Is Your House Underwater?

Chances are that your mortgage was backed by Fannie Mae or Freddie Mac – let's hope.

If your mortgage is now underwater and you've sucked up all of the equity like Dracula on a fresh vein, let me walk you through the process of getting out from under, getting some real sleep, and ending the fantasy loop running in your mind of taking a blow torch to your mortgage company – no violence necessary. You can even wrap this up in less than a month – it's true.

HARP – the Home Affordable Refinance Program actually began in 2009 and was put in place by the Obama Administration to help home owners find relief instead of abandoning their life long dreams in the middle of the night. Whether your original mortgage is with Wells Fargo, Bank of America, Citibank, or Chase, it's probably backed by Fannie or Freddie and was sold to a much smaller mortgage company you never heard of. You may still qualify for a HARP. And guess what? If your lender won't process your HARP, you can do it with another lender – don't lose heart, all is not lost. If you have an FHA loan, you may qualify for a Streamline Refinance Loan, which is similar.

One requirement is that you be current on your loan. This is to make sure you have a chance to make your payment more affordable and allow you to save for your other dreams – retirement, college for your children, and the continued quality of home ownership.

Banks are creating their own subtle changes into HARP, so be prepared to shop for the best rates and the qualifiers that relate to you. My advice is to gather all of the material and research before you jump in paying fees and losing time filling out voluminous forms. My other advice is to seek the help of your banker. They've got your money, make 'em work for it. You're a customer, not a vagrant, and if they don't appreciate you – dump them. If no bank makes any loans, they are going to go out of business.

If you need to be pointed in the right direction, please give me a call.

The Great Gatsby

When I was in fourth grade, my teacher already knew that I wrote plays on my own. She also knew that I was particularly fond of one of the stories in our 4^th grade reader. She asked me to take the story and turn it into a play that the students could perform. Since, at the time, the extent of my research library was the Encyclopedia Brittanica in our hallway, I didn't know that there was more to adapting a story to a play or screenplay than translating it into a group of scenes and turning the quotes into lines. I didn't write to the head of MGM as I would write to the President of Johnson Products in high school to ask how relaxers make your hair straight. I learned while watching the Oscars many years ago that there was a science to translating a story to a play or screenplay. Baz Luhrman didn't watch that telecast.

“The Great Gatsby” was a studied translation of F. Scott's Fitzgerald's fantastic ode to the Jazz Age. The decandence, the music, and the heart breaking idealism that you read about in the book are nonetheless brilliantly portrayed in this movie, and I recommend it. I recommend that everyone read the book at least. But you have to read it twice. When I read it in high school, I was appalled by the cavalier manner that Daisy treated her long lost admirer. When I read it recently, all I could think was this guy is a sap. Since the story hasn't changed, I guess that means that I did.

Since Baz Luhrman is famous for his way, way, over the top productions that would make Busby Berkeley cover his face in shame, he was actually the perfect choice to bring this story to life. His depiction of the parties, the clubs, and the opulence of another era where money was spent like water and nobodies became millionaires overnight was actually good. While it's true that Leonardo Di Caprio's Gatsby was no improvement over Robert Redford, Carey Mulligan is a better Daisy. I thought the money was well spent for the most part, but I would have done more with the 3D than Luhrman did. If you're spending that much to make a movie 3D – WORK IT!

You'll want to see the party scenes over again, the preparation for the afternoon tea, and that big yellow car sailing into New York. There was a lot of criticism of the use of Jay z's music, but that music is only briefly sprinkled through the movie – most of the music is true to the time, and I'm pretty sure Jay Z could have written more that could have seemed true to the times also. You will hear more in the previews than you will in the actual film. I suggest seeing the 3D version over the flat – you may as well see what the Director intended, right?

In high school I wrote about “The Great Gatsby”, “Tender is the Night”, and “This Side of Paradise”, so I had no intention of missing this balleyhooed remake. Since the Jazz Age very much resembles the squalor that preceeded the recent downturn that we are still suffering through, I think the story of careless and wanton revelry was well placed. People, especially young people, should see it. It will remind them that people didn't start partying the day after they were born, something I recall my parents telling me back in the day. I showed my neices some “Ed Sullivan Show” tapes so that they could see how Tina Turner sang “Proud Mary”. Some lessons never get too tired to teach, and that's what makes the book a masterpiece and the movie a welcome interpretation.