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Lender rating
Since January 2009
Reality is harsh at times..
I will bet you think a little bit harder about doing what you had proposed. Had we not said anything or sugar coated reality you may have pursued it with out thinking long and hard about it. As harsh as the responses were...they may have saved you from making a move you would regret down the line.
Lender rating
Since October 2009
Another point of thought is if you are currently not employed and you are going to "start" being self employed, you must have a minimum 2 years worth of verifyable income. Personal and business tax returns are a must. But the house must be used as primary residence and not for business, doing otherwise constitues mortgage fraud.
Lender rating
Since September 2009
lots
a worse situation here would have been if Larry and Andrew were the types to say, "YES YES of course, OH and call me" and then take your $ and put you (if possible) into a situation that was not best for you or for the housing market itself longterm... there is saying that "Our friends are sometimes our worst critics" in other words they tell us what we want to hear, which is very often the case, (trust me I know, I wore that pink and purple grape tie for years before someone, a real friend, said, "aaaa, ditch the tie Paul...")
based on experience I believe that Larry and Andrew both are the type of friend that would tell someone they respected that their zipper was down, or there was food in their teeth, nose hairs sticking out of the nostril etc..even if it did hurt ones' feelings,
result - seems that it would be better they tell you what is up out of the gate then if many others do not as you go about your business...
wishing you well...
Lender rating
Since October 2009
lotustribe, when you combine this post with your original post it scares me to think you should purchase a home, you are planning on using your sons money, given to him by his grandfather as your investment. A home is certainly not an investment as the last few years clearly have shown. You received harsher treatment then most because of the informatio you supplied. You need to realize that your terrible payment history shows you need to work on your financial situation long before you decide to puchase a home. A home is not the end all but being in debt is quick way to dispair. So yes I said you were playing the victim as someone who is not taking credit for their own situation. Your open admission of taking money that was left to your son so you can purchase a property and start a non-profit is beyond wrong. The fact you say you came into a bit of money is wrong, your son did, if you actually did it would be best to pay your debts versus acquiring new ones or at the very least put it aside so you don't run into the same problem again because though you don't believe it should matter that you paid people late in the past or not at all does and should matter. That money you borrower or owed and not paid back became an actual loss for someone else so it matters.
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How can you be so fast at responding with your JUDGEMENTS, yet consider yourselves professional?
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lotustribe
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yeah thanks so much, got lot's of good advice from a very nice group of skilled people
truely sad
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