Expert Advice from Attorney and Las Vegas Update

Many of you know that last week I spent a few days in Las Vegas. No I am not a gambler, I spent two days at a Credit Restoration and Education workshop hosted by Credit Attorney, Ed Jamison!

It was great event that was held at the Venetian Hotel!

The highlight of the event was spending over 5 hours with John Ulzheimer who has worked for Experian for many Carlos_samaniego_with_john_ulzheime years and actually help create the scoring models at the credit bureaus. He was one of the few credit insiders that knew detailed information how the credit scoring models.

He has actually been hired as an expert witness with the Credit Bureaus, who need and expert in credit scoring, there are some things he taught us, I cannot even publish here on this blog!

Here is a picture of John out in the hallway as he was sharing an strategy to use with my clients.

John actually looks exactly like Ryan Seacrest 🙂

But you will learn those secrets when you come in for your free consultations.

Your friend,

Carlos Samaniego
Credit Expert

Happy St. Patrick’s Day

Well, I already got pinched this morning. You believe I forgot it was St. Patty’s day! Well I warned you 🙂

This morning had something fun for you parent’s out there 🙂 I think I will print this out and give it to my son later today.


This should be posted in all schools.

Love him or hate him, he sure hits the nail on the head with this! To anyone with kids of any age, here’s some advice.  Bill Gates recently gave a speech at a High School about 11 things they did
not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.

Rule 1: Life is not fair – get used to it!

Rule 2: The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $60,000 a year right out of high school. You won’t be a vice-president with a car phone until you earn both.

Rule 4: If you think your teacher is tough, wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

Rule 6: If you mess up, it’s not your parents’ fault, so don’t whine about yo ur mistakes, learn from them.

Rule 7: Before you were born, your parents weren’t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were.
So before you save the rain forest from the parasites of your parent’s generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with win ners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they’ll give you as MANY TIMES as you want to get the right answer.
This doesn’t bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don’t get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: Be nice to nerds. Chances are you’ll end up working for one.

If you agree, pass it on.
If you can read this – Thank a teacher!
If you are reading it in English -Thank a soldier!

Another Government Gift To Homeowners!

It finally became official today, the new FHA loan limits where annouced for California counties. For us here in San Bernardino and Riverside County, the new FHA loan limits are $500,000!

That is great news for anyone who currently has loan less than that amount and needs to refinance or purchase a new home!

I put together a free report that better explains this for you all!

Click here now to download: Download understanding_higher_loan_limits.pdf

If you currently have adjustable rate mortgage, high interest rate, behind on your mortgage, or trying to buy a home right now, call us now at (909)307-0977 and we will explain how these loan limits affect you personally

Your friend,

Carlos Samaniego,CMPS

How much your family means to you?

This morning I came into work like any other day. Getting ready to take on the world. I start checking my messages at the office, then happen to noticed a "missed call" from  my mother.

It was kinda strange because it was still relatively early in the morning. Since mom just retired from 25 years of working at the VA hospital. She not getting up to early. So I was kinda surprised, because the call came from her cell phone.

I returned the call, and it was strange voice on the other end.

I said, "Hello, is this Angie" Then lady so no is Lisa from Kaiser emergency room in Fontana. I started to panic.

The lady said in calm voice, that my mom was rushed to hospital ER, because her personal doctor wanted thought she may be having a heart attack.

I rushed to the hospital and had a brief but serious thought, what If I am losing my mom? I haven’t had a chance to say goodbye or say " I love you!’

I was scared, as I walk into the hospital.

I am happy to report, Mom is doing good. Her blood pressure had skyrocket and she started getting chest pains. They got her blood pressure under control and everything else came up normal.

For me it was a scary day, but also a day to remember to say, "I love you!" to the ones you love everyday.

Your friend,
Carlos Samaniego

Best time to buy in four years

Great article from CNN….I have never seen a better time to buy in the Inland Empire.

Home values have declined across the country, giving homebuyers the best buys they’ve had since 2004.

By Les Christie, staff writer
March 4 2008: 1:30 PM EST

NEW YORK ( — It may be the best time to buy a house in more than four years.

Home prices have dropped so quickly and so far that valuations – the difference between what a home should cost and its actual price – are the lowest they’ve been since 2004, according to a report.

The Cleveland-based bank National City Corp. (NCC, Fortune 500), together with financial analysis firm Global Insight, revealed Tuesday that more than 88% of the 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007.

“Housing valuations are almost back to long-term norms,” said National City’s chief economist, Richard DeKaser. He called current affordability “the best in the past four years.”

But DeKaser cautioned that home prices could fall even further.

“This isn’t to say home price declines are over,” he said. “We could move below historic norms. By the end of 2008, housing markets could be broadly under valued.”
Prices still improving

There are still 21 housing markets, or 6% of those surveyed, that are severely over valued, including Atlantic City and Madera, Calif. That’s down from 56 overvalued markets at the peak of the housing bubble in 2006.

The report compares actual median home prices with what the authors determine are proper home values based on population density, relative income levels and interest rates, as well as historically observed market premiums or discounts, to determine whether markets are over or under valued.

The report also factors in market intangibles that make some areas more desirable places to live, and more expensive.

“Declines are no longer confined to once-frothy markets,” said DeKaser.

The survey covered home valuations during the last three months of 2007, but DeKaser pointed out there’s reason to believe that valuations are even more favorable for buyers today.

Price declines have continued into 2008 and interest rates, although they have inched up lately, have been steady or lower compared to late last year. There have even been wage gains; personal income rose 0.5% in December. Soaring foreclosure rates have added inventory to many housing markets, depressing home prices further.

The biggest gains in affordability occurred in California, Michigan and Florida, which are areas that have also been some of the hardest hit by foreclosures. Those states registered 43 of the 50 biggest price declines.

Bend, Ore. currently tops the overvaluation list. Home prices there were judged to be about 59% higher than their fair-market value. Miami, despite a median home price decline of 5.7% last year, is the most overvalued big city, by 44%.

All the best bargains were found in Louisiana and Texas. Houses in Houma, La. were under valued by 31.2%, according to the report. Dallas was the most undervalued big city, by 30%