Any homeowners here?

[Flipx99 5,000+ posts]

I bought a house that was foreclosed. I still get his mail...

 

[mannyb18b]

I bought a house that was foreclosed. I still get his mail...

be glad you dont get his collection calls

 

[Jeremy M 10+ year member]

u asked why would i pull out my equity...house is at 6.25%...i could re-finance and get a lower rate, take the equity, pay off the car- that's a higher %, get a few more things i want done to the house. That's option 1.

Option 2, goes like this. Sell the house take the cream off the top, buy some property (we'll say a few acres), get into another house...stay there for about 10yrs, sell that house and build my dream home on my already purchasesd property.

But trying to go for option 2 is very tough....i want extra money now...but i wanna make my long term goals happen too. I'm open for advice, if it's positive.

 

[Banana Balls 5,000+ posts]

It's a bit more detailed than that..but ultimately it's banks giving the borrower a chance to explain why they are having problems with their payment ( ARM just adjusted and they can't afford the new payment, or maybe even just some personal problems) they do this with a "hardship letter". And if you have mortgage late's you are a prime candidate

Lies

Ha, they do hire people that can spell though.

I spelled it right you retard. You just don't understand metaphors.

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif hire?

No. The KID is a tool.

Not too much you can lie about

Really? Explain to me how you're spewing your dad's crap in this thread. You know, like the cars, trucks, and bikes that you own. You should be banned for scamming.

Hell with these programs and trying to stimulate the economy you can get some ridiculous rate's like 4-4.5% if you talk to the right people. 1 example would be us

I live close enough to you to put both you and Meade in a meat grinder without anyone knowing + I'm a buyer right now. Ergo, I know you're full of shit. If you think otherwise, send me a PM about these epic deals and either I'll steal a house from someone, or their will be another massive mannyb18b ownage thread. Your call... Wait, fsk the PM., Preston can't see that. Lets do this out in the open. Just hit QUOTE.

I bought a house that was foreclosed. I still get his mail...

That's awesome. Get anything good? Like Playboy? All the good houses are foreclosures right now. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[mannyb18b]

u asked why would i pull out my equity...house is at 6.25%...i could re-finance and get a lower rate, take the equity, pay off the car- that's a higher %, get a few more things i want done to the house. That's option 1.
Option 2, goes like this. Sell the house take the cream off the top, buy some property (we'll say a few acres), get into another house...stay there for about 10yrs, sell that house and build my dream home on my already purchasesd property.

But trying to go for option 2 is very tough....i want extra money now...but i wanna make my long term goals happen too. I'm open for advice, if it's positive.

Sounds fine to me a lot of people want to do the same, people pulling out like half mill's...like what are you gunna do with all that? lol.

You could re-finance right now and keep your rate about the same, or you could use a little bit of your equity and buy down the rate of your other loan. Then you would have cash and have a lower interest rate saving you a ton of money in the long run.

 

[mannyb18b]

Lies


I spelled it right you retard. You just don't understand metaphors.

No. The KID is a tool.

Really? Explain to me how you're spewing your dad's crap in this thread. You know, like the cars, trucks, and bikes that you own. You should be banned for scamming.

I live close enough to you to put both you and Meade in a meat grinder without anyone knowing + I'm a buyer right now. Ergo, I know you're full of shit. If you think otherwise, send me a PM about these epic deals and either I'll steal a house from someone, or their will be another massive mannyb18b ownage thread. Your call... Wait, fsk the PM., Preston can't see that. Lets do this out in the open. Just hit QUOTE.

That's awesome. Get anything good? Like Playboy? All the good houses are foreclosures right now. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

WTF are you talking about? I think you were saying you are in the market? an you think what I am saying is bullshit? Well explain to me what part sounds b.s?

candidates for a "SHORT RE-FI" can get those low rates I was talking about.

So explain what part you are trying to "own" me on...and no...never been owned on here.

 

[Banana Balls 5,000+ posts]

WTF are you talking about? I think you were saying you are in the market? an you think what I am saying is bullshit? Well explain to me what part sounds b.s?

All of it. Shark.

candidates for a "SHORT RE-FI" can get those low rates I was talking about.

You have not explained to those that read this thread what is required of them to comply and fit that rate.

So explain what part you are trying to "own" me on...and no...never been owned on here.

Look up shark.

 

[mannyb18b]

All of it. Shark.


You have not explained to those that read this thread what is required of them to comply and fit that rate.

Look up shark.

The borrower having mortgage late's is an example of something that will help get them approved for a short refi.

Or if they are able to to prove why they can't afford to pay their current loan at x payment. They have to be on the track to a foreclosure.

 

[mazdakid 5,000+ posts]

so if we call this place you work at, are they going to know who you are?

isnt that how you got caught in a lie about being a car salesman?

 

[Banana Balls 5,000+ posts]

The borrower having mortgage late's is an example of something that will help get them approved for a short refi.

"them'? What do you mean? I thought this was your new game. Define "short refi" for me please. I'd love to see your definition.

Or if they are able to to prove why they can't afford to pay their current loan at x payment. They have to be on the track to a foreclosure.

Yea, neat. Out of the million people that are stupid enough to be in that situation, how many knock on your dad's door?

 

[mannyb18b]

"them'? What do you mean? I thought this was your new game. Define "short refi" for me please. I'd love to see your definition.


Yea, neat. Out of the million people that are stupid enough to be in that situation, how many knock on your dad's door?

You can look up short refi an get your own definition...it's not hard.

And what? why do you keep referring to my dad??

anyways if you are asking how many of these type of loans I am doing, just to give you an idea I have 1 right now for this week that is about to doc out and be done with. I've averaged about 1 per week for this last month. And at 3-4 points per, //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif:greedy://content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif:greedy:

 

[mannyb18b]

so if we call this place you work at, are they going to know who you are?isnt that how you got caught in a lie about being a car salesman?

A lot of you tards like to make stuff up. Ya they thought that calling my dealership I worked at was going to "own" me. No one ever called.

And ya...you can call and they will direct you to me of course.

 

[Banana Balls 5,000+ posts]

You can look up short refi an get your own definition...it's not hard.

Okay. If you insist.

1. Pre-Foreclosure Loan Refinance – (SHILO™ Solution) - You would refinance to avoid resets, or “unaffordable” payments, etc. Currently loan “eligibility” is based upon new federal regulations requiring the “fully adjusted indexed interest rate”, not the teaser rate. Lack of equity as a result of the devaluation in home prices has restricted borrowers’ options. This could result in many borrowers failing to qualify for the refinance option. But if the borrower can qualify, this may be the most immediate solution. However, if the type of loan and terms including any adjustments or resets simply postpone the resulting inability to pay, then this may not be a solution at all. Brokers and lenders must also now document that any loan they give you has a “net tangible benefit”. Refinancing may not be possible for many borrowers in the current real estate market because:

Now, answer everyone's question and tell them how, fuck stick.

And what? why do you keep referring to my dad??

Ohhhhhhhhh son I'm just warming up. Hang in there and you might survive.

 

[mannyb18b]

Okay. If you insist.



Now, answer everyone's question and tell them how, fuck stick.

Ohhhhhhhhh son I'm just warming up. Hang in there and you might survive.

Your ****ing stupid. What THAT just said was if the borrower is just trying to use this program to postpone foreclosure as much as possible (which we see a lot). Of course if someone is losing their home, and can't make the payments, some are going to try everything they can to stay in their house for as long as possible. When applying for a short refi, a foreclosure is postponed for about 30-60- days.

 

[quest51210 10+ year member]

dont know what a mortgage is, i paid my house off