Homeownership & Lifestyle

Homeownership is more than a mortgage — it’s about community, lifestyle, and long-term planning.

This section includes personal insights, community involvement, and home-related topics that reflect the broader experience of owning and living in the great Pacific Northwest.

To Catch a Thief

I had my first experience of someone re-publishing the articles that I write here on Mortgage Porter as their own on their mortgage blog.   I was incensed to say the least.   I dedicate a significant amount of time and care to my writings on my blogs.

After I sent a short email to this person he replied:

“Tell me which posts are yours and ill take them down. I didn’t realize blog posts were copyright protected.”

Even if posts were not copyright protected, does that make it okay to take someone else’s work and present it as your own without asking?  I think not…in fact, I know not!

From DevTopics.com (notice how I give DevTopics credit and a link for their work.  I also did not copy the entire article and would not do so without their permission):

Copyrights Protect Your Blog

Copyright is an intellectual property law that protects original works of authorship including literary works.  Your blog is protected by copyright the moment you produce it in tangible form on your computer and then publish it on the Web.  In other words, post a blog article, and it’s automatically and immediately copyrighted.

The Digital Millennium Copyright Act (DMCA) extends copyright law to other countries that sign up, makes it illegal to circumvent anti-piracy measures, and increases penalties for copyright infringement on the Web.

Fair Use

The “fair use” rule of copyright law states that an author may make limited use of another author’s work without permission.  The fair use privilege is the most significant limitation on a copyright owner’s exclusive rights.

The following factors affect whether publishing content without permission is considered fair use or infringement:

  • Whether the original work was copied exactly or transformed into a new work
  • Whether the motive to publish was for profit
  • Whether the original author was cited and linked to
  • Quantity of the original work published, both in terms of total words and as a percentage of the original work
  • Quality of the original work published, in other words, whether the most important aspects were published

If you have or want to have a mortgage blog and do not have the time, confidence or skill to write your own articles; there are other options besides copying someone else’s efforts.   Mortgage originators can use tools such as Bring the Blog or Mortgages Undressed.   They pay a fee and the content is provided for them automatically.  It’s actually quite good.   They can also subscribe to services like Loan Tool Box or Strategic Equity where articles are available that you can post as your own.   These items are not for free…and the information you find here at Mortgage Porter is not yours for republishing.   If you really like a post someone has written, you can always link to it and give the author proper credit.

The only defense (a weak one at that) is that this person appears to have just started blogging in October of this year.   Even still, how can someone take someone else’s work and post it as their own?  He has posted an apology on his blog; however, as of right now, my 5 posts are still there.

I’m watching his blog and will let you know when and if he stays true to his word and removes MY works from his blog.   I hope to be updating this post soon confirming this to be true.

This is an eye-opener for me and I will be taking further steps to protect my content.  I enjoy writing for Mortgage Porter and Rain City Guide.  I don’t need nor want to spend a chunk of time going after blog-theives.   If you find someone has used your content as their own, you should take action too.

UPDATE 11:45 AM 12/11/2007:  My post have been removed from the blog site.  Hopefully this was simply a huge lesson for both of us.

Why you should make sure your condo is on the FHA approved list

Approved

Editors Update: Loan limits are different than what’s reflected below from when this article was originally written.  Check with your local FHA approved Mortgage Originator to see what your loan limits are (or click on the link in the second paragraph).  

[Read more…]

Fit to be Tied

My husband and I went to the Seattle International Auto Show with our three teensFitextreme350  late last month to look for an economy car for us to use for commuting.  We decided we liked the Honda Fit.   I doubt anyone relishes the idea of buying a car.   Probably much like getting a mortgage.   We did our homework and decided we were willing to pay a certain amount for the car and no more than that. [Read more…]

Bankruptcy and Your Home

I have been in the mortgage side of the real estate industry for over seven years…and there’s just been a handful of times that I’ve advise someone to consider talking to a professional about bankruptcy.   It’s a very heavy subject and not easy to suggest to anyone.  Lately the topic is coming up more often.   I just stumbled across this article from the Wall Street Journal and thought it would be worthy to share:

“Most consumers filing for bankruptcy continue to do so under Chapter 7 of the federal Bankruptcy Code. Under that provision, a person must forfeit certain assets — including, in some cases, a portion of home equity. Those assets are sold to pay off debts.

While Chapter 7 filings stop foreclosure proceedings, the break is usually only temporary. As a practical matter, many homeowners who file under Chapter 7 lose their homes.

In recent months, however, an increasing number of homeowners have filed for bankruptcy under Chapter 13, which staves off foreclosure proceedings while the homeowner works out a plan to pay off mortgage debt and other obligations over time — usually three to five years. To qualify, debtors must have a regular income and must stay current on their new bills. About four in 10 filers today are filing under Chapter 13 — up from three in 10 two years ago. The 2005 change in bankruptcy laws was designed in part to shift more filers to Chapter 13, which forgives less debt than Chapter 7….Consumer advocates say the homeowners who are most likely to benefit from Chapter 13 are those facing foreclosure because of a temporary financial setback, but who expect to be able to cover their mortgage payments in the future.”

If there are extenuating circumstances that caused the bankruptcy, Fannie Mae and Freddie Mac may allow transactions 24 months after the discharge as long as the borrower has reestablished their credit during that time.   FHA may allow transactions while someone is in a Chapter 13 as long as they are current on the repayment and the Trustee approves the transaction.   Late payments following a bankruptcy is not only damaging to your credit scores, it also pretty much eliminates the chance of having an “a paper” mortgage anytime soon.

Even if you have just a sniffle of financial distress, seek professional advise now.  Bankruptcy is not something to enter into causally, you will need to consult with an attorney who specializes in bankruptcy.

If you have a mortgage that’s adjusting within the next 12 months, or you don’t know the terms of your mortgage, please contact your Mortgage Professional.

Sellsius Top 12 Women Real Estate Bloggers

Top122007_2I am so honored to be included on the list (and future calendar…I think they’re teasing) of Sellsius Top 12 Women Bloggers for 2007. 

When I started, I wasn’t sure anyone would read my blogs let alone that I would receive any recognition.  I am absolutely amazed and honored to be associated with this group of ladies.

It was wonderful to get to know Rudy and Joe from Sellsius during Blog Tour USA.  Having this nod come from them makes it even sweeter!

Thanks, Guys!