W. J. Mencarow

New Govt. $ Grab — Extra Tax On Vacant & “Under-occupied” Homes

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” — Ronald Reagan The government can never get enough of your money, and the argument is always that it’s for the common good. …

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Most Frequently Asked Questions About HOA Super Liens

We have heard far too many incorrect assumptions from servicers about how various rules will be applied to liens placed by Homeowners Associations (HOA) and Condo Owners Associations (COA) that we feel compelled to set the record straight. The most erroneous assumption is that these rules do not threaten servicers’ lien position, and therefore they …

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Trump Already Moving To Dismantle Dodd-Frank

WASHINGTON, Nov. 11, 2016 — Donald Trump has taken the first step to fulfill his campaign promise to “dismantle” Dodd-Frank and the Consumer Financial Protection Bureau.  He is considering one of the leading critics of Dodd-Frank on Capitol Hill, Rep. Jeb Hensarling, as Treasury Secretary. Mr. Hensarling last year laid out a blueprint for replacing Dodd-Frank …

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The End Of The CFPB?

The Consumer Financial Protection Bureau is likely to be reigned in if not rendered impotent or even abolished under President Trump.  He has said he would come “close to dismantling” it along with Dodd-Frank.  That is good news for small business, consumers, the economy in general — and note investors. The CFPB is the brainchild …

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Are Those Who Ignore The Time Value Of Money More Likely To Be Criminals?

It’s rare for a morally upright person to erupt suddenly into a crime spree. Instead, a first-time offender usually has a history of problematic behavior. But what type of questionable conduct early in life reliably predicts criminality? One answer, as a recent research paper shows, is heavy “time discounting”—that is, the tendency to value something …

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Attn Note Holders: State-By-State List Of Limitations On Collecting Debt

If you have a non-performing note collateralized by real estate in Kentucky, congratulations!  You have up to 15 years to sue the debtor. Once a debt passes beyond the statute of limitations of a particular state, you cannot sue the debtor for payment.  So if you own notes, you need to know the laws of …

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