There’s always something to howl about.

Category: Dirty Laundry (page 7 of 9)

Got a question or a doubt about BloodhoundBlog? Ask Greg Swann by email or use the “Ask the Broker” button. We’ll dish us the dirt here.

My own little gift on Christmas Eve: I’ve discovered a way that a contributor to BloodhoundBlog can get fired…

I would ask, is this sick-making to me alone? — but I heard about it from a nauseated reader before I had seen it myself.

We don’t take any money out of this site at all, not even Amazon affiliate fees. I don’t want for anyone reading BloodhoundBlog ever to doubt our integrity.

I am repelled by advertising on real estate weblogs, but taking in-kind bribes for pimping vendors and their dubious wares is simply corrupt.

Until today, there were no rules for BloodhoundBlog contributors — if for no other reason than because it had never occurred to me that anyone could do something this disgusting, much less celebrate it. Today we inaugurate our first rule:

If you write for us and if you have taken bribes in the form of cash or merchandise from a vendor, please send me your resignation. If I find out that any BloodhoundBlog contributor has taken bribes from a vendor, I will fire you on the spot. I love having our contributors here, but we each one of us have to be above reproach, now and always. This is the way I built this place, and thus it will remain, even if I have to go back to writing alone.

The one bright spot in this, for me, is that not one of these jackals made their bribe offers to me.

Un-frolicking-believable…

I have two more posts scheduled for the day, but I’m so angry I could spit. I’m going to mix myself a drink and toast, one by one, the people I know for sure I can trust.

In Like A Lion – Out Like A Lamb – 15 Minutes Of Fame Is Almost Over

Infamous Real Estate Investor Casey Serin Puts His Web Domain On Ebay

Many of you might remember Casey Serin from a few years ago – a young man who watched too many late night infomercials and bought too many courses from gurus who taught the so-called “secrets” of making the big bucks in real estate – a young man who ventured out and purchased and eventually lost some eighteen or so homes, many of them to foreclosure. He went from zero to negative hundreds of thousands of dollars in no time flat.

Casey was quite the character with his online accounts of his impending doom on his blog Iamfacingforeclosure.com – a blog where he chronicled his dealings on selling his houses by short sale before the lenders foreclosed on them – to an audience of not-always-so-adoring fans who would post some rather scathing comments on his blog with great regularity. His day-to-day existence was a source of vicarious pleasure for many – a lot like witnessing a train wreck in slow motion.

His blog provided such a detailed account of his obvious repeated instances of mortgage fraud that it ultimately had to come down, it was just a matter of time.  Oh there’s much more to that story – you can Google it – and to be honest, I’ve forgotten the bulk of it already. Honestly, I thought Casey was off the stage. For good. Forever.

He has gone through some various machinations chronicled in Wikipedia – and his last gasp of public persona might be the sale of the domain that he set up ostensibly to blog about penny stocks, as evidenced by his listing on Ebay. I guess when you’re no longer detailing your crimes in real-time, nobody really cares anymore.

Casey’s tale of woe was the type of a story that needed a Howard Beal kind of crescendo and ending – perhaps streaming video of the Feds breaking into his apartment to take him away Elian Gonzalez-style, or something else equally as riveting and bizarre.

No, it’s finally over for Casey. He rode that pony of fame for all that it was worth – Read more

Praise the lord and pass the ammunition; I am Joe the Plumber and another perfectly good election year is ruined by politics.

My turn.

I feel compelled to try to make some sense of politics in public. Am I not a blogger? And this being a big bad ass blog on which I can write anything that tickles my fancy, and yes my fancy got tickled by this election, I’m going to give it a shot.

So okay then. Thanks for that.

I’m looking back at the year. I love a good political year, and in January I figured this would be a damn good one. The Republican nomination was up for grabs, I love it when that happens, and the Democrats had some history making candidates, but most importantly, my kids were paying attention, and for that I thank Barack Obama. He wasn’t a grumpy old man, he was young and energetic and hopeful and he knew how to give a rousing speech. I think hope is good. I think eloquence is good. I think both together are very good.

Then John McCain chose Sarah Palin as his running mate, and I thought it was interesting, if nothing else. History is being made and I’m living to see it. I was hopeful that Palin would bring something different to the table this time around. I had hope that this election, these candidates, this new media world, this go ’round, we might see an elevated campaign. A campaign that followed the high ground and brought the dignity and integrity that We the People deserve.

Alas, and alack, it’s not to be.

I’m uninspired by John McCain and anything I’ve heard him say. Palin is, ya know, Jane Six Pack. I worked with her, at least I think it was her, during elementary school PTO fundraisers, you betcha! She’s not without charm, and she’s a she, but mostly that ticket is kinda more of the same, only not, only yeah, it is the same.

Biden. Well I must admit that he’s not let me down because Joe’s been Joe since I was a sprout, and he’s definitely Joe now, only he’s not a Joe the Plumber kind of Joe. No, Biden is a Joe the Politician kind of Joe. Read more

Mortgage Market Week in Review – to Bail or not to Bail?

Yikes, every week it’s getting more and more challenging to lay out for you what’s going on in the markets.   Hopefully it will get easier, but I’m not really sure that it will for a while.  So what are we going to talk about this week?   This week it’s about the proposed bailout, the biggest bank failure in the history of our country, and a few thoughts from Dick DeVos (huh – trust me, it will fit in later).

The bailout – $700,000,000,000.00. That’s how much money the Treasury wants to have to bail out the troubled financial institutions.   What do they want to do?   Here it is in a nutshell:

  • They want to buy approximately 5% of the mortgage backed securities (presumably the worst ones) from the banks and investment institutions.
  • Why?  The theory is that if they take those loans off their books, that will free those institutions to start lending again (start loading up their books with better loans this time.)
  • Do we have any guarantee that it will work?   Nope, the only guarantee we have is the word of Treasury Secretary Paulson and Fed Chairman Bernanke, both of whom are very smart but both of whom have been wrong on numerous occasions as the credit crisis has spread.
  • Would the tax payer end up paying for the entire $700 Billion?  Long term, probably substantially less than that because, depending on how the portfolio gets managed, because these loans are backed up by assets (houses) and the value of those won’t go the way of Washington Mutual stock and become worthless.
  • Will banks immediately turn around and start lending more to others?   That’s a question that we don’t know the answer to.
  • I read an article this morning that said that the Central Banks might actually be making the problem worse.   How so?   They keep pumping more money into the system and that is making it easy for banks to borrow money from the Fed so they don’t have to borrow money from each other and that has put a squeeze on the normal credit markets.   Interesting Read more

Notes on Inbound Link Text

I broke my blog a few weeks ago and it proved something pretty interesting about Google.  The lesson behind that experience can help you bring in higher quality visitors from search engines.

Fixing my mistake was simple since I’d just put a semicolon where it didn’t belong, and while the error was ugly, my site was back to normal in about a minute.

But sometimes coincidences happen, and while my site was belly up talking about some PHP parse error, Google’s friendly spiderbot came crawling by to pick up its latest snapshot of my site.  Oops!

So, normally, a search for “silicon valley real estate” shows my entry like this:

And, for the next day or so, it would look like this:

After reading the ugly description text, I put my eyes back in their sockets and thought about the title text.  I never use the phrase “steve leung silicon valley” on my site and my title tag at the moment was something like “Unexpected Error”.  But I knew, like the Erics have mentioned on BHB before, that Google gives a lot of weight to what people link to you say.

It takes those links so seriously, that it will literally use their text in its own search results if your site loses the plot for some reason.  Which shows how important other people’s links to you are.

How do I know people used that phrase to link to my site?  In this case, Google Webmaster Tools.  You won’t use it everyday, but it’s indispensable for a few reasons.  The most important is that it gives you insight into the great undocumented void of how Google sees your site, and if you have any technical issues that will prevent you from getting indexed correctly in their search engine.

In fact, Google Webmaster Tools has evolved to a point where it will flag issues that aren’t purely technical, like repeated titles.  This happens a lot with WordPress blogs which use the same title any time there’s pagination.

It also gives you the ability to communicate with Google if you really need to.  I once bought a domain name from someone who’d Read more

Going to ground, clearing cobwebs, finding balance: I’m back in the saddle again.

I know when my life is out of whack when I lose things. I’m a great organizer, but not on a day-to-day basis. Daily, things pile up: Paperwork, bags of unloved clothes for Goodwill, the experiments in microbiology that grow in my refrigerator. Day by day, things are no longer where they should be and I’m misplacing those pesky emergency medical forms for school, or a magazine article I wanted to blog about, or a receipt for a lamp that I want to return. Then, quite suddenly, or so it seems to me, I’m losing big things: My camera! A credit card! A potential client! Danger! Danger! Now it’s time to stop and regroup, and so I’ve gone to ground for a few weeks.

I love the term “gone to ground”. It’s usually in reference to the hunted burrowing into their holes to avoid being killed, and that seems appropriate to my situation. I wonder what rabbits do when they go to ground. Do they tidy up a bit? Take a nap? Make more rabbits? I was spinning my wheels, overwhelmed by unproductive minutiae and unable to accomplish meaningful (income producing) work, so I took some time to refocus my attention.  The bad news is that my staycation lasted much longer that I thought it would. The good news is that I accomplished much more that I thought I would.

All refrigerated biology experiments have been duly noted and concluded. We now have a remodeled bathroom, and our household files have been purged and tidied up. Both kid’s bedrooms have been cleaned and sanitized. One high schooler started the year uneventfully, and one has finally finished high school (we hope) with an indifference that is matched only by my frustration with his public school experience. Closure. Moving on.

Brad Coy felt stuck. I was spinning my wheels in unproductive navel gazing but didn’t realize it until things disappeared and I got buried. I needed to take the time to focus on a lot of little things which piled up to a really big thing which was standing in the way of me getting anything Read more

More Baseball Stuff: Steroids & Subprime.

image

In 2003-05, we had the boom.   We all know that now, and it basically is what it is.   The picture links to the (in)famous TIME magazine cover story “Home Sweet Home,” where the ‘boom was on,’ and the whole of the market was talked about.   There was a little bit of a caveat in that piece but not much.  The message was: thank God for Housing, because without it, the Bush recession would be a reality.   Lenders, Lend, Realtors Sell, and everyone take advantage and drink from the neverending fountain of wealth.

The bubbletalk had been swept under the rug, and we ALL were selling and we ALL were happy about some good news to take place of the dot com bear market that we’d experienced.   We had a sacred duty to produce and keep spending, and encourage everyone to do the same thing.  We were honored as post 9/11 patriots.  .  Everyone loves a winner, and this industry was winning.   Nevermind the fact that anyone who took up space could get a great rate on their mortgage—Realtors were actually gaining in esteem.

The 100% investment loan was available to anyone with a 620 credit score.  And Barry Bonds hit 73 home runs.

Everyone looked the other way and pretended the future wasn’t coming. 

imageWe’ve talked a little about baseball lately, let’s turn the WayBack Machine to 1998.  Remember when Barry, Sammy and Mark were heroes?   Mark and Sammy saved us all from the strike, and made baseball fun again.   We got to watch everyone send 500 foot moonshots off of expansion diluted middle relief pitching, and it was good.

The thrill of that summer is still unforgettable, when BOTH Sammy and Mark broke Marris’s longstanding record and were briefly tied with 62 home runs, we were all enthralled.  The very Ruthian nature of their achievement made it a joy to resume our love affair with baseball.  Mark and Sammy hit 70 and 66 home runs that year.  Ken Griffey Junior’s 56 was an afterthought.   

Ten years ago, these achievements Read more

The Buck Stops Where?

Ya know – I’ve decided that I want run for Congress – my dilemma: overcoming the paradigm that one aspires to move up and not – um – down. BUT! Just think of all the fun I’d have riding the train under The Capitol – sitting in convertibles waving at my constituents in parades, playing golf with my lobbiest “buddies” – Ahhhh – what a LIFE!

Honestly, though – I think the best part would be sitting in commitees and writing legislation. Imagine sitting in a big room covered in mahogany wainscoting, sitting in a cordovan leather highback chair behind the massive, hand carved desk with my BIG brass name tag in front of me -I might even have a microphone in front of me. My voice would boom while speaking down to the little peop – er – constituents – um – not MY constituents, but constituents nonetheless.

My esteemed colleague would be standing behind me whispering where the guys were going to meet up for drinks after the hearing while the pathetic homeowner in front of me goes on and ON AND ON about how some slick mortgage broker sold him a bill of goods and now he can’t make his mortgage payment. But I feign to listen because it’s only for a few hours and then I get to ride the under ground train with my buds ‘cuz tonight I’m drinkin’ and schmoozing with da bankers!

Just think about it! I’d get to drink single malt scotch while Jimbo Biggidy Big Banker throws his arm around my shoulder, pulls me aside – walks me out on the patio at The Capital Grille, hands me a cigar and tells me that those wacky Wall Street boys – ha ha – you know the type – custom shirts and suits from Hong Kong – well they really blew it. Look at ALL that hell they’ve caused.

Jimbo likes to talk in the third person.

Tommy – Jimbo’s bank is losing money. How was Jimbo supposed to know that people weren’t going to be Read more

Project Bloodhound: Great debaters: Making the most of comments with conversations, and controversy

My family’s heritage is German/Austrian on one side and Irish on the other, and I like to romantize that mix by thinking it’s a perfect blend that makes us both strong and passionate. Some of my favorite memories are of family get togethers over dinner. We talk through the dinner, we clear the dishes and spend an hour or more talking, sharing, discussing, arguing, laughing, loving, enjoying each other for the different views and voices we bring to the table. Everyone is welcomed and encouraged to take up a position and defend it strongly; the devil’s advocate is a frequent guest- fence sitters garner no respect. It all makes sense now, doesn’t it? Yes, in that respect Bloodhound Blog is like family to me.

I wrote a snarky little post on ActiveRain about point whoring- leaving insipid comments for the points. I wrote a more thoughtful companion post as well, but the snarky post got some link love from Maureen McCabe and her post sparked more discussion (both Maureen’s post and the snarky post are member’s only). The nature of AR is that members get points for leaving comments on other posts. Okay. Fine. Whatever. While this encourages comments, it doesn’t encourage actually reading a post, and does nothing to encourage thoughtful comments.

I love comments, but I don’t love all comments. I love the give-and-take of conversation that is created in a good comment thread. I love discourse and discussion and yes, even disagreements. I’m not fond of the “Great post, thanks for sharing” comments that are so ubiquitous on ActiveRain, and I’ve since created an abbreviation, GPTFS, that I think point whores and lazy commenters should use. If you use GPTFS, then I’ll know that you are commenting for points or because you want to leave a link, but not because you really give a damn about my post.

Apparently I’m in the minority about this on ActiveRain and the question came up “Would you rather have no comments…?” and my answer is yes. Yes I would rather you didn’t use my time, my blog, my thoughtfulness, as a place to deposit your big signature, your spam, your point whoring… But forget Read more

Will NAR’s Latest 3-Letter Word Be Another Failure?

NAR has just been set up for failure. I hope I’m wrong, but history is on failures side. As I reported in the past, NAR is developing a database of every possible piece of information on every property in the United State. Jim Duncan, who served on the task force that came up with the idea, first reported on this in December 07. This project has gone through several names. It started as the Gateway, then changed to the Real Estate Channel, then to the Library/Archive and now to the final and official name, the Realtor Property Resource (RPR).

I’m only half kidding about this – you get to decide which half – but I gave my input along the way as to what name we should use. I said call it whatever you want, but make sure it does not end up with a 3-letter acronym. You see NAR has a remarkable failure rate with things that have a 3-letter acronym. For instance, oldies like PRC and RIN and more recently IDX and VOW. Now, my definition of failure is debatable, but basically anything that involved a major lawsuit or loss of significant money, I consider a failure.

There have been no NAR initiatives with 3-letter acronyms that have succeeded since MLS and even that has faced many lawsuits. I still consider MLS a success because it is the number 1 member service NAR has ever come up with. Essentially, MLS was a killer application that brought order to the marketplace. Like it or not, MLS has been a success. I do not know the date MLS was coined, but it was a long time ago in relative terms to this post.

So, now the latest challenger to the 3-letter theory jinx is RPR. This concept is so BIG in concept that it may be a killer app in its own right. Time will tell, but I am optimistic that it can become a major resource for members.

Cloaking is Against Google’s TOS, Trulia. (And other SE’s as well)

What is CLOAKING?

Here is Wikipedia’s Definition.

Simply put, it is the practice of showing one thing to a user and another thing to the search engine spiders. It violates the BASIC trust that MUST exist IMO between the search engines and webmasters in order for there to be umm…order. They need to know that you are not doing a sleight of hand.

In Search Engine Optimization, there are few things that almost all of the search engines treat alike. Even things like no follow links are handled differently (at this point in time) depending on which search engine is involved. But they all cry “foul” when it comes to purposely sending their spiders one thing and users another.

Why do I bring this up? Because Eric Bramlett just dropped a video bombshell on Trulia. (Fair warning, the video takes a while to load and may not explain easily to the typical viewer what is happening, so I will do some play by play…).

UPDATE: Bramlett has now added a post with STILL photos as well to explain.

Scene 1: Trulia has “partners” at the Seattle Weekly and Parade Magazine. Bramlett visits them as a normal viewer online would. The link takes him to a subdomain shared between the “partners” (just using the Seattle Weekly example here).

Scene 2: Bramlett then switches over to a tool we SEO types use to look at the same link AS IF WE WERE A GOOGLE SPIDER. When he does this and clicks the same link…

Scene 3: He goes to a completely DIFFERENT page, one that gives links DIRECTLY to Trulia and NOT to their “partners”. Yes, folks that IS the page that they are promoting to the TOP of Google for the keyword Seattle Real Estate! (My guess is that they are doing this to THESE partners the same way they do it to their REALTOR partners? That is the only explanation that I can come up with….)

Eric Bramlett’s video evidence has what they are doing. They are caught red-handed. Plain and simple in my opinion.

A word of advice to Trulia:

1) As you rise to try and compete with REALTORS nationwide Read more

Missing The Opportunity To Achieve Excellence

When Going The Extra Mile Simply Makes Good Economic Sense

When my best friend asked his mother what she wanted for her 70th birthday, she instantly said, “To be with my family.” He offered her a European cruise or other similar possibilities… but she stood firm. Family is what she wanted.

So he began the process of planning the event.

We talked about some different scenarios, as he requested that I photograph the event – and I wanted a venue with some decent locations to use as a background.

Since many family members would be coming in from out-of-town, a nice hotel needed to be selected… and when he told me he was considering the Hilton in Charlotte – I laughed and said, “I stayed there last week… nice place, for sure.”

After researching his options, my friend realized that the Hilton could be a one-stop shop, as they had all the facilities he needed right there at the hotel. The family could come to town, enjoy a nice dinner, enjoy the family, propose a few toasts and hear a speech or two… then do a little dancing – and never have to leave the hotel.

One of the items on the agenda was a multimedia powerpoint presentation featuring images taken throughout his mother’s life… complete with music that she loves. He had worked hard to put this presentation together – and looked forward to his entire family being able to enjoy it.

When we arrived at the hotel, we began to inspect the facility as well as the grounds. We were a little disappointed with the landscaping, as outdoor watering restrictions were literally killing the grass and plants – but it is what it is.

In the banquet hall, the Hilton staff was setting up the tables. The projection screen was up – but no projector could be found. We wanted to get the projector set up early to avoid any problems with the presentation… so we asked the staff to find our projector.

The manager came to our banquet room to inform us that if we wanted a projector – he would be happy to rent us Read more

Support the Vlad Zablotskyy Legal Defense Fund: A real estate weblogger is being throttled by corporate bully ePerks.com. The free speech rights you will be fighting for are your own

Update: It seems likely that Vlad’s cost to defend himself from this specious claim (if you read the complaint, you will discover that the alleged offense is entirely absent from Exhibit A) is going to start with a $5,000 retainer. It seems unlikely to me that the matter will go to court, but, if it does, things will get really expensive. If you haven’t done so already, click on the “Donate” button. You’re not defending Vlad, you’re defending yourself.

 
The months’ long persecution of real estate weblogger Vlad Zablotskyy by ePerks.com’s Ben Behrouzi came to a head today. Behrouzi has served Zablotskyy with a lawsuit claiming that a post on Zablotskyy’s weblog caused Behrouzi to suffer “harm and damage.”

Behrouzi also claims that Zablotskyy has exposed him to “hatred, contempt, ridicule and disdain.” The petition itself is a bad joke, but it is beyond all doubt that that Behrouzi has exposed himself to “hatred, contempt, ridicule and disdain” by the months of ludicrous posturing he and his attorney have engaged in.

At some point the full petition will be available for us to read. [Amending this: You can read the complaint on Vlad’s weblog.] In the mean time, Vlad Zablotskyy needs your help. The lawsuit was filed in California, but Vlad lives in New Jersey. He will have to fight a lawsuit seeking compensatory and punitive damages by remote control, paying law firms in both states. The suit itself is a complete joke — a Personal Injury law firm with a drive-up window comes to mind — but it will still cost serious money to defend.

I’ve set up a Vlad Zablotskyy Legal Defense Fund through our PayPal account — and I’m about to put the bite on you in two ways.

First, click on one of the “Donate” buttons you see in this post or on our sidebar and give as much as you can. I know that many Realtors and lenders are hurting for money right now, but there is no better cause for you to fight for than your own right to speak and write as you choose. If you happen to be Read more

True Confessions of A Real Estate Broker

The times are indeed changing.  I am not a real estate salesperson.  I am the broker/co-owner of a small real estate office.    Please put the hammer away, Greg.  My partner Bob, and I, opened it up precisely in order to own our own systems,  and develop our own approach to business.  Initially, it was just us, but after over 25 years in the business I realized I wouldn’t mind having a few agents on board to help with the heavy lifting.  And while I certainly don’t want to milk any underlings, there are bills to pay.

So here’s the question … In true Web 2.0 spirit I am putting it out to the community.

Gentle readers, if you were a broker-owner of a small independent real estate office, just precisely how would you structure your business to survive in the Web 2.0 world?  Or is the extinction of the broker/salesperson model so close and inevitable that it would not be worth the effort?

Could a small independent brokerage reinvent itself based on, say, a team concept?  What commission split would you offer agents?  What services would you provide for agents, or not provide?  

Any and all comments and opinions are welcome.  Thank you, everyone.

A Little Tough Love: We Don’t Get Paid For Tryin’ — We Get Paid For Doin’

Before beginning, and to head off the ‘you’re so mean’ crowd at the pass, I’m talking here of those things in our careers for which we, more or less, hold the reigns. We never totally control everything when it comes to our scorecard (read: results), but we can reasonably agree most (80/20?) of what we wish to accomplish is under our control to a greater or lesser extent.

There was a short period when I was a trier. I empathize with those who say they tried hard in this business. I don’t feel sorry for them, but I empathize. I realize it sounds hard-hearted, but for Heaven’s sake, they don’t even believe themselves. They were the ones not doing what they knew what had to be done to produce results, right? My money says they were there at the precise moments they weren’t doing them.

In other words, around here‘The dog ate my homework’ will fall on deaf ears.

I made a comment on Russell Shaw’s most recent post. I’ve always loved the way Russell pokes good hearted fun at old sayings. In this case it was, ‘work hard, play hard’. I’m with him in saying, whatever that means. I prefer to work hard and play however it pleases me. Isn’t that at least part of the reason I’m working hard in the first place? Duh. Sorry, I digress.

Anyway, he pointed out the difference between ‘having to’ and ‘wanting to’. As usual with Russell, he nailed it. Russell inspires me with his uncanny ability to do surgery painlessly, yet without anesthesia. His post is what brought to mind the whole Try vs Do thing with which we all have struggled at one time or another.

Here’s my comment verbatim.

I truly don’t mean to be harsh here, as there is some real suffering out there amongst the RE community. Still, there are two classes of agents.

Those who DO, and those who Try.

Do you ‘try’ to prospect daily, or do you ‘prospect daily?’

Labeling this line of thinking as ‘positive thinking’ replaces doing with trying.

Those for whom results are the only measuring stick, don’t ‘try’ Read more