Hi everyone,
I hope everyone had a good week. I started last week to post on plagerism since that is what we are studying in class. I have to say, all my life I have been plagerized, I figured it was just part of life or part of my job. I grew up with my mother always taking credit for everything I did, then I made the mistake of going to work for her. Well, of course she kept on taking my ideas as her own. Then when I went to work for my current boss, I was used to my bosses taking my ideas, but I did get upset when fellow employees took my ideas and letters, etc. I got to the point I brought my own computer to work and home everyday. (This was before laptops, I actually carried my desk top to work everyday, then took it home to play me games at night.) To this day I do not know what it would be like to get credit for my own thoughts and projects. Of course, if one of my ideas had a flaw, I got credit for that. *smile*. That's what they call life I guess.
Have a great week everyone, I will try to post during the week next time.
Tuesday, October 26, 2010
Tuesday, October 19, 2010
This has been a crazy week. It seems for every step forward I get in the work I have to do, I end up going back three steps. My situation is really kind of wierd. I do loans for manufactured homes. Since the decline in the mortgage business and the housing bubble collapse, selling anything is hard, getting financing is impossible. I remember it being this difficult only one other time, in 1990 and '91, when all the savings and loans back east went under from bad loans.
Well due to all of this, the boss I have had since 1996 is still determined to sell. He made arrangements with a couple of the parks we had filled with brand new homes, to work with them. We had these two parks almost filled with new homes until the 2008 problems with foreclosures. When the lenders started to foreclose in these parks, they were actually pulling the homes out of the parks. This leaves the parks with too many empty spaces, making the lenders leary of financing there again. Also it makes the comparable sales reports so bad that you can niot get financing there anymore.
So the deal was and is (although it changes daily) that we will find the buyers, actually our salesperson, Connie, will, I will do what I normally do, verifying the credit, debt ratio and getting explanations on their credit problems. I put the deal together, send it to my boss, and the two co-owners of the parks. I also work with escrow, and the park owners are financing the loans right now themselves. They are doing this to prevent homes from leaving the park as much as to increse their income in rents again.
But, like I said things change all the time. I spent most of the week getting loans reapproved that had already been approved. Then I go through this deal with the profit and loss sheets, the problems with the contractors, all the state regulations, escrow and I do the loan documents myself. It has been rough the last week or so. I get approvals one day, then turn downs on the same deal the next day, that same day I will argue it, get another approval, and who knows what will happen tomorrow. I got the profit and losses done, the deal ready to close escrow, then one of the owners calls today and wants to go over the entire P & L again, trying to somehow get around having to put money into escrow to close the deal. He should have done that when he bought the home and there were six years of back taxes to pay.
It really bothered me, I guess, so much today, because everytime I turned around my phone was ringing, my e-mail filling up and on and on. They all know that Tuesdays I do not work. This gig was supposed to be a part time thing anyway. Now I work more than 50 hours a week. But they know that I have certain days I have to put aside for school, and this last week no one at all respected that time.
Anyway, I guess that is my rant for today, I have a lot of work to catch up on tomorrow and then of course I have two seminars also. It is a good thing I am single and my kids are grown and do not live close to me, I have no time for anyone else. Not even for myself a lot of the time.
Here's to having a better week and I hope everyone out there has a great one. *smile*
Well due to all of this, the boss I have had since 1996 is still determined to sell. He made arrangements with a couple of the parks we had filled with brand new homes, to work with them. We had these two parks almost filled with new homes until the 2008 problems with foreclosures. When the lenders started to foreclose in these parks, they were actually pulling the homes out of the parks. This leaves the parks with too many empty spaces, making the lenders leary of financing there again. Also it makes the comparable sales reports so bad that you can niot get financing there anymore.
So the deal was and is (although it changes daily) that we will find the buyers, actually our salesperson, Connie, will, I will do what I normally do, verifying the credit, debt ratio and getting explanations on their credit problems. I put the deal together, send it to my boss, and the two co-owners of the parks. I also work with escrow, and the park owners are financing the loans right now themselves. They are doing this to prevent homes from leaving the park as much as to increse their income in rents again.
But, like I said things change all the time. I spent most of the week getting loans reapproved that had already been approved. Then I go through this deal with the profit and loss sheets, the problems with the contractors, all the state regulations, escrow and I do the loan documents myself. It has been rough the last week or so. I get approvals one day, then turn downs on the same deal the next day, that same day I will argue it, get another approval, and who knows what will happen tomorrow. I got the profit and losses done, the deal ready to close escrow, then one of the owners calls today and wants to go over the entire P & L again, trying to somehow get around having to put money into escrow to close the deal. He should have done that when he bought the home and there were six years of back taxes to pay.
It really bothered me, I guess, so much today, because everytime I turned around my phone was ringing, my e-mail filling up and on and on. They all know that Tuesdays I do not work. This gig was supposed to be a part time thing anyway. Now I work more than 50 hours a week. But they know that I have certain days I have to put aside for school, and this last week no one at all respected that time.
Anyway, I guess that is my rant for today, I have a lot of work to catch up on tomorrow and then of course I have two seminars also. It is a good thing I am single and my kids are grown and do not live close to me, I have no time for anyone else. Not even for myself a lot of the time.
Here's to having a better week and I hope everyone out there has a great one. *smile*
Tuesday, October 12, 2010
Introduction and welcome
Ok, I am redoing this entire post. I did it the first time and it did not post. Ok, so here I am writing a blog, this from someone who swore she would never write anything again. Many, many years ago I used to write a lot, but then I found out there are some people out there who will take your words, twist them, and use them against. I never wrote again, and now I am writing for the whole world to see.
Ok, let me explain about the name of my blog, quagmire. I feel every day of my life like I am in an impossible situation of one kind or another. This is with my professional life, of course with my work life, I have no personal life. You would think that working lwith lenders and clients to obtain home loans would be a fairly simple job, and an 8 to 5 job. Well, not in my case. There are a lot of nights that I am answering my phone at 11:30 pm or later for either my boss or a salesperson. I guess I could use this as an excuse for being single, but to tell you the truth I just like being single. I have been since 1987, I talk now that I am so set in my ways that I could not even compromise with the remote control for the TV.
I have been with the same boss (not the same company) since 1996. Everyone says we are like an old married couple, figuring his wife has been with him maybe 6 months longer than me, I guess we are. We do at least bicker with each other the same way, day in and day out. But at least he understands me. As we both say, I do not work for someone, I will work with them, and he respects this to some degree.
Well, I am not sure what direction I may go on my blog. Since I have not written in like forever, I guess I will see where I go from day to day. I first have to get used to expressing myself again. I might even get into some political speak. Although, I have to admit, growing up I was always told there were two things you never talked about in public, politics and religion, we have come a long way from back then. Anyway, we will see how this goes, I have to go for now, will chat later.
Ok, let me explain about the name of my blog, quagmire. I feel every day of my life like I am in an impossible situation of one kind or another. This is with my professional life, of course with my work life, I have no personal life. You would think that working lwith lenders and clients to obtain home loans would be a fairly simple job, and an 8 to 5 job. Well, not in my case. There are a lot of nights that I am answering my phone at 11:30 pm or later for either my boss or a salesperson. I guess I could use this as an excuse for being single, but to tell you the truth I just like being single. I have been since 1987, I talk now that I am so set in my ways that I could not even compromise with the remote control for the TV.
I have been with the same boss (not the same company) since 1996. Everyone says we are like an old married couple, figuring his wife has been with him maybe 6 months longer than me, I guess we are. We do at least bicker with each other the same way, day in and day out. But at least he understands me. As we both say, I do not work for someone, I will work with them, and he respects this to some degree.
Well, I am not sure what direction I may go on my blog. Since I have not written in like forever, I guess I will see where I go from day to day. I first have to get used to expressing myself again. I might even get into some political speak. Although, I have to admit, growing up I was always told there were two things you never talked about in public, politics and religion, we have come a long way from back then. Anyway, we will see how this goes, I have to go for now, will chat later.
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