I am not in a used sub-compact, but after lunch, I found out that my credit is whack!

By
Real Estate Agent with Keller Williams Fort Myers & The Islands

 

"I'm here every evening selling chowder and ice tea;  should have gone to freeee credit report dot com 

I could have seen this coming like and atom bomb. They monitor your credit report and send you email

alerts so you don't end up selling fish to tourists in T-shirts. "

 

I have seen that commercial 150+ times. I never bothered to right down the details about their services. Why would I? I don't need help from the company that could've helped that young man with the bad credit because I didn't think I had bad credit, that is UNTIL today.

I went to lunch, came back and found out someone had forged my name to a home loan. And not just one loan. It was more than 700 Billion dollars worth the loans! No warning email in my inbox from FreeCreditReport.com!

I know for a fact I personally signed on the bottom line for 1 loan the first week in September. My husband and I thought that it was a good time to purchase a home. Prices are low. We found a good deal, carefully assessed our finances and felt that since prices are the lowest they have been in more than 3 years, now was a great time to buy. I qualified for a loan based on my debt to income ratio, my credit score, my work history, my payment history. I thought I had signed up for a loan for that ONE house.

Then I heard 700 BILLION, I had NO IDEA I had ponied up for that much? How is this going to change my debt to income ratio? 

Not only am I a victim, but so are you! Every taxpayer is in my same situation! One of my new questions is this: Let's say for some unforeseen reason I can not pay the 1 mortgage I actually signed up for,  can I tack on my one little loan to all the others I now am on the line for?

I have seen people refi a home loan so they can pay off higher interest credit cards, cash out to put in a pool,  or buy a car. There are all kinds of reasons for redoing a loan.

I feel I am completely within the realm of reason to ask that my loan, in case of an emergency, be added on to the balance. If I need to do that and am not allowed to, it could result in a recession or even a depression for MY family.

More than this, I know I did not sign up for this extra money! Had I known I was getting a bigger loan I definitely would have opted for the following upgrades when searching for my own home:

1.) I really NEEDED a 3 stall garage, I settled for a 2 stall because that is what I could AFFORD!

2.)  I was eventually going to add a soaking tub to my master bathroom, however due to medical conditions, it truly is a must for me to have it NOW. Why should I wait for that tub when so many of the other homes I am now on the line for already have one?

3.) My husband likes to play golf, however we did not buy a home in a golfing community. Since I am now the guaranteer for a multitude of homes sitting on  golf courses, could I please have the addresses of the courses we will now have privileges to?

4.) I want to put in a new kitchen, could we add the $20,000 to the $700,000,000,000 worth of loans that my name got tacked onto? After all there is very little difference between $700,000,000,000 and $700,000,020,000?.  See you can barely notice the difference. Just one little 2?  I really do NEED that new kitchen.

When I think about what I can with a fair amount of certainty assume, that many of the 700,000,000,000 in loans that now have my name ( and your name and every other tax payer's name on it.) on it were arrived at due to these same types of NEEDS.

I guess until my new loan amount gets approved I will have to settle for my shower only master bathroom,  park my car in the driveway only dreaming about the 3 stall garage, make my husband figure out another way to play golf and here is the big one.....I am now sticking with my original kitchen remdoels palns...SAVE THE MONEY UNTIL I CAN AFFORD TO PAY FOR MY NEW KITCHEN!

Saving money now for what you want to buy later........

NOW THAT TRULY IS A NOVEL CONCEPT!!

 

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Tags:
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Rainer
20,724
Portsmouth NH Real Estate Agent - Rebecca Skane, Realtor®, e-PRO®
Keller Williams Coastal Realty - Portsmouth, NH

Ha.  I am reading this slowly and thinking, what?  700 billion?  You actually had good enough credit for someone to forge your identity and get this much credit?  Yeah....I am in one of those "dumbbutt" day zones.

Oct 03, 2008 10:14 AM #1
Rainmaker
813,782
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

So who gave us the credit... China?  Well, no problem we'll just say we're bankrupt when they want repayment. 

Oct 03, 2008 10:25 AM #2
Ambassador
2,737,312
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Great post Kimberly.  You really hit the button. 

Now, I offered to send President Bush my $10,000 share last week if the bill passed didn't have any pork. 

However, the bill includes tax breaks for rece-track owners, help for importers or exporters for Puerto Rican rum, worsted wool makers, and a few more.

Flagged

So, I'm withdrawing my offer and they can just wait until next October when I pay my taxes again.

 

Oct 03, 2008 10:39 AM #3
Rainer
13,971
Lou Farris
Your Castle Real Estate, Inc! - Highlands Ranch, CO

Kimberly,
Please see my voter guide: www.activerain.com/lousellsco for a record of the people responsible for your identity theft problem. i discovered who they were. they admitted it with their "Aye" votes, and because youa re concerned with getting your identity back, you, like I would want to kno wwho the perpetrators of teh crinm were.

great post!

you got my subscription with it, an dI hope youll come visit me, too.

My best always,
Lou Farris, MBA, Realtor(R)

Oct 03, 2008 11:35 AM #4
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Rainer
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Kimberly Lang

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