All Forum Posts by: Mel Hare

Voted and its at 29.

Hondal,

Sorry I haven't got back to you sooner but I worked on my rehab all weekend and Monday I had to go out of town.

It would have been easier to get it removed from the Credit Reporting Agencies (CRAs) if you had asked the CA to delete upon payment in full ( PFD ) in writing.

You can bring your score up by reducing your utilization to less than 10%. Getting that collection off reports will help a bunch, because its new and that really hurts. Lastly, only time and paying your bills on time will keep your score rising.

Type in your search box, creditinfocenter discussion forum and this will take you to the free repair site that I belong too. Info is free from others who have gone thru this before you.

Lefty

Rehab702,

Lex Law has a bad rep for continuing to charge you your monthly payment after you cancel. They have been known to dispute good accts and they get it deleted and its almost impossible to get them put back on.

I've had two friends that used Lex Law and while some the bad things fell off, it was offset by the good accts that got removed. They have no reason to worry about what gets deleted because its not their credit thats being hurt.

Your credit score is the most importent thing these days because all lenders use it (with a few exceptions, FHA and such).

Lefty

hondal,

I know hindsight is 20/20 but you could have written, asked or pleaded with the CA to remove it if you paid in full. You can still dispute it to get it off the CRAs. Please stay away from lexington law.

If you need more info on the process let me know. My scores were in the dumps a few yrs ago and now there in the 700's. Not bragging just stating the facts.

Lefty

bstein14,

With that many houses being foreclosed on the only thing I can think of doing is buy cheap,put just enough rehab in it and rent or LO. People will still need a place to live.

Good question Jennifer as I'm interested in the answer too.

lefty

Minna you are right on about benefits/insurance. The $250.00 deductable I have to pay is peanuts compared to the amount it cost if you have an accident.

Lefty

What is everybody putting up for trim work. The flipping shows that I've seen the trim is all white. Is there a trend for white as compared to the wood look.

Lefty

I beleive to assume a mortgage it has to be a FHA or VA mortgage. If you really trust your friend you could do Sub 2 deal.

Hi swtserenity and welcome to forum. When I bought my first home I decided that I didn't want to cut grass or shovel snow so we bought a townhome.

It took me 6 mos of hunting to find my first rehab project and it was really hard to pull the trigger and take the plunge into investing. So far things are going great and we hope to have it on the market in 4 wks.

Its the fear of the unkown that kept me waiting to try it. You have to narrow it down to what you want to do. Go to some REI meetings listen to what others are saying, ask bunches of questions and try to get a feel of what you are comfortable doing.

Hope this helps a little.

Lefty