What's new
Fantasy Football - Footballguys Forums

Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.

*** Official Real Estate Forum *** (5 Viewers)

Wondering what happens when you remove the AU from your account?  Does that come off their credit history or does it stay?

ETA:  Found it.  Looks like it will come off the AU history.  At the very least it no longer gets updated.  https://www.thebalance.com/authorized-user-credit-scores-961087#:~:text=The Impact of Being Removed,-Being removed as&text=If you're the primary,your credit report as normal.

 
Last edited by a moderator:
Wondering what happens when you remove the AU from your account?  Does that come off their credit history or does it stay?

ETA:  Found it.  Looks like it will come off the AU history.  At the very least it no longer gets updated.  https://www.thebalance.com/authorized-user-credit-scores-961087#:~:text=The Impact of Being Removed,-Being removed as&text=If you're the primary,your credit report as normal.
Correct. As with a lot when it comes to credit the answer is: It depends. In this case, it depends on the card issuer. It can remove the tradeline completely or it can just stop reporting and leave the tradeline there. The majority of the time, the tradeline is removed. 

Special note since we have discussed AU's.... NEVER, EVER, EVER "buy a tradeline" or in other words, pay someone to add you as an AU in one of these 'markets'. Though it is not illegal specifically, it can cause issues. The big reasons for this are since this is a semi-black market, you are opening yourself up to ID theft. The other is that once you apply with an AU on your credit that you paid for, it can be used to show mortgage fraud if applying for a mortgage or bank fraud for other loans or credit cards. Finally, in mortgage underwriting, the only AU that is not questioned at all is that of a spouse. Anything else gets questionable and an underwriter can force the AU to be taken off and credit repulled, potentially causing the loan to no longer be qualified. 

 
Question - > Does anyone have any recommendations for specific areas to consider in Denver? What's the best way to explore an area without knowing much about it? Thinking in terms of housing that includes a back yard, open to solar panels, finished basement (man cave), but doesn't have to be more than a 2-3 bedroom place. 

Obviously safety and cost would drive any decisions. Currently, we are familiar with Colfax Street off of Sheridan, which is about 5-10 minutes from the Broncos stadium.

Long story short, would like to begin searching for some of the above just to begin exploring options. I realize Zillow and other sites like that will help in the actual searches, but need assistant from Denver area experts on places to live to help narrow down a search, etc.

 
Question - > Does anyone have any recommendations for specific areas to consider in Denver? What's the best way to explore an area without knowing much about it? Thinking in terms of housing that includes a back yard, open to solar panels, finished basement (man cave), but doesn't have to be more than a 2-3 bedroom place. 

Obviously safety and cost would drive any decisions. Currently, we are familiar with Colfax Street off of Sheridan, which is about 5-10 minutes from the Broncos stadium.

Long story short, would like to begin searching for some of the above just to begin exploring options. I realize Zillow and other sites like that will help in the actual searches, but need assistant from Denver area experts on places to live to help narrow down a search, etc.
any help on this?

 
In the second quarter of this year, 48.1% of mortgaged residential properties were deemed equity-rich, according to a recent US Home Equity & Underwater Report. This means that the combined estimated amount of loan balances secured by these properties was no more than half of their estimated market values. In Q1 of 2022, that number was 44.9% and 34.4% in Q2 of 2021.

This Q2 increase means virtually half of all mortgage payers are in the equity-rich territory – the highest percentage on record. At the same time, just 2.9% of mortgaged homes were considered seriously underwater in Q2 of this year – the lowest percentage recorded. The second quarter improvement in home equity was due mainly to soaring home values. And even though home price appreciation seems to be cooling because of higher interest rates, it's expected that homeowners will continue to build their equity for the remainder of the year
 
Just had a great convo with a good friend that does development projects. He says that the larger builders have cut back on employees quite a bit, and with the slow down, labor costs are coming down as work has slowed down.

So instead of the labor getting top dollar, they are slashing their rates just to keep working.
 
Just had a great convo with a good friend that does development projects. He says that the larger builders have cut back on employees quite a bit, and with the slow down, labor costs are coming down as work has slowed down.

So instead of the labor getting top dollar, they are slashing their rates just to keep working.
 
Just had a great convo with a good friend that does development projects. He says that the larger builders have cut back on employees quite a bit, and with the slow down, labor costs are coming down as work has slowed down.

So instead of the labor getting top dollar, they are slashing their rates just to keep working.
Housing is he #1 thing that drives the economy. When this subject is more main stream news, rates will fall.
 
Just had a great convo with a good friend that does development projects. He says that the larger builders have cut back on employees quite a bit, and with the slow down, labor costs are coming down as work has slowed down.

So instead of the labor getting top dollar, they are slashing their rates just to keep working.
Housing is he #1 thing that drives the economy. When this subject is more main stream news, rates will fall.
Rates will fall when the Fed realizes that economy is dying (they are always late on realizing anything), inflation falls and they react to get the economy moving again by buying bonds. My time frame is about 1-2 years.
 

Users who are viewing this thread

Top