Hey! Scott Harriman sent me something! April 2017

Scott Harriman - Commercial and Residential Mortgage Broker

Simply Commercial Mortgage Architects

Mortgages@ScottHarrimanMortgages.com
(250) 565-4969 / 1 (604) 328-5004
http://www.scottharrimanmortgages.com

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April Court-Ordered Sale & Foreclosures

 

April 2017 Detached Foreclosures $1,000,000 - $2,000,000
April 2017 Detached Foreclosures $0 - $500K
April 2017 Detached Foreclosures $2,000,000 plus
April 2017 Detached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $0 - $250K
April 2017 Attached Foreclosures $250K - $500K
April 2017 Commercial Foreclosures

Here's April's list.  If you are seriously interested in these properties and want to succeed in winning one, here's what you need to do: have your financing done beforehand and have a realtor that has experience in these matters to help you.



The Founder Movie: The Biggest Lesson About The Value Of The Brand

 

If you haven't watched The Founder movie about Ray Kroc, you absolutely should. One of the best movies about entrepreneurship out there.

One of the moments in the movie was so powerful, I created a short clip from it, because there is no better illustration of the value of the brand.

Check out this 2-minute clip at http://tmf.rocks/raykroc

I'll leave you with a great quote from Ray Kroc, "You’re not going to get it free. You have to take risks, and in some cases you must go for broke. If you believe in something, you’ve got to be in it to the ends of your toes. Taking reasonable risks is part of the challenge. It’s the fun."



'We are all doing it': Employees at Canada's 5 big banks speak out about pressure to dupe customers

 

The three main fibs I've seen over the years for mortgages:

1. "Mortgage insurance is required to get the mortgage". 

This is false. It's not required at all. 

2. "Fixed rate mortgage only has a 3 month interest penalty if you break it"

This is false. There is an interest rate differential penalty involved.  

3. "We can easily transfer your mortgage to another property"

This is false.  Most of the time you have to re-qualify for the transfer. 

What my advise would look like for the above three: 

1. Mortgage insurance is crap.  Get it for the time being while you apply for a term policy direct from an insurance company. Once approved cancel the mortgage insurance. 

2. Use a lender that has a cheap interest rate differential penalty calculation for penalties.  Avoid all big bank fixed rate mortgages like the plague.  

3. Generally you can't, banks want you to re qualify again for the transfer.  Therefore, do not sell your property, until we have a new approval for you. 

http://www.cbc.ca/news/business/banks-upselling-go-public-1.4023575



Spring has arrived in Prince George!

 

After a fairly mild winter with very little precipitation (snow), the melt is almost complete, streets are being cleared of gravel and it's great to walk the city again. 

Every day the grass outside my place changes to more green. The robins have been here for 3 weeks now, winds are light and the air is fresh.

Spring in the middle of the province has longer days and shorter nights. Still light out near 9:00. 

The bears are waking up now and soon we will be getting the warnings that they are out and about. 

Very interesting city, more cultural stuff than you might think, traffic is comparatively light and the people are friendly and very accommodating. 

The Metro attitude is creeping in with high demand and low supply in Real Estate. Prices are climbing, multiple offers, hesitate and you don't get that home. 

The upside is that the average home price is in the $320k range and very nice homes are still under $400. Good supply of new builds, with lots of modern features. 

Need a realtor to go with your mortgage requirements? I have great relationships with the best realtors in Prince George and surrounding area. Country living? Urban? Suburban? You build?

Investors are welcome and most properties will cash flow positively very well. Market appreciation is trending upward and demand is growing. 

Contact me for your Commercial or Residential Mortgage needs. 



Barkerville visits this past year

 

Since moving up to Prince George, I have had the pleasure of visiting Barkerville, home of the Gold Rush in the 1860's. 

The town has been salvaged, rebuilt, modernized in small ways, and restored as close to the original as possible.

The Gold Rush brought immigrants from all over the world, including San Francisco, China, India and beyond. At the time, Barkerville was the largest city in North America west of Chicago.

Travel from Yale to Barkerville was at least a 5 day journey by stage coach.

This Provincial Treasure is open in the Summer from late April to Thanksgiving and opens for a weekend in December to celebrate the winter season. 

This is an important part of BC history and is a must see for everyone. 

Overnight accommodation is extremely limited, best to book ahead. 

Enjoy!



Trademark Screw-Ups of the Month

 

Coachella Suing Urban Outfitters For Trademark Infringement: Should be a slam dunk given that Coachella Music Festival, LLC owns several registered trademarks covering among other things, t-shirts, tank tops, long-sleeved shirts, and other clothing.

Peaches Monroee Seeks Trademark For Viral Phrase ‘On Fleek’: While she is thinking of trademarking the phrase, there are already 13 applications and two registrations that have something to do with "ON FLEEK", including someone else's ON FLEEK trademark for eyebrow cosmetics registered in April of 2016. With trademarks it's all about timing, timing, timing...

Toy giant Hasbro is trying to trademark the smell of Play-Doh: Scents can be trademarked in some jurisdictions but they are considered to be unconventional trademarks. The biggest problem with trademarking scents is being able to properly describe the scent to distinguish it from other smells. Sending the package to USPTO is usually not enough because trademark registration is not done for the sake of the Trademarks Office. The registration should be able to give the public sufficient information as to what they are allowed and what they are not allowed to do with a particular brand. And if it is impossible for the public to know what is protected without having to go out and buy the package from the trademark owner, it would usually not proceed to registration.

Chinese companies are rushing to trademark Ivanka Trump's name: For one trademark application filed in the U.S., there are 10 filed in China. For one trademark filed in Canada, there are 100 filed in China. If you think that you may start selling your products and services in China, you better trademark your brand there—before it gets popular enough to be snatched by someone else.

Bentley Motors Loses Trademark Battle With Bentley Clothing: Bentley Motors realized they wanted to claim ownership of the Bentley brand in association with clothing some 55 years after Bentley Clothing company started selling apparel under Bentley brand. This only demonstrates that you have to be very proactive in figuring out all possible line extensions for your brand and try to secure them sooner rather than later.


Oh The Irony: Chinese Automaker Suing Mercedes For Trademark Violation: It becomes increasingly difficult to find product names that are trademarkable across the world. There'd always be something somewhere that would present a registrability problem. But you would think that the big guys like Mercedes would at least consider the big markets before launching a new brand...

This Brand Is Suing Rihanna for Trademark Infringement: Trademarks are all about who uses and protects the brand first. As a company that does a ton of trademark searches for hopeful companies and entrepreneurs who want to secure their trademark rights, we often have to deal with situations when the name is no longer available because someone else had trademarked it first. The fascinating (but oh so understandable) part is that everyone wants to make sure THEIR trademark gives them as broad protection as humanly possible, while on the other hand suggesting that others' trademark rights should be interpreted as narrowly as humanly possible. It doesn't quite work that way.

Lacoste Loses Crocodile Trademark in New Zealand Supreme Court Decision: This case demonstrates how crucial it is to use the trademark as registered. Lacoste lost because they couldn't provide evidence of using their logo with the word Crocodile on it. As a result, this trademark was cancelled for non-use, clearing the way for their competitor.



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