Recent content by SeaLion

Darin, Nice going man. It will be time well spent. Having no debt is what's enabling me to not sweat, stress or worry since my business has been very slow to dead the past two and a half years. I have been home quite a bit with the kids because of it. Because of it I have been able to take them...

They are in my state, California. I don't know about other states. I imagine many are non recourse too on the original loans. Regardless, a refi, heloc etc turns it into a recourse and that was little known info I was relaying.

Yes that's basically a non recourse loan. As soon as you refi, take cash out, consolidate, it turns into a recourse loan and you can be sued for the outstanding balance. Most do settle for quite a bit less but you have full protection if you never mess with your original 1st mortgage. In the...

Did you guys know that as soon as you do a refi, it turns a non-recourse loan (your original loan) to a recourse loan? Let's say you get foreclosed. With a non-recourse loan, the bank can't go after you for the difference in your mortgage amount and what they unload it for. With a loan that has...

I never paid any account fees for my business checking account. The past few months, wells Fargo has been charging $10 a month. That bites!

Here's a pretty neat tool/calculator for rent vs. buy. Plug in the numbers and see where you are at. http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?ref=patrick.net Keep in mind prices are falling and so is rent so that will affect the numbers in a couple of years but still...

On the same token, there are a bunch of renters that are golden because they are not upside down on a house and could take decades to break even. Actually many are mailing in the keys to the mortgage co and becoming renters. Owning is great and renting is great too. There are a ton of variables...

Trust me that home prices are not going up from $225K to $600K for probably 20+ years. They are still falling and will continue to fall for a couple of more years and then level off for many years after that. You would be better off waiting and saving more money in the meantime for 20% down...

Nothing wrong with that.

$750 to $1000 floats my ski for quite some time, especially with current fuel prices :biggrin:

My C.C. is from my bank and I have it set to automatically deduct the minimum payment in case a transfer I make doesn't go through. This will enable you to never be late but it is only the minimum payment and you would have to pay the interest but no fees or credit ding. That said, I always pay...

I think the current economic situation will lead to different paths of getting there and there are some unique circumstances but for the most part, SuperJett's comment is quite the norm for most. All I know is I'm glad I have been saving in the past couple of boom years and have no debt. I...

Just rent a boat for a day a couple of times a year. You have the fun with the family, don't spend an arm and a leg on it to sit in the driveway most of the year. Better yet, make friends with someone with a boat but don't be like many others that go for the ride but never pay anything. Fill up...

I made the following posts at pwct from a 15 minute search for the guy. Just in case some of you don't go there, here they are pasted. I hope it helps. Did a little investigating. This might help you guys out? http://providence.craigslist.org/grd/653328301.html...

Right on Butch. All the best to you brother.