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Posts posted by pandora80

  1. I


    Thanks that is good information to have I shouldn't have an issue that getting at least 5.5%, also is it true that you can refinance the first year with minimal cost? I heard this from a CSR on the phone but I wanted to get more of a confirmatio

    Im a bit fuzzy on this. I have gotten different answers about the cost. I don't think you will see a substantial savings maybe a cpl hundred here or there at least thats the general impression I got having to read between answers. I will ask again see if I cant pin someone down with an answer.

  2. Depending on where in Atlanta metro your looking to rent there are some options. Douglasville has a NSP program where they purchase properties and either sell or lease. Dekalb also has a similar program. Cobb, and Fulton county have resources as well. I am not home so no access to the detailed info but will be glad to get it for you. Not sure about Douglasville income limits but Cobb, Dekalb, Fulton I think you can make it under the cut off. Credit is not an issue with these programs and they work with you to get your budget under control and let you pay deposits in installments. Like I said not sure about the income limits but it never hurts to ask

  3. Ok so here is my situation. In Nov 2013 I got behind on my car payments due to unexpected loss of income and health crisis for my SO. In Jan 2014 we decided to let the car go back. The car was financed with Santander. Fast forward to present. I relocated to Atlanta Ga for higher paying position. My SO and children are still in NC till school gets out. I currently own my home in NC and looking to buy a new home in the metro Atlanta area.


    I reached out to several lenders about getting a pre-approval. I have been pre-approved with quicken loans at 4.125% with 5% conventional on condition the charge -off for repo be paid. The current balance is 7630. I have no problem settling this account however it leaves me with barely any money for down payment. As I am currently supporting 2 households doesnt make for building savings a quick under taking.


    I spoke with a broker who looked over my credit reports and he feels I should not need to pay the charge off .


    So my question is , is this something that could become an issue in underwriting? I don't want to get caught off guard half way through the process. With the new mortgage payment my ratios are 25/27 my middle score 640 . My current ratio 7/10

    Should I just go ahead and try to settle this account with Santander for less and take the hit with notation or pay it in full or leave it alone. Help lol

  4. A little late in answering but there is the NHF Platinum Grant 5% of purchase req 680 score DTI under 45% and 2 months reserves of new mortgage piti. Also Invest Atlanta has some grants and special incentives if you are looking in the city of Atlanta . Fulton County has a NSP program. Gwinnett County does 7500 1st Time Home Buyers, Cobb County has a NSP program with up to 20,000 assist. Decatur also has 1st time buyers for 7500.


    Hope it helps best of luck

  5. Hey guys ,


    So we are getting ready to purchase our 2nd home and in doing some research , decided to check what Navy offers. I chatted with one of their mortgage agents and asked about score requirements , dti ect for their products and was told there is no minimum score requirements,


    I have seen more questions than answers regarding Navy mortgage products, and did a quick search and did not find this information already posted ( if it has been and I missed it , I apologize for the duplication)


    I followed up the chat with a call to Navy since the choice of wording left me wondering what she meant. And was told again there is no min score req.


    Here is a copy of the statement


    Financing 100% is riskier than when someone puts their own money down. Without PMI for both the HomeBuyers Choice (HBC) and the 3/5 and 5/5 ARM. Only the HBC has the 1.75% funding fee (HBCFF) that you are allowed to roll into the loan.

    Lynne: Navy Federal does not provide a credit score number requirement on any of its mortgage products. Each mortgage product has different criteria for qualification, which includes credit history, debt to income, and loan to value ratios. All of these factors are taken into consideration and are reviewed along with underwriting guidelines to determine if a loan will be approved.

    Lynne: The assigned loan officer will be able to discuss these factors in greater detail once you apply.

  6. WoW! Shock.... Yesterday after reviewing my report, started an online dispute with TU about old addresses, name variations, phone numbers and a couple of collection accounts for the same debt. I woke up this am with a investigation complete email waiting for me. Go to my TU account and poof everything I requested to be removed was.


    Not sure if I should be happy or concerned lol :blush::grin:

  7. So today my other half calls me at work and says some law firm Kramer and Associates sent a debt collection email to their email address for me , spelling out exacly how much I supposedly owe, to whom ect. My basic question is , is that legal?


    I have spent a few min looking into it. From what I am seeing so far , email dunning isnt illegal persay , however sending info about my alleged debt to a third party is. I am probably giving to much credit here, but considering the email address they sent it to , is my other halfs full name their would be an assumption that someone else is getting that email not me? Smh



    Any ideas where I can find some clear info on the matter? I was hoping my state had some clear guidlines on this (Im in NC) but cannot find anything clearly addressing email contact.

  8. Had a lender tell me today that having lates (student loans not in default- no others on my credit report) may affect or even disqualify me from a loan regardless of my credit score and income... I know that the lates very negatively affect my score (estimating 130 - 150 point - and that feels punitive enough to me) so I am not sure why the lates should cause that much of an impact beyond the score. Anyone have experience or knowledge of this? After paying down some debt my score should be near 660-680 at the end of March and it is very disquieting to think that those lates (yes...I know that they are my fault) could hurt my loan chances even though my income is good, have basically no debt, a nice downpaymnet, and have moved my score up to an acceptable range..... Oh...and he says paying the SLoans off completely so they show as paid and closed will not help at all. :cry2:



    I was approved for a mortgage today, with a 30 day late from Sep 2011. I got a FHA 30 year @ 4%. My scores were 651,627,631 I would try talking to another lender see what they say.

  9. APPROVING BANK:Santander






    MILEAGE 13000


    AMOUNT OF LOAN: 17301



    APR/LEASE RATE: 13.24

    MONTHLY PAYMENT: $348.12


  10. send the sleaze bag a letter telling him you are filing an ID theft report. with the CRA's


    request from him all the information you need to file said report and ID theft affidavit .


    read how to do all that on the ID theft forum. here on CB.


    call the CRA fraud dept, don't dispute it thru the regular channels.


    ask them to block it .

  11. Do you have a hard copy of the report?



    I ordered one have not received it yet, should be in the mail box in the next couple of days. I know there are differences in the online v hard copies @ times, but the ca has 1# as the client reference number. I dont know just so aggro right now lol

  12. File a police report that the account is not yours and is id theft.


    How do I file a police report with no information?? I have never had to do so, I dont have an account number just the letter and entry on my credit file, but neither have an account number just 1# thats it.

  13. Hi all


    Ok heres the situation, in April I received a collection letter from Robert M Cohen " In-House Counsel" for American Credit and Collections, LLC. This is the first I have ever heard from these people, they are trying to collect for a Penn Foster account for $ 1075. So I send out a DV which they signed for on the 22nd of April. I dont hear a peep from them, on April 30, I pull my credit report all clear.


    On May 18 I pull again and low and behold theres a collection for ACC for 1075.00 wtf? Now, I still have not heard from these clowns, and after some research on this PENN FOSTER and ACC I have realized I am dealing with real sleeze here.


    Per my understanding wouldn't them placing this on my credit AFTER receipt of a DV within the initial 30 days constitute continued collection activity? Im in NC so I am looking at the state laws here also. Not really sure how to proceed ? I am in the middle of buying a house, and I will NOT pay this. Its not mine never heard of PENN FOSTER prior to April. But, I need this off ASAP, as I am sure if another report is pulled they will try to make me pay this before closing. Any advice is much appreciated.


    edited to add : There was no 30 day ect on the letter I received either, just this is a communication from a debt collector all information blabla

  14. Hi All


    Title pretty much sums it up, I check my reports today and low and behold theres an entry by I C System, for an ATT bill from 2005. I have sent out timely DV's to every agency all 9 never got anything from any of them.


    Now I have not had any communication from I C System no calls, no letters so now I am wondering what to do, I want this done , once and for all!

  15. I'm pretty sure I have them on Regulation E violiations.. have to re-read it to be sure.


    What I'm not sure is.. I didn't opt in or out of the over draft thing from the Card Act. If they pushed a through a ach that was suppose to have been stoped by a Stop payment, wouldn't they have also violated the opt out part of the Card act? I can't find a deff answer to that. The reason I ask is because the Ach made my account overdraft which was the whole reason for the stop payment in the first place that and I wanted to pay it with a CC but the new card came a day late.


    hmmm, my SO banks with Wachovia aka WellsFargo. From my convo with csr there about the opt in/out issue was that if you didnt specifically request to opt out the bank pressumes you wish to maintain overdraft protection. And from what I just skimmed thru this seems to be permissible.


    The other thing, you made an electronic check payment ?

    That's what I was kinda thinking on the Opt in/opt out issue but wasn't sure.. and yes this was an electronic check payment.. but cable company wouldn't stop it on their end to let me use my CC when I called them the next day when Igot CC.so I called my bank told them cable company wouldn't stop the payment, and wanted a Stop payment issued for the correct amount. I was only told that it might not work if it didn't have the correct amount, which it the stop payment did. I've never had a problem with Stop payments.. even from this bank. I've had one before and they honored it.


    So i'm pretty sure they are in violation of at least Regulation E.



    I just talked to my neighbor about this, she works for a bank. She's saying that really it was an electronic payment with "preauthorization" kind of like what happens when you swipe the ck card at the pump, even though there wasnt a "hold" placed on the account the bank has to honor it. She suggested you look at the account disclosure, to see what their specific policy is regarding this. And call the escalation or executive csr at the bank .


    Edit to add: Some companies present ach payment in whole dollar amounts, then when it "posts" it's the actual amount.

    Nope the actual amount of the ach is presented as pending at the moment. Cable company usually does the correct amount when they do an Ach transacation. I told the bank it was an Ach transacation. My feelings are, that there was a stop payment on it, and they should have honored it per Regulation E I just e-mailed execs so we'll see what happens. I've never had a stop payment NOT stop a ach or regular check.

    I can understand the cable company sort of not being able to stop a pre-auth check,but the bank shouldn't have to honor it when there is a stop payment in place, that's the whole point of a stop payment.


    Well, like I said I have only done it once before without a problem. But most ppl I know have had more problems then not from stop payments. Hopefully, contacting the execs will resolve this for you.

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