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Sad Day :(

Regular Contributor

Sad Day :(

We were in the process of all of our paperwork for our mortgage, and BAM. Underwriter denied me for the sole fact my reposession is still reporting from over 6 years ago. It is not paid, and it is supposed to drop off in January 2014. I refuse to make payments on it since it is only a year away from dropping off. So we went from being able to look at 132k homes to 70k homes. My fiance is fine but without my income we can't afford more Smiley Sad. Such a stressful day


Starting Score: myFico Scores Equifax 544 Transunion 585
Current Score: myFico Scores Equifax 655 Transunion 663 Experian 645
Goal Score: 700 Across the board


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Message 1 of 16
15 REPLIES
Regular Contributor

Re: Sad Day :(

Sorry to hear that. Hope everything works out for you.

Message 2 of 16
Frequent Contributor

Re: Sad Day :(

How much was the repo for?

Message 3 of 16
Regular Contributor

Re: Sad Day :(

3750 i think...Now it is aroun 6k...rough estimates


Starting Score: myFico Scores Equifax 544 Transunion 585
Current Score: myFico Scores Equifax 655 Transunion 663 Experian 645
Goal Score: 700 Across the board


Take the FICO Fitness Challenge
Message 4 of 16
Contributor

Re: Sad Day :(

I say just pay it off and get the home of your dreams.

MyFICO Pulled: (11/28/2012) EQ 635, TU 650, EX 661
Lender Pulled: (12/05/2012) EQ 635, TU 677, EX 641
Lender Pulled: (02/20/2013) EQ 667, TU 661, EX 648
MyFICO Pulled: (05/30/2013) EQ 712, TU 685, EX 686

Finally Hit the 700's as of 06/05/2013!!!
Message 5 of 16
Regular Contributor

Re: Sad Day :(

Maybe you could look for another place to loan through? Call around and see if anyone would be willng to work with you? 

9/1/2012 ...DRUMROLL .... EQ .. 776!!

I'm FINALLY a homeowner .. 10/24/12!!!!

My Cards ~~~GARDENING~~~ BNSF CU ($1000) BOA ($2500) Amazon / GE ($900) AMEX BCE ($2500) Chase Freedom ($3000) US Bank Cash + (7500)
Message 6 of 16
Established Member

Re: Sad Day :(

Completely get it! My lender said my mid score needed to be 620. I hit it on Monday with a 628.. Today when the lender pulled it was lower.. 

 

Just look on the brightside and realize everything happens for a reason. Hang in there! 

Message 7 of 16
Valued Contributor

Re: Sad Day :(

Refuse to make payments because its only a year away from falling off? Remember this is still your debt and your responsibility I would just pay it off and have them do a rapid rescore
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Message 8 of 16
Regular Contributor

Re: Sad Day :(


beb86 wrote:
Refuse to make payments because its only a year away from falling off? Remember this is still your debt and your responsibility I would just pay it off and have them do a rapid rescore

sure, everyone has 6K hanging around....lolSmiley LOL

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Message 9 of 16
Regular Contributor

Re: Sad Day :(

It's not that I refuse to pay the debt. I owe the debt I know that. But when they paid another company to try a collect it and they used tactics like they did. They won't see a penny out of me. On top of that I know as soon as I make a payment all hell will break loose.

Starting Score: myFico Scores Equifax 544 Transunion 585
Current Score: myFico Scores Equifax 655 Transunion 663 Experian 645
Goal Score: 700 Across the board


Take the FICO Fitness Challenge
Message 10 of 16