johnecova

That would be ideal, but the SBA loan is more than the house is worth even thought less than the combined value. The SBA loan is in first position on both properties, so would need to figure out how to get a second or remove the home as collateral. Any ideas?

Woops... meant to say that, combined, both properties are worth between $950k & $1.075MM.

Working with a property owner who needs a small loan/line of credit to repay past due property taxes. He has the equity in his home, but the trouble is that he used his house as collateral to obtain an SBA loan to purchase a commercial property. I figured this board may be a good source for help; it would be greatly appreciated. Here's the Scenario Commercial Property: Debt, along with past due taxes, fees, etc. = $590k - Property is worth anywhere between $600-$650k. - We've received a lot of interest from prospective Buyers, but the type of property it is tends to take a while to sell (escrows are usually 90-180 days). Residential: $20,000 Debt - Property is worth around $350-$375k - I don't do residential real estate, but this is what his neighbors got their house appraised for. Total Real Estate value is between $950k-$1.25MM. LTV (combined) is between 48.8% to 64% Owner has already tried to obtain a HELOC/2nd with Wells Fargo, but is having difficulties due to the SBA loan being in first position. Any thoughts?

In process of cleaning up my SO's CBR's. I need the disclosures for wells fargo from 2008-2011 and I can't seem to locate them anywhere. I could of sworn I found a website here a while ago that had all disclosures from all the banks and it was like a fed reserve type of site. help?

Very nice... can I increase those limits with a phone call? Say my brother needs to make an emergency purchase of $100 but his limit is only $50

Even on a charge card?

I care for my mother & brother who are mentally ill... my mom will not make a charge w/out calling me and at least leaving me a VM about it and it's always small charges... but my brother is different I told him to go get himself & my mom some groceries and he charged $50 @ stater bros and came home w/ nothing. Is there any way I can have a card for him w/ a decreased limit? Ultimately I will pay whatever gets charged... as I am not comfortable w/out them having CC's, it makes my life a little easier sometimes not worrying about them being stuck somewhere. As far as reasoning with him, talking to him... I've tried it all.. does not work.. he just doesn't process things in his mind correctly.

I'm selling lease agreements for 25% of approved credit @ NFCU...

Already spoke to NFCU, which they were quite amazing about the whole situation. Gave me a list of everything to do over the next few days regarding their account and that I am not liable for any of the charges so they will place the funds back on the card. But I am still feeling vulnerable so I spoke to a co-worker who advised me that my card probably got cloned @ a gas station(happened to her) when I used it at the machine instead of the cashier and told me to skim all my transactions from my other cards. What additional steps should I take right now to protect myself?

I wanted to compile a directory of chex friendly CU's w/ open membership- (also looking for BK friendly as there are some of you here who have one). I wanted your guys' input on what additional questions to ask. I'll be working on this for the next few weeks and now that my SO is going to school in the evenings I'll have plenty of free time on my hands. Let me know

Have a pet rat(Kiara) that got a bad eye injury, just went to the vet and got some worse news. Everything I got for her cost a pretty penny but it might save her and her eye sight. The 0% for 18 months made the burden much smaller.. Even though i would have taken it out of my savings in a heart beat. I'm so glad I found this site and got my act together.

So going to max out my cap one secured card from $300 to the 3k... I know there are better places to put that money so lets not get into that. I think of it this way... when I used to carry cash, I would misplace a $20 here and there and after a while of not being able to find it... I would count it as a loss... Days or weeks later when I happen to come across that same $20 bill... I felt like a rich man who just made $20. Thats what I'm going to do with Cap1 ... and in the future years when I do close it, I'll have a closed $3k account and $3k. Figured I'd put that here.

When I apped I was denied for the regular zync and given an option for the $500 with auto pay or the $200 w.out. I chose the $500. Now I wonder if the limit restriction is ever lifted? I already searched CB for an answer but came up with nothing. Any experienced holders have an answer?

lol… I do a lot of shopping at wallys world ... but I am a member of CB so I know not to charge my card there will use it only on special gifts @ nordstroms and the likes for the SO

FINALLY! lol Had no immediate use for it, so I figured I'd fill up my brothers gas tank and I'm paying it off once the charge posts