By
Dallas Refi on Thursday, June 2nd, 2011 |
5 Comments
This is a bit long but please read and help me out
I got a good job. I was going to relocate but the housing market crashed in 2008 and now I can’t get what I owe on my house 0K, Top offer was 0K, I have been working for Pepsi for over 3 years now. I drive back and forth 300 miles every week, Total 600 miles each week. I sleep in my Tahoe truck because the company cut overtime pay and hotels and apartments are too expensive for me. The commute and food costs me about 00 per month. So I pretty much pay a minimum of ,000 per year to work for this great company. The reason it has been so long is that time flies and I have been waiting for the market to get back on it’s feet, a pay raise, a job transfer or a miracle. It’s like a catch 22, the Job pays good money and is a good company, it pays 50K Salary. I have already paid about ,000 or more to work for this company because of the commuting and food. I can work from home but for 2 work from home days… I have to use 1 vacation day and we only get 10 days out of the year. I got a wife and 3 kids, so that is tough to be without them and to balance a work with a family. I tried to rent my house but it seems like nobody wants to Rent the house because rent would be 00 per month for them and many of them say they can go buy a New house for like 00.00 , My red brick Centex house is nice but also needs about K in repairs to make it new looking again. Central Heat/AC went out, roof, fence, all the bath fixtures and kitchen counter needs to be replaced. Anyways I tried to short sale a long time ago and Bank of America wouldn’t allow it unless I was in foreclosure status and at that time they stopped all foreclosures. So 10 months later… and 2 weeks ago I got a letter from them saying my house is going to go up for foreclosure on the 7th of June. Now this local big time tomato company Desert Glory wants to interview me and pay me 55k to 60K per year. Still no guarantee in writing but the 2nd of 3 interviews are in place and the recruiter says I got the job just make them happy. I past the first interview. So By next week I will know if I got the job but I’m not sure if I want it because I don’t know if it’s going to be easier or harder? It looks like it’s going to be much more work. But I’m not for sure 100% , So I am losing a house and can possibly save it if I refinance or file bankruptcy or Do you think I should let it go and so be it? and then I have to decide if I want to pack up all my stuff and kids and go to Dallas? So it’s Dallas or San Antonio Texas to choose from. If I take the new job it pays a bit more and no commute but not sure what to expect and if I continue with the old job it’s pretty busy, I trouble shoot system issues for Transportation warehouses across the USA, the other job is similar but more dealing with the trucking companies and the Customers.
What should I do?
1. Save the house and take the new job?
2. Take the new job and say screw the house that will cost me 30K to fix up but then I will probably owe the difference from the foreclosure or short sale
3. Take the new job and try to save the house and deal with 30K in repairs
4. Keep the Pepsi job and screw the house and start all over?
5. Keep the Pepsi job and try to sell the house, but no guarantees if there’s enough time
6. or do you have another suggestion??
<if it wasn’t for the commute and expenses, Pepsi would have probably been a okay job, but just had a catch 22 of bad luck? The new job offer is no guarantee yet but is 75%, I have senority and trust at Pepsi, The new job is starting all over with 10 days vacation versus 30 at Pepsi, but sometimes a new job is better, but then again not always??> Help, I’m so confused and stuck.
Thank you!!!!!!!!!!!
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By
Dallas Refi on Tuesday, May 31st, 2011 |
3 Comments
This is a bit long but please read and help me out
I got a good job. I was going to relocate but the housing market crashed in 2008 and now I can’t get what I owe on my house 0K, Top offer was 0K, I have been working for Pepsi for over 3 years now. I drive back and forth 300 miles every week, Total 600 miles each week. I sleep in my Tahoe truck because the company cut overtime pay and hotels and apartments are too expensive for me. The commute and food costs me about 00 per month. So I pretty much pay a minimum of ,000 per year to work for this great company. The reason it has been so long is that time flies and I have been waiting for the market to get back on it’s feet, a pay raise, a job transfer or a miracle. It’s like a catch 22, the Job pays good money and is a good company, it pays 50K Salary. I have already paid about ,000 or more to work for this company because of the commuting and food. I can work from home but for 2 work from home days… I have to use 1 vacation day and we only get 10 days out of the year. I got a wife and 3 kids, so that is tough to be without them and to balance a work with a family. I tried to rent my house but it seems like nobody wants to Rent the house because rent would be 00 per month for them and many of them say they can go buy a New house for like 00.00 , My red brick Centex house is nice but also needs about K in repairs to make it new looking again. Central Heat/AC went out, roof, fence, all the bath fixtures and kitchen counter needs to be replaced. Anyways I tried to short sale a long time ago and Bank of America wouldn’t allow it unless I was in foreclosure status and at that time they stopped all foreclosures. So 10 months later… and 2 weeks ago I got a letter from them saying my house is going to go up for foreclosure on the 7th of June. Now this local big time tomato company Desert Glory wants to interview me and pay me 55k to 60K per year. Still no guarantee in writing but the 2nd of 3 interviews are in place and the recruiter says I got the job just make them happy. I past the first interview. So By next week I will know if I got the job but I’m not sure if I want it because I don’t know if it’s going to be easier or harder? It looks like it’s going to be much more work. But I’m not for sure 100% , So I am losing a house and can possibly save it if I refinance or file bankruptcy or Do you think I should let it go and so be it? and then I have to decide if I want to pack up all my stuff and kids and go to Dallas? So it’s Dallas or San Antonio Texas to choose from. If I take the new job it pays a bit more and no commute but not sure what to expect and if I continue with the old job it’s pretty busy, I trouble shoot system issues for Transportation warehouses across the USA, the other job is similar but more dealing with the trucking companies and the Customers.
What should I do?
1. Save the house and take the new job?
2. Take the new job and say screw the house that will cost me 30K to fix up but then I will probably owe the difference from the foreclosure or short sale
3. Take the new job and try to save the house and deal with 30K in repairs
4. Keep the Pepsi job and screw the house and start all over?
5. Keep the Pepsi job and try to sell the house, but no guarantees if there’s enough time
6. or do you have another suggestion??
Thank you!!!!!!!!!!!
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By
Dallas Refi on Thursday, April 29th, 2010 |
1 Comment
About 6 months ago everything was going great. My wife and I had steady decent paying jobs and combined we were making about 75K a year. Then she got pregnant and our lives really felt like it was going in the right direction. Then she got laid off. Uh Oh. Now money is running out quickly and in about a month our savings we be drained and we wont be able to make our house payment anymore. It is very hard to come up with the money to pay for a 00 house payment, 0 worth of car payments, plus credit cards and utilities. We have cut back on just about everything. No more cable or internet, 1 cell phone. I see advertisments everyday for mortgage help and they make it sound so easy. Our problem is we owe more on our house than it is worth. I cant seem to find a company that will help us refinance unless we owe less than it is worth. We even called our bank to talk to them about that new government project that helps people keep their homes, they wont even talk to us until we start missing payments. I would rather it not come to that. Our house is valued at 133K and we owe 140K. Does anyone have some ideas or know of a website or anyone in the Dallas / Fort Worth area that can help with our situation. By the way my wife has applied for over 40 jobs with not one single hit. We pray a lot and I do have faith that God is going to take care of us, but I would sure like to have a plan just in case. Thanks
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Dallas Refi on Wednesday, April 28th, 2010 |
2 Comments
We have credit card debt of k. (cancer treatment costs) We have excellent credit and own two homes, but are cash poor and have the high credit card debt that we want to pay off
WE WANT TO PAY OFF THE K AND HAVE A CUSHION OF AT LEAST K. Here is the break-down:
HOME #1 PAYOFF – 9K, WORTH 5K (currently rented covering payments)
HOME #2 PAYOFF – 5K, WORTH 5K(currently live in but want sell and leave the area in the next year or two)
SELL A HOUSE AND PAY OFF DEBT, LEAVING CASH IN THE BANK OR KEEP GREAT REAL ESTATE INVESTMENTS AND GET A LOAN OF 0K, PAY OFF DEBT LEAVING CASH IN BANK. We just can’t wait another year or two to pay off the credit card debt because we are broke each month after paying bills, and need some relief now.
Both homes are in hot markets. Dallas/Ft Worth & White Mountains Arizona.
Any ideas or help are much appreciated!!
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Dallas Refi on Tuesday, April 27th, 2010 |
2 Comments
My husband and I live just a bit north of Dallas, Tx. I’ve been told that different lenders require different things when it comes to requirements. My husband’s score is 586, and mine is roughly 650-700. He signed for his brother’s home but he hasn’t lived there in years, but his brother hasn’t refinanced (even after 2 years of asking) and the bank won’t take his name off without a refinance. I am worried about how this will affect us getting a home. I’ve heard some lenders will not include this in your debt-to-income if you can show that they have been paying for 12 months+ without help. His credit is almost blemish free for the past 2 years (more, but I’m not sure exactly how long) and all house payments have been made on time for the past 6 years. Does anyone know of a great FHA lender in Texas (preferably around Dallas, but will travel if we need to) that will not include the other house into the DTI?
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By
Dallas Refi on Monday, April 26th, 2010 |
7 Comments
In Dallas, what interest rate I can get for a 0K house, with excellant credit history? Any recommndation? I am planning to refinance my house.
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By
Dallas Refi on Sunday, April 25th, 2010 |
2 Comments
Do anyone know of any companies that will refinance a car for someone with bad credit, in the dallas-ft worth, tx area?
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Dallas Refi on Sunday, April 25th, 2010 |
1 Comment
I’m a loan officer, and I am helping someone refinance their house. He can’t find his survey. Is there a way for me to get a copy of it from somewhere without knowing who did the survey? I know the house is in Dallas county and have all the other information I need on it.
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Dallas Refi on Saturday, April 24th, 2010 |
4 Comments
Title insurance
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