One of my biggest pet peeves is working with buyers that WANT to buy over their means! I have been working with this lady that is 6 months pregnant, dresses like a million dollars, has 3 cars all with loans, wrote 3 bad checks that were turned into collections in the past 12 months. She paid off her bad debt and called on Mother's Day asking if I could take a few minutes to tell her how to dispute the credit and that turned into 1 hour of advice.
Since her debt is so high she can only afford a price of $109,900 of course they want to buy for zero down! At the point she came to the office her credit scores and debt ratio was so bad she could approve for anymore and to top it off she would have to go FHA.......
So I told her look if you refinance these 2 cars and lower your debt by $250 per month and dispute the credit then by July it is possible you can qualify for 100% Conventional. So once I helped her on Monther's Day and did my best to keep her calm (she is spasmatic!!!) translation======you tell her something 10 times and she will still ask you the same question the next day.
Anyway I have called her off and on to make sure she was on track with the dispute while her new house is being built. About a week ago I told her that we need to schedule a time for her to come in and bring updated docs. she never returned my call or my e-mail and TODAY......I found out she is using another MORTGAGE COMPANY!!!!!! I cannot understand why after ALL I did to help her better her situation!!!! Anyway thanks for letting me VENT!!!!
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