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Chaserjim

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Posts posted by Chaserjim

    Ask Me About... Phil Ivey

    in Poker Player Profiles

    Posted

    Hey DN - Can you please add Andy Beal to your list of players? I think that would be an interesting Q/A, that is - if you yourself knew anything about him or the high stakes matches back then.Question about Ivey - I read somewhere on here that you had forced him into rehab. True?

    What Have You Done That 99% Of Fcpers Have Not?

    in General Poker Forum

    Posted

    - 3 time state chess champion by the age of 18.- Have played and beaten Garry Kasparov in blitz match.- Have a very rare disease called E.P.P (Im allergic to Ultra Violet rays - thus the sun)- Have been the case study for said disease, and placed on stage for thousands of doctors to examine my condition.- Have had Jimmy Hoffa Jr in my house for dinner.- 1 time CPL Counterstrike 1.5 champion.- 1 time WCG Counterstrike 1.6 Champion (Korea)- 4 time PTQ Magic the Gathering champion.- Has a degenaritive liver condition from said disease above, will die soon.- Loves and Hates poker.- Future winner of WSOP main event. - Addicted to my blackberry.- Married to a woman 12 years older than me. - Knows all lyrics to big girls dont cry by fergie.- Have rolled with Royce and Hickson Gracie during seminars.- Owns a brown belt in brazilian JJ, and a purple belt in Muy Thai. - Met J.C Alvarado at WPT Five Diamond in 07.- Does not have a gall bladder.

    My Intenional Foreclosure

    in General Poker Forum

    Posted

    Ty for all the comments. I think I had made up my mind on a route to take.The credit loss from foreclosure is just too big of a negative.Also - I would be taking the easy way out.and possibly getting in the same boat with this new home. So here's what I'm gonna do.I will stop making payments anf force them to enter a loan mod with me. If a mod happens, then I can sell responsibly, and purchase responsibly.If they won't renegotiate a contract with me, I will then repay the missed payments , and deal with the dings on my credit (still not as bad as a foreclosure) and find some other alternative that may come available from our new administration in washington.

    My Intenional Foreclosure

    in General Poker Forum

    Posted

    You understand real estate is a long-term investment, right?Of course your house is going to be worth less in the middle of one of the worst depressions in quite a while.
    In real-estate , nothing relative. That's why small communities and some cities are called bubbles. It's because while some lose value , some dont. Why? Location location location. Which is where we would be picking.

    My Intenional Foreclosure

    in General Poker Forum

    Posted

    Here's the thing. I fully understand that I purchased this house to be a home, and an investment. I bought it when I was 25 years old. That might be considered pretty young to buy a house - to others maybe not. With that said, I didnt do my homework on interest rates and loans. At the closing table, I was forcefed a 6 inch stack of papers to either initial or sign , and if I asked questions it seemed as it I was being a major annoyance....Plus I got into this house with 0 money down and actually received a 2500 check at closing because I made the sellers pay commision and fee's. So for the last 2 1/2 years, I have paid my mortgage on time , never been late. I pay my taxes like a good citizen. Then the adjustment to my interest rate kicks in. Ok no worries, Yes im paying 400 a month extra for the mortgage which is 4800$ more a year - i can handle that. Then it again it adjusts this time around in december, only adjusts maybe 100 more across the board. So now im paying 6k more , out of pocket , for the same ****ing house. I can easily justify paying 1500-1700 a month for an 1800 sq ft home ... However, I cannot justify paying 2200 a month plus utilities/water blah blah for the same square footage.Now - I try to refiance the bastard. Apparently my home is now only worth 211k , now the 230+ i purchased it for. Infact, Ive paid big money to have a deck installed in the backyard hoping that we could enjoy it and it would bring the value of my home up (nope). So now, in order for me to refiance to a fixed 5% rate (which would be nice since my payment monthly would be around 1500ish) is to come up with 15% down (on the appraisal figure) plus any negative equity which is around 20 thousand. Do the math. So - now, since I have this interesting situation where my fiance has been locked in at a 5% 30 year fixed, single mortgage for 330,000 thousand .. we could save what we would pay towards this mortgage , and enter forclosure (which happens to be around a 7-9 month process before eviction). So if I save our mortgage money and enter foreclosure, around september I will have saved nearly 20 thousand. All the while my sub prime peice of shit lender is working thier butts off to lower my rate and payments because a foreclosure costs them more money than a straight up loan modification. And if they happen to come up with a deal where they lock my rate in and lower the payments , great! I just saved how many thousands of dollars while Forcing them to refiance my loan.There happens to be a Consumer credit law that states once I enter into loan modification talks or refinancing, that all credit inquiries and comments are blocked to that specific lender.Meanwhile , lets say if they decide they arent going to work with my loan and just let me foreclose. Still got all that money we've been saving - so we slap adownpayment on her guarantee'd offer and move into a house thats much better, much bigger in so many ways. Remember home values are dropping like prom dresses , so a 330,000 home (while very nice) is usually around 3000 square foot , in a decent neighborhood. But now, those former valued 330,000 dollar homes are selling for 280-300 .... I get even more for my dollar. Especially since half of the nice ones are actually foreclosed properties.The only downside to this plan : 1, my credit is going to be horribad for 7 years. No new auto loans, nothing. And there is that guilt factor I could expirience thinking I just added to the nations economic crisis.....Or I can be happy with the fact that I went from a 2 car garage to a 3 car garage ... from buy 3 bedrooms to 5. From 2 1/2 baths to 3 1/2 baths. Oh yea, and since only her credit will be used on the new house, mines about to go to garbage. So time to go buy a new vehicle before I can't anymore.Whoever said that this should be an investment - Your abso-fruitly correct. I invested, I lost , time to hedge my bet.I also want to point out the fact, that the loan they put me into was called a "stated assets/state income" . Which meant, they took my 401k and pension as an asset and placed it into my earnings. I could have never ever ever afforded this ****ing home in the first place. It's a good thing I am engaged and we share in the bills. If I were alone - i would have not been able to stay above water. These stated loans, are now illegal.

    My Intenional Foreclosure

    in General Poker Forum

    Posted

    My current home I bought in 2006 for 236,000.00.I got an adjustable rate mortgage (arm)When I first bought it my total payments were 1550.00 and 270.00 (the second mortgage)This house is only 1800 sqft.Since july 2008 - my rates increased from 7 percent to 9 percent on my first loan , and 8 to 10 percent.I am now paying more than 2200 a month for a small house. I just had it re-appraised. Its only worth 211,000.00 now. I am engaged but haven't filed joint taxes. She was approved for a 30 year fixed loan at 4.8 percent on a 320,000.00 loan.If we stop making house payments, we can save over 18 thousand for a downpayment for her purchase, and deed me in after we are married. Meanwhile my credit goes to shit from foreclosing or a possible short sell, but we essentially move into a 3500 sqft home, at a fixed payment paying 500ish less a month.Discuss.....P.s - I forgot to mention that we can totally afford the increase in rates and monthly payments...but the value has dropped a lot and I now owe more than want its worth by 20k.I also an expect some sort of loan modifcation plan from the lender...where they mod the loan to a fixed and change my rates. I'm kinda strong arming them into that because I've tried to refi through a fed program but I would have had to been 3 months into foreclosing before those options came available to me.

    Event #20 $2k Limit Holdem Final Table

    in General Poker Forum

    Posted

    David Baker Eliminated in 3rd Place ($78,624)Daniel Negreanu raised, David Baker called. The floip was {2-Spades} {8-Hearts} {10-Hearts} and Negreanu bet. Baker called. The {A-Hearts} came on the turn and Negreanu bet again. Baker raised and Negreanu called. River was the {9-Spades} and Negreanu bet to put Baker all in. Baker called and Negreanu announced, "Straight!" and showed {Q-?} {J-?}.

    Event #20 $2k Limit Holdem Final Table

    in General Poker Forum

    Posted

    # 1 minute ago | Posted by donpetersA Sneaky Check In The DarkDaniel Negreanu raised from the button. Ugur Marangoz made the call from the big blind. Marangoz checked in the dark and the flop came {6-Diamonds} {4-Spades} {2-Spades}. Negreanu checked behind. The turn was the {Q-Diamonds} and Marangoz checked. Negreanu bet out. Marangoz called.The river was the {7-Spades} and Marangoz bet. Negreanu leaned forward to study the hand and then began counting out chips. He made the call.Marangoz showed {5-?} {3-?} for a flopped straight to win the hand.# 1 minute ago | Posted by change100Updated Chip CountsUgur Marangoz 940,000Daniel Negreanu 585,000David Baker 380,000

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