http://firsttuesdayjournal.com/june-article-of-the-month-the-fico-score-delusion/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://firsttuesdayjournal.com/june-article-of-the-month-the-fico-score-delusion/comment-page-1/#comment-85308 don ravelo Thu, 30 Sep 2010 23:18:34 +0000 http://firsttuesdayjournal.com/?p=4973#comment-85308 I was a new real estate agent in 2006 when the market was at its peak. My plan was into flipping, as everybody was, obliviuos of the up-coming bust. I did not include my wife in all my purchases, afraid of her negativity in regards to investment gambles. I used my 401k and credit cards to hang on... until the inevitible foreclosure. I think it is time now, to jump into a new home under my wife's name. I am now considering myself as a seasoned investor...am I? Wish me luck! . I was a new real estate agent in 2006 when the market was at its peak. My plan was into flipping, as
everybody was, obliviuos of the up-coming bust. I did not include my wife in all my purchases, afraid
of her negativity in regards to investment gambles. I used my 401k and credit cards to hang on… until the
inevitible foreclosure.
I think it is time now, to jump into a new home under my wife’s name. I am now considering myself as a seasoned investor…am I? Wish me luck!
.

]]> http://firsttuesdayjournal.com/june-article-of-the-month-the-fico-score-delusion/comment-page-1/#comment-85144 Kimberley Kelly Fri, 27 Aug 2010 13:26:33 +0000 http://firsttuesdayjournal.com/?p=4973#comment-85144 I always repost info from this Newsletter. As a realtor in the Inland Empire, I am living the effects of the housing/lending scam that went on those peak years..and the consequences we are paying now. The main reason I work Short Sales is because it gives the homeowner some control over the deficiencies. I can negotiate it down and usually get a demand letter stating that the Bnk agrees to non-pursuit. This is important to homeowners with other assets. I strongly believe that the Banksters will pursue only those homeowners with assets..and I'd bet we'll see this within the next 3-4 years. The hit on the credit score is an addendum to the real reason for doing a Short Sale..and each Seller is different. I always repost info from this Newsletter. As a realtor in the Inland Empire, I am living the effects of the housing/lending scam that went on those peak years..and the consequences we are paying now. The main reason I work Short Sales is because it gives the homeowner some control over the deficiencies. I can negotiate it down and usually get a demand letter stating that the Bnk agrees to non-pursuit. This is important to homeowners with other assets. I strongly believe that the Banksters will pursue only those homeowners with assets..and I’d bet we’ll see this within the next 3-4 years. The hit on the credit score is an addendum to the real reason for doing a Short Sale..and each Seller is different.

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