HDTenEightyP/NetNews huggingface dataset:
From: "steve hartwell" <steve.hartwell@canrem.com>
Subject: what is allowed here?
Reply-To: "steve hartwell" <steve.hartwell@canrem.com>
Organization: Canada Remote Systems
Distribution: misc
Date: 5 Nov 92 17:21:14 EST



 Hello All - and powers that govern:

 I would like to learn what is allowed here in the way of advertising
 anything for sale or trade.

 - Does it have to be one's own possession, or can it be commercial ?

 - Can there be UUENCODED GIF's sent by Email thru here ?

 - If so, would/should there be a size limit on # of messages per GIF?

 - Would there be sufficient interest for Email GIF's ?

 - Or is there sufficient interest in access to downloading GIF's ?

 Many thanks for your responses of enlightenment.

 Please reply, including where you saw this message,

 steve.hartwell@canrem.com  <in Toronto, Ontario, Canada>



---
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Canada Remote Systems  - Toronto, Ontario
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Newsgroups: misc.invest.real-estate
From: andyw@meaddata.com (Andy Welter)
Subject: Re: Refinance with same lender
Organization: Mead Data Central, Dayton OH
Date: Fri, 13 Nov 1992 01:09:21 GMT
Reply-To: andyw@meaddata.com

In article 92Nov6115109@lakatos.osf.org, macrakis@osf.org (Stavros Macrakis) writes:
>In article <1992Nov4.182956.2919@brt.com> mike@brt.com (Mike Kirkish) writes:
>
>   I realize that a mortgage company has every financial incentive to
>   discourage their customers from refinancing when rates are low....
>
>I do not believe this is correct.  Almost all mortgage companies (and
                                     ^^^^^^^^^^^^^^^^^
Don't know about this, the company I am refinancing with has not resold
any of their morgages in the past several years (as shown by their 
transfer disclosure documents.)

>banks for that matter) resell the mortgage on the secondary market.
>They make their profit by a commission up front, and don't care about
                 ^^^^^^^
if a morgage rate is below prevailing rates, who would buy the morgage 
at face value?  Even if a morgage company was fully intending to resell
a morgage 1 minute after the deal was closed, it is very much in their
interest to have a higher interest rate... the higher the rate, the
higher the value of the loan is when they resell it.  (just like with bonds)

>the long-term future of interest rates.  Touting low interest rates is
>one way of increasing business.  Clearly more people will want to
>refinance when the interest is comparatively lower than their current
>rate than when it is comparatively higher.  Of course, if a lender
>promises you a lock and then they screw up and can't get it honored
>from their sources of money, then naturally they will want to get out
>of the deal.
               ^^^^^^^^^^^
The source of money in this case is the bank itself... They aren't taking
on a new loan, just changing the paperwork for an existing one.  If 
they don't accept Mike's refinancing, they still have the loan on the 
books.

When I refinanced my loan recently, my old morgage company wouldn't give me
any breaks on closing costs or anything... was a real pain.  I ended up getting
a better rate and much lower closing costs by going to a new company.

Funny... when I first bought my home, the bank I went with was much more
accomodating than when I tried to refinance.  Anyone else have similar
experiences?

---
|Andrew Welter	     |  All views are mine and not |      (513) 865-6822   
|Mead Data Central   |    that of my employer      |      pd&o-ps-ts-dsp       
|P.O. Box 933        |                             |     andyw@meaddata.com
|Dayton, Ohio  45401 |          	           | ...!uunet!meaddata!andyw
From: joseo@hpcss01.cup.hp.com (Jose Oseguera)
Newsgroups: misc.invest.real-estate
Subject: Re: Neighbors grab property - easement? Rights (mine)?
Date: 9 Nov 92 17:14:29 GMT
Organization: Hewlett Packard, Cupertino

I would suggest you get a map of YOUR lot, figure out the dimensions and
check them against YOUR lot (physically) and determine if you are short
or whether you have extra footage.  Also, is it coincidence that your
neighbor is starting to build now? (probably hardt to prove)

Also, you should talk to the real estate agent because you bought the house
according/assuming that you were getting what you saw.  If those facts were
not disclosed by the real estate agent I am almost positive that you have
recourse and can sue the real estate company/title company.  You should
also probably consult with a lawyer, especially to hold the construction
until the mess gets straightnen out and because the neighbor might have lost
his claim for those three feet (if in fact they belong to him) due to the
number of years that the previous owner of your house used the property
in a form that was "open and notorious". Something like establishing a 
homestead by simply using the property for X number of years.

Good Luck and act ASAP

Jose Oseguera
Hewlett-Packard, Co.
Santa Clara, CA
Newsgroups: misc.invest.real-estate
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Subject: Ceramic tile wall repairs
Date: Wed, 11 Nov 92 22:51:41 GMT
Organization: University of New Mexico, Albuquerque

I am now the proud owner of not one, but TWO, ceramic tile bathrooms where
water has gotten behind the tile and the wallboard has failed.  One of them 
we had repaired two years ago by removing tiles in the failed area, cleaning
them up (can't match the pattern), putting in new green board, and reattaching
them with thin set and grouting.  That was not a process I would care to
repeat every two years :)  

I just checked and I can buy a 5' by 6' piece of cultured marble for $250.  It
occurs to me that while that seems outrageous, if all I have to do is lift it
into place, glue it to the old wall and caulk the edges I am probably $ ahead.

I am aware of the plastic enclosures that Homebase/Builders square sell for 
125-150 and think they look to cheap for the circumstances.  

Anyone got any better ideas?
Paul
From: bob@comlab.gatech.edu (Bob Baggerman)
Newsgroups: misc.invest.real-estate
Subject: Re: Ceramic tile wall repairs
Date: 12 Nov 92 21:23:32 GMT
Organization: Georgia Institute of Technology

Paul Krause writes:
>I am now the proud owner of not one, but TWO, ceramic tile bathrooms where
>water has gotten behind the tile and the wallboard has failed.  One of them 
>we had repaired two years ago by removing tiles in the failed area, cleaning
>them up (can't match the pattern), putting in new green board, and reattaching
>them with thin set and grouting.  That was not a process I would care to
>repeat every two years :)  

At the risk of turning this into "misc.invest.home-handy-man" the system I
prefer is Wonder Board with tiles set in thin set mortar with a latex 
addative.  Wonder Board is basically a cement board instead of sheet rock.
It can get wet without deteriorating.  Same with thin set with the latex
addative.

I don't have a tub but rather the shower walls go right to the floor pan.
And two shower heads with individual controls but that's a whole other 
story. 8-) The bozo that built it (before I bought the house) used just plan 
ol' sheet rock all the way to the floor, not even green board.  The leaking
caused everything to rot.  The wall studs, the floor, the subfloor, the 
floor jousts.  I had to rip them all out and replace them.  A major pain
in the a**.  After that I decided I wanted to never have to deal with with
loose tiles and rotten walls again, hence the commercial quality materials
and techniques.  I *might* use green board if the wall only went down to
a tub.  Still, I'm a big believer in the cement wall board.

And just to add something relevent along the lines of the charter this
news group...  I asked our real estate agent if the fact that we have
two bath rooms in the house but no tub would hurt our resale value.  She
didn't seem to think so.  She said a worse scenario is having bath tubs but
no shower at all.

Bob
--
Bob Baggerman                         !  bob.baggerman@gtri.gatech.edu
Communications Laboratory             !  bob@comlab.gatech.edu
Georgia Tech Research Institute       !  qseclrb@prism.gatech.edu
Atlanta, GA  30332  USA               !  404-894-3525
Newsgroups: misc.invest.real-estate
From: macrakis@osf.org (Stavros Macrakis)
Subject: Re: Refinance with same lender
Organization: OSF Research Institute
Date: 6 Nov 92 11:51:09

In article <1992Nov4.182956.2919@brt.com> mike@brt.com (Mike Kirkish) writes:

   I realize that a mortgage company has every financial incentive to
   discourage their customers from refinancing when rates are low....

I do not believe this is correct.  Almost all mortgage companies (and
banks for that matter) resell the mortgage on the secondary market.
They make their profit by a commission up front, and don't care about
the long-term future of interest rates.  Touting low interest rates is
one way of increasing business.  Clearly more people will want to
refinance when the interest is comparatively lower than their current
rate than when it is comparatively higher.  Of course, if a lender
promises you a lock and then they screw up and can't get it honored
from their sources of money, then naturally they will want to get out
of the deal.

	-s
Newsgroups: misc.invest.real-estate
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: Rent to own
Organization: Harris Controls and Compositions
Date: Mon, 9 Nov 1992 17:36:27 GMT

>>>>> On 9 Nov 92 14:16:41 GMT, jim@ (Jim Fare) said:

Jim> My mother is becoming self employed and wants to buy a house.  Unfortunately,
Jim> No banks will even consider her application until she has self employment
Jim> records for 2 years.  Do companies exist that will buy a house for you and
Jim> rent it back to you for a couple years?  How would you find such a firm?

I don't know of any companies that exist, but why doesn't she go talk
to some of the people selling houses and ask if they will do a lease-option
agreement.




--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Controls
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
From: asylvain@felix.filenet.com (The_Chipmunk)
Newsgroups: misc.invest.real-estate
Subject: Re: Clinton/Real Estate/Interest Rates
Date: 13 Nov 92 19:38:29 GMT
            <1992Nov10.224637.23295@etnibsd.uucp>
            <1992Nov11.185446.23881@donner.SanDiego.NCR.COM>
Reply-To: asylvain@fritz.filenet.com (The_Chipmunk)
Distribution: usa
Organization: Foundation for the Increased Wealth of Chipmunks

Written in article <1992Nov11.185446.23881@donner.SanDiego.NCR.COM>
 by davel@booboo.SanDiego.NCR.COM (David Lord):

: In article <1992Nov10.224637.23295@etnibsd.uucp> vsh@etnibsd.uucp (Steve 
:    Harris) writes:
:
:> My prediction: look for mortgage rates to level off between 9 and 10%
:
: Oh boy! Prediction time. Somebody should be keeping track of these.

The world will end next week.  Go and prepare thyself!

-- 
The Chipmunk.
Opinions are mine, void where prohibited, taxed, licensed or regulated.
People often find it easier to be a result of the past than a cause of
the future.
Newsgroups: misc.invest.real-estate
From: vsh@etnibsd.uucp (Steve Harris)
Subject: Re: Clinton/Real Estate/Interest Rates
Organization: Eaton Corp, Semiconductor Equipment Div., Beverly, MA
Distribution: usa
Date: Tue, 10 Nov 1992 22:46:37 GMT

In article <LARRY.92Nov5125609@boris.webo.dg.com> larry@boris.webo.dg.com (Larry Rogers) writes:
>
>
>Anyway, I have a convertible mortgage which is 2.89% + TBill rate.
>Current Calculation, about 6%.  I can convert to 8.875% if I want or
>stay with the variable rate.  The difference is about $300. a month,
>but Clinton has got me and the bond market running scared.  What do
>you all think I should do?
>

I just locked my 15 year refinance at 7.5% with 2.5 pts.  APR ~= 8.0.

Shop around.  The train is pulling out, but hasn't left the station yet.

re: Clinton: (IMHO) It will be impossible for him to prevent at least
some increase in the inflation rate, if only on expectations that, as
a Democrat with a Democrat congress, there will be increased govt.
pump priming.

I'm optimistic that he will be able to restrain most of the pent-up pet
projects waiting to slip into various appropriations bills.  He has the
reputation of being very good at the give-and-take of political wheeling
and dealing.

My prediction: look for mortgage rates to level off between 9 and 10%

-- 
... Steve Harris - Eaton Corp. - Beverly, MA - vsh%etnibsd@uunet.uu.net
From: bd670@cleveland.Freenet.Edu (Russell I. Dyreng)
Newsgroups: misc.invest.real-estate
Subject: Re: Refinance with same lender
Date: 9 Nov 1992 19:57:20 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


macrakis@osf.org (Stavros Macrakis) writes:
>In article <1992Nov4.182956.2919@brt.com> mike@brt.com 
>(Mike Kirkish) writes:
>
>   I realize that a mortgage company has every financial 
>   incentive to discourage their customers from refinancing when 
>   rates are low....
>
>I do not believe this is correct.  Almost all mortgage companies 
>(and banks for that matter) resell the mortgage on the secondary 
>market.  They make their profit by a commission up front, and 
>don't care about the long-term future of interest rates.  
>Touting low interest rates is one way of increasing business.  
>Clearly more people will want to refinance when the interest 
>is comparatively lower than their current rate than when it is 
>comparatively higher.  Of course, if a lender promises you a 
>lock and then they screw up and can't get it honored from their 
>sources of money, then naturally they will want to get out of 
>the deal.
>
>        -s

I agree with what is being said here.  A mortgage company makes 
money primarily on the origination fees and on the money paid by
investors who buy up the loans.  They have little direct 
interest in the long term interest rate, since this is money 
that is going to be collected by someone else.

But this raises a question in my mind about the interest rate 
and the sales price.  Does a higher interest rate normally mean 
that the mortgage company can resell at the note at a higher 
price to its investors?  Isn't this one of the factors that 
causes some of the fluctuations in the sales price of bonds?

-- 
Russ
bd670@cleveland.freenet.edu
Remember-any advice that I give you may be worth exactly what
you paid for it.
Newsgroups: misc.invest.real-estate
From: mikeb@pandora.dell.com (Michael Brundridge)
Subject: Re: FHA Loan Assumptions
Keywords: FHA, assumable loans
Organization: Dell Computer Co
Distribution: na
Date: Tue, 10 Nov 1992 00:39:18 GMT

ebl@cbnewse.cb.att.com (ernest.b.lucineo..iv) writes:

>If you have an 30 yr FHA ARM and someone assumes that loan,
>can you still apply for another FHA loan? I ask the question
>because I have been told that you can only have 1 FHA loan.


>        Ernest

Ernest,

I am not a real estate expert.  However, I just went through this with
someone trying to purchase my house. 

The only way you might have a problem is if the loan you are allowing
to be assumed is NON-QUALIFING.  

If the loan is Qualifying Assumable then at closing you will need to 
have the title company request a RELEASE OF LIABILITY from your lender 
on that mortgage.  Once you have this piece of paper you are clear and 
free from the title on the first mortgage. It is just like it was sold
on a new mortgage, and you may go and get a new loan without worrying
about that mortgage.

If it is a NON-QUALIFYING ASSUMPTION, that is a different matter.  
Then you fall under the new policy which states you can not hold 
TWO FHA loans if they are HIGH RATIO loans.  This means you must 
have at least 25% equity in one of the mortgage before you can 
qualify on the second FHA mortgage.

Michael

--
Michael Brundridge         |      Dell Computer Corp         |   STANDARD
mikeb@pandora.dell.com     |      1807 W. Braker Ln          |   DISCLAIMER
Associate Engineer         |      Building C                 |   APPLIES
Novell CNE                 |      Austin, Tx 78758           |
From: jim@ (Jim Fare)
Newsgroups: misc.invest.real-estate
Subject: Rent to own
Date: 9 Nov 92 14:16:41 GMT
Organization: NCR Canada Ltd., Waterloo, Ont.

My mother is becoming self employed and wants to buy a house.  Unfortunately,
No banks will even consider her application until she has self employment
records for 2 years.  Do companies exist that will buy a house for you and
rent it back to you for a couple years?  How would you find such a firm?

                                                [J.F.]


Newsgroups: misc.invest.real-estate
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: Real Estate Legal Advice Requested
Organization: Harris Controls and Compositions
Distribution: usa
Date: Thu, 5 Nov 1992 13:40:42 GMT

>>>>> On Tue, 3 Nov 1992 14:28:12 GMT, akachhy@cbnewsl.cb.att.com (avinash.kachhy) said:

avinash> I sold my house and I am regretting it now.

avinash> I feel that I got talked into listing and selling it at a lower than market
avinash> price and as a result am losing about 10K. 

avinash> On top of it my lawyer extended their date to get loan commitment by a month
avinash> without asking me. And they got the commitment. Could I have gotten out of
avinash> the contract at that point?

If they did not close by the specified time written on the contract, and
somewhere on there it states that "time is of the essence" or something
to that effect, then the contract becomes null and void after that time, unless
you sign something altering that date.

You definitely have a valid gripe against your lawyer who doesn't have the
power to change anything on the contract, unless you gave him power of 
attorney or he forged your signature.

Proving that you got conned by your realtor would be a little harder to prove.

Good luck, and consult a real attorney


arnold

--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Controls
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
From: tgorb@rrc.chevron.com (Joe Gorberg)
Newsgroups: misc.invest.real-estate
Subject: Re: Control of escrow accounts
Date: 5 Nov 92 16:09:55 GMT
Reply-To: tgorb@rrc.chevron.com
Organization: Chevron, Richmond, California

In article 1498@ncrclm.ClemsonSC.NCR.COM, lsnow@ncrclm.ClemsonSC.NCR.COM (Linda Snow) writes:
>During one of the many discussions of  home financing and re-financing,
>I believe a couple of people mentioned they did not pay their taxes
>and insurance through the usual escrow accounts.  How is this done?
>Don't the lending institutions require it?  Or is this something you have
>to ask for and qualify for?  I would be interested in choosing this option,
>if possible, when I re-finance.
>
>Thanks for any info.


I believe the lenders loan-to-value ratio maximum is 80% to avoid paying taxes
and PMI via an escrow account.  If the 1st mortgage is above 80% the lender
will require an escrow account.  Alternatively, you can get by this limit if
for example, 1st mortgage = 75% loan, 10% down payment, and 15% 2nd mortgage
from seller.  Therefore, the primary lender only has 75% loan-to-value and
an escrow account should not be necessary.

I'm not a real estate pro., just comments from what some lenders have told me.

Joe.

Newsgroups: misc.invest.real-estate
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Subject: Re: Real Estate Software
Date: Thu, 05 Nov 92 16:14:26 GMT
Organization: University of New Mexico, Albuquerque
Distribution: na
Keywords: PC Real Estate Software

In article <Bx7r43.G4K@accelr8.com> cdc@accelr8.com (Chris Chapin) writes:
>I have recently purchased my first investment property, and although I am 
      deleted
>buying another course.  I would like something that will help me thorough the 
>entire process of evaluating the property, regarding fix-up costs etc. I would 
>also like to have the ability to do rent rolls, rental agreements, sales 
>contracts etc.  I'm sure this is probably asking for the impossible, but it 
>never hurts to ask.  If anyone knows of a package that might help I would 

I am not sure one package for everything is the best way to go.  I am real
happy with keeping documents etc. in my word processor and keeping track of
the numbers with quicken.  That is cheap and does the job reasonably well.
Other posters have indicated that Managing Your Money (?) will work as 
well or better? than quicken.
Paul

Newsgroups: misc.invest.real-estate
From: df2tg2n@ties.bell-atl.com (Steve Rosen)
Subject: Question on mortgage committment
Reply-To: df2tg2n@shoes.bell-atl.com
Organization: Bell Atlantic - Phila, PA
Date: Mon, 9 Nov 1992 21:36:02 GMT

The following is a hypothetical question.  I am currently in the process
of applying for a mortgage and I am awaiting a committment from the lender.

The question is, once I have the committment from the mortgage company and
I am awaiting the closing date, are their any circumstances (generally
speaking) under which they can cancel the committment and the loan?  What
is legal for them to do/what is not legal?

Assume that I have given them all required items such as proof of
insurance, accurate account statements, paystubs, etc. (i.e., not
negligence on my part or related party's part).  What if I am layed from my
job, or I am seriously injuried in an accident, somehow lose a big chunk of
my savings (yet still have enough to meet down payment and closing costs)? 

I am basically asking for a detailed explaination of what "committment"
means, this is not 100% clear to me...


-- 
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
             Steve Rosen / Consultant @ Bell Atlantic, Phila, PA
               {Voice}: (215) 466-2061, {FAX}: (215) 563-0517
                     E-Mail: steve.rosen@bell-atl.com

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Newsgroups: misc.invest.real-estate
From: larry@boris.webo.dg.com (Larry Rogers)
Subject: Clinton/Real Estate/Interest Rates
Date: 5 Nov 92 12:56:09
Distribution: usa
Organization: Data General, Westboro, Mass.


So what are all your opinions on interest rates now that we have
placed a Democrat in office?  Will this help/hinder the economy?  Will
interest rates skyrocket, or just level off after their recent
incline?

Is Clinton going to help this market or are his policies going to kill
it?  I live in the Northeast, where the market has been relatively
stagnant or declining.  Higher interest rates, I think, will choke
real estate unless investment incentives accompany the increases.

Anyway, I have a convertible mortgage which is 2.89% + TBill rate.
Current Calculation, about 6%.  I can convert to 8.875% if I want or
stay with the variable rate.  The difference is about $300. a month,
but Clinton has got me and the bond market running scared.  What do
you all think I should do?

Thanx for any input.

Larry

--
    @@               Larry Rogers               *
   @@@               Larry_Rogers@dg.com        *   Big Brother
   @@@ &&&           larry@boris.webo.dg.com    *   is Watching
    @@ &&            Data General  508-870-8441 * 

The opinions contained herein are my own, and do not reflect the
opinions of Data General or anyone else, but they should.

"Sometimes we are the windshield, sometimes we are the bug"
   Dire Straits
Newsgroups: misc.invest.real-estate