manystyles

Thanks, everyone! As far as Target and NFCU are concerned, after showing them that I'm back on track, would they open my trade line again? I've sent a GoodWill to Target about lates, but have read that NFCU is difficult with GoodWill. Thanks for your time!

"Life changes" will recede slowly, but enough now to get my credit back to were it was. I like the PFD idea. I'll search for the secured card thread. Is there one? Thanks

This board managed to help me get my credit straight some years ago. I was living the 700+ life but, life sometimes shifts on you. Before, I knew it, my score is at(FAKO - 610,598,602). Well, I have to go with the flow, so I'm back for some suggestions/help.Most of my issues are good accounts that were 120+ days late, then closed. As of now I have no cards. Utilization is 0 of 0. Cap One Reported since-02/2006 Last Reported -12/2012 Charge off after 150 days past due - 11/2012 - $1,261 Barclays Bank Reported Since - 07/2006 Last Reported - 02/2013 Charged off after 180 days late - 2/2013 - $1,303.00 Merrick Bank Reported Since - 04/2006 Last Reported - 03/2013 Charged off after 150 days late - 03/2013 Navy Federal Reported Since - 09/2007 Last Reported - 02/2013 Still open but closed credit line. I am paying monthly. Target Reported Since - 02/2006 Last Reported - 03/2013 Still open but closed credit line, I'm paying monthly. ***Sent goodwill*** No reply, yet. All of the above accounts are on all three reports. I had excellent payment history until "life changes" happened. Should I goodwill them, then, if that doesn't work "not mine"?. The saving grace is I've never been late on my mortgage or student loans. Addresses are removed. SOL for Delaware is 3 years. I made settlement on the Barclays card to thwart the judgement that was coming. Should I go with some secured cards? Walmart? Thanks for your time!!

It's from Barclays - AirTran

So, should I overnight CMMR the DV? Just a little nervous about getting a judgement on my report.

If they don't respond can they go forward with the lawsuit?

Delaware. April/2012. $1588.00 Barclays-AirTran

Hello, Did a bit of research on my situation, but can't find anything that fits my situation exactly. Received a letter from Berman & Rabin staing that I owe this debt and I have 30 days to request validation. Well, I've been working on other parts of my report so much that I let the 30 days pass. The next letter I receive, dated March 11, tells me I have 10 days from date of the letter to pay in full or a lawsuit maybe filed. Please call. Which gives me 2 days. What are my options here? PFD by CMMR overnighted? I believe it's too late to DV, correct? Thanks for your time. MS

Bloody but Unbowed, Yes, it's Beazer. We didn't do the builder lock rate. We decided to do a Hard lock for 6 months at 5.35% with 1.25 points. The Builder Lock rate would require us to kick out about 3.5k in the beginning. They didn't have that clause that you mentioned. They did have an extension you could purchase, of course.

Bloody but Unbowed, We had looked at houses and builders for about 6 months. We liked this one. Used their mortgage company(BOA).Used a real estate agent who was recommended by a good friend. She knew her stuff, to say the least. She got us: 1. Free basement area walkout 2. Free sunroom 3. A clause that states if the builder isn't done by the 8k tax credit ending, then the builder has to come out of pocket. The builder: 1. 20k off the price 2. 20k in upgrades 3. Paying all closing costs per VA Some other things, but I can't remember.

Are the above closing costs typical for VA Loan? I know some junk fees don't have to be paid. Thanks

Here is the information about the Loaner Builder Rate: Closing Cost Worksheet Closing Cost Worksheet 1st Lien Base Loan Amt: $380,000.00 Term: 30.00 Loan Amt with MI/MIP/VAFF: $388,170.00 Interest Rate/APR: 5.500 %/5.658% 2nd Lien Line/Loan Amt: $0.00 Term: 0.00 Interest Rate/APR: 0.000 %/0.000% 1st Lien Loan Program: Govt Fixed 30 2nd Lien Loan Program: Prepared: 11/07/2009 Proposal: Proposal 1 Property Address: Purchase Price: $380,000.00 LTV/CLTV: 102.15%/102.15% ________________________________________________________________________________ _________________________________ ITEMS PAYABLE IN CONNECTION WITH LOAN FIRST LIEN SECOND LIEN $ 7,278.18 ------------- Discount Points 1.875/ % $ 300.00 ------------- Appraisal Fee - Paid to Third Party $ 35.00 ------------- Credit Report Fee - Paid to Third Party $ 495.00 S ------------- Lender Fee $ 26.00 ------------- Flood Check Fee - Paid to Affiliate ________________________________________________________________________________ _________________________________ ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE $ 877.35 ------------- Prepaid Interest First Lien 15 Days Interest @ $ 58.49 Second Lien 0 Days Interest @ $ 0.00 $ 720.00 ------------- Hazard Insurance - 1st Year - Paid to Third Party ________________________________________________________________________________ _________________________________ RESERVES DEPOSITED WITH LENDER $ 240.00 Hazard Ins Upfront Impound 4 Months @ $ 60.00 Month $ 300.00 City Taxes 10 Months @ $ 30.00 Month $ 1,450.00 County Taxes 10 Months @ $ 145.00 Month ________________________________________________________________________________ _________________________________ TITLE CHARGES $ 150.00 ------------- Abstract/Title - Paid to Third Party $ 25.00 ------------- Title Binder - Paid to Third Party $ 400.00 ------------- Attorney Fee - Paid to Third Party $ 1,217.00 ------------- Title Insurance - Paid to Third Party $ 40.00 ------------- Courier/Express Mail-Clsng - Paid to Third Party ________________________________________________________________________________ _________________________________ GOVERNMENT RECORDING & TRANSFER CHARGES $ 250.00 ------------- Recording - Paid to Third Party $ 5,700.00 ------------- City Or County Tax Stamp - Paid to Third Party Continued on page 2 ________________________________________________________________________________ _________________________________ TOTAL ESTIMATED FUNDS NEEDED TO CLOSE: TOTAL ESTIMATED MONTHLY PAYMENT: ------------- Down payment $ 2,203.99 First Lien P&I ------------- Debts to Be Paid Off ------------- Second Lien P&I $ 15,916.18 Estimated Closing Costs $ 175.00 Taxes $ 11,757.35 Estimated Prepaid Items/Reserves $ 60.00 Hazard Insurance $ (10,495.00) Seller Credit ------------- Mortgage Insurance ------------- Lender Credit ------------- HOA Dues $ (8,170.00) Financed PMI/FHA/VA Funding Fee ------------- Other $ (2,500.00) Earnest Money _____________ _____________ $ 6,508.53 Total Funds From/ (To) Borrower $ 2,438.99 Total Monthly Payment ============= ============= This is the info about the Hard Lock Rate: Closing Cost Worksheet 1st Lien Base Loan Amt: $380,000.00 Term: 30.00 Loan Amt with MI/MIP/VAFF: $388,170.00 Interest Rate/APR: 5.250 %/5.463% 2nd Lien Line/Loan Amt: $0.00 Term: 0.00 Interest Rate/APR: 0.000 %/0.000% 1st Lien Loan Program: Govt Fixed 30 2nd Lien Loan Program: Prepared: 11/07/2009 Proposal: Proposal 1 Purchase Price: $380,000.00 LTV/CLTV: 102.15%/102.15% ________________________________________________________________________________ _________________________________ ITEMS PAYABLE IN CONNECTION WITH LOAN FIRST LIEN SECOND LIEN $ 9,704.25 ------------- Discount Points 2.500/ % $ 300.00 ------------- Appraisal Fee - Paid to Third Party $ 35.00 ------------- Credit Report Fee - Paid to Third Party $ 495.00 S ------------- Lender Fee $ 26.00 ------------- Flood Check Fee - Paid to Affiliate ________________________________________________________________________________ _________________________________ ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE $ 837.45 ------------- Prepaid Interest First Lien 15 Days Interest @ $ 55.83 Second Lien 0 Days Interest @ $ 0.00 $ 720.00 ------------- Hazard Insurance - 1st Year - Paid to Third Party ________________________________________________________________________________ _________________________________ RESERVES DEPOSITED WITH LENDER $ 240.00 Hazard Ins Upfront Impound 4 Months @ $ 60.00 Month $ 300.00 City Taxes 10 Months @ $ 30.00 Month $ 1,450.00 County Taxes 10 Months @ $ 145.00 Month ________________________________________________________________________________ _________________________________ TITLE CHARGES $ 150.00 ------------- Abstract/Title - Paid to Third Party $ 25.00 ------------- Title Binder - Paid to Third Party $ 400.00 ------------- Attorney Fee - Paid to Third Party $ 1,217.00 ------------- Title Insurance - Paid to Third Party $ 40.00 ------------- Courier/Express Mail-Clsng - Paid to Third Party ________________________________________________________________________________ _________________________________ GOVERNMENT RECORDING & TRANSFER CHARGES $ 250.00 ------------- Recording - Paid to Third Party $ 5,700.00 ------------- City Or County Tax Stamp - Paid to Third Party Continued on page 2 ________________________________________________________________________________ _________________________________ TOTAL ESTIMATED FUNDS NEEDED TO CLOSE: TOTAL ESTIMATED MONTHLY PAYMENT: ------------- Down payment $ 2,143.49 First Lien P&I ------------- Debts to Be Paid Off ------------- Second Lien P&I $ 18,342.25 Estimated Closing Costs $ 175.00 Taxes $ 11,717.45 Estimated Prepaid Items/Reserves $ 60.00 Hazard Insurance $ (10,495.00) Seller Credit ------------- Mortgage Insurance ------------- Lender Credit ------------- HOA Dues $ (8,170.00) Financed PMI/FHA/VA Funding Fee ------------- Other $ (2,500.00) Earnest Money _____________ _____________ $ 8,894.70 Total Funds From/ (To) Borrower $ 2,378.49 Total Monthly Payment Thanks

Brian B The Loan Professor, So, don't lock anything at the momment and keep my eyes on what the rates are doing? Is there a good site to monitor rates? "and if not that 2.5 points could probably buy you down" Could you explain this a little further? Thanks

Hello, We are pre-approved(380k) for a new construction under the VA program. It was a long day because we had to get pre-approved and pick out options, etc for the house. The in-house mortgage officer(Bank of America) told us about two options. The first was the builder lock rate with float down option: 1. 1% up front cost. based on the house price. Ours would be 3.8k or so. 2. .5% is paid back by thu builder and the other .5% is paid back by BOA. Which he said we would get back at closing. 3. If the rate changes by the time construction is done, we have a float down option 60 days before closing that would bring us to what the current lower rate is OR if the market goes up, we are protected because our rate is kept the same. 4. If selected this type of program has less points. Ex. 0.875points + 1 point added for builders option = 1.875. 5. The rate is for four months plus two months extension, if needed. Hard lock rate: 1. Just locks our rate for 6 months 2. If the market goes up after our 6 months, so does our rate. 3. their estimating to be done in 5 months. 4. No money up front I'm a little confused on the builders program. Is it even necessary to do that or could we just lock in the 5.25% with 2.5 points? Sorry, if I'm not too clear on the info. It is a little confusing. Thanks for your time.

Its a house being built by a builder. That's ok, correct?