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hherrm
1407 Posts |
 Posted - 04/03/2008 : 4:58:37 PM
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Have a R/T (no cashout), recently on MLS. Lender will do it if 1 day off of MLS as R/T, but since my guy took a cashout 5 years ago, Texas law, once a cashout always a cashout, he needs to have 6 month now off of MLS. 740 score/56 % LTV, full doc..darnit!!!
What a joke!!!
Sorry for my rant. |
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fund-n
320 Posts |
Posted - 04/03/2008 : 5:02:23 PM
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| I read it wrong.. I thought you said " I hate Taxes " cause I too hate taxes! |
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RodneyLO
832 Posts |
Posted - 04/03/2008 : 5:03:49 PM
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Yep, it ***** pardner!
Seriously, it does suck. The law pretty much penalizes people for ever cashing out. |
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hherrm
1407 Posts |
Posted - 04/03/2008 : 5:05:41 PM
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| I've heard that it is because somebody (politician) did not file the proper paperwork that supposed to go with this law. |
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Xpatriot
333 Posts |
Posted - 04/03/2008 : 5:05:47 PM
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| dont mess with texas! |
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nutesch
508 Posts |
Posted - 04/03/2008 : 5:08:38 PM
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quote:
Originally posted by hherrm
Have a R/T (no cashout), recently on MLS. Lender will do it if 1 day off of MLS as R/T, but since my guy took a cashout 5 years ago, Texas law, once a cashout always a cashout, he needs to have 6 month now off of MLS. 740 score/56 % LTV, full doc..darnit!!!
What a joke!!!
Sorry for my rant.
gotta love Texas! On a side note, I found it interesting when visiting Dallas Tx that there were more $30,000 millionares there than anywhere else on the planet. Anyone else notice that? |
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hherrm
1407 Posts |
Posted - 04/03/2008 : 5:16:01 PM
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quote:
Originally posted by nutesch
quote:
Originally posted by hherrm
Have a R/T (no cashout), recently on MLS. Lender will do it if 1 day off of MLS as R/T, but since my guy took a cashout 5 years ago, Texas law, once a cashout always a cashout, he needs to have 6 month now off of MLS. 740 score/56 % LTV, full doc..darnit!!!
What a joke!!!
Sorry for my rant.
gotta love Texas! On a side note, I found it interesting when visiting Dallas Tx that there were more $30,000 millionares there than anywhere else on the planet. Anyone else notice that?
99% are probably politicians..lol |
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ExAE
65 Posts |
Posted - 04/03/2008 : 5:40:24 PM
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| And 900,000 act like millionaires. I moved to Dallas 5-years ago from Austin. I love this city, but the atmosphere is so different. I guess the same applies to San Antonio and Houston too. Like being in a whole other country! |
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Xpatriot
333 Posts |
Posted - 04/03/2008 : 5:43:45 PM
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| ft worth is so much different like that. |
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kellamtom
648 Posts |
Posted - 04/03/2008 : 7:51:27 PM
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| how bout em cowboys ; that new stadium is awesome and expensive close to a billion dollars |
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RyanA
137 Posts |
Posted - 04/03/2008 : 8:20:26 PM
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This is a fictional character that some girl made up here in Dallas, it is hilarious and fits the dudes here to a T. Look at the Blog, "Life and Times of Cash McMogulson" Freaking brilliant.
http://www.myspace.com/cashmcmogulson |
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nutesch
508 Posts |
Posted - 04/04/2008 : 07:09:15 AM
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quote:
Originally posted by RyanA
This is a fictional character that some girl made up here in Dallas, it is hilarious and fits the dudes here to a T. Look at the Blog, "Life and Times of Cash McMogulson" Freaking brilliant.
http://www.myspace.com/cashmcmogulson
That, my friend, is priceless. I love the I don't do "972's" LOL LOL LOL....such a cosmoploitan life he has in that big ole city. The next best thing would be to have OC and NYC move over and make the next "real desparate housewives of Dallas, TX" there.
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