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flynn

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  1. oh crap! I was just about to buy a security camera
  2. flynn

    Need to Relocate

    I doubt that I could qualify for two mortgages. But the realtor that sold me this house also has a property management division (10%). Any experience with those?
  3. flynn

    Need to Relocate

    I'm researching... where do I get money for closing on my old house? I don't want to use up cash for this...
  4. flynn

    Need to Relocate

    Being naturally risk-averse, I lean that way, but did not want to rule it out without full consideration.
  5. flynn

    Need to Relocate

    Thanks for responding. Having an apartment for a year before buying in the area sounds like a good strategy. It hasn't been on the market yet, but I've spoken to a realtor and she let me know that I should be ready to bring up to 10,000 to closing, based on how houses in my neighborhood are moving. I have to wait until April due to the 3 year home-buyer tax credit rule. Any thoughts on the rental issue?
  6. flynn

    Need to Relocate

    First of all, thanks to all the information on CreditBoards that I'm even in a position to be asking this question!!! I bought a house about three years ago (thanks God for leading me to CB) and changed jobs shortly thereafter. Have been making a hellish commute - 3 hrs RT - for almost two years. I'm looking to: ***Option 1 - Sell my house Buy a house in the new city My question - What happens to my credit when I sell? If I wait a month or two to buy a new house, will my credit score drop? My credit is currently 740. ***Option 2 - Rent out my house Buy/rent in the new city I am single, and the idea of maintaining two mortgage/rent payments is ***scary,*** especially considering that the house may be vacant for awhile. A friend with rental properties says it's best to plan for 9 months occupancy. If vacancy is an option, it sounds like that's not conservative enough. My questions - How can I mitigate the risk associated with renting my current house out? Is it too much for a single person to take on? ***Either way - in the meantime while waiting for the house to be sold or rented, I have to move a lot of my belongings to storage. I'm hesitant to commit to something in the new city before knowing what the disposition of my current house will be. My questions - I feel like a need a buffer location - Should that be a hotel? How do single people do this?
  7. Absolutely.ridiculous.concept. MBAs are a *product* and "made" to the specifications of corporations. As an MBA and former assistant business professor, we work very closely with leading corporations in each concentration to ensure that our graduates are employable. The problem is that corporations are inherently unethical, and need to be reigned in.
  8. thanks. I'll do that. Yellow pages?
  9. I did a semi-passive credit repair starting in 2005. I really didn't think it would work, but I started opening new credit cards, then disputed old addresses and did Psychdoc's techniques for clearing expired baddies. About a year and half ago, I closed on a house. NOW I have a much better job that's 100 miles away from my house. The commute is not only a time killer (3 hours a day driving, when I could be working) but I have to make a huge effort to get enough sleep so I'm not drowsy driving. Here are my questions: Who (what profession) can advise me? would that be a tax accountant? Is it true that if I take a loss on the sale of my house to move closer to work it lowers my taxable income? I will lose my Homebuyer's tax credit. I guess it will count toward my income I'm worried about getting a new home loan with my credit (I dont know my score, but my card utilization is sub-optimal (50% overall, ranging from 22-73%))
  10. Thanks to PsychDoc's techniques I went from crappy credit six years ago to buying a house one year ago. yippee
  11. flynn

    Monkey wrench

    thanks. That's exactly what I was worried about, as all this paperwork could cover everyone else involved and screw *me* out of the tax credit if I don't close on time. if I *consult* an attorney, and he says I have no reason to worry, then no loss, right?
  12. flynn

    Monkey wrench

    not saying that i "trust" any business person, but isn't it in the title company's interest to make sure this is correct? I'm going to have (title) insurance that they are giving me accurate information - that there are no other claims on the property, right? If I take out a loan to buy a house and then I don't own it, would not this error screw the lender ? I thought that between these two agencies that handle real estate all the time, that I would benefit from their knowledge in this case. How can a lender require me to have title insurance and that title insurance not tell me accurately that I have access to buy the property?
  13. flynn

    Monkey wrench

    Really? Even if the POA and the heirs are the same people? Should I not trust my Title company on this? Thanks for your attention to these questions.
  14. flynn

    Monkey wrench

    I mentioned this in another thread, but wanted to separate this issue out for more responses and to be more helpful in the future. My closing date is Friday (!) and last week I found out the seller died one week after his daughters signed the contract for him (with his POA). They are his only heirs, and they have filed a listing of heirs with whatever court. Basically, the same two people will complete the sale, only now they are his heirs, and not POAs. I am not getting their repairs reinspected until I know I can buy this house. My inspector's time slots are filling up, but he's holding Thursday AM for me. At what point will I *know* I can buy this house? My title person is going to check the filing tomorrow. Is that enough info for me to schedule the reinspection?

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