May 17, 2011

Insurance Claims: Nightmare’s await Homeowners

by The Raleigh Mortgage Guy

Your home has been damaged by a tornado, flood, a tree fell on it in the recent Hurricane. Or as in my case when Mrs. Cobos  left the water in the upstairs bathroom running and flooded the second floor causing water to seep through to the ceiling below.

Tree Falls on House and Destroys it - Storm Damage - Raleigh North Carolina 2011

Storm Damage from April 16th Tornado in Raleigh

You’ve settled your claim with your home owners insurance agent and you have an insurance settlement check but it’s made out to you and your mortgage company;

How do you cash your Homeowners Insurance Claims Check to Pay for the Repairs?

Since the storms that rampaged across the country  in April  and May I have received numerous   calls from customers of the bank where I work requesting assistance processing insurance claims checks in order to pay for storm damages to be repaired. Hence this post for those who have questions about the process. read more »

May 30, 2012

a pho-nomenal competition

by The Raleigh Mortgage Guy

Reblogged from Scintillating Simplicity:

Click to visit the original post
  • Click to visit the original post

I have a confession. I currently have 70 {yes, 70!} half-written blog post sitting in my draft folder. Yikes. One that I’ve been meaning to write since last July was where to find the best hole-in-the-wall ethnic food in Raleigh.

My buddy and I made plans to get take-out Pho {Vietnamese soup} the other night. As we were driving up Capital Blvd and deciding which Pho restaurant to go to, we decided to get a dish from each place and pit them against each other in a super-intense food competition.

Read more… 344 more words

I'm always on the lookout for great food in Raleigh from around the world and Vietnamese is one of my favorite, thanks to Raleigh Blogger Cristina Roman for this great post!
May 28, 2012

Quality of Life in Raleigh

by The Raleigh Mortgage Guy

By now you have probably come to learn that there are many great reasons to call Raleigh, North Carolina home. Whether you are seeking better job opportunities, fleeing oppressive tax rates in New York and New Jersey, sick and tired of the crazy heat of Florida summers or seemingly endless winters of the Midwest, Raleigh has something for everyone.

Forbes:  ”The Best Places For Business”  - Raleigh, NC

After calling Raleigh home for nearly five years, myself an economic refugee from Michigan, I have discovered that Raleigh indeed offers all of the above, including a vibrant arts scene, great dining and otherwise abundant quality of life. In fact, the Greater Raleigh Chamber of Commerce recently conducted a survey of newcomers (people who have relocated to Raleigh within the past three years) with children, of those respondents, 92% affirmed their decision to relocate their family to Raleigh by asserting that if given the choice they would make the same decision again. That’s a pretty strong endorsement when you consider that most people with children prefer to live near their extended families for support.

read more »

March 29, 2012

Market Commentary – Thu, Mar 29

by The Raleigh Mortgage Guy

Market Commentary – Thu, Mar 29 – 11:33 AM ET

The Labor Department reported this morning that Initial Jobless Claims fell by 5,000 in the latest week to 359,000 but above the 350,000 expected. The previous week’s numbers were revised up to 364,000 from 348,000. The 4-week moving average, which smooths out any abnormalities, fell 3,500 to 365,000.  read more »

March 28, 2012

Employment/Income Fraud Risk Index highest for investor loans and high value properties

by The Raleigh Mortgage Guy

Image representing Interthinx as depicted in C...

Image via CrunchBase

Interthinx has released its annual Mortgage Fraud Risk Report , which highlights some of the most significant mortgage fraud risk trends based on analysis of loan applications processed in 2011 by the Interthinx FraudGUARD ® system. According to the annual report, the Employment/Income Fraud Risk Index rose 14 percent during 2011 and has been on an upward trend for more than two years for a total increase of more than 45 percent. The Employment/Income Fraud Risk Index is particularly high for investor loans with an index of 310, which is almost three times the overall index value of 111 and is highest for high-value properties.

More detailed points highlighted by Interthinx analysts include the following: read more »

March 27, 2012

How to protect your Credit from Identity Theft

by The Raleigh Mortgage Guy

In my free time I enjoy riding my Felt road bicycle. There is a cliché amongst cyclists, “there are two types of bikers, those who have crashed and those who haven’t crashed yet”. The same can be said about identity theft. It seems like once a week I read headlines such as Sony Hackers Claim to Have Credit Cards, and, Senate panel quizzes IRS on tax-return identity theft.From what I can tell there are no indications that identity theft will decline anytime soon either.

read more »

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