All posts by jd

Real estate broker, civil engineer and general contractor.

The Wooden Bowl

Once in a while I get an e-mail from a friend that seems to be worth passing on to friends. So I’m posting the e-mail. I just received and maybe it will touch your heart too.

“Here it is in it’s entirety I guarantee you will remember the tale of the Wooden Bowl tomorrow, a week from now, a month from now, a year from now.

A frail old man went to live with his son, daughter-in-law, and four-year-old grandson. The old man’s hands trembled, his eyesight was blurred, and his step faltered.  The family ate together at the table. But the elderly grandfather’s shaky hands and failing sight made eating difficult. Peas rolled off his spoon onto the floor. When he grasped the glass, milk spilled on the tablecloth.

The son and daughter-in-law became irritated with the mess.

‘We must do something about father,’ said the son. ‘I’ve had enough of his spilled milk, noisy eating, and food on the floor.’

So the husband and wife set a small table in the corner. There, Grandfather ate alone while the rest of the family enjoyed dinner. Since Grandfather had broken a dish or two, his food was served in a wooden bowl.

When the family glanced in Grandfather’s direction, sometimes he had a tear in his eye as he sat alone. Still, the only words the couple had for him were sharp admonitions when he dropped a fork or spilled food.

The four-year-old watched it all in silence.

One evening before supper, the father noticed his son playing with wood scraps on the floor. He asked the child sweetly, ‘What are you making?’ Just as sweetly, the boy responded, ‘Oh, I am making a little bowl for you and Mama to eat your food in when I grow up.

‘ The four-year-old smiled and went back to work..

The words so struck the parents so that they were speechless. Then tears started to stream down their cheeks.. Though no word was spoken, both knew what must be done.

That evening the husband took Grandfather’s hand and gently led him back to the family table. For the remainder of his days he ate every meal with the family. And for some reason, neither husband nor wife seemed to care any longer when a fork was dropped, milk spilled, or the tablecloth soiled.

On a positive note, I’ve learned that, no matter what happens, how bad it seems today, life does go on, and it will be better tomorrow.

I’ve learned that you can tell a lot about a person by the way he/she handles four things: a rainy day, the elderly, lost luggage, and tangled Christmas tree lights.

I’ve learned that making a ‘living’ is not the same thing as making a ‘life…’

I’ve learned that life sometimes gives you a second chance.

I’ve learned that you shouldn’t go through life with a catcher’s mitt on both hands.You need to be able to throw something back sometimes.”

Well I hope you enjoyed it, let me know what you think.

Mutton Busting and Calf Scramble at Nevada County Fair

Mutton Bustin’ and Calf Scramble Planned for Wednesday and Thursday Night at the Fair

Two new arena events – Mutton Bustin’ and Calf Scramble – are planned for young children and teens in the Arena on Wednesday and Thursday night of the Nevada County Fair, August 11 – 15.

Featured in the Arena during the Professional Bull riding on Wednesday and the Rodeo on Thursday will be Mutton Bustin’, where eight young cowboys and cowgirls between the ages of 5 and 7 years old will get the chance each evening to mount a trusty sheep and head for the thrill of their young lives. Participants must be between the ages of 5 – 7, and must not weigh more than 65 pounds.

Also featured at the Arena on the same two nights will be the Calf Scramble, where ten teams, each consisting of a boy and girl, will compete with one another to catch, halter and coax a calf across the finish line. Participants must be between the ages of 12 – 18, and must weigh at least 100 pounds.

Western attire is required for both events, and there is no entry fee. Sheep and calves provided to the contestants during each event. Great prizes will be awarded for both events. For the Mutton Bustin’, prizes are $50 for first prize, $25 for second prize, and $10 for third prize. For the Calf Scramble, prizes are $100 for first prize, $50 for second prize, and $25 for third prize. There are a limited number of spots available, so call the Fair Office at (530) 273-6217 to reserve a spot in either event, as well as obtain an application and a list of rules. Applications and rules are also posted under Special Contests at NevadaCountyFair.com.

This year’s Fair is August 11 – 15.  Each evening of the Fair features a thrilling arena event. Wednesday is Professional Bull Riding; Thursday is the Rodeo; Friday is Tuff Truck Racing and Monster Trucks; Saturday is Free Style Moto X Riders and Monster Trucks; and Sunday is the Demolition Derby.  Purchase your arena event tickets before August 10 and get admission to the Fair for only $5. Visit NevadaCountyFair.com for more information.

Source: Wendy Oaks
Nevada County Fair Publicist

John J. O’Dell
Real Estate Broker
General Contractor
Call 530-263-1091

Five Real Estate Mortage Scams to Watch Out For

Don’t be duped by mortgage fraud. Here are a few common scams and the red flags you should look for in a transaction.

Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in foreclosures, home values plummeting, and lenders raising their rates and fees to recover losses.

The crimes are often complex, involving several parties and occurring over multiple transactions. To protect youself, educate yourself about mortgage fraud and be on guard for any warning signs in a transaction. You can start by reviewing these five scams, and then test your knowledge by taking our Mortgage Fraud Quiz.

1. The Foreclosure Rescue Scheme

The Scam: “Rescuers” promise cash-strapped home owners that they can save their home from foreclosure. The rescue, which involves paying upfront fees, can take multiple forms, such as the perpetrator obtaining a new loan on behalf of the owner or by having the owner sign over the home’s deed and then rent the home until they can repurchase it. Eventually, the home owner loses the home, either to foreclosure or the fictitious rescue company.

Red Flags: With foreclosure rescue programs, borrowers are often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud.

2. Loan Documentation Fraud

Continue reading Five Real Estate Mortage Scams to Watch Out For

Visit to the Nazi Dachu Concentration Camp

Judy and I visited the  Dachau Concentration Camp located in Munich, Germany, on June 11, 2010. The following says it well:

httpv://www.youtube.com/watch?v=Ims0ZZqaHps

“During the Holocaust, Germans extinguished the lives of six million Jews and, had Germany not been defeated, would have annihilated millions more. The Holocaust was also the defining feature of German politics and political culture during the Nazi period, the most shocking event of the twentieth century, and the most difficult to understand in all of German history. The Germans’ persecution of the Jews culminating in the Holocaust is thus the central feature of Germany during the Nazi period. It is so not because we are retrospectively shocked by the most shocking event of the century, but because of what it meant to Germans at the time and why so many of them contributed to it.” Daniel Jonah Goldhagen, Hitler’s Willing Executioners, Ordinary Germans and the Holocaust

What more can be said about this disgrace to humanity? The torture, the brutal beatings, the inhuman medical experiments on living persons, the extermination of human beings for no more reason than they did not fit some devils idea of a “superior race”. Indeed “superior race”, the very concept is an insult to all who have any trace what so ever of decency.

I remember the first time I saw the films of what the Nazis had done in the concentration camps, I quite frankly cried and for a year, I did not want to be a part of the human race. Visiting this concentration camp, reading and seeing pictures again about what the Nazis did to the people, again brought tears to my eyes. One has to visit the site, or just read what they did to understand the horrors of this infamous period in German history.

John J. O’Dell


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Want to Sell Your Home, Lower the Price

Home sellers learned a painful lesson in June: if you want to sell right now, lower the price.

June marked the second month with no more $8,000 tax credit for home buyers, and some 24% of all listings that were on the market as of July 1 had experienced at least one price reduction, up from 9% of all listings one month earlier, according to real-estate website Trulia.com.

The average price drop—at 10%—was unchanged from one month earlier.  But more markets saw bigger price reductions, led by Minneapolis, where 40% of listings had been reduced in price since listing. One third of all homes in Phoenix and Tucson, Ariz., have had their prices cut.

So when does it make sense to lower the price? Trulia’s Tara Nelson offers the following five tips:

  • Multiple listing agents have recommended listing the home at a lower price.
  • Feedback from the buyers’ agents suggests the home is overpriced.
  • The home isn’t getting any showings, even though it’s marketed well.
  • The home has sat on the market far longer than other homes in the area.
  • There’s been multiple offers, but they’ve all been significantly under the list price.

I notice it appears that sales of residential homes is starting to fall in Nevada County. The impact of the expiration of the $8,000 tax credit seems to be hurting our local market.

John J. O’Dell
Real Estate Broker
Call 530-263-1091

Sponsor and Drive a Car in Nevada County Fair

Sponsor and drive a car in the Fair’s Demolition Derby and you could win $1,000 for your favorite charity.

Back by popular demand, the Nevada County Fair is providing organizations and businesses the opportunity to sponsor and drive a car in the Fair’s popular Demolition Derby, while at the same time raising money for a favorite charity or service organization.

Organizations and businesses can purchase a car for $500 and the Fair will provide a Derby car to use in the Demolition Derby. The organization can choose to provide its own driver or the Fair will provide a driver for the car. Additionally, the car can be picked up on August 6 to customize the car or it can be left at the Fair, where it will have a number painted on it.

The sponsored Derby cars will participate in their own event at the Demolition Derby, held on Sunday, August 15, at 7 pm in the Arena. The last of the sponsored cars moving will receive $1,000 towards the charity or service organization of their choice.  Last year’s winner was Mark Andreus, who received $1,000 for his charity, Christian Encounter Ministries.

There are only a limited number of cars available. Call the Fair Office at (530) 273-6217 to reserve your car and obtain a list of rules.

Forms are also available at NevadaCountyFair.com.  This year’s Nevada County Fair is August 11-15.

Making Sense of The Reform Bill as it Relates to Real Estate

The Senate passed the financial regulation bill today, which will impact home buyers and lending guidelines.  Chief among the changes impacting consumers is the creation a consumer bureau at the Federal Reserve and the requirement that lenders ensure a borrower is able to repay a home loan by verifying income, employment, and credit history.

  • Under the financial regulation bill, at least two categories of mortgages likely will see a dramatic decrease in their availability: interest-only loans and stated-income loans.  Both loan types likely would fall short of the government’s definition of “qualified” mortgages and therefore be avoided by many in the lending community.
  • Many real estate analysts credit interest-only loans and stated-income loans as contributing factors to the decline of the housing market.  With interest-only loans, borrowers pay none of the loan principal for a fixed period, typically 10 years, after which time they must make higher payments for the remaining 20 years of the loan.  Unlike other loan products, stated-income loans do not require borrowers to verify their actual income.  Only a few lenders continue to offer these loans, and typically only to borrowers with deep cash reserves and large down payments.
  • The bill also severely limits the industry practice known as “yield spread premiums,” which in many cases incentivized mortgage brokers and loan officers to sell higher-interest loans to borrowers.  The reform bill will no longer allow commissions earned by mortgage brokers and loan officers to be linked to the interest rate, but rather the loan amount. (a great change )  Once the bill takes effect, the total commission and additional fees charged by lenders and others in the mortgage process will be limited to a maximum of 3 percent of the loan amount, not including the real estate commission.  My comments on this change is good. Some mortgage brokers received a greater commission by playing the consumer against the interest rate.

Read the full story New York Times

Idol Competition at the Nevada County Fair

Katie Heward, the 2009 Nevada County Fair Idol Competition winner, raised $575 for Sierra Services for the Blind
Katie Heward, the 2009 Nevada County Fair Idol Competition winner, raised $575 for Sierra Services for the Blind

Do you love to sing? If so, you could win $150, Fair admission tickets, and money for your favorite charity! The Nevada County Fair is looking for talented vocalists to sing in the “Tree-ditional” Idol Competition at this year’s Fair.

Nevada County residents ages 16 and up are invited to participate in this crowd favorite on Wednesday, August 11, at 9 pm on the Pine Tree Stage at the Fairgrounds. The grand prize is $150, two Fair admission tickets, a parking pass and two Saturday night arena tickets.  Second place is $75, two admission tickets, a parking pass and two Thursday night arena tickets; and third prize is $25, two admission tickets and a parking pass.

Singers will be judged by a panel of local celebrities, who will narrow it down to three finalists. Audience members will then vote with quarters for the grand prize winner. The quarters will be weighed on stage and the winner will be announced that night. All quarters collected will be donated to the non-profit of the winner’s choice.

Last year’s Idol Competition winner was Katie Heward, who received $575 for her charity of choice, Sierra Services for the Blind.

Early entry is encouraged, as there is a limit of 20 contestants for this event. The entry fee is only $5, and entries close on Friday, August 6 at 5 pm. All contestants will receive a free admission pass to the Fair on Wednesday.

A complete list of rules and a registration form can be obtained from the Fair’s website at www.NevadaCountyFair.com, by calling the Fair Office at 273-6217, or sending an e-mail to debby@nevadacountyfair.com.  The Idol Competition is sponsored by Old Town Café in downtown Grass Valley, and Citizens Bank has graciously donated its time to sell quarters during the show.

Bring your friends, your quarters, and be prepared for a great night of music and entertainment at this year’s Nevada County Fair, August 11 – 15.