Ever get a call from "Sandra Thomas" about student loans?
caflowerluver
5 years ago
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Getting calls from neighbor's creditors
Comments (23)This is called skip tracing. I did debt collections about 10 years ago. It's normally a total last ditch effort to track someone down. You all may seem incredibly annoyed by it, but once in a while you get someone really chatty when you ask if they about someone's whereabouts and you get a good lead. May seem annoying - but realistically they're trying to find folks that owe tons of money, this isn't to chase down debts under $500 it's normally for thousands if not tens of thousands of dollars. Someone CANNOT say, hey I'm looking for your neighbor he owes money. They also are not supposed to tell you they're a creditor. The lines blur a bit state to state about what you can say, but all are covered by the FDCPA. I remember one time I called to get info, and they were like, oh hey he's out in the yard I'll get him on the line. It works, that's why collection agencies do it. One other thing, they may not necessarily be looking for someone's whereabouts. They may be looking to find out random things, where is someone working, etc....See MoreHow to educate college son about loans?
Comments (21)I imagine it must be difficult to want to help your child every step of the way, to make their lives easier, perhaps, than your's was at their age. I don't have kids so I've avoided that minefield. But boy do I ever hear from my friends and their kids, lol. I think about how my parents were with my brother and me (both are now dead). They were pretty much "all about" getting us to a stage where we knew right from wrong, listened to our consciences/inner voices, knew how to discern between "need" and "want", and were able to figure how and when to indulge "want" with minimal worry about how to fund it. Teaching us to be honest, resourceful, and hard-working was their goal. "Lazy" and "entitled" were probably the two worst things they could ever have called us; and the same could be said of the helpmeet and his brothers. I hate to come down too hard on young people in general, because I know many fine, hard-working, industrious kids. But I do think there are a lot more very pampered, spoiled kids now and I have to say I hold their parents responsible (parents who are my age!). I think it takes a lot of guts to post the sort of question you did, Wigardener., would that more parents did! You're right on this one; accountability and responsibility build character, even though the adjustments can be bruising (for both of you). You're right on this! don't let the "guilties" eat away at your resolve. Remember, much as you may want to, you are not in a position to foot the college bill. One day your son will reflect on this time in his life (the way I have in the past few years) and he will arrive at new appreciation for all you've given him....See MoreYou Won't Believe It--4th Buyer Can't Get A Loan!
Comments (45)Alrighty, let me see if I can answer you guys in order. NCRealEstateGuy, I gave the buyer all the information you gave me and thank you for that. I am not sure what he's doing with it. I got scolded on here before for trying to help my buyers get a loan. Trying to hold their hands and being too much in their business. So I didn't ask. We are not under contract yet. He called me today to let me know things are progressing. Sweet tea, he applied for the transfer and is waiting to hear. Don't know if he asked his bank about the letter. I suggested it. Yes Bill, the difference is the banks AND the market. Yes, multiple people told me the banks would want more than 20% but that was not for my original buyer. That was for my second buyer. After HE was rejected. After I lost the original buyer, I did what you're supposed to do and I called banks and asked them what they required. I told them I was attracting a lot of out of state people and at least one of them was self employed. They told me what he'd need. They told him what he needed. He got pre-approved. We went under contract. Later what the bank said he needed changed. That's why I lost him. It really had nothing to do with his house NC when it comes down to it. He was not coming out with as much money as he originally expected because of the flood insurance issue with his house. But at first that wasn't a problem. It wasn't a problem until the bank changed its criteria from him needing 20% down and one year's worth of mortgage payments in escrow to 40% and one year's worth of escrow payments, that it became a problem. Now he was short--he could only come up with 35%. The bank knew his whole situation being self-employed and relocating from the start. That was the purpose of the mortgage payments going into escrow. He was not starting a different business, just relocating his same business. But they knew all that. That's the point. We told them. Who knew you couldn't count on what the bank employee says? Now I know. And that's the point of this board. Not to constantly be picked on for being a for-sale-by-owner. Not saying that is specifically you NC. And what do you mean you put your own hardwood flooring in? How long do you think that's going to last? Ha! Funny you should say that live_wire_oak, because no, I don't have a note on my house. I paid for it with cash. All my vehicles except one were either paid for with cash or paid off early. Credit cards paid in full monthly. Yes, you're right, credit is a tool and I use it wisely. I will be paying off my only truck loan asap. I'm the customer. I'm a good customer. I don't really NEED them. I guess if you want to split hairs some buyers might need them. But I don't even really NEED to sell this house. I received more than offers. We were under contract. Why does the word "buyers" bother everyone so much? Okay, let's call them "pre-buyers,"--they're more than lookers, they're more than interested, they're more than people you are negotiating with--you are out of attorney review, you are under contract, but you haven't closed yet. So how about "pre-buyers?" No harm in interviewing realtors because that's what I did before I even put it on the market. There is nothing wrong with my price or my marketing. In fact, I just saw the agent who gave me comps, an expert in the area who specializes in horse property and she could not believe the action I've had on this place. I've been under contract three times, once for the full asking price, twice for close to it ($3,000. under) and I have a fourth one cooking. All in about eight months. I hate sounding like I'm bragging but some of you keep on insinuating that I am doing something wrong because I'm a FSBO. My problem is the banks giving someone a mortgage! I know this is not a vanilla kind of house and I know that's all they're giving out loans for--vanilla houses being bought by vanilla buyers. That's what I'm saying! That's what this post is all about! How the banks are over-correcting and making it almost impossible to get loans unless they are absolutely perfect and there's no risk whatsoever involved! And all I wanted to do was vent about how hard it is nowadays and maybe get some board buddies to shake their heads and say, "I know, it's a nightmare out there." Chrisdoc, I swear I have gotten at least two dozen people asking me if I'll hold a mortgage or rent with option to buy. More evidence people can't get loans. I can't because I'm using the money for my next place. And Live_Wire, the banks can go jump off a bridge because even though I could afford a mortgage, I'm not getting one....See MoreA ? about later school hours for elementary students
Comments (47)I'll ignore your childish name calling. For the benefit of others, if you want to compare schools, take a look at the annual US News rankings. It's not without its critics, and there are shortcomings in its methodology, but it provides one set of measures/assessments that can be used as an indication. Those engaged in looking at college choices for accomplished students know or can access what the Top 25 colleges are with this or other sources. The US News report is really more interesting and useful for most people when looking at public institutions and also looking at the middle of the ranges to see whether a particular school of interest is viewed as more or less accomplished compared to its similar peers and alternative choices. Those ranked near the bottom are usually there for good reasons and tend to stay low on the lists year after year. To do your own quick look, consider the following data points in comparing schools. This info is readily available (including from the US News site): Acceptance rate - lower is better. It suggests the school is in demand but they're picky about who they want. Does the school take all applicants or is acceptance selective? Schools with higher acceptance rates arguably have diluted talent pools and less capable students, overall. That can adversely affect the educational experience for more capable students. As an example but not the only one, take a look at the traditionally very large Big 10 and similar schools. The ones that are state institutions with very high acceptance rates. Most of these schools have Honors colleges or Honors programs so that the better students can have more advanced courses and more capable peer groups in their classes, as would be the case at a school with more selective admissions. Retention rate- How many freshmen return for the sophomore year. Higher is better. Graduation rate - What percentage of incoming freshmen complete their degrees within 4 or 6 years. Higher is better. While life happens and some students choose or need to drop out or discontinue their studies, lower percentages suggests admittance of students not capable of completing a degree program. Or, schools offering less than stellar programs that fail to complete an educational cycle with the vast majority of its existing students....See Morecaflowerluver
5 years ago
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