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BTFLY

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  1. Credit Application: Auto Loan Hi, Auto Loan for my daughter. Very weak/little credit history. Pulled TransUnion only, but I'm sure the others are definitely over 700 as well. She had a 20 year old car, but the engine went out this week. Thinking it's time for something else instead of fixing it. She was away at college, had some medical issues and is now home working full-time, starting back to school in a few months but will have no problem making the payment since she has no other bills (almost done with the medical bills). We did the Capital One pre-approval and got a rate of 11% on a 2 year old car with about 30k miles. I was thinking she would be able to get hopefully about half of that rate. What do you think? I think she will get approved somewhat easily, it's more or less the rate I'm worried about. She hasn't officially applied anywhere yet, but may drop in the Honda place this week to try it. I'm not able to co-sign, I'm in grad school with very limited income. I have a family member who may be able to co-sign, but would definitely prefer not to go that route if not needed. Your Age: 19 Your Equifax Credit Score: Your Experian Credit Score: Your TransUnion Credit Score: 711 How long have you been on file with the CRA?s? 1yr 8 mos. No Loan history ever, no trade-in. Revolving Credit History: No late payments Total number of revolving accounts? 2, Discover and Kohl's Total percent utilization overall? 1% How long at residence? 1 year Rent/Homeowner/Live with relative? Live with parent How long at current job? 4 months Total Provable MONTHLY GROSS INCOME? $2200 Provable via computerized paystub or what method? Paystub Your Downpayment in CASH: $1200 Rebates not considered; Trade Equity not considered: CASH ONLY PLEASE INPUT. No adverse credit history. New or Used Vehicle you are considering; please describe: Honda or Toyota, hopefully max of $20,000 New Honda Civic or 2-3 year old CR-V or Rav-4 Your creditworthiness on a scale of 1-10 with 10 being the best: OVERALL credit: Installment Credit History: No installment history Revolving Credit History: 10
  2. You are definitely right and in hindsight there are a lot of could have's I won't make the mistake of if I ever have to go through something else like this. I think the reason I didn't force the quitclaim issue after I divorced was 1. I thought I would live in the home until after grad school then move out of state and 2. I let life get in the way. I was so stressed with actually getting my ex out of the home that I had to take a leave of absence during the divorce then was trying to put the kids and mine life together afterwards. My job dished out major paycuts within months of my divorce and my ex didn't pay child support for well over a year (leading to the bankruptcy). Couple years later I eventually rebounded and got a much better job and started the modification process, but it was a long and lean couple of years for us. The quitclaim issue just unfortunately became last of a very long and tiring list to do.
  3. Absolutely. I stressed and cried and probably got a few more wrinkles when it all turned out okay and even better than before. I will say one thing that helped was that I had zero emotional attachment to the home and that's something that the Greenpath counselor and I talked about. Still embarrassed some about all of it, but it wasn't nearly as bad as I was expecting.
  4. Just an update for anyone who reads/searches for similar circumstances. I always like to know how somethings ended. Things moved very quickly after I last posted on here. Got a notice to foreclose and had to be out of the house by late October 2017. I was not expecting it to happen that quickly. Spoke with someone from Greenpath as well as someone from somewhere in my state to prevent foreclosures. Greenpath stayed on the phone with me for more than an hour and was exceptionally helpful (moreso emotionally than anything). The Greenpath guy and I talked with Carrington and Carrington said the only way to rectify things was to pay more than 20k immediately for back pay/fees/interest or to foreclose. I could have gotten the money from my retirement but felt it was time to call it quits on this house and let it go. Moved to an apartment and told my daughters that I sold the house quicker than I had thought and we were moving out of state to wherever mommy got into grad school at. Lots and lots of tears and almost mental breakdowns later and letting the house go has been the best thing for me. To stay in the house meant I could only apply to the one grad school in my area. Since I knew I had to move, I applied multiple places (increasing my odds of even getting in) and got into my #1 choice 7 hours away. We stayed in the apartment until May of this year and have moved into our new rental where we will stay until grad school is over. I won't have a foreclosure on my reports because I had done Chap. 7 on it a couple years before. Ex may have a foreclosure because he didn't sign the quitclaim. Moving/foreclosure/name in the paper/things sitting on the sidewalk after I had moved was the most stressful thing I've ever been through, but it all turned out okay. Now just to get through school and watch my girls grow up and keep them from repeating some of the many mistakes I made through all of this. In short, there is life after foreclosure and its not nearly as bad as I was expecting.
  5. Thanks. I filed 3 years ago but have only recently moved. I think the address may still be on there due to old mail/bills probably still going there. Hopefully I can fix all of this in the next few months.
  6. Attempting to do this now with Equifax. I tried to dispute the old address online but got a message to fax a copy of DL, SS card within 24 hours. Anyone else get that message. My DL still shows the address for the BK so I guess I need to go get a new DL with my new address before disputing?
  7. Thanks for this. I think I am going to go ahead and plan to move next summer, hoping to stave off a foreclosure until then. I'll be in grad school for 2.5 - 3 years starting next summer and will come out of school more than doubling my current income. I'll be ready to purchase again at that time, but am hoping either a foreclosure or short-sale will have happened in that time so that I can purchase right after I'm done with school.
  8. ^^^^^^^^^^^THIS^^^^^^^^^^^^ This and other consumer self-financial help boards are littered with stories of ex's who signed quitclaims and found themselves stuck with paying the mortgage after receiving bad legal advice during the divorce proceedings. Methinks the OP's X got good legal advice from their divorce attorney for a change OR read stories like those posted online about quitclaims after a divorce and said in no way will I ever sign a quitclaim unless the house is sold and I'm at the closing table. I'm positive he didn't get legal advice from a lawyer. He couldn't afford a divorce attorney when we first divorced. He is extremely spiteful, possibly narcissistic, and wants to see me fail even if it's to the detriment of the children. He knew I had very short notice to get it signed and said he would only sign it that quickly if I told the court system to get rid of the thousands of back child support he owes. He wanted me to call them up and lie and say he has actually paid it when of course he hasn't. When I wouldn't agree to that, he said that I could just take him to court to get it signed. Sounds like he could use a few nights in jail to think about his financial obligations. Possibly, but I don't think he cares. Lots of life lessons I have learned by dealing with him.
  9. I asked the clerk about having it enforced and she said I would need a lawyer for that. Doesn't matter now anyway. After looking over the numbers and my future plans, I have decided to let the house foreclose or try for a short sale. I had plans to move out of state in a few years when I'm done with grad school and I'm thinking it's time to just go ahead and move now. Even though my ex lives in another state and may see the children a handful of times a year, I would still need to go back to court to ask for permission to move away with the children. Hopefully the foreclosure won't happen before next May when school is out for the kids and I will just plan to see my divorce lawyer this winter as soon as I know where I'm accepted for grad school - I will then go to court for permission to move as well as go ahead to have the quitclaim enforced so that a short sale will hopefully go quicker if I can get one. Well...if he's still on title, you can't do the short sale without his cooperation so, you aren't cutting any corners by going that route. the only route you have available without the ex's cooperation is foreclosure. I'm planning to go ahead and go with the court system and file a motion of contempt. I figure that I should have time to have that resolved before a possible foreclosure. I'm not emotionally tied to this house and had plans to move anyway once done with grad school. I think I'm just going to take this as a sign that I should plan to move next year instead of waiting a few years. In some ways it's less stressful since I won't have to worry about trying to sell the house, but of course foreclosure/short-sale brings about a lot of stress and uncertainty as well.
  10. I asked the clerk about having it enforced and she said I would need a lawyer for that. Doesn't matter now anyway. After looking over the numbers and my future plans, I have decided to let the house foreclose or try for a short sale. I had plans to move out of state in a few years when I'm done with grad school and I'm thinking it's time to just go ahead and move now. Even though my ex lives in another state and may see the children a handful of times a year, I would still need to go back to court to ask for permission to move away with the children. Hopefully the foreclosure won't happen before next May when school is out for the kids and I will just plan to see my divorce lawyer this winter as soon as I know where I'm accepted for grad school - I will then go to court for permission to move as well as go ahead to have the quitclaim enforced so that a short sale will hopefully go quicker if I can get one.
  11. ^^^^^^^^^^^THIS^^^^^^^^^^^^ This and other consumer self-financial help boards are littered with stories of ex's who signed quitclaims and found themselves stuck with paying the mortgage after receiving bad legal advice during the divorce proceedings. Methinks the OP's X got good legal advice from their divorce attorney for a change OR read stories like those posted online about quitclaims after a divorce and said in no way will I ever sign a quitclaim unless the house is sold and I'm at the closing table. Sadly, those of us caught up in the cesspool of family law have had to live through the crap of the conflict between Family and contract law. If a judge orders the quitclaim, unless you are going to pony up even more money to your lawyer, and unless your lawyer is successful in convincing a judge to abide with your wishes, you're gonna end up disappointed. I'll send my divorce decree for anyone with spare time so you can read for yourself how ridiculous the lawyers and judges are and how clueless they are to the impact this situation has on the person that signed the quitclaim. My ex isn't a borrower on any of the mortgage papers, so he will lose nothing by signing the quitclaim. I'm guessing he's not signing it for a multitude of reasons, one being that he thinks he may see some profit if I were to sell it.
  12. ^^^^^^^^^^^THIS^^^^^^^^^^^^ This and other consumer self-financial help boards are littered with stories of ex's who signed quitclaims and found themselves stuck with paying the mortgage after receiving bad legal advice during the divorce proceedings. Methinks the OP's X got good legal advice from their divorce attorney for a change OR read stories like those posted online about quitclaims after a divorce and said in no way will I ever sign a quitclaim unless the house is sold and I'm at the closing table. I'm positive he didn't get legal advice from a lawyer. He couldn't afford a divorce attorney when we first divorced. He is extremely spiteful, possibly narcissistic, and wants to see me fail even if it's to the detriment of the children. He knew I had very short notice to get it signed and said he would only sign it that quickly if I told the court system to get rid of the thousands of back child support he owes. He wanted me to call them up and lie and say he has actually paid it when of course he hasn't. When I wouldn't agree to that, he said that I could just take him to court to get it signed.
  13. I guess it's reasonable for them to have a quitclaim. It's just that they never asked for one until after I had made 10 or so trial payments, then they said my divorce decree would suffice so I sent that. That's when they said we need a quitclaim in 2 weeks or your modification is denied. Just seems very shady on their part. I would keep the house in the divorce and he was to file a quitclaim. I know that I should have enforced him signing one long before now, but life happens and I never thought I would need it until much later. Live and learn I suppose.

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