Search found 485 matches

by astrohip
Sun Aug 25, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: Quicken update headaches
Replies: 20
Views: 1547

Re: Quicken update headaches

OP here. To close out this thread for anyone who cares. I finally discovered the problem. Windows 10 and Quicken reside on my Samsung SSD. I had turned on Controlled Folder Access for that drive on Tuesday after reading an article on the web. On Wednesday morning, I had installed the Quicken patch....
by astrohip
Mon Aug 12, 2019 9:16 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

Texas is a deed of trust state, so mortgages don’t exist. A deed of trust simplifies the foreclosure process. Although, there aren’t mortgages, now and then loan documents in Texas will use mortgagor/mortgagee which may be what the OP is referencing. Deed of trusts will have trustor/trustee. Then t...
by astrohip
Mon Aug 12, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

J G Bankerton wrote:
Mon Aug 12, 2019 4:35 pm
Payment was in guns and rum, I think they got a good deal.
Depends on the rum. :beer
by astrohip
Mon Aug 12, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

Goal33 wrote:
Mon Aug 12, 2019 3:20 pm
OP, did they accept one of your two options or decide to do nothing?
Never heard back. I think they decided to regroup and reconsider their options.
by astrohip
Mon Aug 12, 2019 2:58 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

You could redo the lien. If selling, there would almost certainly have to be a survey and separation of the two acres from the remaining amount. Those expenses should not be yours, of course. If those holding your lien had a survey and separated the land, could prior payments then be attributed to ...
by astrohip
Sun Aug 11, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

I still don't see what the borrower/buyer expects to gain IF this is arranged as an "all proceeds to the lender". As I mentioned above, my option makes this hardly worthwhile to them. After expenses, they will barely have a modest amount to apply against the balance. I think they thought they could...
by astrohip
Sun Aug 11, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Typical response. You spent all this time figuring out what to do with this 'pocket sale' of parcel by your client, but you only include the time that is conveniently little. Sure. Consider it ancillary time spent to help make a smart decision. Plus, I learned I've been mixing mortgagee and mortgag...
by astrohip
Sun Aug 11, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

Sounds fair to me. Really, this mortgagor is just the middle man between you the owner and the buyer. Have you talked to a title company about this yet? I'm guessing you would like to handle it all yourself since you did the owner finance part and all. But, a title company might be able to handle t...
by astrohip
Sun Aug 11, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

I am not so sure that the OP has the amount of veto power he thinks he has. Ah, disagree. If the OP has a valid first lien on the entire parcel then any assignment should be subject to that lien - the buyer’s buyer would be screwed. Exactly what NYCguy said. I have a valid Lien, filed with the coun...
by astrohip
Sun Aug 11, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Bingo! We have a winner. If you think that: - you have the time, - the experience, - the data, - and all To compete with the banks, then good luck. You're over-complicating this. Time? I get a check once a month. Post it to an Excel spreadsheet I found online, and to my Quicken account (and of cour...
by astrohip
Sun Aug 11, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

smackboy1 wrote:
Sat Aug 10, 2019 10:34 pm
If I were OP I would require the borrower to either:
1) Put all sale proceeds towards repaying the loan
2) Escrow the sale proceeds and make it part of the collateral
Which is exactly what I said I was going to require. Several times, several posts above.
by astrohip
Sat Aug 10, 2019 9:59 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

Someone way above asked why I would do this (owner finance). I never really answered... If you don't need the money, and your investments are rocking along, and you are happy with those investments and their balance & risk, what do you do? This is basically a 4.5% CD, at a time when the going rate w...
by astrohip
Sat Aug 10, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

This has the potential of being a real mess and something I am filing away for future consideration. I feel for the holder of the loan. Playing banker sure has it's risk and this is one I wouldn't have thought of. I wonder how a conventional bank loan treats issues such as this? I am guessing some ...
by astrohip
Sat Aug 10, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

I would also wonder if the mortgage has to be re-written since the lot would no longer be properly defined. Yes, the legal description would change, and I would require a new survey. A lawyer would have to draw up new paperwork (Liens, Deeds, etc), and they would have to be filed with the County. I...
by astrohip
Sat Aug 10, 2019 3:18 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Let me clarify what I mean. The mortgage is owner-financed. They transferred the deed upon the closing of the sale to the mortgagee. No question there. If the mortgagee is inquiring or asking permission to sell a portion of the land, it implies that there is a prohibition in the legal documentation...
by astrohip
Sat Aug 10, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

BuffaloBill21 wrote:
Sat Aug 10, 2019 12:10 pm
Depends on how nice you want to be...
As JG Bankerton said, I want to be somewhere between nice and Wells Fargo. Fair and balanced... :mrgreen:
by astrohip
Sat Aug 10, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagor wants to sell a slice of the land. Thoughts?

You are within your rights to insist on 100% of the potential sale proceeds. Two follow up questions: How much is left on the note? What would the potential sale net your borrower? Perhaps there is common ground where you get a portion of the proceeds and they get to keep some too - or a portion ca...
by astrohip
Sat Aug 10, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

astrohip wrote:
Sat Aug 10, 2019 11:52 am
cherijoh wrote:
Sat Aug 10, 2019 11:19 am
You might want to retitle your post to reflect Gill's correction.
Good idea. How? I tried clicking, nothing.
Never mind, figured it out.
by astrohip
Sat Aug 10, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Some background, that may provide some info to several of your posts. And thanks for ALL the feedback. This is a piece of property I owned for many years, I am intimately familiar with it. Land sales can take a while in this area, and by owner-financing, I was able to get almost 100% of my asking pr...
by astrohip
Sat Aug 10, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

It is a std lien and DofT, properly perfected. They can't sell any of it without a title company seeing them filed at the county, which of course would stop it dead in its tracks.

As I mentioned above, they can give me the proceeds or go out and refi.
by astrohip
Sat Aug 10, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Gill wrote:
Sat Aug 10, 2019 10:41 am
Just to clarify - you are the mortgagee. The other party is the mortgagor.
Gill
Thanks, I've only said that wrong for 60+ years. :oops: How did I never know that?

I've decided to offer them two options: Apply the proceeds against the current balance, or refinance.
by astrohip
Fri Aug 09, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Thanks for the quick replies... answering some of your questions... * No, they haven't said they intend to give me the proceeds. :wink: * I know the parcel they are selling (it was my land for ten years). It won't appreciably change the value of the remaining land, other than it's slightly smaller n...
by astrohip
Fri Aug 09, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6753

My mortgagor wants to sell a slice of the land. Thoughts?

I hold an owner-financed mortgage on a 30 acre piece of land, with a small house on it. Sold it 3-4 years ago, buyer (couple, 2 kids) has paid on time. They want to sell a small slice of it, 2 acres, to a neighbor. They asked if it was okay, "they didn't see anything against it in the paperwork". 1)...
by astrohip
Mon Jul 15, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8061

Re: Buying a Smoker

4. After I pulled the last rack off I closed all the vents, and after giving it a cooler period, dissembled the smoker to try and clean it. I took a grill brush to the cooking grates, and power washed the water pan. I felt like keeping it clean and dry will extend its lifespan. I don't clean my gri...
by astrohip
Sun Jul 14, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8061

Re: Buying a Smoker

Great advice. My go-to accessories are: * Accurate thermopen (critical!!) * Good set of grill tools * Chimney starter The above items are must haves. Some additional items, if you get the bug... * Display temp probe (where you can see the meat temp without poking & opening * Temp probe for smoker it...
by astrohip
Sat Jul 13, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8061

Re: Buying a Smoker

Every so often I get an idea, and this time it's getting a smoker. I enjoy cooking, entertaining, and grilling, and this has made me curious. While no doubt I could get excellent technical information and specific product recommendations on a BBQ site, the questions are more about value. I'm going ...
by astrohip
Tue Jun 25, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 26
Views: 4733

Re: What does a real estate oil bust look like

So... how did the Katy real estate market do? Can I get cheap property in Katy? Nope. Houston real estate is booming. 2018 saw 30,146 new home starts, up 10% from 2017 (#2 behind Dallas). Multifamily was over 20,000 units, leading the country! Average existing home sales price hit a record in April...
by astrohip
Sun Jun 23, 2019 9:42 am
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 5642

Re: Do you Casino? What do you play? Have you won?

BoglePaul wrote:
Sun Jun 23, 2019 9:15 am
At a casino, I feel like the only thing I could win, is becoming a bigger gambler so I avoid them.
There is no doubt that not all people or personality types belong in a casino. No different than drinking.
by astrohip
Sun Jun 23, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 5642

Re: Do you Casino? What do you play? Have you won?

Another craps lover here! I like the social vibe of the table if things really get going, that’s where I get my entertainment value. Ditto! The excitement around a hot table, that community feel, all part of the fun. First time I took my wife to Vegas (circa 1982, and we're still married!), I taugh...
by astrohip
Sat Jun 22, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 5642

Re: Do you Casino? What do you play? Have you won?

Love to play craps. Played my first Vegas craps game when I was 21. And I've continued playing for 40+ years. I love the thrill of the table. You don't have to wager a lot to get that thrill. I was a math major, so yes, I understand the odds. Perfectly. That's part of the thrill. I don't gamble ofte...
by astrohip
Sun Jun 02, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: de-googling my life: Keep Notes alternatives
Replies: 46
Views: 6867

Re: de-googling my life: Keep Notes alternatives

I am a big fan of notes programs. I use them to keep track of financial and other information instead of little scraps of paper or notebooks that get lost and are not searchable. At home I use a notes program ( Infoselect ) that is deliberately not internet connected. For on the go, I started using...
by astrohip
Thu May 30, 2019 7:57 am
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

No, I asked if you got legal representation to ensure your opinion is correct for your specific case. Or were you just reading stuff on the internet. But assuming you know all the details you understand things like piercing the corporate veil, sham partnerships by family members, personal use of co...
by astrohip
Wed May 29, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

This is an LP, a Limited Partnership. The limited partners aren't responsible for the debts of the partnership. You have legal representation that told you this? So the answer to my question is no? Really, you want to pursue this line? I'm far more interested in getting feedback on my issue, than d...
by astrohip
Wed May 29, 2019 8:07 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

This is an LP, a Limited Partnership. The limited partners aren't responsible for the debts of the partnership. You have legal representation that told you this? IANAL, but it's generally known that limited partners aren't responsible for LP debts. https://www.investopedia.com/terms/l/limited-partn...
by astrohip
Wed May 29, 2019 7:45 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

Gill wrote:
Wed May 29, 2019 6:54 pm
All partners can be held jointly and severally personally liable for debts of the partnership. Dm200 pointed this out.
Gill
This is an LP, a Limited Partnership. The limited partners aren't responsible for the debts of the partnership.
by astrohip
Wed May 29, 2019 6:10 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

dm200 wrote:
Wed May 29, 2019 1:45 pm
Would having ownership in the name of the partnership make any of the partners less liable individually for potential lawsuits, etc.?
I'm hoping and thinking it would.
by astrohip
Wed May 29, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Re: Group Ownership of a Car (partnership)

A group of us did it way back when on a car and some condos in Colorado. We put all five names on the title for the car and the condo deeds. I used my SSN for taxes and some other stuff and put all five names when we filed. We had separate partnership papers to talk about percentage shares and sell...
by astrohip
Wed May 29, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1566

Group Ownership of a Car (partnership)

A group of us (8 extended family) own a vacation home, thru a partnership. We want to get a car to leave at the house, and no one wants it under their name, for obvious reasons. There are some things that are difficult to get under a partnership name (eg, Comcast), so one person does it, and gets re...
by astrohip
Thu May 23, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

The ending is the concluding narrative, in your terms the journey. The end is the destination. You are trying to make a distinction where there is none. You've both quoted me out of context, and misconstrued me. Let's make it simple: Both versions, the books and the TV show, will have the same conc...
by astrohip
Wed May 22, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 1194

Re: How does the charitable fund deduction work?

I'm in the process of setting up one at Fidelity. Thanks for all the info in this thread, great timing!
by astrohip
Wed May 22, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

Actually GRRM has said that his ending will be different. Not quite. Here is what he actually said, and this is a quote: “How will it all end? I hear people asking,” the scribe writes in a recent post on his blog. “The same ending as the show? Different? Well… yes. And no. And yes. And no. And yes....
by astrohip
Wed May 22, 2019 8:22 am
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

I'm a little surprised by the IMDB rankings. Not the general trend, but season 7 compared to 8. I thought the finale was terrible bordering on silly, but overall I'd say season 8 beats out season 7, which was just painful to watch. Rankings like that are mainly naysayers piling on. The reason you'r...
by astrohip
Wed May 22, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

Eight year thread bump! I've become a Game of Thrones fanatic, as have about 30 million others. Ended up reading the books, and have watched each episode as it airs. Superbly written series, great drama, plotting, action. And dragons! Who knew? I've read through several volumes of Terry Goodkind's ...
by astrohip
Tue May 21, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

. Daenerys's actions don't make sense, She's been on the verge of making rash, impulsive decisions since day one. She's had advisers to keep her in check. Combined with the loss of two of her children, plus Missandei and Ser Jorah, her actions were entirely predictable. She's wanted to burn cities ...
by astrohip
Tue May 21, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

I thought it was pretty good. I think a lot of that (the ratings) is people piling on.

Remember they had to follow GRRM's story, so the ending was HIS ending. And admittedly, it was tough to make palatable, he created a monster of a story line. Far too convoluted.

Nonetheless, I enjoyed it.
by astrohip
Wed May 08, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

I thought this past episode (S08E04) was terrible. If the next episode is as bad (I don't see how it could be better after what they have done) I am not sure I will even want to even finish the series. Kind of sad because this was my favorite show. At least now I will be motivated to read the books...
by astrohip
Wed May 08, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

I don't get the hype and probably never will. It's a phenomenally addictive show. Well written, superbly cast, with a great story. There's a reason it's now the #1 rated show on TV, which is amazing when you consider it's pay cable, not free. Over 30 million viewers a week. Paid viewers! No telling...
by astrohip
Mon May 06, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Anyone else looking forward to Game of Thrones?
Replies: 90
Views: 9318

Re: Anyone else looking forward to Game of Thrones?

Eight year thread bump!

I've become a Game of Thrones fanatic, as have about 30 million others. Ended up reading the books, and have watched each episode as it airs. Superbly written series, great drama, plotting, action. And dragons! Who knew?
by astrohip
Sun Apr 28, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: LED lightbulbs
Replies: 223
Views: 26302

Re: LED lightbulbs

1000bulbs.com is my go to for exotic lamps. For example, https://www.1000bulbs.com/category/3000k--medium-base-high-output-a-lamps/ I second 1000bulbs. Not only do they have a great selection, many (most?) of their bulbs have all the info listed--from the std like lumens & Kelvin, to the more obscu...
by astrohip
Wed Mar 06, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Which assets to move to a trust (cost basis related question)
Replies: 2
Views: 262

Re: Which assets to move to a trust (cost basis related question)

Thanks. In general, with the little bit of knowledge I've shared, what type of assets to transfer, or does it even matter?