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12/02/2009

$30Billion or $1Billion?

Thirty Billion Dollars MORE on an Eight Year War.
30,000 more troops to go to Afghanistan in President Obama’s
Surge and run. Or did he call it spend and split in eighteen months?
Does President Hamid Karzai think that we can stop the Taliban from taking over the country?

President Obama:

I have an alternative to your plan and it is cheaper, less in
American lives and is a permanent change to the region.

Instead of sending troops who will bomb mame and kill our mission is to take remove and adopt every seven to eleven year old boy who is poor and possibly with only one parent. IF we have to we will pay the family $5000. cash for the boy.
We are going to send them to school in United States, England and any European country that wants to continue to be our ally. The adopted boys will be legal citizens who live with a family in their adopted country. The boys will be guaranteed a college education or trade school in exchange for attending school and having a C average.

Cost of the education per child $120000. Host family will have a tax benefit of $ $ 20000. annual as if it was an additional mortgage interest deduction. Total cost per child estimated $ 200,000.

The population count of nomads, refugees, and uprooted people in country could be between 10 and 13 million. Life expectancy in Afghanistan is around 46 years old. There could be less than 500,000 boys of this age range and 250000 may be orphans or separated from their family. These are the boys the Taliban targets to bring from cities such as Kabul, Ghazni, Jalalabad, and Mazar-e Sharif. My plan is to remove the boys from harm’s way. The boys will be educated, have job skills and when they have completed college or trade school they are able to return to their country with something positive to contribute rather than hate and extremism.

Crazy? Organizations such as the Catholic Vincenzian Brothers do “adopt” boys for a cost of about $19000 per child. They can not offer the resources that I am suggesting, but imagine for a moment that the Taliban has no recruits. Imagine that a wave of permanent change could be made by reducing the number of terrorists and giving the people of these rural communities who have no alternative but fear and they could say no to terrorism.

12/01/2009

Tiger Woods Press Release

Tiger you are truly blessed. You made it as the World's greatest golfer. The problem with being at the top in America is: everyone wants to see you fail. Maybe we all know that marriage is hard and success never comes easy but leave it to me, I will now run the true story press release on your behalf. This will get all the snoopers off your back better than your handler's camp advice to use the "no comment."

My wife and I were fighting. OK. If you go to the grocery store and see the trash rags with pictures of your husband having an affair, the media hounds sleep on your driveway waiting for you to make a mistake, and everywhere you go there is no peace... "just give a guy a break." That's what I told her that night.

It didn't go over very well and at 2:25 AM I just had enough of the pointing with that well manicured finger. So I try and sneak out but she goes and throws a nine iron at the back of my Cadillac. This would piss off any gentleman. So instead of breaking, I hit the accelerator in a rush of adrenalin.

Happy America? Does it make you feel sorry for my children who slept cozy in their beds and never heard the fight? And if I was going to have an affair, it will be with some super model OK?

11/12/2009

Dear Jessica
Alvarez and Marsal


Thank you for your telephone call about my Washington Mutual accounts.
It seems your law firm is unable to find the various accounts which I own/ was trustee
For before the crash in September 2008.

It shocked me that the law firm that has billed $ 2,701,857. to me and my fellow
WM bankruptcy partners doesn’t even send me a twenty dollar gift certificate
towards a Thanksgiving turkey. Your voice sounded young and fresh. I recall
myself working a 75+ hour work week with all the enthusiasm of a young bull.
Good luck to you and the generation in America who has no idea how many pieces
of green paper dollar bills equals a trillion in miles ( enough to wrap the earth almost four thousand times) or how long it takes to save even $ 8000.

Yours truly,
"There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." - Albert Einstein



All around me the beauty of this world astounds me. Did you see the cloud formations in the East today?

11/09/2009

Flip This House - Flipper Under the Sea

Caroline Gerardo
copyright © November 6, 2009


11/6/2009
Flip This House
It sounds so easy.


Gathered by the flagpoles at 700 Civic Center West fifty people dressed down in baseball hats and hoodie sweatshirts raise their arm to bid on a house. It’s a cool November morning, but the real reason to cover your head is carrying million dollars on your body in cashier’s checks and cash requires a low profile. It is important to be unrecognizable as a representative of hedge fund or cash offshore money.

A flip real estate transaction is a purchase for of property that has recently been acquired by the seller and is being sold for a quick profit. Rapid resale of property was layered with fraud in the past. Flippers are not evil, they are business people. Flipping poses large risks. Failing with your own cash is painful. Unknown title liens pop out of the woodwork, tenants in the house with weapons may threaten, once a flipper found a dead horse that the owners purposely left behind. Property can be purchased by reviewing verbally with the last listing agent as to condition and general value, but it is bought unseen in current state.

Our government is trying to stop mortgage fraud by hanging someone in a tree. It’s going to be the flippers who get pinched in the next wave of regulation. Coming down the pipe are crack downs on the profits a cash buyer at the courthouse can garner.

Back in May 2009 Federal Housing Commissioner Brian D. Montgomery extended the temporary property flipping waiver to May 10, 2010. Under the waiver, "homes that were foreclosed on and are being sold by the mortgagee or on its behalf may be purchased by FHA borrowers without regard to the 90-day seasoning period. The waiver does not apply to entities that purchase foreclosures either singly or in bulk for resale. Subsequent sales of such properties will continue to be subject to the standard regulatory requirements."



Today mortgage insurance companies, lenders, and Fannie/ Freddie/FHA (mien government loans) have imposed tougher standards on the profit flippers enjoy. Underwriters want to see the original transfer deed, and any subsequent transfers. It’s common to ask for a 24 month chain of title and a list of capitol improvements. Transfer deeds can be blacked out at recording but an Underwriter wants to verify if the Borrower and Seller are related. The deed might be transferred from one LLC to another. A click of internet access will check to see if the LLC is registered, therefore leading to five more questions.

Lenders want to see exactly how much profit the flipper is making to "protect the buyer". If the profit exceeds certain percentages, the flipper may have to provide actual receipts, just as if they were audited by the IRS. Mein government will require a) more down payment to secure against inflated value b) longer seasoning time (90 days was the old FHA rule could be six months or a year) c) not allow purchases or refinances on flipped properties.

So how do you improve your chances of closing? Personally knowing the listing agent and having a conversation about the documentation that may be required of a seller (many loans require seller signatures of their own unique disclosures) certainly will lead to a smooth
transaction. These days being ready in advance makes for closing more deals.




C. G. Barbeau