Ephemera 21

Premadona player

jedwan — Thu, 17 May 2012 16:05:03 +0000

Players are paid way out of the normal of reality for what they do . period……

Ticket prices are out of reach for the blue collar fans.

If the players want more money the owners up ticket prices.If the TV’s will turn into Pay per View only at the rate we are going and Tennis shoes are going to be $250 . The players are out of control, owners will make a profit by a pass through or get out of the buisness. The players want more buy stock and accept the risk that go with it or shut up.

No the players are to blame.

Disputed account?

jedwan — Thu, 17 May 2012 07:00:44 +0000

Hi there, I’m a noob in this forum, so forgive me if I posted on the wrong board. My wife and I recently just started researching mortgage loans since we’re looking to buy a house. I learned from a blog that you can no longer have a disputed account on your credit report and get approved for a mortgage. I lived most of my life overseas so I never checked my credit until I came back to the states when I was 24. When I checked my credit the first time two years ago I found that I have a collection for comcast in 2007 for the amount of $30. But I just came back to the states in 2009. So naturally I disputed this account to EQ TU and EX, saying I have no knowledge of it. When I saw that you cannot have disputed account when applying for mortgage, I panicked and pulled my EQ report from this site. I cannot find the account anywhere in the report, it’s as if it never existed. So my question is…….is this account disputed or simply removed? If it is disputed, is there anything I can do right now to keep the mortgage from being denied?

Does Everyone Go to Manual Underwriting?

jedwan — Thu, 17 May 2012 07:00:44 +0000

We received a full approval-accept for FHA through AU and are now looking for a house. My middle score is now around 737, so I’m wondering if we will definitely go to manual underwriting. My down payment is gift-funded, but fully documented. I thought everyone was manually underwritten, but I have now seen in some [...]

USDA rural loan direct program

jedwan — Thu, 17 May 2012 07:00:44 +0000

I am applied for the USDA direct program and wanted to know if anyone has gotten approved with active collections. I have a few collections that I can pay off, I just would l like to know if they give you an option of paying collections in order to be approved. I would like to hear [...]

Refinance?

jedwan — Thu, 17 May 2012 07:00:43 +0000

I purchased my house on May 2009 on a FHA loan at a 5% interest rate. Is it a good idea to re-finance to get a lower interest rate and lower my monthly payment?

Im so glad this part is over

jedwan — Thu, 17 May 2012 07:00:43 +0000

I just want to let everyone know you can finally sleep. Think, breathe, laugh, and smile once this is done. To me the house is a work in progress. I feel like it is always something that can be done. But the one thing I have to remember is I am the landlord (LOL) there is no one to call when something doesn’t work or needs to be fixed but me. But itis the best place to be on the other side of underwriting and closed :smileyvery-happy:

help with loe

jedwan — Thu, 17 May 2012 07:00:43 +0000

Underwriter wants loe on a couple late car payments from 2 years ago the loan was in my name but car was my sisters should I say that? Will they think i’m full of it? Anybody have similar experience?

What do you think?… will I qualify?

jedwan — Thu, 17 May 2012 07:00:43 +0000

I’m looking to buy my first house and looked at a house a few days ago that I love and was told it was eligible for a USDA loan. I hadn’t thought about a USDA loan before but I looked it up and it sounds like the best option. My main concern with a conventional loan was my employment history. I have good credit, my score was 728 the last I checked, which was about a month ago. I have no debt. I recently graduated from college and have a degree in Early childhood Education. I was in school from September 2010 until February 2012, during which I was renting an apartment. I started my job in August 2010, but am self employed as a nanny and was just working random days, not making much due to school, so I didn’t claim the money on my taxes that year (2010). In January 2011 I started doing my schooling online so I began working more and claimed that money on my taxes in 2011. I also started a part time job in August of 2011. I graduated in February of 2012 and started working even more, almost double, at my nannying job, and recieved a large raise due to getting my degree. So I have been self employed for just a few months shy of 2 years, but the first few months I didn’t claim on 1099s, although I didnt make enough for it to be required. But, I can easily get a VOE from both jobs.

My current total yearly income is:

self employment: about $10,000

part time hourly job: $6,000

My main concern is with my pay raise. Will I be able to prove that my self employment income has steadily increased by providing bank statements of my weekly depeosits? Or will this not be enough?

The house I am looking at is in Ontario county NY and is $54,000.

Obtaining a mortgage after bankruptcy & foreclosure

jedwan — Thu, 17 May 2012 07:00:43 +0000

Hello everyone,

I have a question that applies to my mothers current situation. She will be 2 years post discharge on her bankruptcy this coming June, she had a foreclosure that was included in the bankruptcy. She spoke to the builders lender and he said that she had to be 3 years past the date of the the finalization of the foreclosure before she could apply for a mortgage. Is this correct?

I have done tons of research on the home buying process for myself and looked into buying after a bankruptcy and foreclosure due to my moms situation. I thought that for an FHA loan you had to be 2 years post bankruptcy discharge and if the foreclosure was included in the bankruptcy you didn’t have to wait the 3 years.

Thanks for your help!

Loan cleared underwriting but with conditions we can’t fulfill?

jedwan — Thu, 17 May 2012 07:00:43 +0000

There were three conditions, second two were easy; just most recent paystubs and sign statment saying he hasn’t purchased any other property. But the first one required verification of rent from a landlord, either $500 per month cancelled checks or if from apartment complex a signed form filled out by the manager. We explained from the beginning that we had a nontraditional rental agreement with family that involved watching their house, caring for their animals, buying groceries and paying for a storage unit. We pay $200+ for just the storage unit on a montly basis. Of course, that doesn’t meet the condition of $500 cancelled rent checks on a monthly basis.

Pretty much means it’s dead in the water again right?