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有德者居之﹐勞力士歸您

Don't You Think You Deserve to Have a 18K Platinum Rolex Watch?

Obama is another Pres. Carter

(This is the unused Rolex watch, if not brand new, I got for my own reward. How do I do it? )

Fw: Land contract for **** S****t **** Drive 

Sunday, January 18, 2009 5:52 PM From: "E T" Add sender to Contacts To: F****@aol.com Message contains attachments LAND CONTRACT0001.pdf (54KB), LAND CONTRACT0002.pdf (73KB), LAND CONTRACT0003.pdf (72KB), LAND CONTRACT0004.pdf (51KB), LAND CONTRACT0005.pdf (27KB)

Dear Michael,  

Thank you for your contact.  

I love your business logo: "Creative People With Creative Solutions."  Cross my hands to pray for our poeple's expectation toward Obama's hope, right before his inauguration.  May God give him the wisdom to deal with the current economic hardship, even I don't see it so far.  Sometimes, high-ranking politicians don't know nothing about the basic and simple economic practice and mess it up all the way wrong.   Don't blame them since we don't see too many people like Adam Smith, Karl Marx, and John Maynard Keynes in our human history.     

I am a very creative person and do business on the basics.  In 2004, I sold out all my real estate holdings in California and I decided to give myself a retirement.  It has been 5 years since I last worked.  In mid-1990, I saw an excellent opportunity in making money in real estate.  Now it is an once-in-a-life time that the boat is coming back and approching your port for you to make a lot of money in real estate. 

A lot of opportunity are waiting for us to explore if you are creative enough and have the knowledge to see them.  However, I fully understand not too many people can see it.  It is just our human nature or inertia to sit there seeing the boat departing again.  We don't want to be left alone and naturally follow "herd mentality" to play safe.  Even now I can see a lot of properties are so cheap in California that housing price goes back to 1993, still few people can buy them due to our financial sector's current overreaction to subprime loans and option loans.  It seems a catch-22 situation exists that has created a vicious circle effect to our economy, under the blindness of our bureaucrats.  

Well, I don't assume anything when I do business.  We have our freedom to write up a legal contract within the law.   Using my education in legal science and actual expertise on real estate in which I taught California real estae laws to those licence applicants when I run my brokerage and appraisal firm in SoCal, I still have the liberty to do the two options given by Texas laws: 1) to declare a "forfeiture" and not go thru a non-judicial foreclosure which takes a shorter way to take my property back under the guideline of Texas laws; or 2) go for a non-judicial foreclosure, soley at my discretion.  

In fact as you assumed, I did use a California Land Contract form as my draft or outline; and combined my knowledge on Texas Property laws (it is so different from CA.  A Texan landlord may have the right to cut off his tenant's utility, don't you dare to do that in CA?  You will be heading for jail as soon as you've it done in CA.)  to write up the Land contract involved in this transaction.  Maybe you are right about my usage of TD and NOTE to secure my sale, but I reserve the right to declare "forfeiture" as a car repo; and also, I stay as the legal owner until the loan is paid off and my Vendee has his right as an "equitable owner."   

Enclosed herewith is a copy of the Land Contract I got from a county recorder clerk, for your reference.  (Here you can see my creativity.   Yes, people use street address or mail box, since when you see a recorded deed using an email address?  Who says we can't use it in internet age?  See the clerk contact me by it, right?)   I also took the liberty to do all the paper works to complete the transaction without any title company or escrow involved.  My buyer appreciated what I did to save transaction fees of thousands of dollars.  All my buyer paid is just $52 to record the needed deeds by laws ( in addition, my buyer paid $707 of preminm to my State farm agent for home owner and lien holder insurance.)  

Who says we need those middleman's service?   Please feel free to contact me if you have any question about the Land Contract or Note.

 

VERY CAUTIOUS NOTE:  Please don't do all I did if you are just functioning as an agent in a transaction.   As a seller, I am a principal who has the constitutional right and freedomm to write up his contracts.  But as an agent, you may run into a WRONGFULLY PRACTICING the law.  Certainly, there is a way to by-pass it if you do "paralegal" service.  But check your state law or regulations if you would like to provide the FULL SERVICE as an agent.

 


雲遊去了﹐有緣自聚

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From: "E T" @yahoo.com

To: "donald" <@gmail.com> Message contains attachments PIC00001.JPG (283KB), PIC00002.JPG (212KB), PIC00003.JPG (202KB)

Hi! Don, It is a long story. About 2 and half months ago, the buyer came to me and said "I have been looking for a home for the past 6 months.  Yours is my dream home." 

The problem is he is unable to come up with 10% downpayment at the time I insist on (It is incredible to see that so many people want zero down, low down or lease option.)  However, he does own some valuableses.  He said that he would like give me his unused 2004 Rolex watch which he paid for $16,000.00 two years ago; and I have to pay him the balance (minus my minimum downpayment of 7,500.00.)  I said I might take it in as a trade for $5,000.00 and he has to come up with the balance to meet the downpayment.  Finally, he said he would talk to the Florida dealer from whom he bought the watch.  The dealer promised to give him $11,000 for the trade in a week and he sent the watch to him. 

To make it short, the deal didn't go through and the watch came back to him.  This time, we are serious.  I agreed to sell the house, but I am not going to pay all the transaction fee or expenses involved in the transaction, since I am not getting any money out of it.  So, the watch was trade in for $12,000 and he agreed to pay cash of $2,000 as down payment plus he will pay all the closing costs (that ended up for $762: county recording fee of $52 and home hazard insurance of 707). 

The Rolex watch is 18K white gold.  I really have no use or need to have a luxury Rolex; and a $6 Walmart watch is too good to me.  At the time we made the deal, I was provided by the buyer his purchase invoice of $16,000.00 from the dealer.  I checked the watch, all the original box and authentication document.  I believe the watch is unused. 

Now, I know its value is more than double for what I paid by the trade if it is a real one.  The Rolex MSRP is $27K something, the Stein Diamond store in CA offers it for $23,000.00 online; and there is a USED one in Ebay asking for $17,000.00. Well, that is the story. 

If someone wants it, I will let the Rolex go for $15,000.00 that is even better than the E-bay used one, since I have no use of it, even it is so perfect that some dealers call it "mint" or "like brand new" condition. 

Give me your pennies. 

ET

--- On Mon, 1/19/09, donald <do@gmail.com wrote:

From: donald
Subject: Note # 111386
To: @yahoo.com
Date: Monday, January 19, 2009, 8:56 PM

Ed, One of the investors has a question for you. How was the down payment made. Thank You

Don

 


PIC00001.JPG PIC00002.JPG PIC00003.JPG

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呵呵! 太公:
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Don't slap on Obama's face
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麥芽糖

stock

price $ change% change
Dow 7,949.09down-332.13-4.01

Very good day for the New York Stock to welcom Obama's presidency.   Why the Dow lost 4% in one day and dipped below 8,000 points the first time in so many years I've ever seem? 

Common, don't slap on Obama's face on his glorious inauguration day.  Give him a little bit of trust, even you know lip service is of no use!

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誰都會說『危機就是轉機』﹐就只不過嘴巴說說而已
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麥芽糖

Why Michael contacted me? 

Simple, he would like to buy my Land Contract.

I have got more than 10 inquiries about the Deed in a week and one made me an offer.  Who says the market is dead or freeze?  Please take a real action to understand the difference between the "public" economy and the "private" economy.

Why I mentioned a Rolex watch in this transaction?  It is very interesting part of the fun.  I will talk to you about it later.  It is all about "creativity" on which people is talking all day long, but really do not mean it.  You can better know the meaning of it by first seeing the nature of a trade (who says we need money or cash to make a transaction?  Almost the bankers or institutional big guys eye on one thing only: Cash.  That is a tradition of modern society: No down payment, No loan; No loan, No deal; No deal, No business; No business, No profit; No profit, No stock up; No stock spike, No economy revitalization; No economic revitalization, No job; and the lists can keep go on forever.

But, are you sure about all of it and we have to go through all this? 

Wrong to me.  We don't have to act as a dog chasing his tail around, without results.



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