Jump to content

Recommended Posts

Posted

lol....guess his career in stand-up didn't exactly take off.

Posted

I don't get it. He bought a house and now the land around him is worth more so he to get another mortgage? WTF is this dude talking about?

Posted
I don't get it. He bought a house and now the land around him is worth more so he to get another mortgage? WTF is this dude talking about?

710412[/snapback]

 

He has a land contract.

 

Brief explanantion here.

 

In most cases, no grant deed is recorded. The buyer rarely obtains a new mortgage loan at the time of purchase. Instead, the new owner makes payments to an intermediary, who then makes payments on the seller’s mortgage, which is still in place.

 

Keep in mind that such an agreement usually violates the lender's guidelines. If the lender becomes aware of a transfer of title on the property (which is why you usually don't record the grant deed), they can exercise the "due on sale" clause of the note. This would require you to refinance the loan or sell the property. Since many who buy on land contracts have problems qualifying for a mortgage, you can see how this can lead to problems.

 

 

 

And so kiddies, one now understands why land contracts suck

Posted
He has a land contract.

 

Brief explanantion here.

 

In most cases, no grant deed is recorded. The buyer rarely obtains a new mortgage loan at the time of purchase. Instead, the new owner makes payments to an intermediary, who then makes payments on the seller’s mortgage, which is still in place.

 

Keep in mind that such an agreement usually violates the lender's guidelines. If the lender becomes aware of a transfer of title on the property (which is why you usually don't record the grant deed), they can exercise the "due on sale" clause of the note.  This would require you to refinance the loan or sell the property.  Since many who buy on land contracts have problems qualifying for a mortgage, you can see how this can lead to problems.

And so kiddies, one now understands why land contracts suck

710440[/snapback]

 

Thanks for the info. So basically he made a bad decision and now he his trying to blame everyone but himself.....shocking.

Posted
Thanks for the info. So basically he made a bad decision and now he his trying to blame everyone but himself.....shocking.

710523[/snapback]

I wouldn't really say it was a bad decission, just a desperate one

 

The guy may have been famous as a child actor, but I feel for him a little bit, his parents screwed him over badly with his money he made, he basically had nothing from the many years he worked on Saved by the Bell because his parents took it all. Basically they got greedy and thought they had the right to take his money and left him pretty much nothing.

 

I don't know, Maybe the Zack Attack could get back together and do a benefit show for him

Posted

What a tool, who was on a crappy show 15 years ago. Now he has the nerv to ask people to donate for his cause. I got some causes of my own here want to pony up. What a deusch bag. Get a life screech.

Posted
I wouldn't really say it was a bad decission, just a desperate one

 

The guy may have been famous as a child actor, but I feel for him a little bit, his parents screwed him over badly with his money he made, he basically had nothing from the many years he worked on Saved by the Bell because his parents took it all. Basically they got greedy and thought they had the right to take his money and left him pretty much nothing.

 

I don't know, Maybe the Zack Attack could get back together and do a benefit show for him

710533[/snapback]

 

Why don't they just start a "Saved by the Bell, The Bankrupt Years"?

 

I would watch it without a doubt. I still watch the reruns. 8 AM everyday on TBS.

Posted
Why don't they just start a "Saved by the Bell, The Bankrupt Years"?

 

I would watch it without a doubt.  I still watch the reruns.  8 AM everyday on TBS.

710589[/snapback]

 

The girls will be doing soft porn and the guys will be selling stupid t-shirts on the internet.

Posted
What a tool, who was on a crappy show 15 years ago. Now he has the nerv to ask people to donate for his cause. I got some causes of my own here want to pony up. What a deusch bag. Get a life screech.

710544[/snapback]

Please. It's "douchebag."

 

Mingya!

Posted
The girls will be doing soft porn and the guys will be selling stupid t-shirts on the internet.

710601[/snapback]

i think they covered that in season 4...

×
×
  • Create New...