they had some of his financial information on supersoakerstyle blast. It looked like snippets of an annual report statement up on the screen. I mean WOW. I must really be out of the loop, because I thought people stopped having so many kids-here-there-everywhere. Anyway, a whole lotta dynamics are working this issue.

28 people got busted August 17, 2014

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100% financing, does it really exist?

100% financing, does it really exist? Yes and no. So too begin why I even choose this subject. Around August or September of 2014 I had been hearing this radio advertisement stating that they could show consumer how to purchase property with no money down. So 3 to 4 times monthly I get calls from new investors who want to know the qualification for obtaining a hard money loan. I am figuring that this is people who have attended this seminar and now they are ready to try out what they learned.

So to begin if you don’t have any money, who do you expect to lend to you? Second if you have bad credit, that is usually grounds for a turn down. Now let me put clarity on a couple of things that the new investors love telling me. “I found this property for $20,000 and after the ARV the property will be worth $150,000″. So as I listened as they tell me the scenario. It does not take long to figure out that he did not have a clue! So I asked him what is ARV, his answer was ” I don’t know”. So with a deep sigh I explained what ARV is. ARV means After Repair Value. So who ever gives the seminars really stress that they can get a hard money, based on the ARV. So my next question is do you know what a Hard Money Loan is. In so many words no, they don’t have a clue. So to explain a hard money loan I must first explain what a Conventional Loan is. A Conventional Loan is a loan that is based on ICE. Okay ICE is Income Credit and Equity. So lenders determine if they will loan you money based on your ICE. So now a Hard Money is usually based off of the equity in a property that you own, not one that you are trying to purchase! Although after the housing crash in 2007 it changed the way lenders lend money. Now Hard Money Lenders want to see credit with equity. Credit can kill a deal if its horrible (550 or lower). So the difference between a Hard Money Loan and a Conventional Loan is that what you need to qualify for a loan. With a Hard Money Loan it is generally Equity and Credit.

Now an Asset Based loan is a loan that is based on the equity in the property. If you own a property free and clear and you get a loan to pull equity from the property, that is a Asset Based Loan! Now because you are buying a property with equity. Please remember that is not your equity, its the sellers equity, until you buy it!

Now lets get back to the Myth of the 100% financing. 10 years ago it did exist, but in this day and time, no it does not! Nothing is more frustrating to me than someone who blew smoke and filled people heads with the ideal that they can buy property with no money down. “REALLY”. Let me break it down a little more. If a lender did loan you $100,000 dollars to fix and flip a property and it did not cost you 1 cent. So what if you are working on the property and a problem pops up that is going to cost you $20,000 more than what the Lender Loaned to you, what are you going to do? You are vested in the deal because you are overseeing the project. Yet you don’t have credit and no money, and believe it or not this is the easiest loan to walk away from. Now imagine that you walked away from the loan, and the lender is stuck with the property for $100,000 that you were suppose to rehab. So the money that they had is now sitting in real estate which is waiting to be sold.

Now this is the reality that everyone must face, all lenders want you invested in a deal. Conventional lenders prefer around 10 to 20%. Hard Money lenders  prefer 30 to 40%. When you are invested in a deal, nobody wants to loose there money. So they are going to fight harder to not let the deal fall. So here is something else if they loan you $60,000 dollars on a property that is worth $150,000 they have a better opportunity to come out smelling like a rose.

So I do have some lenders that will loan money on ARV but they have stipulations that you must qualify under or they will not do the loan. 1st and most important credit score must be 700. 2nd area specific. Not all states qualify! I have several lenders that will not lend in Cook County (Chicago, Ill) Cayuga County (Cleveland, OH) and Wayne County (Detroit, MI). Simply because to Foreclose in these states is a process that takes years to complete ( 2 to 3). Who wants to have a few Hundred thousand dollars tied up in property that you can not touch?

Even if a Hard Money Lender want to lend you money for the ARV you still have to pay closing cost, and those are not cheap!

So in reality no there is no such thing as 100% financing, so when you hear that talk, go the other way.

43 person got busted August 16, 2014

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80 people got busted August 15, 2014

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73 people got busted August 14, 2014

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Did you know that Set To Go Loans can give loans on free and clear property even if you have bad credit?

Did you know that Set to go Loans closed 3 loans in the month of November 2014?

Property Location: Memphis, TN
Property Value: $67,000
Loan Amount: $36,570
Closed: November 2014

Property Location: Memphis, TN
Property Value: $99,000
Loan Amount: $36,570
Closed: November 2014

Property Location: Memphis, TN
Property Value: $140,000
Loan Amount: $74,200
Closed: November 2014

Did you know that Set To Go Loans can give loans on free and clear property even if you have bad credit?

Did you know that Set To Go Loans has over 100 lenders in there portfollio?

Did you know that Set To Lo Loans has bought people out of a chapter 13?

Did you know that Set To Go Loans has lenders that lend in all 50 states

 Now if you didn’t know, now you know…

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Did you know that when you work a job that pays you tips you still can create a paper trail?

Did you know that you if you are not a w-2 employee that you can create a paper trail?

Did you know that a paper trial means the written evidence of someone’s activities.

Did you know that when you work a job that pays you tips you still can create a paper trail?

Did you know that if you deposit once a week, that you will create a paper trail of how much money you earn in a week or month?

Did you know that creating a paper trail also allows you to prove you income and qualify for a loan or credit?

 Now if you didn’t know, now you know…

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30 people got busted August 12, 2014

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Did you know that the easiest way to resolve a dispute over Heir Property is to have them quitclaim there rights to the property?

Did you know that heirs’ property (HP) is mostly rural land owned by African
Americans who either purchased or were deeded land after the Civil War?

Did you know that Heir Property is land that was passed down through the generations without the benefit of a written
Will, or the Will was not probated within the 10 years required by law to make it valid – so the land became heirs’ property?

Did you know that Heirs’ property is land owned “in common” (known as tenants in common) by all of the heirs, regardless of whether they live on the land; pay the taxes or have never set foot on the land?

Did you know that Heir Property is the most complex land to refinance or sell?

Did you know that a quitclaim deed is a legal instrument by which the owner of a
piece of real property, called the grantor, transfers any interest to a
recipient, called the grantee?

Did you know that the owner/grantor terminates (“quits”)
any right and claim to the property, thereby allowing claim to transfer to the recipient/grantee?

Did you know that the easiest way to resolve a dispute over Heir Property is to have them quitclaim there rights to the property?


Did you know that all it takes is for one Heir to disagree with his share of the property will cause the property to not be sold or refinanced

 Now if you didn’t know, now you know…

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76 people got busted August 11, 2014

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