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since
02-07-2010
05-23-2026
MrChairman
Established Contributor
531
Posts
18
Kudos
05-23-2026
08:54 AM
Been around these forums a long time. On my latest rebuilding journey. Recently dismissed a Ch 13 in April. About 10 accounts came back within the first couple of days. Lots of them were reaged by the creditor. Just fired off letters to the CRA's to get accounts removed. We'll see how it goes. Surprisingly I was approved for a $500 credit card thru USAA and a 1K secured card thru Capital One. I do all of my banking with USAA so I'm sure that's the reason why. Can this strategy work with other lenders such as Chase or Citi. Any advice would help!
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08-20-2024
09:10 PM
Is there any sort of waiting period after a Ch 13 dismissal to qualify for a VA mortgage?
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12-11-2022
10:18 AM
I've recently had 4 accounts go into charge off status. 2 from Upstart, one from Mosaic Home Improvement, and one a wells fargo store card. I have some cash to settle these but not nearly anything close to the amounts due. Does anyone have any experience with Pay for Delete from any of these companies. The one from Mosiac was transffered to an outside collection agency a few days ago.
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12-01-2018
10:34 AM
2 Kudos
I was approved for a USAA secured card earlier this week. I put down 2k as a deposit. Will be upping this to 5k very soon.
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10-11-2018
06:36 AM
I have a car we aren't keeping and the creditor is filing a motion to lift the automatic stay to recover it. Is it possible to get a loan before discharge and before the 341 meeting?
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10-07-2018
01:34 PM
I had a creditor that was listed on my BK 7 petition charge my debit card. Is this illegal and can I dispute the payment with my bank? Thanks.
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10-04-2018
10:18 AM
So I have a car I want to keep. Currently owe around 23k on the loan but the car is worth between 10-13k according to KBB. I have been preapproved for a loan to cover the redemption amount. Do I negotiate directly with the lender (NMAC) or is this something my attorney does?
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09-28-2018
04:01 PM
1 Kudo
I assume it wouldn't be smart to open a secured card with USAA? USAA Discover Cap1 Barclays BoA Synchrony AMEX Chase
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09-28-2018
03:35 PM
1 Kudo
Our case was filed today. Is there anything I can do now to start the rebuilding process or do I have to wait until discharge?
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09-26-2018
09:49 PM
Thank you. Appreciate the response. I never thought about it from the $440 a month to creditors perspective!
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09-26-2018
04:41 PM
My attorney sent me the following today. The surplus is $440. Is that really enough to be denied a Ch. 7. After looking at the paperwork I did underreport some expenses and missed some altogether. Was just curious if $400 that big of a surplus in bk world... Due to the surplus in your budget, it is possible that the US Trustee may require you to convert to a Chapter 13 notwithstanding your status as disabled veterans. Therefore, please review the budget carefully to be sure you have included all of your monthly expenses.
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09-20-2018
08:43 AM
How hard is it to get a car lease for a luxury car after filing. I am high income earner and will have a large amount of disposable income after discharge.
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09-21-2016
08:31 PM
I just closed on Monday. My interest rate is 3.875%. I've seen rates for VA 3% to 3.25%. Going down to even a 3.5 will save me almost $200 a month. Does anyone know if there is a timeframe for the VA streamline refi. How many people think I should even bother with this to begin with? Thanks!
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09-20-2016
03:25 PM
4 Kudos
I just want to let everyone know that we did in fact end up closing yesterday! It wasn't without issues however. First, the title company called us last Friday around 5 and told us that that docs hadn't made it to them yet so we pushed the closing back from 9 am to 11am. We get to the title company and start signing docs. We sign the docs and the title company sends everything over to get the loan funded. First, we were called back to the title company to resign a form that my wife scratched out the date on because they wouldn't accept it. This was almost an hour after everything had been sent over. We then waited around for the loan to fund until 4:30. During this time, no one knew why it was taking so long. Eventually we found out that the lender didn't request VOE until closing day! Who does that? In the end, everything was funded right before close of business and we had the mover pack up our stuff and bring it over to the new house. We are excited we are in the home and SO GLAD that the nightmare of a mortgage process is OVER for us for a very long time.
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09-16-2016
05:45 AM
Purchase Price: $385,000 Down Payment: 0 Location: DFW Property Type: House Type of Loan: VA Loan Rate: 3.875 Closing Date: 09/19/16
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09-16-2016
05:42 AM
1 Kudo
Latest update: We FINALLY recieved our CD's yesterday. The LO sent me an e-mail around 5:15 yesterday asking me to sign some additional paperwork that I know for a fact I sent them in Jan. So after my wife finding a Kinkos and me going back to work to print, sign and, scan them back ASAP we got the CD. The processor was nice enough to stick around and wait for us to get these back to them. So after all of that we will be closing on Monday at 9am! I will update the thread on Monday.
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09-13-2016
07:23 PM
1 Kudo
The funding fee actually can be added even if you are at 100% LTV. It has nothing to do with the appraisal.
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09-13-2016
06:26 PM
2 Kudos
Another update. We did get the rate lock docs signed and sent back today. Should have the closing disclosures tomorrow or Thursday at the latest. LO said we should close Monday or Tuesday. Of course we are hoping for Monday. Apartment living is starting to be a bear! And thank you all for the well wishes!
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09-13-2016
01:37 PM
I bought a condo from NVR in 2013. I attempted to go thru their in house loan department first but it seems like they were looking for any reason at all to deny us. It got so bad that they told us we needed to remove upgraded carpet which was less than 2k to get approved. I found a different bank and was approved and to closing in about 10 days. They got me approved and closed in 10 days while NVR had over a year. We did end up using their title company for closing and that was a mistake. They were horrible. My sugguestion is that you head from the hills from NVR or their affliated companies unless you're getting something of significant value (i.e a finished basement) to use them.
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09-13-2016
08:34 AM
1 Kudo
Another update here. I called the Loan Officer's boss yesterday. Of course they apologized for the loan officer and his rude text message to me yesterday. Got a call this morning that he repulled the credit and we were good to go. Rate will be 3.875. He will send over documents today. I told he want to close on Friday so that means we must get CD's today. We are hoping that's the case! Will keep everyone updated. I guess contacting the boss got things moving in the right direction VERY quickly!
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09-13-2016
08:31 AM
You can switch insurance coverage whenever you want.
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09-12-2016
06:05 AM
On our condo in MD, Zillow was off by almost 10 grand. For rent they were off by almost $700.
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09-12-2016
06:04 AM
Apparently DW's mid score is 623. He says we need 11 points to get in the 640 range in order to qualify for a rate in the 3.x range. We paid the accounts off almosty 3 weeks ago and the lender did a rapid rescore. Still haven't updated he says on the CR's. He said with the 623 our rate would be around 4.6% which is almost an extra $250 month. He said we could still close with this rate but he wouldn't recommend it. I just sent him an e-mail stating that if we can't get this rate thing under control, how much would it cost to buy down the rate. Will update when I get a response.
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09-09-2016
08:06 AM
Just an update to my situation: We were supposed to close today but couldn't because we didn't have the Closing Disclosures by Monday so it wouldn't have been enough for the 3 day waiting period. Mind you, this closing was scheduled WEEKS out so more than enough time for the mortgage guys to do what they needed to do. We moved the closing to Monday and yesterday we didn't recieve any disclosures so now were at Tuesday at the earliest IF we get the disclosures today. I just fired off an e-mail to my lender. If I don't get docs today I will be shopping for a new lender Monday. We had a slight issue with who's going to pay closing costs but that was resolved in 2 days. During that time we got a conditional approval from the under writer with very simple conditions that were met the next day. I don't understand why it's taken an additional 4 days to get a clear to close. We haven't even locked an interest rate yet!
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08-27-2016
11:43 AM
I have been working with a lender here in the DFW area. We were all set for closing or so I thought. I had expressed since the beginning that I wanted the closing costs rolled into the loan. We had the house appraised and I don't believe they gave the appraiser the correct purchase price as the appraiser came back slightly above the contract price of 384k. They now want us to come up with 4k additional within a week. I told the lender on Friday that this wasn't possible as he just told us earlier in the week to put all extra cash towards paying down credit cards so we could get a rate in the 3.5% range. I'm trying to see what are our options here. I could come up with the money but it defeats the point of having a VA loan and no money down. Has anyone ever heard of the builder just throwing in the additional closing costs just to get the deal done? I'm hesistant at this point to change lenders since were so close to the finish line but I told him wife that if nothing is worked out by next week we will just delay the closing until early Oct. and go on the search for another lender and possibly order another appraisal.
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06-14-2016
11:12 AM
I am looking for a mortgage broker/bank that can do a mortgage while seperated. Home location is DFW area in TX. Any suggestions?
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06-12-2016
09:36 AM
1 Kudo
I applied thru NFCU last week and finally got the GFE. They quoted me almost 18K for closing costs! I'm working with a broker as well and he quoted me at 6k all in plus a rebate. Everything on their GFE was 2-3x other quotes I've gotten. I know they are only "quotes" but in buying my 4th house the quotes aren't too far off what they're actually going to charge you. I see alot of people closing thru them but I had to pass.
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