Search for your New Home

A soaking tub in your new home

Search the Southern California Multiple Listing Service MLS from your smart

phone or desktop free
http://hbsr.homescouting.com/myapp/54b9393c-a2cb-437e-a2d7-1784249a2081

I offer this application for free. You can shop during the day or night. You can look up the value of your own home. Search for comparable sales in your neighborhood. It will tell you all the open houses near to you on any given day. It links to the Multiple Listing Service directly. When a Realtor uploads a new listing, it is live and available for you to view. A helpful way to search for a home from your smart phone, car, apartment desktop. To sign on you will need my secret code. The secret code is my phone number with no dots, no dashes, no parenthesis... 9496378190 Once you sign in then you will set up your own personal user name and password. Feel free to look at properties as often or as little as you may need. Shop for a friend, share it, be my guest.

When you need a mortgage or home loan just remember me and that I gave you this free Birthday present. Any questions my friends? Please feel free to call me. I am here to help.

Bath tub Bathroom remodel

http://eaglehomemortgage.com/carolinegerardo/

NMLS 324982

John McLaughlin painting

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John MCLAUGHLIN oil on canvas paintng

John Dwyer McLaughlin (May 21, 1898 – March 22, 1976) was an American abstract painter. Based primarily in California, he was a pioneer in minimalism and hard edge painting.

He lived in Dana Point California about two blocks from my house. My father met him in 1969, they had mutual roots in Sharon Massachusetts. I own four paintings of his work, two drawings and some letters This painting is in excellent to perfect condition which is unusual for his work. John sometimes used house paint, and acrylic over oil that crackled on purpose.

John McLaughlin painting

Plan Before You Buy A Home

Plan before you buy a home.

When purchasing a home plan for the next ten years. Most homeowners only stay seven years, but the older you are the longer you will stay statistics show. 

Two people close to me: my mother and prior business partner Bill Broza both suffered from strokes in the past years. They have similar dilemmas. My mother owns a two story house in  Laguna Niguel with no downstairs bedroom and only a powder room on the first floor. Bill also lives in Laguna Niguel in a Spanish style two story with only a tiny powder room on the first floor.

A house can be adapted. We reviewed adding a stair lift or elevator but both are costly and unsightly. A stair lift is a motorized rail and chair that attaches to existing stairways. I was concerned that my Mom could easily fall off the lift and be stranded on the stairs perhaps for hours. I looked into adapting each house by adding a elevator. Cost to construct this was about thirty thousand dollars, and because it would change the functionality of the homes and elevator might bring the value down.

Other possible remodeling such as enlarging the downstairs bathroom to add a stand up tub can cost between ten and thirty thousand dollars. Adding a funky bath is not going to help her when she does choose to sell her home.

My mom is set on staying in her home. The cost of care layered with remodeling is prohibitive. Temporarily last year she lived with me.

My point is: for example you are a young couple who may have children in the coming years. Look to what future the subject property may need to be changed to fit the lifestyle.

When the downturn occurred many homeowners could not easily sell their home and make changes. They owed on mortgage loans larger than the value of the home. Life always holds surprises ahead. Planning for them makes it easy when they occur.

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Cute bath just outdated

Did FICO Lie to You?

Old school house

Fair Isaac announced in the news this week that they are now offering a kinder gentler credit score the FICO 9. Who is running the schoolhouse?

 What they did not say is:

They were forced to do this by the Consumer Financial Protection Bureau. Richard Cordray is more powerful than President Obama. If Cordray can get William J Lansing to change his business model, imagine the possibilities ahead...

Fair Isaac Corp. creates products and services that help businesses to automate, improve, and connect decisions to enhance business performance. It provides a range of analytical solutions, credit scoring, and credit account management products... They are used in mortgage lending, commercial loans, employment applications, and information gathering. Consider them the inventor of constantly improving and growing software that snoops, measures and predicts.

How did CFPB get FICO to change how they award points?

CFPB saw inequities in credit scoring for the “underserved.” Perhaps CFPB just wanted some of the secret sauce of exactly how the mathematical models make up and individual’s score from day to day. 

So what changes will now inflate FICO scores?

A bad debt later paid off through collections, that bad debt won't affect FICO scores anymore.

Yesterday I dealt with a collection company for a Borrower. Amy sat at my desk while we called the company that four years ago wrote a letter stating they knew this was not her debt, that it belonged to someone else in another state with a similar name. The collection had been cleared from her credit in 2010. This same collection company now reinstated the account against her name.

We called the owner of the collection company, as his name is on the letter.

“Mr. Norman may I fax you the letter you wrote to me in 2010 that states you researched and discovered this tow truck collection is not mine?”

“Hell no I’m not giving you my fax number. Go take it up with the bureaus.”

“I did Sir but they state your company is reporting this again.”

He hangs up.

The frustration of dealing with clearing an erroneous collection is great. It’s difficult to prove information from years in the past. Victims of identity theft have it even harder.

Any debt relating to medical problems will have less impact on scores. In fact, if the only bad debt someone has relates to a medical problem, those people might see an increase of 25 points or more in their FICO numbers.
This one is important because if you ever went to a hospital, even with health insurance, the bills fly in from all directions. It is easy to miss one.
Fair Isaac will evaluate people with little credit history using a new algorithm that will give them a higher grade.

Steve Brown, president of the National Assn. of Realtors, excited about the new score's potential that he predicted it would "make a real difference in the lives of millions of Americans who have been shut out of the housing market or forced to pay higher mortgage interest rates because of flawed credit scores." Perhaps Mr. Brown is just looking for any good news with the fights NAR has with Zillow ahead, but I digress.

What the news media missed (and the CFPB is probably already planning) is this won’t help consumers. It gives the CFPB a second phase step into regulating the software and hardware that every private and public mortgage lender, bank, credit offer(er) uses.

Fannie Mae and Freddie Mac announced they aren’t going to use FICO 9. They respectively have their own software – DU and LP which lenders access nationwide. Fannie and Freddie are not going to add in updates or new software to allow for FICO 9. Think of it this way: I love Netflix but they aren’t going to allow a Film company to tell them they have to use smell-vision. Also all the direct lenders, banks, credit unions and mortgage companies have twenty different platforms they use that would have to be changed or trashed to add in a new score.

Why would thousands of companies change? Can we expect CFPB will make it so?  Tell me what you think. Tell me your story about errors on your credit.

Fair Isaac is a NYSE traded stock as FICO they are based in San Jose California

Cute bedroom with teddy bears on the beds the kind of dream home everyone wants

Glass house guess I shouldn't throw stones

Fair Isaac is a NYSE traded stock as FICO they are based in San Jose California