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Author
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Topic: FINALLY, got us a short sale :)
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N8
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Member # 6048
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posted
 
 
After months of trial and fail got a 6br 3.5 bath, 3 car garage just under 3k sq ft. for just under 150k? Just got the word that everything is good and went through. We move in next month.
I am hella happy. Now we can walk on our other property =D
Posts: 11638 | Registered: Sep 2005
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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Congrats N8, what city?
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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N8
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Member # 6048
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posted
quote:
Originally posted by Luke87GT:
Congrats N8, what city?
Still in Stockton.
Posts: 11638 | Registered: Sep 2005
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5.t0es
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Member # 5864
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congrats, your credit is shit,but sometimes its worth it to not lose soooo much, how far is stockton from concord area?
Posts: 2990 | From: eb | Registered: Jul 2005
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N8
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Member # 6048
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quote:
Originally posted by 5.0-srt-4:
congrats, your credit is shit,but sometimes its worth it to not lose soooo much, how far is stockton from concord area?
Technically but my wifes credit...lol. But it was planned, she already has her revolving credit lines so this will be her only blemish. But that is the only con to this. We got double the house, half the price. We put a large down payment down and can have the house paid off in 10 years if we desire.
Stockton is about 40 miles I guess from Concord. I wouldnt recommend that commute.
Posts: 11638 | Registered: Sep 2005
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RODRIGUEZ
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Member # 9104
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How big of a down payment did you put down if you don't mind me asking N8
Posts: 1182 | From: East Bay | Registered: Apr 2009
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N8
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Member # 6048
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posted
quote:
Originally posted by RODRIGUEZ:
How big of a down payment did you put down if you don't mind me asking N8
50 large, I figured out that these banks that do this want a good chunk of cash up front.
[ January 11, 2010, 03:51 PM: Message edited by: N8 ]
Posts: 11638 | Registered: Sep 2005
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mpt365
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Member # 9710
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good for you. those can be a real pain in the @ss.
Posts: 21 | From: Fairfield, CA | Registered: Jan 2010
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N8
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Member # 6048
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posted
quote:
Originally posted by mpt365:
good for you. those can be a real pain in the @ss.
hell who you tellin, we been trying for about a year. Get real close and then get turned down. It was actually a ridiculously painful process. If this was a second property I would not have tried this. I do not recommend this process for a primary residence.
Posts: 11638 | Registered: Sep 2005
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2stangs69-91
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Member # 1951
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lol so you are going into the new house and walking away from the dept in the house you have now? And you are fine with this?
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69 Mustang on hold
1991 LX hatch getting a make over
1994 F150 4X4 351
2006 Yamaha V-max 1200 Modded
Posts: 3711 | From: Redding | Registered: Oct 2002
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N8
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Member # 6048
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posted
quote:
Originally posted by 2stangs69-91:
lol so you are going into the new house and walking away from the dept in the house you have now? And you are fine with this?
Yup!
Posts: 11638 | Registered: Sep 2005
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2stangs69-91
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Member # 1951
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good enough for me lol. Congrats on getting what you were after. Dont worry Obama will cover the old morgauge with the bail out money your bank received. Which we all will pay for (including your self) at least you have the nads to pull something like this off. I couldn't do it.
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69 Mustang on hold
1991 LX hatch getting a make over
1994 F150 4X4 351
2006 Yamaha V-max 1200 Modded
Posts: 3711 | From: Redding | Registered: Oct 2002
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N8
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Member # 6048
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posted
quote:
Originally posted by 2stangs69-91:
good enough for me lol. Congrats on getting what you were after. Dont worry Obama will cover the old morgauge with the bail out money your bank received. Which we all will pay for (including your self) at least you have the nads to pull something like this off. I couldn't do it.
Shit I wish I did it earlier. It was a win across the board for us. More house, less money, better investment, lower payment, own in less time. I am sure the bank will get something out of it. My only regret is we just put a new roof on and new windows in. But this move will improve quality of life immediately.
Posts: 11638 | Registered: Sep 2005
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Fast(er) Eddie
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Member # 4737
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posted
quote:
Originally posted by N8:
quote:
Originally posted by 2stangs69-91:
good enough for me lol. Congrats on getting what you were after. Dont worry Obama will cover the old morgauge with the bail out money your bank received. Which we all will pay for (including your self) at least you have the nads to pull something like this off. I couldn't do it.
Shit I wish I did it earlier. It was a win across the board for us. More house, less money, better investment, lower payment, own in less time. I am sure the bank will get something out of it. My only regret is we just put a new roof on and new windows in. But this move will improve quality of life immediately.
I did the exact same thing for nearly the same house a year ago. Congrats N8
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2004 DSG Vert
Posts: 584 | From: Dirty Five Thirty | Registered: Jul 2004
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hidnn.o.s.
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Member # 1219
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posted
quote:
Originally posted by N8:
quote:
Originally posted by 2stangs69-91:
lol so you are going into the new house and walking away from the dept in the house you have now? And you are fine with this?
Yup!
Watch, there will be reprocussions. I was going to do the same thing, you'll see ![[Wink]](wink.gif)
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R.I.P. Willie G. You are missed on this forum
Posts: 15950 | Registered: Apr 2002
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N8
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Member # 6048
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posted
quote:
Originally posted by hidnn.o.s.:
quote:
Originally posted by N8:
quote:
Originally posted by 2stangs69-91:
lol so you are going into the new house and walking away from the dept in the house you have now? And you are fine with this?
Yup!
Watch, there will be reprocussions. I was going to do the same thing, you'll see
negative...Already checked into it ![[Big Grin]](biggrin.gif) , new home is in my name not wife's. PLus I know about 6 people whom did the same thing and even re-purchased in their name. Some almost 3 years ago. And besides the credit hit. Nothing. 1 dude is about to buy again, his 4 years is almost up. I wish I did it earlier.
[ January 11, 2010, 10:14 PM: Message edited by: N8 ]
Posts: 11638 | Registered: Sep 2005
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5.0_707
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Member # 5893
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Congrats! ![[patriot]](graemlins/patriot.gif)
I've been kinda lookin around my neck if the woods (Santa Rosa) for a while but still haven't found "the one"
I know it takes time but dammit I can't wait any longer! I hate paying rent!
Posts: 888 | From: 707 | Registered: Aug 2005
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Wildfire532FB
CAFords OG
Member # 1482
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posted
Congrats, i've been looking for a house for the last month. I was first thinking of buying property and then building my own house but i think i'll just buy a house. I just want a small house with a big garage and some property. ![[Smile]](smile.gif)
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68 Fastback
84 CJ7
94 HMMWV
95 GT
03 F350
17 Fusion Hybrid
Posts: 17578 | From: 530 | Registered: Jun 2002
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N8
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Member # 6048
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posted
quote:
Originally posted by WildFire532FB:
Congrats, i've been looking for a house for the last month. I was first thinking of buying property and then building my own house but i think i'll just buy a house. I just want a small house with a big garage and some property.
Yea I want to do a custom thing as well. I have some land in Texas. But that is the wife and I's retirement plan.
Thanks for the grats gents.
Posts: 11638 | Registered: Sep 2005
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Wildfire532FB
CAFords OG
Member # 1482
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posted
quote:
Originally posted by N8:
quote:
Originally posted by WildFire532FB:
Congrats, i've been looking for a house for the last month. I was first thinking of buying property and then building my own house but i think i'll just buy a house. I just want a small house with a big garage and some property.
Yea I want to do a custom thing as well. I have some land in Texas. But that is the wife and I's retirement plan.
Thanks for the grats gents.
Where at in Texas? Our family(my parents/aunts/uncles) has a lot of land in Texas, been in the family since the 1800s. Its up near Oklahoma.
I found a place up here, 5 car garage, 3 car carport, another 2 car carport on 3 acres but the house is a manufactured one ![[Frown]](frown.gif) Don't like that plus they are asking way way too much for a manufactured house.
[ January 11, 2010, 11:37 PM: Message edited by: WildFire532FB ]
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68 Fastback
84 CJ7
94 HMMWV
95 GT
03 F350
17 Fusion Hybrid
Posts: 17578 | From: 530 | Registered: Jun 2002
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N8
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Member # 6048
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posted
quote:
Originally posted by WildFire532FB:
quote:
Originally posted by N8:
quote:
Originally posted by WildFire532FB:
Congrats, i've been looking for a house for the last month. I was first thinking of buying property and then building my own house but i think i'll just buy a house. I just want a small house with a big garage and some property.
Yea I want to do a custom thing as well. I have some land in Texas. But that is the wife and I's retirement plan.
Thanks for the grats gents.
Where at in Texas? Our family(my parents/aunts/uncles) has a lot of land in Texas, been in the family since the 1800s. Its up near Oklahoma.
I found a place up here, 5 car garage, 3 car carport, another 2 car carport on 3 acres but the house is a manufactured one Don't like that plus they are asking way way too much for a manufactured house.
I got a nice lil parcel of land in Midland Texas. The keep ripping me a new on taxes because I dont have a structure on it. One of the things I learned from my folks is the importance of education and land.
[ January 12, 2010, 12:02 AM: Message edited by: N8 ]
Posts: 11638 | Registered: Sep 2005
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Daniel50
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Member # 5629
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posted
i read an article saying stockton has one of the worst housing markets in untied states and also some of the highest crime. is this true?
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89 2.3- Sold
91 5.0- 12.7@110 sold
94 5.0- 13.0@105 sold
97 Cobra: Sold
95 5.0- sold
95 5.0-bone stock
Posts: 1017 | From: Discovery Bay, CA | Registered: Apr 2005
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N8
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Member # 6048
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posted
quote:
Originally posted by Daniel50:
i read an article saying stockton has one of the worst housing markets in untied states and also some of the highest crime. is this true?
Not sure about the crime...But yea the housing market is prime for the picking out here. And it is gettin worse.
[ January 12, 2010, 12:33 AM: Message edited by: N8 ]
Posts: 11638 | Registered: Sep 2005
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Rigo5.0
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Member # 5247
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posted
quote:
Originally posted by Daniel50:
i read an article saying stockton has one of the worst housing markets in untied states and also some of the highest crime. is this true?
This is. Stockton has had the highest foreclosure rate in the U.S. & crime rate is pretty high. There are a few good areas out there though. My Boss has a really nice home in Stockton.
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91 5.0 [331|T56]
87 Grand National
02 Z06
08 Challenger SRT8
13 Shelby GT500
00 Lightning
14 Camaro SS
Posts: 1454 | From: Kansas City | Registered: Jan 2005
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venomous99
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Member # 1917
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posted
congrats...at that price i would like to take two of them at least..lol
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MKII Q7
89LX
Posts: 4811 | From: dc | Registered: Oct 2002
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