Real Estate

What is the difference between an unlisted and an unpublished number?

Have you ever tried to look up a phone number to find out who the owner is, but found that the number is private and you couldn’t find out the identity of the person? In many cases, when looking for a private number, it turns out that it is related to a cell phone. However, not all private numbers that are not published in phone books belong to mobile phones. Some of these numbers are owned by landlines that are not listed or published.

Are unlisted and unpublished numbers the same? No, there is a slight difference between the two. The following is a brief description of each type:

Unlisted phone number: An unlisted number refers to any phone number that does not appear in a directory or any other listing. Consumers of telephones with these numbers have requested that their telephone company remove their number from public view. A phone user has to pay a small monthly fee so that their number is not listed. However, most people who sign up for this service feel that it is worth the monthly fee as it helps them have more privacy and security on the phone. Therefore, they receive less telemarketing and other unwanted calls.

Unpublished phone numbers: An unpublished number is one that has not yet been published in a directory. Therefore, it has nothing to do with the telephone consumer requesting that their number not be published. These numbers simply have not appeared in the directory due to the fact that these numbers may have been created or distributed after the directory was published. So while they may not have made that particular issue, they will be posted in the next one when it is developed at a later time.

So if you have discovered that your number is not listed in your local telephone directory, but you have not asked your telephone company not to include it, your number is simply not published and will appear in the next number.

Finally, remember that even if a person’s number is not published or listed, you can still find information about the user of the phone with a reverse search. [] search for. You will simply be asked to pay a minimal fee for the search to return useful information.

Real Estate

Proof of funds for commercial real estate investors

Creative financing

When a commercial real estate investor is looking to purchase an income-generating property using any number of creative financing methods, one of the most important keys to their success is their ability to provide an adequate and verifiable proof of funds (POF) both to the seller as the lender. Verification of funds can improve investors’ credibility with the seller, as well as satisfy the requirement of lenders to know that the borrower has the necessary funds to complete their transaction.

Funds Test

There are a few acceptable ways for lenders and sellers to display POF to close your commercial real estate transaction:

  • Bank statements or bank verification
  • Brokerage or verification statements
  • Escrow account verification

“Bank Verification” This is the most acceptable and widely used method of confirming that investors can complete the proposed deal. As such, the money must be deposited into a bank account and confirmed by bank statements or letter from the banker. This is a “hard” (versus soft) verification method, because the money is deposited into an account in the buyer’s name to serve as proof that the buyer can complete the transaction.

“Brokerage Account Verification” Like bank accounts, brokerage accounts show acceptable means of completing a purchase transaction. Likewise, statements or a letter from the representative of the brokerage firm shall comply with the requirement of proving adequate financial soundness. This is also a “difficult” method.

“Escrow Account Verification” This is the only method that can be hard or soft proof of the assets required, as the escrow agent simply needs to write a letter of confirmation that the borrower has the necessary assets. finances available to complete the transaction. It becomes difficult when the money is transferred to an escrow waiting for the closing.


Finally, there are companies whose sole purpose is to provide evidence of the financial capacity of Commercial Real Estate Investors to complete their transactions. Many of them provide “Proof of Funds” and Transactional Financing. POF is required at the beginning of the deal and Transactional Financing is for the closing day only. Both methods are a necessary part of the investor arsenal when using creative financing.

Real Estate

Mobile Home Gas Removal: 5 Ways To Reduce Chemical Gas Removal In Your Mobile Home

Mobile homes are often considered an economically effective housing solution. What is often overlooked is the enormous amount of gases released from the mobile home itself and from products used in mobile homes that can send harmful chemicals into the air. This quickly becomes an unhealthy situation due to the initially tight seals and lack of ventilation. Here are 5 ways to reduce the chemicals that mobile homes release from gas; And reducing these chemicals will help you and your family stay healthy.

Avoid rugs if possible

New carpet is famous for the “new carpet smell.” That smell is often the fumes of harmful chemicals like formaldehyde. Without proper ventilation, you and your family are subject to formaldehyde fumes that can cause burning eyes and nose, sore throat, headache, dizziness, and nausea, and frequent exposure to formaldehyde levels has been shown to higher than normal causes serious long-term damage. -term health problems.

Old carpets are a haven for numerous contaminants, such as dust mites, pet dander, and small particles of dirt and / or sand, all of which are difficult to remove with a regular vacuum and are carried through the air with the normal daily activity. These microscopic contaminants can greatly aggravate existing problems, such as allergies and asthma, and can cause symptoms that simply make you miserable, such as sneezing, watery eyes, and cold-like congestion.


Use a fan to move air through your home and, weather permitting, open windows to help blow gases out of your home. It is important to change the air rather than just recirculate it.

Keep the temperature and humidity stable

Many of the harmful chemicals, such as formaldehyde, are affected by increased humidity and temperature. Keeping the humidity and temperature low will decrease the amount of formaldehyde that will release gas into the air.

Allow products to discharge gas elsewhere

If you plan to buy products such as new carpets or that are known to contain solvents, adhesives, exposed particle board, have them opened and allowed to sit in the warehouse to discharge the gas before taking them home.

Use an air purifier to remove chemicals

All the houses continue to settle after their construction. When mobile homes settle in, the seals loosen, and chemicals and materials that had previously been sealed now break open and can evaporate into the air. Using an air purifier specifically designed to remove chemicals in the air, such as formaldehyde, will help ensure that the indoor air that you and your family breathe is as healthy as possible.

Real Estate

Titanium Welding – Weld Colors Tell A Story If You’re Listening

Titanium welding colors can teach you something. Even if you don’t weld titanium, there is a cool trick where titanium welding colors help test the gas quality of your torch. Stay with me here and learn the trick.

Discoloration of titanium from the heat of welding is due to oxidation and the different colors are due to the varying thickness of the oxide layers.

The great thing about titanium weld colors is that they are predictable. In other words, we can determine what temperature the metal titanium reached when it was exposed to oxygen in the atmosphere.

The colors blue, purple, green, gray, and white occur at gradually higher temperatures.

There are also some intermediate colors and here is the progression.

The first titanium weld color is straw, followed by brown, then brownish blue, violet blue, green and blue, dull salmon pink, gray, and white oxide.

Some codes allow blue discoloration, but the best practice is to prevent titanium welds from fading beyond straw.

Titanium welds are often critical enough to maintain standards higher than the minimum allowed by a code.

But like I said at the beginning, even if you don’t need to weld titanium, you can use this information to test the shielding gas coming out of your tig torch.

Titanium begins to discolor around 500 degrees F. The hotter it gets without being protected by an inert gas like argon, the more it oxidizes and changes color starting with the straw and ending with the chalky white oxide.

But when protected by argon until it cools below 500 ° F, titanium will be shiny and silver even when heated beyond its melting point, which is roughly 3135 F, depending on the alloy grade.

What this means to you is that you can test the shielding gas coming out of your tig torch by simply puddling it and letting it cool and then evaluating the discolored titanium metal.

This is how you do it …

Set your tig welding machine to approximately 50 amps to weld titanium. Set your post-flow protection timer to 15 seconds. Hold the tig torch at a 90 degree angle with dead nuts to the titanium test piece and turn it on. Create a puddle approximately 1/4 “to 3/8”, keep the arc as short as the diameter of the tungsten used and wait about 7 seconds. Release pedal amperage control and hold torch still until weld and heated area cool completely … about 15 seconds.

If your argon is not contaminated, your electrode and the titanium pool will be completely silver.

There will be a circular area around the puddle weld where the argon sheath shielding protected the titanium, which is discolored. That’s fine as long as it’s symmetrical and at least as large as the inside diameter of the tig cup.

An oddly shaped halo of titanium weld colors too close to the weld could indicate a clogged diffuser in the gas lens nozzle body or other problem … and if the weld puddle and electrode are not silver shiny, you may have bad argon or a leak.

It is very important to know these kinds of things before doing a critical weld.

Real Estate

Bank Property – Guide to Buying Discounted Real Estate

Owning a bank is a great way to buy real estate at discounted prices. Bank foreclosures consist of residential homes, commercial properties, and vacant lots. Whether you are looking for a first home, vacation home, investment property, or commercial property, bank properties can be the perfect solution.

To purchase a bank property, buyers must submit offers through the bank’s loss mitigation division or assigned real estate agents. When banks monitor multiple foreclosures, they often use local real estate agents to list and display properties and submit offers. Buyers should note that banks rarely deviate from the sale price unless major repairs are revealed during property inspections.

Banks often suffer a severe financial blow during the foreclosure process. The average loss per property in foreclosure is estimated at $ 60,000. The main objective of banks is to recoup most of the losses when selling repossessed properties. Buyers should plan to offer the full sale price or slightly less.

Most real estate foreclosures require repairs. This is particularly true in the case of residential homes. Unfortunately, homeowners in foreclosure often retaliate against lenders by causing property damage. It is not uncommon to find retired appliances; destroyed or defaced floors and walls; or broken windows and plumbing fixtures.

Real estate prices are based on current market value and are adjusted for repairs needed. Buyers must do due diligence in obtaining property appraisals and home inspections. Repairs discovered during the home inspection that were not recorded in the original documents can be used to negotiate the purchase price.

Bank properties are typically priced at least 10 percent below market value. However, there are options that allow buyers to get additional discounts. The first involves purchasing a home through Fannie Mae’s Home Path Mortgage program.

This government sponsored mortgage financing program offers a wide range of discounted foreclosure properties. Many of the homes for sale are located in areas that experience an above-average foreclosure rate and may qualify for Neighborhood Stabilization Program grants offered through HUD.

Fannie Mae established Home Path to liquidate its national inventory of bank foreclosures by offering special financing options. Home Path can be a good option for buyers with bad credit and for those who cannot afford the down payment requirements associated with conventional home loans.

Home Path requires a minimum 3 percent down payment and allows borrowers to obtain down payment assistance from outside sources; which is prohibited when obtaining financing through conventional lenders. Program details and foreclosed property listings are provided on

Another way to buy bank properties at discount rates is by looking for real estate investors who buy bank portfolios. When investors buy foreclosed properties in bulk, they get wholesale prices that leave them room to make a profit while selling real estate below market value.

Last but not least, buyers should consider looking for a bank property that has been on the market for 60 days or more. Banks sometimes negotiate prices when real estate has stalled or when no one makes an offer.

Using grants in conjunction with Fannie Mae foreclosures or wholesale real estate can further maximize savings and return on investment. Those who take the time to research options and educate themselves on the process can potentially save more than 30 percent or more.

It is best to obtain information from renowned mortgage financers and government agencies or lawyers and real estate investors who specialize in buying and selling bank-owned foreclosure properties.

Real Estate

Property Broker In Munich – A Wonderful Experience Or A Problem?

Property Broker In Munich

“My Real Estate Broker in Munich is a great asset! He makes every possible effort to ensure that we obtain the most favorable terms possible for our purchase of a home here in Germany. We have found him to be a very responsive and helpful broker in many ways. His friendly personality is a big plus, and his knowledge and experience have made him a good choice for all of us. In particular, he has helped us with the purchase of our home in Munich.”

“I have been using the services of a real estate broker in Munich for several years. His methods are impeccable and he always comes through for us. Der Sueden ist unser Zweckwarten. hier kennen wirksten einem mit dem der Regel und Abolitionen abwegen, sondern der Regel zuverterfenen und Abolitionen durchschnitten.” -itation of a real estate broker in Munich

Makler München

“I have always had the great impression of my real estate broker in Munich. I have come to know him through my husband’s association with him and also from other people who have worked with him. He has always behaved in a professional manner towards me. I cannot say more positive things about him.”

A Wonderful Experience Or A Problem?

“My real estate broker in Munich has always been prompt and has paid attention to the details of our transaction. He made sure that we received the best possible deal for our house purchase. I also like the fact that he was very interested in the details of our negotiation. I felt comfortable dealing with him.”

“I really like our real estate broker in Munich. The last time I met him he was in a good mood. I think this is because he was doing a very good job. I believe that he always wants to make a transaction a success. He always gave me positive signals that things are going well between him and his client.”

According to statistics, there are almost eighty thousand people that deal with a property broker in Munich. This is a huge amount, which is why it is understandable if people feel apprehensive when they first start working with one. You should not be afraid to ask questions and do your own research. If you do, you will learn that a property broker in Munich does not have to work on commission, and as long as you are satisfied with the results, he will gladly tell you all you need to know. That is the key to finding a property broker that is right for you!

Real Estate

Choosing interior paint colors

Many times in our lives we paint or hire professional painting contractors to paint the walls we see in our homes. Either way, a lot of work, time and money goes into this area of ​​home improvement, and the design should be one that we are extremely happy with, without being forced to repeat the same procedure in just a couple of years. Interior paints have come full circle with durability and long-lasting qualities, so choosing the right colors is a must from the start of any interior paint job. Below is a checklist, making it easy to choose paint colors, in the hope that this will help you in your next interior color decorating design.

1) Try to acquire a great deck of colors: Most major paint companies have large color platforms available to borrow until you have chosen your paint colors. These normally cost an average of $ 10.00 if purchased separately. Regardless of which company you choose, all paint manufacturers have their own line of paint colors in a wide spectrum of colors. Don’t be overwhelmed by the myriad of color options this color palette uses, as will be explained later.

2) Look around your house: Find the most predominant colors already in your home. They can be furniture, curtains, carpets, brick and stone for fireplaces, countertops, cabinets and tiles. Other areas that are normally overlooked, but have a direct impact on what colors to live with, are in your wardrobe. Open the closet doors to see the general colors of the clothes. Once it is lowered, it will match the matching wall colors while standing inside your home.

3) Choose a main wall color: Choose a main wall color that is universal throughout the home. If you need warmth and appeal, but nothing too dramatic, choose a wall color that complements your entire interior without the need for other colors. Do not try to match a predominant color that already exists in the home, such as carpet, but must be from the same color family. Some painting contractors in your area may offer free interior color consultations as part of painting services. If you do your homework first, you will get a second opinion at no charge.

4) Apply paint swatches: Interior paint doesn’t come cheap, although one of the least expensive interior decorating tasks is bringing your interior to current color dimensions. A high-quality interior paint typically costs between $ 25 and $ 50 per gallon. Once a paint company mixes quantities of your choice of color, they cannot be returned, so it is imperative to make sure beforehand. Seeing only color swatches in paint color decks is close, but can be very misleading. Light plays a huge role when viewing paint colors, so shop around or ask your painting contractor to purchase a liter of colors, painting a large rectangle on the walls where the color is to be chosen. This will ensure that your choice of color is what you originally intended on the color chip.

5) Bringing additional colors to the home: Once the predominant color is reduced, bringing color and life into the home is the exciting part. Many rooms in the house may have a different theme or a person living in that room, such as a daughter or son. Choosing a favorite color, painting an accent wall, makes that particular room more pleasant. The theater room can be soft and muted, while the dining room can be a crimson color if it is a meat eater.

6) Few universal paint colors in a home: Cabinets, doors, wood, and trim should all be the same throughout the home. Newer colored decorations in the home tend to paint the ceilings in different colors in specific rooms, while most ceilings are white. Painting ceilings in darker colors results in a smaller and more personal look, as many formal dining rooms and movie theaters are seeing this done. Open family rooms that stay with bright white ceilings.

7) Optical illusions can drastically affect the way we perceive interior space and colors: That’s why most painting contractors recommend sampling large rectangles on the walls by purchasing a small quantity, such as a quart. Color can be used to make spaces bigger or smaller, wider or taller, while it can enhance lighting. Add character or make a room feel cozier or cooler. Our perception of color depends on the properties of light entering the home from windows, doors, and skylights.

Real Estate

Closing Costs When Buying a Multi-Family Apartment Building

When purchasing a multi-family building as an investment property, closing costs can add up to a large amount and therefore must be calculated carefully as the investor must estimate whether he has sufficient funds for the down payment and closing costs before . to close the deal.

It’s also important to estimate how much cash is needed to save for closing costs before closing, as one of the bank’s conditions when approving a mortgage is to make sure the buyer has sufficient funds for the down payment and closing costs together. .

Appraisal fee: This requirement is helping the bank assess the market value of the property so that it can estimate the LTV (loan to value). If the appraised value is $ 500,000 and the LTV is 80%, then the bank is willing to lend $ 400,000 of the total appraised value. The appraisal fee is usually an obligation with secured mortgages, but in the case of conventional mortgages, it can sometimes be waived at the discretion of the bank providing the mortgage. The appraisal fee depends on the size of the multi-family buildings and other considerations. The appraisal is directly correlated to the size of the building: the larger the building, the higher the appraisal rate.

Phase 1 environmental fee: Environmental analysis of the property and all surrounding uses or conditions to ensure that the property and its surroundings are not contaminated by past use of chemicals, oil tanks, and other hazards. In general, this fee is associated only with secured mortgages and not with conventional ones.

Inspection fee: The inspection fee includes a careful inspection of each unit in the building to make sure there are no structural problems with any of the units and the building as a whole. Inspection should only be done by a professional as problems missed by him can cost you a lot of money later to repair. The more units you inspect, the higher the fee the inspector charges.

Land Transfer Tax (LTT): This rate depends on the province in which the multi-family building is purchased. Specifically, if the property was purchased in Toronto, the land transfer tax must include Ontario LTT and Toronto LTT.

Legal fees and search for titles and disbursements: Each transfer must be legally reviewed by an attorney. An attorney is responsible for completing the transfer of the deed, preparing the mortgage, and conducting various searches, such as searching for the title.

Land inspection fee or title insurance fee: A recent home inspection is usually a requirement of the lender. If it is not available, title insurance can replace it.

Mortgage Application and Processing Fees: This rate depends on whether the mortgage is generally insured or not. If the mortgage is insured, the investor must pay both the insurance company (CMHC or GE) and the lender. CMHC charges the mortgage insurance premium and processing fee based on the amount borrowed and the repayment period. In addition to that, each lender also charges application fees. The lender’s application fee depends on the institution from which the money is being delayed.

Reserve fund: A reserve fund should be added to closing costs to ensure that in the first few years (before any cash flow has accumulated) there is enough money to spend in case “large item tickets” need to be fixed. . replaced, such as leaky roof, oven stopped working, etc.

It is very important that you seek out different professionals before deciding which one to choose. Your considerations when choosing should include price, reputation, and efficiency.

In conclusion, the total amount spent on closing costs can start from 2.5% of the purchase price and go up to a much higher amount depending on several factors, such as the amount deposited in the reserve fund, the province you choose to buy your investment property. in, etc.

Real Estate

FHA Reform May Change Your True Purpose

The House of Representatives passed the Expansion of the American Home Ownership Act of 2007 and most likely the Senate will pass it and the President will sign it after some minor adjustments. This is the largest change to the FHA that has occurred since its inception. If the House has its way, this would actually change the initial purpose of the FHA from an agency formed to help low-income households to an agency that helps nearly all Americans own and keep their homes.

Increased FHA loan limits

Why do I say this? The FHA has always been focused on helping poor, low-income areas afford homes. The new bill now before the Senate proposes increasing loan limits from $ 200,000 to $ 350,000 up to a maximum of $ 700,000 in areas with high median home prices. Personally, I do not know low-income people who own $ 700k homes, except for those people who lied on their loan applications and “declared” that they made $ 10,000 per month as a janitor at Wal Mart and actually got the loan. Fortunately, Bush has stated that he will not allow this to happen. It is intended to keep the purpose of the FHA intact. I think the Senate will do the same. Bush plans to keep the FHA loan limit at $ 417,000 or less. We should see each other very soon.

Removal of audited finance requirement for brokers

This is the second largest change to FHA. If the House passes this, it would open the door to approximately 90% of the nation’s mortgage brokers who were previously restricted from becoming FHA (loan correspondent) approved brokers due to the cost barrier. . Most people don’t realize it, but audited finances can cost anywhere from $ 2,000 to $ 20,000 for an average little broker to obtain. Audited finances required by the FHA must be completed by a CPA who has undergone a peer review and the minimum net worth must be $ 50,000 in accordance with the strict FHA net worth calculation guidelines. Now 90% of brokers who did not have the time, money, and resources to prepare audited finances can post a bond in lieu of audited finances. A surety bond is obtained through insurance companies and covers the consumer or third party in a transaction and is payable by the mortgage company if the state uses it to pay a consumer or third party. The new bill proposes a bond of between $ 50,000 and $ 100,000. Most analysts would agree that something similar to this will be in the amended bill when it passes the Senate.

What will be the effect of this bill?

Whether the FHA loan limit is raised to $ 700,000 in some areas or $ 417,000, the bill will drastically change the purpose of the FHA. Many people will look to the FHA as a place to obtain a loan that conventional lenders cannot provide. This is possible through FHA advance mortgage insurance that can reduce the risk of higher debt-to-income and loan-to-value ratios. We will also see a huge increase in FHA publicity when most mortgage brokers have access to be FHA approved brokers. Unfortunately, the House tends to think that this will be the solution to current market problems. This is a great start, but I think it will take a lot more than this to make an adjustment to all the lies and deception that have occurred in the last 5 years in the mortgage industry.

Real Estate

Knowing Your Judge in a Family Law Case in Essex County, NJ

The Superior Court of New Jersey, Essex County Family Division is the busiest family law court in New Jersey. The diverse county of Essex includes wealthy areas such as Short Hills and Livingston and poorer areas in Irvington and Newark. The court is located at 212 Washington Street in Newark, New Jersey. While there are many different types of family law cases in family law court, this article will focus on the judges in the Marriage Division that handle divorces and post-divorce actions.

Judge Nancy Sivilli is one of the oldest divorce / family law judges in Essex County. Judge Sivilli was a civil court judge before being transferred to the family division where she handles a very heavy file. Judge Sivilli is a neutral judge who understands both sides of the story, as she is married with children. While it is not essential for a family law judge to have children, I believe that having children gives you a different perspective than someone who does not. Judge Sivilli delivers the speech at the early settlements panel to inform litigants of their opportunity to settle their issues before having a trial.

The next judge is the Honorable Judge Donald Kessler, who has also been with the Essex County Family Law Bank for a long time. Judge Kessler is strict with the rules of the court, but he is a very kind and patient person. He does not tolerate yelling or other rebellious behavior in his court. He allows people to present their arguments one at a time, as a court should be and not like the Maury Show that some judges allow. Judge Kessler is a family man who truly cares about the needs of the children in each case above anything else.

Judge Michael Casale is the next judge to focus on matrimonial cases and he is a judge who I believe understands the rules of equitable distribution more than most judges. In a recent case, it ruled that the party who invested prenuptial funds in the conjugal home should recoup that portion of the principal before dividing what may be left. While other judges rule that once they invest money together, the money gets “mixed up” and the division of the money is lost. This last argument does not make sense to me in a court of equity. I agree with the methods and theory of Judge Casale.

Whether you have a case before Judge Sivilli, Judge Casale or Judge Kessler, Judge Neil Jasey, Judge Russell, Judge Adobato, the divorce process in Essex can be very lengthy due to the “war between Trenton and Essex “and the lack of judges assigned to Essex, which has caused a delay in the family court trial. While there is a delay, the good news is that these judges are very wise and manage their schedules quite well.