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Doofrat
ParticipantIt looks like you put 10% down and then get an option to buy the property, but can lose that option by defaulting on the payments. After hearing about loan servicing co’s screwing people by changing addresses and other chicanery, you’d want a lawyer to read over the paperwork really well.
Without knowing anything about this, I’d guess that with the combo of
1) focusing on people who won’t pass credit/income checks
and
2) presenting a complicated deal with all sorts of living trusts and options to that personit probably amounts to the Rent-a-Center or Cal Worthington of buying a house. I don’t know anything though, but it just smells fishy, I guess it’s just “difficult to adjust to the idea that an applicant will be approved regardless of credit, income or job status.”
Hopefully somebody else has some more info?
Doofrat
ParticipantIt looks like you put 10% down and then get an option to buy the property, but can lose that option by defaulting on the payments. After hearing about loan servicing co’s screwing people by changing addresses and other chicanery, you’d want a lawyer to read over the paperwork really well.
Without knowing anything about this, I’d guess that with the combo of
1) focusing on people who won’t pass credit/income checks
and
2) presenting a complicated deal with all sorts of living trusts and options to that personit probably amounts to the Rent-a-Center or Cal Worthington of buying a house. I don’t know anything though, but it just smells fishy, I guess it’s just “difficult to adjust to the idea that an applicant will be approved regardless of credit, income or job status.”
Hopefully somebody else has some more info?
Doofrat
ParticipantIt looks like you put 10% down and then get an option to buy the property, but can lose that option by defaulting on the payments. After hearing about loan servicing co’s screwing people by changing addresses and other chicanery, you’d want a lawyer to read over the paperwork really well.
Without knowing anything about this, I’d guess that with the combo of
1) focusing on people who won’t pass credit/income checks
and
2) presenting a complicated deal with all sorts of living trusts and options to that personit probably amounts to the Rent-a-Center or Cal Worthington of buying a house. I don’t know anything though, but it just smells fishy, I guess it’s just “difficult to adjust to the idea that an applicant will be approved regardless of credit, income or job status.”
Hopefully somebody else has some more info?
Doofrat
ParticipantIt looks like you put 10% down and then get an option to buy the property, but can lose that option by defaulting on the payments. After hearing about loan servicing co’s screwing people by changing addresses and other chicanery, you’d want a lawyer to read over the paperwork really well.
Without knowing anything about this, I’d guess that with the combo of
1) focusing on people who won’t pass credit/income checks
and
2) presenting a complicated deal with all sorts of living trusts and options to that personit probably amounts to the Rent-a-Center or Cal Worthington of buying a house. I don’t know anything though, but it just smells fishy, I guess it’s just “difficult to adjust to the idea that an applicant will be approved regardless of credit, income or job status.”
Hopefully somebody else has some more info?
Doofrat
ParticipantIt looks like you put 10% down and then get an option to buy the property, but can lose that option by defaulting on the payments. After hearing about loan servicing co’s screwing people by changing addresses and other chicanery, you’d want a lawyer to read over the paperwork really well.
Without knowing anything about this, I’d guess that with the combo of
1) focusing on people who won’t pass credit/income checks
and
2) presenting a complicated deal with all sorts of living trusts and options to that personit probably amounts to the Rent-a-Center or Cal Worthington of buying a house. I don’t know anything though, but it just smells fishy, I guess it’s just “difficult to adjust to the idea that an applicant will be approved regardless of credit, income or job status.”
Hopefully somebody else has some more info?
Doofrat
ParticipantWe use AVIS since it’s walking distance from our place, but last time we went to LAX, we used AVIS on the way up and Alamo on the way back. Way better than using a shuttle, and relatively cheap too! With AVIS, when you drop off at the airport, they meet you at the car with a scanner, so you don’t even go in, you just hop on the shuttle. Don’t know how the other rental places are though.
Doofrat
ParticipantWe use AVIS since it’s walking distance from our place, but last time we went to LAX, we used AVIS on the way up and Alamo on the way back. Way better than using a shuttle, and relatively cheap too! With AVIS, when you drop off at the airport, they meet you at the car with a scanner, so you don’t even go in, you just hop on the shuttle. Don’t know how the other rental places are though.
Doofrat
ParticipantWe use AVIS since it’s walking distance from our place, but last time we went to LAX, we used AVIS on the way up and Alamo on the way back. Way better than using a shuttle, and relatively cheap too! With AVIS, when you drop off at the airport, they meet you at the car with a scanner, so you don’t even go in, you just hop on the shuttle. Don’t know how the other rental places are though.
Doofrat
ParticipantWe use AVIS since it’s walking distance from our place, but last time we went to LAX, we used AVIS on the way up and Alamo on the way back. Way better than using a shuttle, and relatively cheap too! With AVIS, when you drop off at the airport, they meet you at the car with a scanner, so you don’t even go in, you just hop on the shuttle. Don’t know how the other rental places are though.
Doofrat
ParticipantWe use AVIS since it’s walking distance from our place, but last time we went to LAX, we used AVIS on the way up and Alamo on the way back. Way better than using a shuttle, and relatively cheap too! With AVIS, when you drop off at the airport, they meet you at the car with a scanner, so you don’t even go in, you just hop on the shuttle. Don’t know how the other rental places are though.
February 12, 2008 at 5:02 PM in reply to: Reuters: 1/3 of recent buyers owe more than home’s value. #152348Doofrat
ParticipantWhat’s the difference between a person who holds an Option ARM and somebody who has a “more conservative” old fashioned ARM but is underwater?
February 12, 2008 at 5:02 PM in reply to: Reuters: 1/3 of recent buyers owe more than home’s value. #152621Doofrat
ParticipantWhat’s the difference between a person who holds an Option ARM and somebody who has a “more conservative” old fashioned ARM but is underwater?
February 12, 2008 at 5:02 PM in reply to: Reuters: 1/3 of recent buyers owe more than home’s value. #152624Doofrat
ParticipantWhat’s the difference between a person who holds an Option ARM and somebody who has a “more conservative” old fashioned ARM but is underwater?
February 12, 2008 at 5:02 PM in reply to: Reuters: 1/3 of recent buyers owe more than home’s value. #152649Doofrat
ParticipantWhat’s the difference between a person who holds an Option ARM and somebody who has a “more conservative” old fashioned ARM but is underwater?
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