Thank you! ... View more

Thanks you guys! This is helpful. They left voicemail messages everyday for a couple of weeks until I told them to stop. I guess they will send letters now. The good thing is it will be great when I pay them in full (no settlement) and get them off my back for good! I certainly do not want this debt to continue to haunt me.   Question - If I decide to accept the settlement offer, I will have to report the difference as income for tax purposes right? Message Edited by BBYGRL on 07-30-2009 01:08 PM ... View more

@Anonymous wrote: Congrats! I love the feeling of a new CLI!   Oh yeah!!!!! ... View more

@Itsmeagain wrote: @BBYGRL wrote: After a year and a half, I finally got a $2k increase. Discover was stubborn every time I asked a CR for a CLI. They said I was declined (no reason) and told me they would have to do a hard pull to determine my eligibility - two of my scores were over 800 and the other one was over 780 at the time with no negatives and UTL was below 5%.   Believe it or not, I called the number on the back of my card and used the automated service today and BINGO! I'm happy now!  No more CCs and CLIs for a while. Just gardening now!     AWSOME!!! . . . Congrats BBYGRL.  Quick question . . . . what were your scores when you initially applied for Discover.  Maybe that was why they made you wait so long???  Reason I ask is because I call every 6 mo. and get a CLI like clockwork and my scores are in the mid 700's. Thank you Itsmeagain! My scores were all over 760. I called every 6 months and they said they required more info and it would be a hard pull. The inquiry wasn't worth it at the time since I was going to apply for a mortgage so I waited patiently. ... View more

@Anonymous wrote: Congrats!   Didn't you get a Citi Platinum Amex a while back BBYGRL? How is that card working out for you? I want it really, really bad.  I did get it and changed it to a Citi Rewards soon after. I use the card on occasion.  I tend to use my CU Visa and my Discover card on a regular basis. ... View more

I know this is late but I wanted to congratulate you on your new home GFer!!!!!   BBYGRL! ... View more

@Anonymous wrote: Okay, I should specify that this is as-is, so the seller won't make any repairs. The only thing my realtor thinks they'd be willing to do is termite treatment if it was deemed necessary, just because no lender, FHA or otherwise, will finance a house with termites.   Mine was as-is as well. The bank did replace the water heater, did the termite treatment and gave me $2k back for the roof. ... View more

I was approved for a FHA loan in Jan. Although I clearly need some roof work, they didn't mention it. Their only request was to fill in the hole where the dishwasher belongs. I bought one 4 days before I closed.  Go figure? ... View more

Don't give up!  Your hard work will pay off!  I'm praying for you! ... View more

I hope so too. I haven't had the pleasure of following your posts. I'm curious to know why there's a big difference between your EQ and TU/EX scores. What's up with that? It has to be frustrating. I hope you can resolve it - and quickly.   Your EQ score is awesome! Congrats. ... View more

Here's Wikipedia's definition:   A Zombie Bank refers to a bank with a net worth which is less than zero, but which continues to operate because of implicit or explicit government guarantee. Zombie banks are a key factor in causing a silent bank run, since the reliability of the government guarantee can be called into question when a significant number of banks are in distress.[1]   I'm sure someone will update it soon. ... View more

I'm sorry to hear that. I'm watching my CL's closely here in Cali. Especially my BofA Amex. ... View more

Congrats GFer! I remembered your posts when I was in escrow. My only FHA requirement was to buy a dishwasher for an open space a couple of days before I closed. I was "home" free after that. Seven will be the charm for you. Please keep us posted. I'm excited for you!   BTW - Coordinating the inspector, gas & electric companies, the appraiser and the termite co was a nightmare. I was patient only because the seller paid for the termite inspection, treatment and all of the repairs. I almost didn't close on time. Whew! Message Edited by BBYGRL on 02-20-2009 11:46 AM ... View more

@happy0510 wrote: Wow...we are pretty close to each other! That makes me feel better knowing you were able to find something so affordable.  Most people on this forum are purchsing in the mid 200's at the most...ha ha ha...200's??? ya right in L.A.!!!  I figure we should qualify for 350K safely but I'm still concerned there is nothing decent out there for that price! But, I haven't been looking around and you have. Tell me, does it look good?   Happy Keep looking. They're out there. ... View more

Congrats!  I'm a single mom as well. I just bought a REO in the LA/View Park area for 344k and received 12k for closing. I love the area. The only downside to REOs is that they are AS IS. Make sure you have enough $ for moving and fix up costs. I've spent close to 3K so far to make my home more comfortable.  Although it's a worthwhile investment, thank God for the $8k tax relief!   Good luck. ... View more

In SoCal - My offer was 320k + closing costs on a 1495/7100sqft REO listed at 344k. I accepted their counter offer of 344k + closing (they agreed to pay termite inspection, treatment and repairs and a brand new water heater).  The house has copper pluming, upgraded heating and electrical, has been retrofitted (we shake a lot in Cali) and both bathrooms have been upgraded and the former owners added a huge family/bonus room which can be converted into a bedroom + den. It will need some TLC though. The appraiser kept asking "How much is she getting this house for?"  The comps are $444K in the area- last I checked.  I was lucky enough to get my bid in first. There were multiple offers within hours.   I'm still in escrow. I should close sometime next week. I hope. ... View more

Thanks Mark.  ... View more

@Anonymous wrote: It fills the requirement 226(a) section 4: Underwriter Job Justification.   Unless the hole where the dishwasher goes genuinely presents a safety hazard, it's not required. In fact, for FHA, only a cooking device ( hot plate) and sink are required.    Be happy that's the only 'subject to' requirement they hit you with, from what I've read in appraiser forums, some underwriters can be extremely unreasonable when reviewing appraisals, though luckily, that's pretty rare.   I'm extremely happy that it's the only requirement.  I was just puzzled as to why it would hold up my loan docs. The open area is unsightly. I suppose it looked like a safety hazard in the photos. I could've simply covered it or installed a cabinet.   Thanks for the info. ... View more

Whoo hoo! Congrats Wonderin! You deserve it! All of your hard work paid off. You are an inspiration!   I hope to have the same news next week. I'm still in labor - I mean escrow. My sellers are dragging their feet.    I'm so excited for you and your family. Let's all do the happy dance! ... View more

Ditto!  Thansk FicoScott! ... View more