Financing and Credit

Hi, All DG Family Members
As per your request here is a list of steps and letters to use for your credit repair. Know the System and your Rights.
Step 1. Request a Free Credit Report from The 3 Bureau Credit Reporting Company in writing or go online but you have to pay. I did request my credit report via a company with all the account #s to dispute it and it cost me $69.00 dollars with the score. Email me if you want to know the name and I can send you the forms for Free! Or Write Requesting Your Free Credit report from the 3 bureaus listed below, you are entitled to it for free once a year. Write to:
Equifax
PO Box 740241
Atlanta, GA 30374
Trans Union Corp.
2 Baldwin Place
PO box 1000
Chester, PA 19022
Experian
PO Box 2002
Allen, TX 75013
Step 2.

Hi,

I was wondering if anyone's heard of this company. I have been trying to find contact information on this company to save my family's property. I don't have good credit but I have a good job and if the amount owed is decent I would gladly pay it off. Its a long story, but I want contact this company and get the property back in the family's name.

Thanks,
Kat

I have a lovely couple with two children who want to buy a property on the NW side of SA. They have $6,000 for a down payment, want a SFR 3/2/1 or 2, around 1200SF, a decent neighborhood (no war zone areas please), move in ready. They have stable employment (5 years+) with two incomes. They are looking for a PITI of $900/Mo.
I have no inventory on that side of town so let us work together to get this couple a house.

The infinite wisdom that comes from Washington to fix our mortgage mess has finally arrived in preliminary form. After months of meetings, testimonies and calculations; the Dodd-Frank report has been released. In a nutshell, the report said:

Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan.

How about that folks. Thousands of hours have gone into this report and while it has some specific guidelines, the blurb above is what the entire report boils down to. Gee, wish I waCongressmansman.

Please tell me if I am doing this the right way. I have a property - 66 unit cash flowing apartment building that is 70% occupied, it's already been short - sale approved and the value as is is 1.4M. Now,
I have a few hard money lenders to work with.
I asked for the loan for $910,000 which is 65%. I can get the building for $850,000 plus 3%. Now, I can just wholesale the property for $900,000 but I wanted to get the loan for it, this way I have two options available to me.
As far as the loan goes - this is where I need help. The Hard Money lender is a Private lender so the interest rates are about 9%.

I am trying to buy condos in FL with cash and refi. The homes I found have good cashflow but are under 15k. I can't find a bank to refi the loans for me. Any thoughts

I have spied a property next to one of the REO's I am after. I know from talking to the neighbor about the REO, that the owner selling the house (wants $140,000 / FMV around $152,000) bought the house out of foreclosure (not an investor), and did some upgrades. He got it for around $100,000. I also know that the owner has been recently married and moved out of town because they have had a baby and the Mrs wanted to be "near Momma"...I am falling all over my self at the possibilities here.

This home and the REO I am looking at are the oldest homes on the street (almost new homes line the rest of the street!), and it also has a full sized lot attached to the property!!! I have also found another REO right around the corner!

Hey everyone,
are there any fellow students who have signed up for the 7 steps to a 720 credit score with Phillip Tirone program and find it helpfull? I am a success academy student and I'm wondering what other fellow students feel about it?

March 30, 2010

Trans Union Corp.
2 Baldwin Place
PO Box 1000
Chester, PA 19022
Re: No Response

Dear Sir or Madam:

CAP ONE-XXXXXXXXXXXXX You received my letter disputing certain items listed on my credit report over thirty (30) days ago. The items were inaccurate and incomplete. I have attached a copy of the original letter you received.

Under the Fair Credit Reporting Act 15 U.S.C. 1681I (5) (A), you have thirty (30) days from receipt of this letter to respond to my request for re-verification of the erroneous items. Since you did not immediately inform me of your need for additional time, I assume you accepted the statutory thirty (30) day period.

We are looking for private lenders for South Florida real estate for rehabbing, holding and or reselling.

Typical properties:

-Houses
-3+ bedrooms
-NOT "war zones" areas
-good rental areas
-2-4 units as well and other commercial units will be looked at as well
-rehab projects are minor to major and depends on potential
-some properties may be in short sale, pre-foreclosure, or foreclosed or other distressed circumstances
-30-60% LTV and will depends on the deal
-Secured by 1st mortgage
-Purchase prices range from $20,000.00 - $150,000.00 or more depending on investor capacity and desires
-rate of return, terms and conditions will depend on lender needs and desires and will be discussed.