Disqus - Latest Comments for Jim Dierking

Re: Market Perception is Reality

Jim Dierking — Mon, 22 Sep 2008 13:42:58 -0000

At last someone who hit the nail square on the head! As a mortgage originator, I have been saying that the major focus for the past two years was to find a way to keep the housing market strong. The think the Fed missed the boat when they started raising rates a few years ago and continued to raise despite the fact that the only thing that was being affected was the housing market! By the time they started to ease, damage was already done! Great post!

Re: Inside a foreclosure

Jim Dierking — Fri, 03 Oct 2008 14:11:28 -0000

I relate to what I see in the video. I invest and develop real estate when I am not writing mortgages or assisting my clients with reducing their mortgage and consumer debt .

About a year ago, I purchased a home that was about to be foreclosed. I knew the owner and they approached me to see if I was interested. Well, I managed to get a pay off from the law firm involved, had the owner sign over the deed and made the deal. I even let the owner stay in the home for a brief peiod until they found a rental unit.

When the people vacated about a month later, they left everything. The only difference between my situation and the house in the video was that there was absolutely nothing worth salvaging. It took two laborers two full days and 2 1/2 30 yard dumpsters to clean out the place!

So, yes, the people do leave a lot, if not everything, but it is not always as neat and clean as it appears in the video! Just goes with the territory!

Re: Inside a foreclosure

Jim Dierking — Fri, 03 Oct 2008 14:18:02 -0000

Just a side note that the html links in my comments are not my links. Was not posting comments for the sake of soliciting business!

Re: Sub-prime Mess Leads to Global Summit

Jim Dierking — Sun, 19 Oct 2008 12:07:43 -0000

Once again, you have hit the nail on the head. But... one thing that we all must keep in mind is that there is a point that we must stop and say when is it that indiviuals must take responsibility for their own actions? This economic mess may well be caused by under regulating or over regulating the industry; arguments come from both sides of the aisle, but individuals must know what they can and cannot afford! And, if they do not, then they do not deserve to have credit extended to them. Credit is a privilege we earn, not someones right we get to abuse!

Re: Sub-prime Mess Leads to Global Summit

Jim Dierking — Mon, 20 Oct 2008 14:02:00 -0000

I will try and be professional in responding to Tom Lowe's comments. Perhaps I should start by saying that yes, when a unfortunate situation occurs in someone's life, there should be something that they can do to get help. I give generously every week to insure that various missions within my community and on a larger scale as well. I have survived a few very serious health issues as has my wife and through it all I managed to pay my bills as agreed. I live within my means and have tried to make provisions so that in case I am in a situation unexpected negative circumstance, I will not have to check to see what I am entitled to.

But you, Tom, made this personal. It is not personal and let's face it, far too many americans live beyond their means. Quoting the Federal Reserve, 40% of American families spend more than they earn. So my comments are not directed to the individual family that is paying their bills, living within their means and sadly, has something like loss of income cause them to become unable to afford their financial obligations. I am talking about the individuals mentioned by the Fed, living beyond their means.

So, I will continue to work hard and you can go on singing your mantra of ignorance. The fact still remains that far too many of the people in financial crisis has done this to themselves. And for those who have lost their employment, become disabled and unble to work, I will continue to give generously to charities that provide assistance to them. So take your mantra of ignorance and sing your song to someone who is ignorant and who will listen!

And I hope that you have a blessed day!