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Regular Contributor
Tischer712
Posts: 235
Registered: ‎12-02-2011
0

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 :smileysad:. Such a stressful day


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Regular Contributor
User273165
Posts: 133
Registered: ‎03-29-2009
0

Re: Sad Day :(

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

Frequent Contributor
SanFranMatt
Posts: 347
Registered: ‎09-16-2007
0

Re: Sad Day :(

How much was the repo for?

Regular Contributor
Tischer712
Posts: 235
Registered: ‎12-02-2011
0

Re: Sad Day :(

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


Starting Score: myFico Scores Equifax 544 Transunion 585
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Davidngo
Posts: 85
Registered: ‎11-30-2011
0

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
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Regular Contributor
courtney091082
Posts: 244
Registered: ‎07-06-2007
0

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!!!!

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Established Member
meettheheffs
Posts: 20
Registered: ‎05-28-2011
0

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! 

Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011
0

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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Regular Contributor
jnkp2001
Posts: 135
Registered: ‎01-04-2012
0

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....lol:smileylol:

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

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Regular Contributor
Tischer712
Posts: 235
Registered: ‎12-02-2011
0

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.

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