I will freak out onl the next customer that comes in with bad credit, JEEEZ. how do you let your "CREDICKS" get down to a freakin 420 or once I saw some one who had a damn 399.
I didnt even think they went that low. Had some one once with 3 bankruptcies!!!! 3!!!!!
And then they still want to go look at houses. If there were a turd in the parking lot, and it cost a dollar, they couldnt finance it, YET THEY STILL WANT TO GO SEE A H O U S E :2guns: :2guns: :2guns: :2guns: :2guns:
EDIT: I had one lady, holding her credit report, looking at her defaulted accounts say this, "This is one of my credit cards.... .They count against you?"
ME: "yeah"
LADY: "oh damn i never made a payment on those things."
Now, now. The "credit challenged" consumers have rights too! They have the right to waste your time. They have the right to waste a lender's time. And "when" and "if" they somehow get approved, they can then waste a collector's time. Those are some VERY low scores, I've not ever seen anything that low. Here, let me help you........ :2guns:
You I think that if I sold cars, people would know they have bad credit, or at least know that they couldnt get a car, but in the housing market, people think that manufactured homes are so damn easy to own. Thing is the company I work for basically catters to the high end buyers of manufactured homes, like people wanting to retire and what not, but then we get these inbred dumbasses that think because their bancruptcy is over a year old we caN APPROVE THEM FOR A FREAKIN 120,000 LOAN ARRRRRRRRRHGHHHGHGHGHHGHHHHG :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:
$120k doesnt get you very far in today's housing market either
In manufactured homes it does, I could get a good credit buyer with 10% down in a 2300 sqft house full tape n texture sheet rock, ceramic tile floors with 40k to spare
yuck
Houses are over-rated...
Give me a truck and a m/c trailer, and I'll roam the country happy. :)
My credit isn't great...but I have a stupendous relationship with my loan officer: I walk in, tell him I need money, he cuts me a check. Can't beat it.
I wish my driving record was as good as my credit...
Quote from: TadMC on June 19, 2006, 06:22:40 PM
In manufactured homes it does, I could get a good credit buyer with 10% down in a 2300 sqft house full tape n texture sheet rock, ceramic tile floors with 40k to spare
great. however im not giving 120k for a traiiler. they still seem to depreciate . my home is paid off anyway ( bought on a reverse mortgage) :thumb:
Quote from: yamahonkawazuki on June 19, 2006, 08:06:38 PM
Quote from: TadMC on June 19, 2006, 06:22:40 PM
In manufactured homes it does, I could get a good credit buyer with 10% down in a 2300 sqft house full tape n texture sheet rock, ceramic tile floors with 40k to spare
great. however im not giving 120k for a traiiler. they still seem to depreciate . my home is paid off anyway ( bought on a reverse mortgage) :thumb:
but my credit, due to losing my med insurance, p[lus being a diabetic, heh plus a bankruptcy is shot to hell right now
Quote from: yamahonkawazuki on June 19, 2006, 08:06:38 PM
Quote from: TadMC on June 19, 2006, 06:22:40 PM
In manufactured homes it does, I could get a good credit buyer with 10% down in a 2300 sqft house full tape n texture sheet rock, ceramic tile floors with 40k to spare
great. however im not giving 120k for a traiiler. they still seem to depreciate . my home is paid off anyway ( bought on a reverse mortgage) :thumb:
Yeah they do depreciate, but not when affixed to the land such as a modular home, which are still manufactured home but dont at all look like manufactured homes
such as this.... BTW these are all home that the company I work for sells
(http://i67.photobucket.com/albums/h320/TadMC/PalmHarbormanufacturedhome.jpg)
(http://i67.photobucket.com/albums/h320/TadMC/palmharbor.jpg)
(http://i67.photobucket.com/albums/h320/TadMC/georgetown.jpg)
And when you do a modualar home, not only does it appreciate, you can also do reverse morgages
Quote from: Unnamed on June 19, 2006, 05:22:30 PM
$120k doesnt get you very far in today's housing market either
shaZam! if it doesnt! If your looking for something reasonable, and im no realtor but I would thing that 120k could get you something really nice......btw.......GO CANES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! O0
Condo's start at 250K here in San Diego.
That's for a horribly built tiny little studio in a crap part of the city.
Give me rent or give me inherited homes, but pay for one today? No effing way.
Quote from: Unnamed on June 19, 2006, 05:22:30 PM
$120k doesnt get you very far in today's housing market either
always depends on where you go
up here near DC i cant get a shitty 1 bedroom condo for under 300K
but...
back home in texas i can get a nice 3/2 with garage in a nice little neighborhood for around 80K
guy next door just sold his place....
around 300k
5 acres
3000 SF custom
he was an engineer.....way over built
including the 10k generator in the concrete bunker in the basement
well tad i can see where youre coming from, however, fwiw for 120k i can get a much nicer stick built homw and not have to deal with quality issues. ive seen very few "trailers" bhuilt to a standard i find acceptable. but times are changing. perhaps in the future, ill look into them as p-erhaps rental units :thumb:
I can't find any decent houses for under 300k here in portland oregon area. (sw portland ish). 300k would be like bare minimum or me.
We both have credit scores over 800. We can buy anything we want...but don't because credit is the DEVIL!
+10,000 John
Wife and my creidit is really good we have a house and car payment. Thats it, don't wan't to charge anything else. If we can't pay cash for it at the time then we just save the money till we have what we need, then we go and buy it.
Long time ago I got in trouble with my cc's sense then I have not used them unless I have to. And if I use them I pay them off soon as I get the bill.
Quote from: yamahonkawazuki on June 19, 2006, 10:57:00 PM
well tad i can see where youre coming from, however, fwiw for 120k i can get a much nicer stick built homw and not have to deal with quality issues. ive seen very few "trailers" bhuilt to a standard i find acceptable. but times are changing. perhaps in the future, ill look into them as p-erhaps rental units :thumb:
Yam is right on the quality of stick built houses being far superior to manufactured. The Michigan residential code book has over 500 pages of codes and such dealing with stick built homes. The section for manufactured homes (an appendix at that) is not even 10 pages. I can see a manufatrued home as an ok way to start out but I would definitely be planning for a stick build home in the future.
Just my .02
FOR the record
Im gonna live in a stick built home too
I just sell em so i have to believe that they are good.
wow 120k... I think the most you could get around here is a shed on a 30 sq ft lot for 120k. Condos start at 300k. Cookie cutter homes on tiny ass lots start at 500k.
Quote from: werase643 on June 19, 2006, 10:37:49 PM
guy next door just sold his place....
around 300k
5 acres
3000 SF custom
he was an engineer.....way over built
including the 10k generator in the concrete bunker in the basement
300K ... and he still has to live next to you ... :cookoo: :cookoo: ...
Cool.
Srinath.
Quote from: john on June 19, 2006, 11:46:24 PM
We both have credit scores over 800. We can buy anything we want...but don't because credit is the DEVIL!
Bobby Boucher, everyone knows foozball is the devil!!!! Oh yeah and that damn Vicky Valencourt!!!!! :laugh:
Speaking of credit, I did my free annual credit report cause this thread got me thinking about my credit, and it showed me my credit report but not my credit score. It sayks I have to pay to see that. is there anywhere that I can look at my credit score without having to pay?
equifax, experion, trans union
those are the three bureaus
Yea, I'm in DC too (well, beltsville), and around here 500 grand gets you a shitty little townhouse with no garage.
yeah my credit is good, a little under 800. I have a car, bike and 2x loan payments though. And yes Credit is the devil.
Quote from: Blingmasta on June 22, 2006, 08:58:43 AM
Speaking of credit, I did my free annual credit report cause this thread got me thinking about my credit, and it showed me my credit report but not my credit score. It sayks I have to pay to see that. is there anywhere that I can look at my credit score without having to pay?
I guess it's like the old saying "nothing is free". I have paid the $14.95 before from all the bureaus web sites before I got a car loan and then when I called my credit union she told me my score and it was like 30 points higher than the ones I paid for so apparently the bureaus don't update the scores that you can buy all that often. Basically a waste of money.......................
Well, they lenders dont look at the score they look at your debt to income ratio, and credit history. Now those things make up the score but you can have a 750 and never have financed a damn thing.
Or you can have a 630 but have perfect payment history, but have a lot of credit accounts out.
So scores dont matter, if you get rejected cuz of score its because of Debt to income ratio, or payment history