HDTenEightyP/NetNews huggingface dataset:
From: tyrone@infinity.att.com (51233-Tyrone Shiu(HOC828)HRCP)
Subject: Real Estate Software
Organization: AT&T
Distribution: usa
Date: Tue, 10 Nov 1992 18:33:18 GMT
Keywords: real estate

Hi:

I am posting for a friend of mine.  She is in needed of information
regarding software for real estate agency, multiple-listing software, etc.
Any info/reviews regarding real estate business software are appreciated.
Thank You!

Please e-mail info to tyrone@cbnewsi.att.com
From: bd670@cleveland.Freenet.Edu (Russell I. Dyreng)
Newsgroups: misc.invest.real-estate
Subject: Re: My First Purchase
Date: 12 Nov 92 23:08:34 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


garyp@gvls2.gvl.unisys.com (Gary Palangian) writes:

>I sat down on Sunday with a mortgage dude and we did
>all the application stuff.  He is working on
>prequalifying me.  I haven't given him any money yet, but
>I did sign a bunch of papers that detailed closing costs,
>testified that what was on the application was true, and
>recognized that the mortgage note would be sold on the
>open market.

>Since then I have found that another mortgage company has
>a much better lock program (may save up to $1000).  Is it
>too late to switch?  I guess I'm asking, what do I need
>to look for in the stuff that I signed to find out if I
>am committed to this dude.

If you've talked to this other company and they are really 
offering something more to your advantage you have every right 
to go with them.  You may, however want to contact your original
"mortgage dude" and tell him that you  have looked around a bit 
and saw something that you like better.  This may incentivize 
him to lower his price or make some other concessions.  

If he doesn't think that it's in his best interests to do so, 
go apply to the company offering the better deal.  At this 
point in the game you're not married to the guy yet, just
engaged.  If you walk out on him at this point, he may act a
little bit hurt, but he'll get over it.

>Is there a norm for who pays what at closing.  Several
>folks have told me that the builder should pay for the
>title and the survey.  Is this accurate?

Usually, traditionally, the seller pays a number of the costs
incurred at closing.  (Acutally you pay them indirectly).  What
costs are paid by whom is something that is really open to the 
buyer and seller to determine between themselves.  Some sellers
pay everything, some nothing.  Usually it falls somewhere in 
between.  If the seller wants you to pay for everything at 
closing, he make some sort of consessions to you in terms of 
price or additional freebies (IMHO).

-- 
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,misc.consumers
From: kmh@leland.Stanford.EDU (khanhmy hoang)
Subject: Is condo developer responsible for under-crediting?
Organization: DSG, Stanford University, CA 94305, USA
Distribution: ba
Date: Fri, 6 Nov 92 22:17:24 GMT

	I bought a new condo in September and have just received my county tax
	bill. My first installment is supposed to also cover the months of July
	and August when I wasn't the owner of the unit. At closing, the title
	company credited me an amount to cover these 2 months for the developer.
	Unfortunately, the amount was based on a previous year's tax bill and
	was much lower than the actual tax I will have to pay for those 2
	months.

	I would like to know if the developer is required by law to make up the
	difference and if not how should this be best handled.

	Thank you for any information.
From: garyp@gvls2.gvl.unisys.com (Gary Palangian)
Newsgroups: misc.invest.real-estate
Subject: My First Purchase
Summary: Financing Questions
Keywords: Title, Points, Locks, Payments
Date: 10 Nov 92 15:38:50 GMT
Distribution: misc
Organization: Unisys Defense Systems, Great Valley Labs, Paoli, Pa

Hey Now Everyone,

I am going through the financial stuff of my first ever
home. I will be borrowing $130,000 via a 30 year fixed
mortgage.  Because of my income, I must keep the interest
rate down at 8%.  So I will pay down the loan to get to
8%.  But I have some questions:

I sat down on Sunday with a mortgage dude and we did
all the application stuff.  He is working on
prequalifying me.  I haven't given him any money yet, but
I did sign a bunch of papers that detailed closing costs,
testified that what was on the application was true, and
recognized that the mortgage note would be sold on the
open market.

Since then I have found that another mortgage company has
a much better lock program (may save up to $1000).  Is it
too late to switch?  I guess I'm asking, what do I need
to look for in the stuff that I signed to find out if I
am committed to this dude.

Is there a norm for who pays what at closing.  Several
folks have told me that the builder should pay for the
title and the survey.  Is this accurate?

Are there other things that I should be thinking about
right now?  Any help would be very much appreciated.

Gary

P.S. I live in Colorado, not PA.  My mail router is in PA.
Newsgroups: misc.invest.real-estate
From: macrakis@osf.org (Stavros Macrakis)
Subject: Re: Refinance with same lender
Organization: OSF Research Institute
Date: 13 Nov 92 12:22:31

In article <1992Nov13.010921.4702@meaddata.com> andyw@meaddata.com (Andy Welter) writes:

   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.

Not if he refinances elsewhere.

   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.

Sometimes it is worthwhile to give the original lender a chance to
beat the new company, since their actual costs are presumably lower.

   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?

Even after you threatened to refinance elsewhere?

	-s
Newsgroups: misc.invest.real-estate
From: iu@mpr.ca (Jose Iu)
Subject: Advise needed
Organization: MPR Teltech Ltd., Burnaby, B.C., Canada
Distribution: can
Date: Fri, 13 Nov 92 01:13:24 GMT


I just recently bought a house in Canada.  The completion date is
set at Oct 28 and the possession date set at Oct 30 with the house
being vacanted.  3/4 of the house is to be rented out after I
renovated it.

On Oct 30, the possession date, I took the day off from work. When
I arrived at the house, I was informed that the tenant
currently occupying the basement will not be moving until Oct 31,
as the tenant has paid rent up to and including that day.  The
tenant did move out by the evening on Oct 31.

I would like to request from the Vendor for compensation as a
result of this.  My request includes
  1 day of lost wage as I have to take another day off to work on the house
  2 days of lost property taxes
  2 days of lost mortgage interest

I have consulted my lawyer and was told that I can only request for
the lost property tax and perhaps 1 or 2 hours worth of lost wage.

I am not totally convinced that my request is limited to the items
specified by my lawyer.  So I am asking any of you newsreader on
your opinion of my situation and perhaps an advise or two.

Thanks.
From: gerryk@ulysses.East.Sun.COM (Gerry Krajenka)
Newsgroups: misc.invest.real-estate
Subject: income property - TO HIGH
Date: 5 Nov 92 21:53:45 GMT
Article-I.D.: seven-up.1dc55aINN5d0
Reply-To: gerryk@ulysses.East.Sun.COM
Distribution: world
Organization: Sun Microsystems
NNTP-Posting-Host: ulysses.east.sun.com

I agree with Paul on this count:

from Re: Real Estate News Summary, Part 126
> I think prices in many places could drop a long way before 
> their market value has a reasonable relationship to their income value.

I also see Banks in the North East holding on to house's (duplex's,etc)
at 80's prices I guess hoping not to loss their shirt.  There is one 
duplex that was listed for 169,000 in New Hamspire, then in one month 
it went to 123,000 and is now owned by the bank. This price is still to high,
because at best you could rent it for around 700 a month per-side.
That sounds good but property tax is 3,500 ayear, so you are looking at 
no return on your money for 15 years AND you still need to maintain the 
property.

Gerry


Gerry
Newsgroups: misc.invest.real-estate
From: glenn@hup.ucla.edu (Glenn Scott)
Subject: Neighbors grab property - easement? Rights (mine)?
Organization: UCLA Honors and Undergraduate Programs
Distribution: usa
Date: 7 Nov 92 22:40:09 PST

I purchased a house in Los Angeles County about two weeks ago and the 
neighbors on both sides seem to be engaging in some sort of land grab.

First, while I'm in escrow the guy on the left builds a fence up to an 
apparent property line; it appears that the previous owner of my house was 
maintaining a tree belonging to the neighbor so this fence effectively 
brings the tree back into his control.

Second, the neighbor on the right hires a surveyor as part of a remodeling 
project (the fact that he's tearing down and rebuilding was not disclosed 
by the seller, btw) and I come home to find stakes in my front and 
backyard, and orange paint everywhere: the stakes indicate a property line 
about three feet onto my front lawn (iow, I lose about three feet on that 
side of the house if this is correct).

From talking to the neighbors, I have learned that these houses have been 
configured this way for almost 40 years.  I realize I'm probably going to 
have to see a lawyer about this but what are my rights here?  What should I 
do?  Do I have some sort of prescriptive easement to this disputed property (
if indeed the survey is correct) even though I just moved in?  If the 
neighbors get that three feet, my front windows will literally look on their 
property (the street is curved), and I really don't want this to happen.  
Can I at least legally postpone their construction while this is sorted out?

(I've tried talking to these neighbors but they just say "these houses were 
built wrong.")

(Sorry in advance if this isn't the appropriate newsgroup)
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Newsgroups: misc.invest.real-estate
Subject: Re: Income Property (BOOKS)
Date: 5 Nov 92 16:03:08 GMT
Article-I.D.: lynx.nl_qm5f
Distribution: misc
Organization: University of New Mexico, Albuquerque

In article <AJG.92Nov4084612@sp1.ccd.harris.com> ajg@controls.ccd.harris.com (Arnold Goldberg) writes:
>
>For those of you who invest in positive cash-flow income properties,
>can you recommend some good books.

I found John Reed's book Managing apartments for maximum cash flow and resale
value to be the most useful.  Whenever I don't do what he suggests I end up
paying for it.

Paul
Newsgroups: misc.invest
From: mramesh@cbnewse.cb.att.com (m.ramesh)
Subject: Natures Pulse - software based on cycles
Organization: AT&T
Distribution: na
Date: Tue, 10 Nov 1992 17:07:16 GMT
Keywords: gann, elliott, wave theory



Hi Folks:

Last week I happened to revceive a demo of the Natures Pulse software($795)
which is based on Elliot Wave and Gann Cycles.  It looked impressive.  I
am wondering if anyone has any idea about this software.  The demo showed 
some xamples and it seems to work well.  But I am looking for more authentic
reviews.

Any commnet welcome.
From: as@sgi.com (Ashmeet Sidana)
Subject: Re: Surviving Clintonomics
Organization: Silicon Graphics, Inc.
Date: Wed, 11 Nov 1992 17:55:26 GMT

In article <2386@gandalf.intel.com>
chedley@carthago.intel.com (CHEDLEY_AOURIRI) writes:

    >I do'nt think he will. The FED (still under Greenspan for one more year)

I thought Greenspan was appointed till '94. Anybody know what the 
term is?

---Ashmeet Sidana
   as@sgi.com
From: rmandel@bu.edu (Richard Mandel)
Newsgroups: misc.invest
Subject: DEC
Date: 13 Nov 92 14:28:12 GMT
X-Newsreader: Tin 1.1 PL5

What do people think of the future prospects of DEC (Digital Equipment
Corporation)?  The stock is priced at a very low level based on such
criteria as market value to sales ratio, assets or book value per share, 
and financially they are in very good shape despite the hemmoragic loss
they have suffered in the past year.  The share price however has 
been stuck in the same trading range for over a year
now and shows no signs of moving.  Does anyone have opinions of its
future prospects?

Its new line of computers were announced and 
previewed the other day.  Can anyone offer an assessment of these
new machines?  Will they help in the turn around of the company.  Do
they fill a unique niche in the market?  Do they offer a price or 
computing advantage?  Will they in any way compete with the high end
personal computers?  Will their market share continue to erode?

						Rich


-------------------------------------------------------------------------------
Richard Mandel                      |      E-mail address: rmandel@acs.bu.edu
Department of Pathology             |            Phone No: 617-638-4512
Boston Univ. School of Medicine     |              Fax No: 617-638-4085
80 E. Concord St                    |
Boston, MA 02118                    |
-------------------------------------------------------------------------------

Newsgroups: misc.invest
From: rdetweil@boi.hp.com (Richard Detweiler)
Subject: Price Swing in TFONY ADR?
Date: Thu, 5 Nov 1992 19:12:55 GMT
Organization: Hewlett Packard - Boise Printer Division


Can anyone out there tell me what the story is with Telefonos de
Mexico ADR traded on NASDAQ the last couple of days?  Yesterday
afternoon it went up about 20% and then today it went down just
as much just as fast.  I noticed the TelMex issue trading on the
NYSE was down a little yesterday.  So why the wild price swing
on TFONY?

Dick Detweiler : rdetweil@hpdmd48.boi.hp.com
From: jbc@hpcuhe.cup.hp.com (Jeff Caldwell)
Newsgroups: misc.invest
Subject: Re: Where to invest a downpayment for a home..
Date: 5 Nov 92 03:07:45 GMT
Organization: Hewlett Packard, Cupertino

>I am looking for a safehaven for my downpayment that would give me a
>better return then would a savings account. Does anyone have any
>ideas? Suggestions? Period would be about 8 to 9 months.

For extreme safety, try a 6-month CD available at your local bank.

			-Jeff Caldwell
Newsgroups: misc.invest
From: schneid@uxa.cso.uiuc.edu (Mike Schneider)
Subject: How can you hear announcements immediately??
Organization: University of Illinois at Urbana
Date: Thu, 12 Nov 1992 02:44:00 GMT

I've been wondering what the fastest way to hear announcements is.
Suppose some company announces that earnings rose 50% in the 
first quarter.  How can I hear this right away?  Should I get
FNN on cable?  Listen to some radio station?  If I see it in
the paper like everybody else it's too late.  Also announcements
like So-and-So has downgraded Stock X from hold to buy or whatever.
Where does one hear these things quickly?

I know I can read some notesfiles to find out about things.
But when a note says "Company Y announced Tuesday that...."
I wonder...how did they announce this?  And to whom?  And how
can I get that info faster?  Any help would be appreciated!!!
-- 
!!! Mike Schneider *** schneid@jerry.stat.uiuc.edu !!!
!!!     Assistant Manager of Systems Services      !!!
!!!            Department of Statistics            !!!
!!!   University of Illinois at Urbana-Champaign   !!!
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Offset 401(k) Rollover Withholding
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: usa
Date: Thu, 12 Nov 1992 17:46:55 GMT


In article <1992Nov11.001442.10923@sequent.com>, bills@sequent.com (Bill Sears) writes:
>How about this.  If you know you are going to be getting shafted by the
>new rule, change your W-4 to claim MANY allowances (like 40 or something).
>This means that you will not have any (or much) federal taxes withheld.
>Put the money that you would ordinarily be paying as federal withholding
>into an interest bearing account, and when you have enough to cover the
>20% garbage, roll over your 401(k) replacing the 20% they withhold with
>the 20% that you've made.  Voila!!!  The government now has the money that
>you've been holding from them, and you have the full amount of your 401(k)
>in the new account.

Sounds great on paper until you fill in some real numbers.  You have
only 60 days to raise cash for that 20% withheld.  If you are on
monthly salary, you may not have enough time to go through two payrolls
in 60 days (e.g. you got the cash distribution a day after your
paycheck.)  If your cash distribution is moderate, like $25K, that will
be $5k.  Do you have that much tax withheld per month (or two?)

**Heavy Sarcasim ON***
Just follow our Honorable Congress Reps, write a check to cover the 20%
withholding.  Make sure your account is at the Capital Hill Spending
and Loans.
Newsgroups: misc.invest
From: cain@geomag.gly.fsu.edu (Joe Cain)
Newsgroups: misc.invest
Subject: Rocky Mt. Real estate
Date: 1 Nov 92 10:49:37 GMT
Distribution: usa
Organization: Florida State University Geology Dept.

A recent thread was related to real estate prices in California. Does
anyone have prognoses on the Rocky Mountain area? I have some rentals
there, including one ski condo, whose values seems to have bottomed out,
though higher priced duplexes in the Denver area still seem low. 

By bottomed out I refer to our Breckenridge ski condo whose equivalents were
selling for about $80K prior to the 1986 tax law, dropped to maybe $35
K, and are now back up to about $60 K. 

Joseph Cain		cain@geomag.gly.fsu.edu
cain@fsu.bitnet		scri::cain
Newsgroups: misc.invest
From: yhari@uncc.edu (Yog Hari)
Subject: Junk Bonds
Reply-To: yhari@uncc.edu
Organization: University of NC at Charlotte
Date: Mon, 9 Nov 1992 19:15:57 GMT

Are junk bonds highly interest rate sensitive, say as sensitive as the long bond?  
Are there any that are a good buy now?

Thanks in Advance....

Yog Hari	yhari@mosaic.uncc.edu	fax 704 553 8795

Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: Request for Info: Investing in 'deflationary'/'disinflationary' times
Date: Wed, 11 Nov 1992 17:32:43 GMT

New question:

Presuming that during the next 10 to 15 years the US and World 
economies enter a period of 'deflation'/'disinflation' what are
the best investments to hold.

Capital preservation would seem to be the primary goal during 
such times.

Real assets, by definition, will deflate in value or will at
least not inflate as rapidly per year (e.g. 4% inflation, followed
by 3%, 2%, 1% etc.). Thus one might want to avoid gold, realestate,
antiques, coins, etc. Comments?

Growth stock funds and the like might out perform the rest, 
particular small companyies with little or no debt. Comments?

Intermediate to long term bond funds would seem to be a good
buy. Interest rates would have to stay constant or decrease
relative to (dis)"inflation" in order to avoid a depressionary
cycle. NAV should be stable or increase (as coupon rates 
decrease). Comments?

Any thoughts on this scenario? Anyone?

barry


Newsgroups: misc.invest
From: nfc@cbnewsl.cb.att.com (norman.f.cheng)
Subject: Re: Wanted: 5 year stock price database
Organization: AT&T
Date: Thu, 12 Nov 1992 01:59:06 GMT

You can obtain free stock price from Business Center BBS at (619)482 8675.
Each non-paying member is allowed 20 min. of log-on time.
This information was posted by someone recently on this newsgroup.
Newsgroups: misc.invest
From: lott@bogner.informatik.uni-kl.de (Christopher Lott AGSE)
Subject: Re: Financial markets quoting services?
Organization: Universitaet Kaiserslautern FB Informatik
Date: Wed, 11 Nov 1992 15:07:50 GMT

In article <foo> james@engrs.unl.edu (James Nau) writes:
>In article <1992Nov6.110412.9686@uklirb.informatik.uni-kl.de> I write:
>>
>>    Copyright violation is the fundamental problem with creating a
>>    public database of stock information.
>
>Would this fall under the same category as the phone-book case?
>I thought two years or so ago that the courts said the information
>in a phone book couldn't be copyrighted.  But, I don't recall much

Here is what's behind my note.  A while back (year?) there was a discussion
about creating a public DB on the net that would hold stock info.  The
real problem is filling the DB.  Scanning prices from newsprint is apparently
not reliable, and anyhow those lists are copyrighted.  Data given out
by paid services are available for "one-time use" or some such restriction.
What restrictions does ClariNet place on its subscribers?  Surely there
are some.

A compiler of this sort of data can be tripped up extremely easily.  The
data provider need only seed their data with errors each day - a mistaken
closing price, wrong dividend (off by a penny?), bogus stock name, etc.,
and they can prove that you took their data.  Busted.

The only way appears to be to compile multiple sources, compare them against
each other, and thereby validate and combine the data.  It's not the info
that's copyrighted, but the list/compilation.   Build your own compilation
and you should be home-free.  But getting a full closing report for free
is apparently impossible.  

chris...
-- 
Christopher Lott    lott@informatik.uni-kl.de   +49 (631) 205-3334, -3331 Fax
Post: FB Informatik - Bau 57, Universitaet KL, W-6750 Kaiserslautern, Germany
From: breland@cobweb.mcc.com (Mark Breland)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 6 Nov 92 15:51:06 GMT
Article-I.D.: mcc.1992Nov6.155106.16316
Organization: MCC

In article <1992Nov5.162109.22057@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>From article <prspool.720888204@terra>, by prspool@siemens.com. (Peter Spool):
>
>> Do NOT, under any circumstances, accept a check made out to you, for the 401(k)
>> funds.  If you accept a check to you, the following "CATCH-22" situation will arise:
>> 
>> (1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>>     and these will be removed BEFORE the check is written.
>
>This is hogwash. Ignore it. All you have to do is ASK that they not withhold.

Yep, I agree.  I just received my distribution check (yeah, yeah I cashed in,
but now I'm debt free) and they only withheld 8.5% even though I specifically
requested that they *do* apply withholding.  My assumption was that they would
withhold at least 20% in taxes *plus* an additional 10% for the penalty, totaling
30%.  Not so, and I can't get a straight answer from my former company or the
401k holding company as to why.


Mark A. Breland
breland@mcc.com  "...speaking only for myself, no others and vice versa etc..."
Newsgroups: misc.invest
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 05 Nov 92 22:32:06 CST
Organization: Garys' Home for Obsolete Computers

adwright@iastate.edu () writes:

> In <1992Nov4.180820.6297@ferrari.nmc.ed.ray.com> smiles@NMC.ED.RAY.COM (Kevin
> 
> >And as an aside, what's the difference between an ounce and a troy ounce,
> >and when it the latter used?
> 
> If i remember correctly troy ounces are for weighing gold and silver and weig
> less than a regular ounce.

Nope; a "regular" (avoirdupois) ounce is 28.35 grams; a troy ounce
is about 31.1. A troy pound is 12 troy ounces, or 373.3 grams, whereas
one pound advp. is 453.6 grams.

Troy ounces are generally used for measuring precious metals, or 
wherever else it's needed to confuse things....  :-)

Gary Heston, at home....
gary@cdthq.uuc
Newsgroups: misc.invest