Bestsolutionsfl

New Government Policy: Tax Credit as Mortgage Down Payment

BASILOVECCHIO says
BUY......XLF
BUY......XHB

The FEDS will be spending TRILLIONS to make them go

.......UP and UP

And you have not heard it all yet.

You heard...$700 Billion....TARP
You heard....$787 Billion...Stimulus
But the TV channels,News coverage forgot to mention
the TRILLIONS,yes,TRILLIONS
FHA will GUARANTEE in HOME LOANS
THAT THE BORROWER does not,
does not,does not have to pay back.
Do I have your attention??
(u can verify by google-"HECM Economic Recovery")
I am a real estate broker (20 yrs)
READ MY AD:

Seniors BUY a home anywhere in the USA
PUT 50% down and have no mortgage payment
NONE for the rest of your live.
LIVE THERE,MAINTAIN IT and the house you own will pay
itself off-GUARANTEED BY THE FHA!

that one for for anyone anywhere in USA that wishes to purchase
a primary residence for up to $650,000..
NOW for the "You think you heard it all"

AD:
SENIORS,own your primary residence?
Get a....
.........SECOND HOME (Ski Resort in Aspen)
(Ocean front villa,CA or FL)
.........Income producing (duplex)
........Free and Clear home for your children and grandchildren

NO MONEY REQUIRED AND NO PAYMENTS REQUIRED.
FHA WILL GIVE YOU 50% OF YOUR ILLIQUID
DORMANT HOME EQUITY so the second property
is paid-in-full...
ANY QUESTIONS??
bestsolutions at aol dot com
P.S.
I know I must be doing something right
MY SCORE -66
Thats a minus 66

On 'Rock Bottom' Housing Prices

As per CHRISTMAS IN MAY: and your article.
Before I get into details I would suggest you heed the words of past
advicers,"YOU DO NOT FIGHT THE FEDS"
BUY
BUY
BUY.......".XHB"
GO LONG..." XHB"
BUY CALLS JAN 2010......"XHB"
The FEDS are spending TRILLIONS to make it go UP,UP!

PLAN ONE
CREATE NEW BUYERS FOR HOUSES.
It is working,now the $8000 CREDIT has shown an increase in buyers NOW THEY ARE GOING TO CREATE EVEN MORE by allowing NEW HOME BUYERS (a person that has not been a home owner for the last three years) to use thjis taxpayer gift as a down payment...WITH THE SAME THEORY THAT CREAMED US IN THE FIRST PLACE....I.E. NO PAY BACK!!!!
PLAN TWO:
Less than 1/2 of 1% of the American people are aware that FHA and HUD have a program that ALLOWS SENIOR CITIZENS TO PURCHASE PROPERTY BY PUTTING HALF DOWN AND HAVE NO MORTGAGE PAYMENTS!!
Even the builders are sleeping because they can actually RAISE prices and still SELL when they wake up and discover
that:
(A) Seniors that own their own primary residence can get a second home DEEDED FREE AND CLEAR valued at half the value of their paid for primary residence.Get a ski chalet,or give their grandkids a FREE home to live in and even get money from it to pay off bills by getting a home equity loan!FHA will give up to $312,500
with no payments.
(B) Seniors that wish to purchase a primary residence ANYWHERE IN THE USA need only put half down and have NO MORTGAGE PAYMENT-FHA guarantee up to 1/2 of $625,000.
BUT YOU MUST BE 62 or older and live in it.For full details email request.(verify Google "HECM to purchase")
Carmen Basilovecchio, "BASILOVECCHIO"
Real Estate BROKER request via email
bestsolutionsfl at aol dot com


WOW...
But with concern.!!
They will probable finalize it with
"buyer must still show out of pocket seasoned funds of 3.25%"
WHY?
Because there is still too much hate and vengence because of the "greed" that has got us into the financial mess that is based on home mortgages.
I hear the cries in my sleep "They are going to do it again"
Give the money this time to the people who get us into a new mess "they can not afford""Yes,use our tax dollars this time to fuel the sellers and builders and lenders greed."

WE MUST: REPAIR,REFORM,and RESTORE.

We simple must get off the idea that we should only help "the Good" people and leave the "reckless ones to their own ends.Whether th foreclosed house next to me was owned by a "good" guy or a " reckless" flipper doesn't matter...my home value is destroyed either way.
We simply have to set aside moral judgements and fix the problem.
"THE EVERYBODY WINS PLAN" could do that .A business plan that create not only NO cost to the taxpayer but it creates a profit.
Based on the solution of the 1930's.
A LOWER RATE OF INTEREST WITH A LONGER TERM PAYBACK!

Please request a free copy via email Complete and full details.:
bestsolutionsfl at aol dot com
CHALLENGE THE INFORMATION OR ENDORSE IT
BESTSOLUTIONSFL

A Christmas Present for U.S. Consumers in May

BASILOVECCHIO SAYS:
How about a roll back to 2001-2002 but this time THE MONEY FOR THE DOWNPAYMENT THAT COULD START THE CYCLE OF GREED all over again IS COMING FROM THE TAXPAYERS>****

HUD TO ANNOUNCE $8000 CREDIT CAN BE USED FOR DOWN PAYMENT
(verify via Google) Carmen Basilovecchio, "BASILOVECCHIO" Contributions: 1
close Carmen Basilovecchio, "BASILOVECCHIO"
Real Estate Agent

Contributions: 1
Disc :1View full profile
WOW...
But will concern.!!
They will probable finalize it with
"buyer must still show out of pocket seasoned funds of 3.25%"
WHY?
Because there is still too much hate and vengence because of the "greed" that has got us into the financial mess that is based on home mortgages.
I hear the cries in my sleep "They are going to do it again"
Give the money this time to the people who get us into a new mess "they can not afford""Yes,use our tax dollars this time to fuel the sellers and builders and lenders greed."
WE MUST: REPAIR,REFORM,and RESTORE.
We simple must get off the idea that we should only help "the Good" people and leave the "reckless ones to their own ends.Whether th foreclosed house next to me was owned by a "good" guy or a " reckless" flipper doesn't matter...my home value is destroyed either way.
We simply have to set aside moral judgements and fix the problem.
"THE EVERYBODY WINS PLAN" could do that .A business plan that create not only NO cost to the taxpayer but it creates a profit.
Based on the solution of the 1930's.
A LOWER RATE OF INTEREST WITH A LONGER TERM PAYBACK!

Please request a free copy via email Complete and full details.:
bestsolutionsfl at aol dot com
CHALLENGE THE INFORMATION OR ENDORSE IT
BESTSOLUTIONSFL

Fannie and Freddie Will Continue to Be Rescued by Taxpayers

BASILOVECCHIO says,
I have a solution,it is simpler and it is a business plan
that would result in a social good and make a PROFIT
for the taxpayers.
Of course since all of that would SEEM too good to be true,
the plan is ignored.
I am a 72 yr old REAL ESTATE BROKER.NOT a mtg broker,not a PHD in math.a college dropout with 20 years in the RE business.
Freddie and Fannie could turn this around WITH NO TAXPAYERS MONEY and make a profit.
PLEASE POST ,CHALLENGE,REDICULE MY PLAN.
IF IT IS NOT SO.Just prove it does not work.
***********$100 reward *********
to the charity of your choice,to the first that proves that the solution to any subprime,defaulting or soon to be defaulting loan could not be an affordable,low rate ,longer term loan.(It worked in the 1930's,
Mtg was 5 yrs someone thought of something unbelievable-the 25 Yr Mtg)

Based upon the articles the projected loss for the loans is 110.3 billion BASED on Fair Market Value.That loss can be covered and return a $150 billion profit (If it is a $3 trillion problem)And all within the next ten years by the simple "EVERYBODY WINS PLAN"
MODIFY ALL LOANS AT 110% of Fair Market Value
This will eliminate the losses.
New Loan be EXTREMELY AFFORDABLE so all will pay.
A ten year loan that pays Prin and interest (120 payments ) with payment number 121 being a new mtg to pay off the balance and give the taxpayers a profit.
85% of defaulting homeowners want to stay in their home.The other 15% will have at least 3,or 4 people in line to accept the new loan because it is so affordable.
"THE "EVERYBODY WINS PLAN"
NEW LOAN : TERMS
120 payments (10 years) consisting of :
(A).....15% of Prin
(B).....100% of Int
with payment number 121 being the balance paid in full
by a new 30 year mortgage for the amount owed minus just 10 %
of prin (allows for 5% profit)
TAKE AWAY ALL THE SMOKE AND MIRRORS
TAKE AWAY ALL THE FAULT AND BLAME
SOLVE THE PROBLEM FIRST.
Example of $100,000 new loan
Payments would be If rate same as 10 yr tres @ 3%
Payments would be $375 per month!
120 months equals $15,000 Prin.
$30,000 Int.
Payment number 121 would be a new mortgage
for $90,000 for 30 yrs fixed rate.
What lender would not kill for a mtg from a creditor that has a ten yr track record and 10% down on a loan to value of 90%
or less (Home could have a $120,000 value 10 yrs from now)
Details available for the asking,request by email
bestsolutionsfl at aol dot com

Why would anyone want to make housing affordable and at the same time end the housing crisis?It's just too good to be true.
And are you ready for the craziest part?
FHA has a plan in effect that GUARANTEES TRILLION,yes,TRILLIONS of dollars of loans
based on the ASSET VALUE of the homes and not
the BORROWER!
google "HECM"
loans guaranteed paid by FHA ...period!

You guys have thousands of followers,please publish,
prove or disprove.

Real Estate: Now Is the Time to Buy Right and Buy Smart

Oops.
Last sentence should read:
The words real estate investment should not be allowed
without using the words income producing.

Real Estate: Now Is the Time to Buy Right and Buy Smart

This dialog is great.Keep at it.Some really good points.
I am a real estate broker (20) years.
I believe real estate is a VERY POOR INVESTMENT
if it does not produce income.It is a WONDERFUL
FULFILLMENT OF A BASIC HUMAN NEED,SHELTER.

The "PHANTOM PROFITS" for a home owner over time are JUST THAT-Phantom!

EXAMPLE:

A young couple PURCHASE a home for $100,000.
Live in it ,maintain it for 18 years and life is good to them
they get to sell it and move on to a bigger better home.
SALE PRICE is $180,000.
NAR would say Real Estate increases!They made
$80,000 TAX FREE PROFIT.WIN,WIN,WIN.
Not So says Best Solutions FL.
WHAT IS THE REAL INVESTMENT?
The house had to be maintained,say at @ 2.5% a year
The house had to be insured,say at @1% a year
The house had Taxes say at 1.5% a year
AND there is the time cost of money...
If the house was financed at @ 5%/yr
(If paid for cash the loss of @4%/yr)
THE TRUE COST IF FINANCE IS 10% a YEAR
for 18 years.I will not dare compound that They would take my broker license away,it makes the time cost 180% which
equals $180,000 plus the purchase of $100,000
making it an investment of $280,000.
BEING SOLD FOR $180,000.

I repeat as a basic human need, GREAT,Wonderful.
The words real estate investment should not be allowed with the words income producing.

Why TALF Isn't Working

Congradulations to all of you.
This looks like a spirited debate.
I am really tired of reading the junk and venom
that is usually printed in the comment sections.
Right or wrong or inbetween keep it going.
I only wish that somehow,someway these
dialogs would reach anyone that could challenge or endorse what is said and start real action.
Dr. Yunus (Banker to the Poor,Nobel Prize 2007?)
"As with any new idea,change it,challenge it,or endorse it"
Basilovecchio

Housing Recovery: Where Will Demand Come From?

Dear REALOLD,
What bill?
The loan is paid back in full with interest and profit.
You need to understand that it is "too good to be true"
This is not a bailout,it is a loan with TERMS AND CONDITIONS
to pay it back with interest and profit.
The question should be,
"What can the government do with the $150 Billion profit"
Oh maybe PIMCO and BLACKROCK want it!!!!

Wall Street Breakfast: Must-Know News

So where is the challenge.??
Would an EXTREMELY LOW AFFORDABLE PROFITABLE
MORTGAGE PAYMENT not take all these homes off the market.??
Would an EXTREMELY LOW AFFORDABLE PROFITABLE
MORTGAGE PAYMENT not become a AAA+ rated ASSET?
Call it garbage,call it idiotic,call it what ever you wish,but to be credable show that the solutions can not be
_"a low affordable rate mortgage with a long term payback
does not work"

DO THE MATH:
10 years equals 120 payments
USE the 120 payments to pay
(A) the interest for the TOTAL
Note for the ten years.
(B) 15% of the total amount
(C) 15% for INS and Taxes
That comes to P.I.T.I.
PURE SIMPLE MATH .MATH does not lie.
There is of course a balance of 85% of the note UNPAID
at the end of payment 120.
That becomes payment 121 a new mortgage for 30 years
for that 85%.....or if 5% profit desired it becomes a new note for
90%
MATH SAYS "If this is a $3 Trillion problem taxpayers will profit
$150 Bilion Dollars.
Oh,the purity of math.
But then again if you cannot do the math just call it garbage!
BASILOVECCHIO

More Than 1 in 5 U.S. 'Homeowners' Actually Own Nothing

Believe it or not-The housing crisis is very easy to solve,restore prices and restore the credit of the American homeowner,EXCEPT
for the fact that the resolution to that part of the finiancial
problem could allow the taxpayers to EARN $150 Billion over the next ten years and it is only at most a $3 Trillion problem .
What it would cause to happen and why it won't happen is that
if the loans were RESET EVEN at 100% of the "TOXIC"
amount it would take away from the table any way of hiding or paying for the( as Obama said,Leveraged over 30 times)
$50 t0 90 Trillion loss in swaps and derivetives,you know that stuff Wall made trillions of dollars from,spent it and now need to cover the loss of it.
Screw the now poor dumb homeowners till the "too big to fail" guys
get a change to cover their losses.
Quote DeSoto,"A QUADTRILLION DOLLAR LOSS..."
BASILOVECCHIO

Housing Recovery: Where Will Demand Come From?

As Einstein said,"The solution...make it simpler"
End all foreclosures by allowing ,the 85% that wish to stay in their homes and the other 15% that wish to purchase that portion of the over 8 million homes ,TO HAVE AFFORDABLE PAYMENTS.
This can be done within 120 days at a PROFIT to the taxpayers.
THE SIMPLER SOLUTION:
1. Modify all loans at 100% of fair market value.
What a hell of a stimulus gift to the banks!
2.Give a new mortgage with EXTREMELY LOW
AFFORDABLE PAYMENTS.What a hell of a stimulus to the comsumers.
"The Everybody Wins Plan" calls for a mortgage payment of
@ $475....per month....TOTAL P.I.T.I. for each $100,000
note amount!!!!!!!
And no new legislation required just tweek the
"Economic Recovery Act Oct 2008"
by removing age requirement and allowing 100%
FHA,HUD guarantee FDIC insured loans.!!
To get the total ,stupid details just let me know someone out there is reading this and promise to post it so it can be challenged or endorsed.I'll take the heat.I use Volcker,Shiller,Yunus ideas as a basis along with a low interest rate with a longer term.
BASILOVECCHIO

Are the New MacroShares Housing ETFs Just Too Complicated?

If you think they are complicated,please help me with my situation.NOW "THEY" ARE GOING TO TELL ME,not only
can I reap a ROI on my dormant asset (Home Value)
but I can INSURE IT'S FUTURE VALUE.
Please email Robert Shiller let him know He can help create the next housing boom and bust.
Well,anyway please,help me with information about my present question.All help will be appreciated.
I need your professional opinions.
I am a real estate broker and have been in the business 20 years.
I am 73,my wife is 67.
We own our home free and clear and it has a Fair Market Value ,
today of $450,000
A Cert.Finacial Planner has worked out the following program for us.
We can purchase a PAID IN FULL upfront second to die life insurance policy
for $250,000 that will have a face value of $1,069,013 as a death benefit to our heir.
I am rated GOOD,my wife STANDARD.
We can get the full amount from the dormant asset value of the house.
We will not need to make any payments,get to live in the house RENT free,
of course since we still own the home we must pay maintenance,insurance and taxes.
Upon death of both of us,our heir will receive tax free $1,069,013.
REGARDLESS of the value of the house.
If early death our heir may possible receive some additional income tax free from the house,
if value goes up greater that loan plus interest we are not paying.If the house is worth less
then that amout,everyone is forgiven,the FHA,HUD will pay the lender in full-no deficiency.
IS THIS TOO GOOD TO BE TRUE.
We will be technically selling our home at todays value of $450,000
to the FHA ,HUD for $ 1,069,013 future tax free dollars for our heir.What a great wealth transfer.
And we get to do multiple crusies because we can spend the million we have in CDs
because our heir is taken care of!
We are able to take THE NON LIQUID DORMANT ASSET of the cash and get a 4 to 1 return.
PLUS WE GET TO USE THAT ASSET FREE for the rest of our life.
Please confirm ,or please give me a wake up email!
cbasilovecchio
at aol dot com

Wall Street Breakfast: Must-Know News

Please do read it.
Three minutes could be worth $150 billion dollars to
US TAXPAYERS over the next ten years as revenue
and THE AMERICAN HOUSING MARKET STABALIZED
As the FED RESERVE CHAIRMAN said when asked ,"How much money is expected to be lost due to this financial crisis?
(A Fox News Interview)
The reply was ,"We won't know untill we see where the housing market stabalizes"
What has that market loss?4 to 8 Trillion?
I believe it is worth the three minutes,even it you were to prove
IT ISN"T POSSIBLE!

Wall Street Breakfast: Must-Know News

"WHY DOES SA ALLOW BOOK-LONG POSTINGS...?"
"NO MATTER WHAT IT SAYS???
Dear bobbobwhite, just imagine where we would be if your advice was followed by all the great thinkers,shakers and does of the world.
Imagine asking Socrates ,Einstein,Patrick Henry,billions of others , "KEEP IT TO 50 WORDS OR LESS"

or perhaps you would like to ask,"WHY WOULD SA ALLOW
281 COMMENTS>>>NO MATTER WHAT>


On Apr 29 09:51 AM bobbobwhite wrote:

> Why does SA allow book-long postings like yours, no matter what it
> says??? This is not the right venue! Write a book on it instead.
>
>
> On Apr 29 09:21 AM Bestsolutionsfl wrote:

Wall Street Breakfast: Must-Know News

TO:
NOT SO SMART
How is it with a name like that you were able to post perhaps one of the most intelligent comments.

A plan that would get us out of the home mortgage crisis does require some detail.
"The Everybody Wins Plan" as posted request that anyone
read it then:
Change it
challenge it
or endorse it

PERHAPS A CASH PRIZE TO THE FIRST TEN BLOGGERS IN THE USA THAT PROVE THE THEORY IS INCORRECT WOULD MAKE IT WORTWHILE TO READ AND RESPOND?


I thought that this site had computer savy people that would
help me realize
a.If in fact lower rates and longer term is a solution.
b.It could be at a profit for the taxpayer.
c.That EVERYBODY WINS,i.,e.,ALL PEOPLE
THANK YOU
AGAIN "NOT SO SMART"
from
BASILOVECCHIO


On Apr 29 02:57 PM notsosmart wrote:

> article too long? just scroll past it. only takes a few seconds.comment
> not to your liking? just ignore it.a spelling mistake? really not
> the end of the world. so many sweating the small stuff.sad.