Hi,
To achieve an understanding into how important ECONOMICS has become in the modern world this week I will cover another type of economics proposed in 1966 by two Columbia University students in a paper called CLOWARD-PIVEN.
The paper was written by Richard Cloward and Frances Piven, a husband and wife team and members of the Democratic Socialists of America, who taught sociology (AND socialism) at Columbia at the time. Their economic plan was written up in Nation Magazine and entitled "The Weight of the Poor".
Their ECONOMIC plan incorporating SOCIOLOGY called for grassroots radical organizations to demand more and more public services on all levels. ACORN , LIVING WAGE, VOTING RIGHTS, AND NACA (a recent outgrowth of the housing crisis) were born of this movement.
The economic plan they recommended: ADD MANY TO WELFARE PROGRAMS TO FORCE MORE SPENDING on Government funded programs, thereby using already in place programs to overburden the ECONOMY. Since we have a low rate of POOR on Welfare rolls in America, immigration became important.
Their idea was to force POLITICAL change by making POLITICAL CRISIS. One of the humorous?????????sayings of this system is that "A CRISIS IS A TERRIBLE THING TO WASTE" (Credited to Rahm Emmanuel). The goal is to control POLITICALLY by OVERLOADING government with demands that become impossible to fulfill thus sending a standing government into CRISIS and ECONOMIC COLLAPSE.
THIS ECONOMICS STUFF SEEMED DULL AND DRY AND WAR WAS THE DRAMATIC EVENT UNTIL CLOWARD AND PIVEN!!!!!!!!!!!
Take another look! WAR has become ECONOMICS! and ECONOMICS has become WAR! !!!!!!!!!
I firmly believe we defeated Russia in the Cold war with Economics and now we are being hoisted on our own petard (ie: shafted with our own sword). Literally blown up with our own bomb!!!!!!!!!
Cloward-Piven had created a strategy to produce radical change, also known as the 'CRISIS STRATEGY" as well as the "FLOOD-THE-ROLLS, BANKRUPT-THE-CITIES-STRATEGY". OVERLOAD an economic system. The paper assumed swamping welfare with new applicants (such as illegal aliens), would cause an inability to collect from the Government. This in turn would cause DISASTROUS demand, ECONOMIC collapse, political turmoil and ultimately a SOCIALIST form of government. IS THIS BEING UNDERTAKEN IN AMERICA?????????DOES THE SUN RISE IN THE EAST?
According to my research the Watts riots in Los Angeles inspired the writers for an article called "Mobilizing the Poor: How it Could be Done" eventually published as the above "The Weight of the Poor" article which activists embraced as ECONOMIC "crisis strategy". The article claimed a welfare system (such as America's) weakened the poor and needed to be destroyed and could be used to create CRISIS.
By enlarging SOCIAL WELFARE programs and forcing an impossible demand on the system, they assumed default would cause rebellious havoc and demand among the poor. CRISIS would follow and collapse the Government by igniting political and financial upheaval. Then aggressive organizers could create violence, government control, and accomplish the goals of redistribution of income for a Marxist "utopia?". Although the initial instructive CRISIS plan FORMED by George Wiley and the NWRO (National Welfare Rights Organization) did not work nationally, it brought New York City to its knees and into bankruptcy in 1975, making radicals believe in the strategy's usefulness.
Thus it became a blueprint for three decades of economic change. George Soro who heads the Shadow Party and Open Society Institute is said to be honing the strategy as an efficient weapon against all governments not based on Socialism. Recent activism continues to rely on the tactic of overloading the system. Government bureaucracy as it grows bigger is easily subjected to being radicalized. Create turmoil and violence by pointing to a present system's failure to meet promised needs as in the credit loan crisis.
POLITICIANS involved in all areas of government in this country have contributed to the problems we now face. Bill Clinton with Cloward and Piven by his side signed the MOTOR VOTER ACT which created great risk and use of voter fraud ALLEGEDLY conducted by Acorn in the last election when illegal aliens were registered as voters. A situation quickly overlooked.
The advent of greater growth through immigration is designed to overload the system as it now stands. That's why we have legal quotas to prevent a strain on resources. Several members of Congress also encouraged Acorn to be involved in the mortgage crisis scandal and enlarged Fannie Mae and Freddie Mac through Congress. Look up the records on the net.
WILL 2012 Be an HONEST ELECTION???????????????There are those on the left who think the American middle class electorate is too self-involved to care. Are they right?????????????
This strategy continues to be applied in the United States and is being manipulated by top level Socialists using the current crisis in Wall Street ( STOCK CONTROL TO BE IMPLEMENTED BY THE CONGRESS OF FREDDIE MAE FAME); the home loan scandal (NACA); and unemployment, (NO GOOD CRISIS MUST GO TO WASTE) to further erode America's stability.
The massive Trillion dollar spending sprees MAY INDEED overwhelm the system. The national debt is at my last survey $12 TRILLION DOLLARS and our dollar is being printed so fast that it may take a bushel basket to buy a loaf of bread in future. THE CLOWARD-PIVEN STRATEGY BLUEPRINT at this moment is gnawing away at the United States economic infrastructure and political system.
Another asset effectively used as erosion of Government is fraud, political dishonesty, and hidden agendas. These are politically acceptable in the Middle East and other parts of the globe and are thought to be an important part of politics. Is it being used in America?????????????
Remember radicals call this a "STRATEGY OF FORCING POLITICAL CHANGE THROUGH ORCHESTRATED CRISIS" by any means available including OVERLOADING and taking advantage of any OTHER methods to CREATE CRISIS.
What does all this mean to Americans who believe in the fundamentals of the United States?????
Economically this ECONOMIC strategy must be beaten at its own game with POLITICAL POWER AND ECONOMIC Planning. I am sure that fire must be fought with fire (PLUS WATER) and although I am not the genius to figure out how (if I turn out to be said genius, you'll be the first to know). There is a genius out there who can ECONOMICALLY STOP THESE RADICALS in America. By the way google Cloward-Piven soon because all mention could mysteriously disappear or a name change could occur.
The current goal of THOSE OPPOSED TO FREEDOM is overwhelming the electorate as well. The involved middle class and the voters are not only to be IGNORED, discouraged, demoralized, and exhausted: SET UP so that they become too distracted to fight and simply admit defeat. This is NOT acceptable.
BE ADVISED. This has become MODERN WARFARE (with INTERNAL enemies) and it is not an option for LOYAL Americans to lose it.
For the coming elections:
HAVE VOLUNTEER LICENSE BUREAU AND ELECTION OFFICE watchers. The law allows this. DEMAND CONGRESS return to ONLY VOTERS registered in ELECTION OFFICES to be allowed THE VOTE
ARM YOURSELF WITH THE FACTS!!!!!!!!!!
BE CAREFUL AT THE POLLS IN 2012 TO BE SURE YOU ARE VOTING FOR YOUR SYSTEM OF GOVERNMENT AND USE ECONOMICS TO DEFEAT THE OPPOSITION!!!!!!!
CHEERS, CONNIE
6/12/10
DON'T BE A "PAD PUSHER". TECHNOLOGY MADE THAT JOB REDUNDANT!!!!!!!!!!!!!!!!
Hi,
Everyone that has interest in becoming a share holder in a stock on the Wall Street Stock Market needs some knowledge of what a TICKER TAPE is and what it means. And when viewed in the newspaper, on TV, or on the computer, the first question has to be: what is the DOW or the DJIA (DOW JONES INDUSTRIAL AVERAGE). We hear about it on the news all the time as it goes up and down and a serious DOWN loss becomes like 1929s BLACK TUESDAY. Pretty grim!!!!!!!!
THIRTY ACTIVELY TRADED STOCKS as an indicator are chosen by the editors of the WALL STREET JOURNAL (published by DOW JONES & CO. originally as the "CUSTOMER'S AFTERNOON LETTER"). The stock prices were added up and divided by the number of stocks. (which today has increased from the original 30.) The practice was begun in 1896 by Charles Dow when he had only had eleven stocks in the list.
The original ticker tape machines were changed in 1930 and 1964 but they were always TWENTY MINUTES BEHIND the trading. In 1996 an electronic ticker was invented. The "PAD SHOVERS", who ran immediate quotes to nearby brokers' offices on Wall Street to make up for the twenty minute lag lost out to modern technology. New inventions require new employment.
So--yes, THE DOW JONES INDUSTRIAL AVERAGE is an (ASS U ME) ASSUMPTION BUT one that has worked pretty well over the years.
There are three indices (indicators or assumptions) used : The INDUSTRIAL AVERAGE uses major industries that offer an overall view of the United States; the Dow Jones TRANSPORTATION average, a collection of twenty active US transportation companies. Thirteen are listed on the NYSE (NEW YORK STOCK EXCHANGE) and seven ON NASDAQ (NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED QUOTATIONS); and the Dow Jones UTILITY AVERAGE.
The Dow Jones index is the one most followed and has been modified in modern day markets replacing the simple devisor of 30 with a newer Dow Jones divisor which accounts for stock market split stocks (extra stock given instead of raising stock price) and stock dividends (a portion of the company's profits) that weren't around when Charles Dow started the Dow Jones Average.
Other market averages are produced by STANDARD AND POOR'S 500 and the NASDAQ composites like NASDAQ "Q" AND "100" and when used together with the DOW by Brokers provide a basic insight into how specific markets are doing. Using all three overcomes the Dow Jones price weighing (percentage) problems and are balanced by the market-capitalization weighted (percentage) divisors used by the others. The three represent a broader range of US companies although there are other averages produced. Since the Dow is the most followed average, I won't bore you with the formulas.
The primary difference between the NEW YORK STOCK EXCHANGE AND NASDAQ is that the NYSE has actual trading on the floor of the Exchange while the NASDAQ uses only online trading and specializes more fully in technology stocks. NASDAQ also acquired the (AMEX)American Stock Exchange which made it the largest of the group.
The DOW JONES INDUSTRIAL AVERAGE is followed by the TICKER TAPE (A TICK WAS HEARD ON EACH MOVEMENT OF A STOCK UP OR DOWN) which lists on the TV screen horizontally the following information:
TICKER SYMBOL (company's abbreviation or ID);
SHARES TRADED (the amount quoted in trade (k= one thousand, M=one hundred thousand, B=one million);
PRICE TRADED (the last bid price for stock);CHANGE DIRECTION (an arrow shows higher or lower than yesterday);
CHANGE AMOUNT (the difference in price from yesterday). When the market closes, the tape shows the final amount of that day's trading only.
To locate the stock market ticker tape of the stock desired, count the number of letters in the stock symbol. Two to Three letters indicates the (NYSE) New York Stock Exchange; four indicates NASDAQ (includes Amex); 5F or 5Y indicates a foreign stock on NASDAQ.
Colors are also used thus: GREEN HIGHER price than previous day's closing quote; RED LOWER; BLUE OR WHITE, UNCHANGED.
To find a specific STOCK on the TICKER TAPE requires the stock abbreviation provided by the Securities Exchange Commission for stock identification. These are not as easy to come by but they are often listed in a stock newspaper; quoted on TV by Jim Cramer, popular investment guru on "Mad Money"; brokers have them; or they can be found on the Internet at "Stock Market Symbols", where "Scottrade"offers easy free stock symbol look up with other info.
Here are a few samples: JCPENNEY=JCP/MACYS=M/PIER ONE IMPORTS=PIR/GENERAL ELECTRIC CO.=GE/McDONALD'S CORP=MCD.
GENERAL ELECTRIC, by the way, is one of the original BLUE CHIP stocks (DOW JONES FAVORITES) AND the only one left on the original list. SAYS SOMETHING good about management!
Hope this helps to clear out the mumbo jumbo of HIGH FINANCE and brings it down to earth.
CHEERS, CONNIE
Everyone that has interest in becoming a share holder in a stock on the Wall Street Stock Market needs some knowledge of what a TICKER TAPE is and what it means. And when viewed in the newspaper, on TV, or on the computer, the first question has to be: what is the DOW or the DJIA (DOW JONES INDUSTRIAL AVERAGE). We hear about it on the news all the time as it goes up and down and a serious DOWN loss becomes like 1929s BLACK TUESDAY. Pretty grim!!!!!!!!
THIRTY ACTIVELY TRADED STOCKS as an indicator are chosen by the editors of the WALL STREET JOURNAL (published by DOW JONES & CO. originally as the "CUSTOMER'S AFTERNOON LETTER"). The stock prices were added up and divided by the number of stocks. (which today has increased from the original 30.) The practice was begun in 1896 by Charles Dow when he had only had eleven stocks in the list.
The original ticker tape machines were changed in 1930 and 1964 but they were always TWENTY MINUTES BEHIND the trading. In 1996 an electronic ticker was invented. The "PAD SHOVERS", who ran immediate quotes to nearby brokers' offices on Wall Street to make up for the twenty minute lag lost out to modern technology. New inventions require new employment.
So--yes, THE DOW JONES INDUSTRIAL AVERAGE is an (ASS U ME) ASSUMPTION BUT one that has worked pretty well over the years.
There are three indices (indicators or assumptions) used : The INDUSTRIAL AVERAGE uses major industries that offer an overall view of the United States; the Dow Jones TRANSPORTATION average, a collection of twenty active US transportation companies. Thirteen are listed on the NYSE (NEW YORK STOCK EXCHANGE) and seven ON NASDAQ (NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED QUOTATIONS); and the Dow Jones UTILITY AVERAGE.
The Dow Jones index is the one most followed and has been modified in modern day markets replacing the simple devisor of 30 with a newer Dow Jones divisor which accounts for stock market split stocks (extra stock given instead of raising stock price) and stock dividends (a portion of the company's profits) that weren't around when Charles Dow started the Dow Jones Average.
Other market averages are produced by STANDARD AND POOR'S 500 and the NASDAQ composites like NASDAQ "Q" AND "100" and when used together with the DOW by Brokers provide a basic insight into how specific markets are doing. Using all three overcomes the Dow Jones price weighing (percentage) problems and are balanced by the market-capitalization weighted (percentage) divisors used by the others. The three represent a broader range of US companies although there are other averages produced. Since the Dow is the most followed average, I won't bore you with the formulas.
The primary difference between the NEW YORK STOCK EXCHANGE AND NASDAQ is that the NYSE has actual trading on the floor of the Exchange while the NASDAQ uses only online trading and specializes more fully in technology stocks. NASDAQ also acquired the (AMEX)American Stock Exchange which made it the largest of the group.
The DOW JONES INDUSTRIAL AVERAGE is followed by the TICKER TAPE (A TICK WAS HEARD ON EACH MOVEMENT OF A STOCK UP OR DOWN) which lists on the TV screen horizontally the following information:
TICKER SYMBOL (company's abbreviation or ID);
SHARES TRADED (the amount quoted in trade (k= one thousand, M=one hundred thousand, B=one million);
PRICE TRADED (the last bid price for stock);CHANGE DIRECTION (an arrow shows higher or lower than yesterday);
CHANGE AMOUNT (the difference in price from yesterday). When the market closes, the tape shows the final amount of that day's trading only.
To locate the stock market ticker tape of the stock desired, count the number of letters in the stock symbol. Two to Three letters indicates the (NYSE) New York Stock Exchange; four indicates NASDAQ (includes Amex); 5F or 5Y indicates a foreign stock on NASDAQ.
Colors are also used thus: GREEN HIGHER price than previous day's closing quote; RED LOWER; BLUE OR WHITE, UNCHANGED.
To find a specific STOCK on the TICKER TAPE requires the stock abbreviation provided by the Securities Exchange Commission for stock identification. These are not as easy to come by but they are often listed in a stock newspaper; quoted on TV by Jim Cramer, popular investment guru on "Mad Money"; brokers have them; or they can be found on the Internet at "Stock Market Symbols", where "Scottrade"offers easy free stock symbol look up with other info.
Here are a few samples: JCPENNEY=JCP/MACYS=M/PIER ONE IMPORTS=PIR/GENERAL ELECTRIC CO.=GE/McDONALD'S CORP=MCD.
GENERAL ELECTRIC, by the way, is one of the original BLUE CHIP stocks (DOW JONES FAVORITES) AND the only one left on the original list. SAYS SOMETHING good about management!
Hope this helps to clear out the mumbo jumbo of HIGH FINANCE and brings it down to earth.
CHEERS, CONNIE
6/5/10
"GOOD FAITH" THAT BORROWER IS IGNORANT!!!!!!!!!!!!.Post 26
Hi,
Since we covered mortgages briefly in post 25, let's look at the various costs added to a loan called CLOSING COSTS. They used to be minimal but have grown with time and creativity. Various lenders include fees because THEY CAN and save themselves the EXPENSE OF DOING BUSINESS that we learned about in an early post.
There are some who would take advantage of the ignorant (not dumb-just untutored) buyer (YOU THINK??????). So back to doing "home"work so that the mortgage broker has to finance his own trip to the Caribbean!
Since the mortgage company is not required to hold to the "good faith estimate" of closing costs provided, what does 'GOOD FAITH' mean? Hey!!!!It's probably that the MORTGAGEE has GOOD FAITH that the MORTGAGOR won't know what's really being charged!!!!!!!!!!! Well, that clears that up, doesn't it?!!!!!!!!! Actually, it is an "guesstimate" so get something real in writing!
PADDING closing costs is possible and the fees can rise sharply. Know what is average in costs and it won't end up that way. Don't be a sucker and fall for the GOOD FAITH "bait and switch" tactic. First take a look at the unnecessary fees as opposed to the necessary. You can shop around for closing costs as well as interest rates. Remember, anxiety and vulnerability after a house is chosen causes mistakes, so shop loans beforehand.
A no point, no fee home loan was standard years ago and they're still out there and most of the closing cost fees disappear so that's the first type of loan with advantage. Hard to get but so worth the effort with good credit.
Seek out information on average closing costs for a home in a given price range through computer or other investigative methods offered by legitimate lenders. Use these as examples to get the EXACT TERMS from the lender and escrow company in WRITING.
A MORTGAGE BROKER is someone who does the work of finding a good loan and can be a guide on how to beat costs as well as offer a solid estimate (IN WRITING) based on the mortgage broker's experience with the lender being used. However, remember to check to see if there is a vested interest. For example, a mortgage broker who works for a bank has a vested interest in recommending a loan on which the bank profits the most fully.
REMEMBER IT'S ALL ABOUT SALES AND COST OF DOING BUSINESS. A mortgage lawyer seems expensive until savings on closing costs become evident due to the legal eagle's expertise.
Be aware of what is being ROLLED into the loan. Don't pay interest on closing costs! or taxes or any OTHER costs! Remember the 3X rule of interest over time. Put money aside for full payment.
The work needed to learn about fees is necessary and worth the time and effort. The current average closing costs on the $250,000. home used in the last post can range from $6000. to $23,000. and would include the following:
POINTS: (or loan origination fee=$100. for every $10,000. borrowed) a point is equal to 1% of the amount borrowed; (I PERSONALLY THINK THIS IS A TERRIBLE RACKET but accepted by both sides). It is a charge to actually borrow the money on top of the interest agreed upon.
The following fees are MOSTLY COST OF DOING BUSINESS which THE BORROWER winds up paying for instead of the mortgage company:
Administration fee, application fee; commitment fee (WHOEVER THOUGHT THAT ONE UP?????GOT A RAISE I BET!); Document preparation; funding fee; processing; wire transfer (PLEASE, THIS COST is the same as the funding fee); mortgage broker or lender fee (THE POINTS AND INTEREST AREN'T ENOUGH???);
Tax service; underwriting, appraisal, attorney or settlement fee ( PAYING FOR A LAWYER?) HE SHOULD BE NEGOTIATING THOSE FEES !!!!!!!!!!;
Credit report, flood certification; pest and inspection; postage, courier, Notary fee, (COST OF DOING BUSINESS); Survey (NOT necessary in all cases); title insurance, title work (SHOULD HAVE BEEN INCLUDED IN TITLE INSURANCE COSTS); government fees (YES, THEY GET A PIECE OF YOU AS WELL); county-city fees, sales tax, intangible tax. And there are a few others that some lenders think up that sound legitimate. PLUS YOUR DOWN PAYMENT WHICH IS NECESSARY.
Since the MORTGAGEE came up with this method of making the MORTGAGOR (the borrower) pay most of the MORTGAGEE'S COST OF DOING BUSINESS, it make sense to get the MORTGAGEE (the lender) to pay his own costs. Ask for it!
In a buyer's market, no matter how they drag their feet, it is not only possible but smart business for the mortgagor to go to the table ready to NEGOTIATE and if that MORTGAGEE won't listen, WALK, and let the NEXT MORTGAGEE know you walked on the non-negotiator. Don't be timid. This is a major business transaction. RESPECT will result from your tactics.
There's a lot to be learned about this most important transaction and the Internet is a good teacher. It's all there for the willing student who no longer cares to transact business in ignorance. Keep "GOOD FAITH" by bringing KNOWLEDGE to turn the tables on the greedy and to return to reasonable profits that are deserved by the Mortgagee for risking so much money. The mortgagee is not the only one at fault here. Consent by the Mortgagor is FAULT as well. Make 'em toe the line!!!!!!!!!!! It takes TWO TO TANGO!
CHEERS, CONNIE
Since we covered mortgages briefly in post 25, let's look at the various costs added to a loan called CLOSING COSTS. They used to be minimal but have grown with time and creativity. Various lenders include fees because THEY CAN and save themselves the EXPENSE OF DOING BUSINESS that we learned about in an early post.
There are some who would take advantage of the ignorant (not dumb-just untutored) buyer (YOU THINK??????). So back to doing "home"work so that the mortgage broker has to finance his own trip to the Caribbean!
Since the mortgage company is not required to hold to the "good faith estimate" of closing costs provided, what does 'GOOD FAITH' mean? Hey!!!!It's probably that the MORTGAGEE has GOOD FAITH that the MORTGAGOR won't know what's really being charged!!!!!!!!!!! Well, that clears that up, doesn't it?!!!!!!!!! Actually, it is an "guesstimate" so get something real in writing!
PADDING closing costs is possible and the fees can rise sharply. Know what is average in costs and it won't end up that way. Don't be a sucker and fall for the GOOD FAITH "bait and switch" tactic. First take a look at the unnecessary fees as opposed to the necessary. You can shop around for closing costs as well as interest rates. Remember, anxiety and vulnerability after a house is chosen causes mistakes, so shop loans beforehand.
A no point, no fee home loan was standard years ago and they're still out there and most of the closing cost fees disappear so that's the first type of loan with advantage. Hard to get but so worth the effort with good credit.
Seek out information on average closing costs for a home in a given price range through computer or other investigative methods offered by legitimate lenders. Use these as examples to get the EXACT TERMS from the lender and escrow company in WRITING.
A MORTGAGE BROKER is someone who does the work of finding a good loan and can be a guide on how to beat costs as well as offer a solid estimate (IN WRITING) based on the mortgage broker's experience with the lender being used. However, remember to check to see if there is a vested interest. For example, a mortgage broker who works for a bank has a vested interest in recommending a loan on which the bank profits the most fully.
REMEMBER IT'S ALL ABOUT SALES AND COST OF DOING BUSINESS. A mortgage lawyer seems expensive until savings on closing costs become evident due to the legal eagle's expertise.
Be aware of what is being ROLLED into the loan. Don't pay interest on closing costs! or taxes or any OTHER costs! Remember the 3X rule of interest over time. Put money aside for full payment.
The work needed to learn about fees is necessary and worth the time and effort. The current average closing costs on the $250,000. home used in the last post can range from $6000. to $23,000. and would include the following:
POINTS: (or loan origination fee=$100. for every $10,000. borrowed) a point is equal to 1% of the amount borrowed; (I PERSONALLY THINK THIS IS A TERRIBLE RACKET but accepted by both sides). It is a charge to actually borrow the money on top of the interest agreed upon.
The following fees are MOSTLY COST OF DOING BUSINESS which THE BORROWER winds up paying for instead of the mortgage company:
Administration fee, application fee; commitment fee (WHOEVER THOUGHT THAT ONE UP?????GOT A RAISE I BET!); Document preparation; funding fee; processing; wire transfer (PLEASE, THIS COST is the same as the funding fee); mortgage broker or lender fee (THE POINTS AND INTEREST AREN'T ENOUGH???);
Tax service; underwriting, appraisal, attorney or settlement fee ( PAYING FOR A LAWYER?) HE SHOULD BE NEGOTIATING THOSE FEES !!!!!!!!!!;
Credit report, flood certification; pest and inspection; postage, courier, Notary fee, (COST OF DOING BUSINESS); Survey (NOT necessary in all cases); title insurance, title work (SHOULD HAVE BEEN INCLUDED IN TITLE INSURANCE COSTS); government fees (YES, THEY GET A PIECE OF YOU AS WELL); county-city fees, sales tax, intangible tax. And there are a few others that some lenders think up that sound legitimate. PLUS YOUR DOWN PAYMENT WHICH IS NECESSARY.
Since the MORTGAGEE came up with this method of making the MORTGAGOR (the borrower) pay most of the MORTGAGEE'S COST OF DOING BUSINESS, it make sense to get the MORTGAGEE (the lender) to pay his own costs. Ask for it!
In a buyer's market, no matter how they drag their feet, it is not only possible but smart business for the mortgagor to go to the table ready to NEGOTIATE and if that MORTGAGEE won't listen, WALK, and let the NEXT MORTGAGEE know you walked on the non-negotiator. Don't be timid. This is a major business transaction. RESPECT will result from your tactics.
There's a lot to be learned about this most important transaction and the Internet is a good teacher. It's all there for the willing student who no longer cares to transact business in ignorance. Keep "GOOD FAITH" by bringing KNOWLEDGE to turn the tables on the greedy and to return to reasonable profits that are deserved by the Mortgagee for risking so much money. The mortgagee is not the only one at fault here. Consent by the Mortgagor is FAULT as well. Make 'em toe the line!!!!!!!!!!! It takes TWO TO TANGO!
CHEERS, CONNIE
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