Getting cash to work with is not one of the easiest
things I've ever done, but I can say that I learned a lot, and still know
nothing!
I will share some tips with you that I learned along the way from some of those
well meaning, but I'm still gonna tell you "no" loan officers that were so
willing to work with me till they discovered our FICO score="0".
Even when I would tell them on the phone that we have "0" FICO score, they would
say "Nobody has a 0 for an FICO!" Or, "Wow, I never met anyone with a 0 credit
score!" (that was only one girl)
Note: Every time you allow a company to look up your credit score,
it brings down your score by 1 pt. So get a copy of it yourself and send it to
the companies who will go as far as to check your Fico.
When you have a deadline to come up with the money, most lenders want at least
15-30 days to finalize. The shortest time line was 7 days to get the money, as
long as I had all the paperwork that they needed.
Oh, and the paperwork, they will need! W-2's for 2 years back, your mortgage
papers, loan papers, all your debt papers, your home papers, your job wages for
2 years, any bankruptcy papers, foreclosure papers, bank account statements,
citizenship papers, bills, credit card statements, and more!!
So, do your best to be prepared, and maybe you'll shock a few agents as well!
Otherwise, just pray for the best, but expect the worse time ever in getting the
$$. Remember, the squeaky wheel is heard, and gets the grease! Good Luck!
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