tag:blogger.com,1999:blog-2447438783001404385.post4808407620250877752..comments2024-03-28T15:14:44.293-05:00Comments on Jackson Jambalaya: Find the sloppy reportingKingfishhttp://www.blogger.com/profile/06184990110961727404noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2447438783001404385.post-38704112089475708352008-04-15T09:56:00.000-05:002008-04-15T09:56:00.000-05:00I want DeLaughter skinned alive if he indeed was o...I want DeLaughter skinned alive if he indeed was on the take but this story by Mitchell is crap. <BR/><BR/>First of all, he makes a big deal out of the authorities "obtaining a copy of his deed of trust". Oh really? Those are public record. Hardly the melodrama Mr. Mitchell makes it out to be. <BR/><BR/>Second, Mr. Mitchell did a poor job of research and reading. All he had to do was read the same deed of trust and it would've told him it was a CONSTRUCTION LOAN!!! NOW, THAT is the question he should've asked his little mortgage expert, which is is this standard. Um, yes, Jerry, which you should know if you've ever built or bought a house. <BR/><BR/>You get a construction loan from tohe bank. It is usually interest only and is a balloon. MOST such loans are for 12-24 months BUT a bank can do what it wants on these mortgages. What will happen is Judge Delaughter will refinance the mortgage into a conforming mortgage at probably a 15-30 year fixed rate. There is nothing sinister here about it. <BR/><BR/>Jerry, if you want to know about mortgages, ask a mortgage guy or better yet, email me on the side. I'll help ya and it will be just between us.Kingfishhttps://www.blogger.com/profile/06184990110961727404noreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-22387218538207423872008-04-14T18:21:00.000-05:002008-04-14T18:21:00.000-05:00"OK, why does Judge Skinner think that's so unusua..."OK, why does Judge Skinner think that's so unusual? It's a CONSTRUCTION loan! People always refinance those after completion. DUH.<BR/><BR/>No one in their right mind would service monthly payments in full on something not even finished yet!<BR/>DUH"<BR/><BR/>I think it's a shame they won't leave Judge DeLaughter alone. He has worked for many years, his kids are in public school (not private), and I'm sure he's saved enough money to buy whatever house he wants!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-56108880355644093482008-04-14T18:06:00.000-05:002008-04-14T18:06:00.000-05:00you are on the right track, sir.you are on the right track, sir.Kingfishhttps://www.blogger.com/profile/06184990110961727404noreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-36998867407181008452008-04-14T15:27:00.000-05:002008-04-14T15:27:00.000-05:00OK, why does Judge Skinner think that's so unusual...OK, why does Judge Skinner think that's so unusual? It's a CONSTRUCTION loan! People always refinance those after completion. DUH.<BR/><BR/>No one in their right mind would service monthly payments in full on something not even finished yet!<BR/>DUHAnonymousnoreply@blogger.com