December Updates

A lot of stuff has been happening, as it usually does as the year is preparing to close. Here's a brief rundown:

1. Saturday we cleaned out the Ex's old house, what I call the Marital Home. The same house I am trying to sell because she abandoned it, and it fell on my shoulders. It seems I am perpetually cleaning up after her.
2. The 13 yard dumpster was filled to the top with stuff that she left in the place.
3. The dumpster cost me $230.
4. My realtor called last week and said that she wanted to take inside pictures of the place so they publish a "virtual tour" online. This phone call prompted the cleaning up.
5. My realtor called again this past weekend and said the people that showed interest in buying and "gutting" the place, are no longer interested, and that no one else has showed interest yet. HOWEVER, the interest rates are down in the 5% range, so she is confident this will help boost sales...
6. My brother and Sweetie helped me to clean up the mess in the martial home, and I bought them lunch (actually Sweetie paid, but I paid her back).
7. The virtual tour isn't online yet.
8. I had a big fight, actually I lost my temper, with my middle daughter, "Three", Monday night.
9. She only visits me when she needs something and then leaves when she has gotten what she needs, without spending any time with me. I told her that I was tired of being used and that my "stuff" was no longer open for use, but she was welcome to come visit.
10. Three left a voice mail on my phone last night cursing (using multiple swear words - all of the good ones) at me about fixing a computer for her boyfriend.
11. Three is only 16.
12. Went Christmas gift shopping last night with Sweetie to prepare for our annual family get together scheduled this Saturday.
13. I spent money I don't have.
14. I don't have money, because my tenant still hasn't paid December's rent (which isn't surprising given her past performance the last few months).
15. I over-drafted my bank account by $21 dollars and had to borrow money from my 17 year old son, "Two" to cover me until this Friday when I get paid (sigh).
16. One of my projects at work is causing major problems at some customer's stores, and I have to rework the project in an emergency attempt to fix the problem. Only no one, including me, knows if my "reworked" design will fix the problem.
17. I just got disposable contact lenses that can be worn for up to a month. I am wearing a "test" pair this week and if the work out I can get some more for next year. Bye bye eyeglasses!
18. Sweetie bought me a new watch for Christmas. She told me to wear it to work today, so I am. It's a gold and silver Fossil watch with four diamonds in the gold face, at the 12, 3, 6, and 9 positions. It's really nice...
19. The watch band needs adjusted slightly as it is a little loose on the wrist. Either that or she needs to keep feeding me so I can grow into it.

OK that's all I can think of at the moment...

Later Lou

Whammie...

Well the loan company never called me back, so a little while ago, I called them. I asked them "Big Bucks or Whammie?", and they said.. "What?"

After a brief explanation of the old game show "Press Your Luck" (not really, but it makes a better story), I was told that the representative I spoke with yesterday had just stepped out to go to lunch, but if I gave them my SSN they would look up the loan for me. After a brief pause, I got the response, "Yeah, this just came in...!! Oh Sorry, you didn't qualify for the loan." Yeah, right, they had it probably most of the morning, just didn't want to call me and give me the bad news. (sigh)

I asked if I could qualify for a lesser amount, but was quickly told "No," because my credit score was below the minimum value for giving out a loan. I tried to once again express to the representative that most of the bad stuff on my credit was due to "Ex", whom I haven't been married to for seven years, didn't refinance debt "awarded" to her in the divorce settlement. I said that they should look only at the items that were new since our separation, and not the things that I was listed as a co-borrower on before my separation, and they would see that I have paid all of my stuff on time. I tried to argue that the bad credit score wasn't all my fault, and there should be someone alive to review my history other than a computer rating system, but I was told "Sorry, there is nothing we can do."

So basically the 30 minutes I spent on the phone giving my entire financial history was completely in vain, as all they did was pull my credit score, say "No", and move on. (sigh)

So, I guess I am going to either need a lot of baked sale items, or one really, really unique item I can sell on eBay? Any one have a rare old comic book, postage stamp, coin, or other collectible that I could buy cheap? I promise to not return it. :-)

Later Lou

Press my luck...

I spent most of yesterday talking to everyone I knew well enough to ask, how to go about getting "Big Bucks and No Whammies." The results were not great, but they have a little potential:

• Find a loan company that will grant me a loan. A co-worker suggested a company that I called last night. I spent about 30 minutes on the phone giving them my entire life's financial history. The representative told me I would get a call this morning, and I have been waiting all morning for that call... It hasn't happened yet, which leads me to believe from past experience that no news is definitely not good news.
• Ask the head guy at our office, who has a little money, to give me a personal loan. The issue with this is he is my boss's boss. I am saving this suggestion for next to last resort.
• Ask "Sweetie" to get a loan in her name and I make the payments to her in advance. This option sounds good, except that "Sweetie" doesn't want to have anything to do with this house because it involved "Ex", and because she feels that my luck is really bad, and that things aren't going to go as planned, and she will end up having to make the payments. This option is last resort.
• Ask my one of my uncles whom I have hardly spoken to for years, to loan me the money. I wasn't a good kid growing up, so there is a little bit of bad blood there. And to top off the situation, my brother had a similar situation a few years ago, and when he asked to borrow a few bucks, they told him they wouldn't help him. And he was the good kid growing up, so this one is beyond the last resort.
• Hope that money falls out of the sky, or that some lucky lottery winner decides to read my blog and show me pity and send me a small portion of his/her winnings. Yeah, I am dreaming, but I figure it's better than having a crime against my imagination - Right Limpy?
• I could petition the government for a grant... or I could sell them a few of my hammers... I understand they were buying a few for a couple grand each a few years ago. Nah, they would probably arrest me, or worse yet, make me work for them.

OK, so I am rambling... but it's what I do.... I am trying really, really hard to be patient for the phone call from the loan company. But it's only 15 minutes until the morning is over, and they did say they would let me know in the morning... Unless their office is in California, or Hawaii, then maybe I have a little more time...

Later Lou

Good News...??

This weekend I talked with a Realtor and I met with a contractor about the marital home.

Real quick update for new readers:

I separated from "Ex" in January 2000, and divorced in Dec 2001. She got to keep practically everything including the marital home. She lived there with her new husband and my kids until Sept 2006, after she bought herself a new $170,000 home on the outskirts of the school district - good for her. She put the marital home up for sale.

I lived in rental apartments for 7 years until I was able to buy the duplex building I have been living in for the past 3 years. I closed on the duplex in May 2007, and in July I rented out the second apartment.

In June 2007 the "Ex" had not yet sold the marital home, and decided that she no longer wanted to pay the two mortgages on the old marital home, and since I had all this money to buy my property that she would stop making payments on the mortgages. In the seven years of our separation she never refinanced the mortgages, so they were still in my name, and when she stopped paying on them, my credit rating took a nose dive. To stop the credit score "bleeding" I had her sign the property's title back over to me, and I paid the back mortgage payments, and have continued paying the mortgages and utilities since then.

Now back to the present:

My tenant has not been a reliable, on-time rent payer, so I don't have the rent money to offset the new expenses and I have had to use my credit cards more than I would like in order to survive. I have stopped the downward spiral of the credit rating, but in it's place I now have a downward spiral of available money.

So, I have decided to try to get rid of the marital home. This past week I contacted a Realtor who is supposed to be really good at moving properties, even in my real estate depressed area. The Realtor reviewed the property and told me that it could definitaly sell, but that I had to do some repairs to the place to make it appealling to potential buyers. Before this, I had already had a few people look at the place and give me estimates. Just to be sure they were good estimates, I had a new contractor come out this weekend and give me another quote.

The property needs about $10,000 worth of work to make it "sell-worthy". The Realtor said that with those repairs it could be listed for an amount that if it sold at that amount I would would be able to recoup the repair money, and still make a profit. The really good news is that I could accept an offer much lower than the listing price, and still break even or make a few bucks. The Realtor is pretty confident that the property could move pretty easily with the right advertising at the right places. So if the Realtor is right, I could be rid of the drain on my income and get a little extra money to pay off all my credit card debt, and finally get my head above the debt level.

There is only one road block to this whole scenario... coming up with the $10,000 to do the repairs. I only have roughly $6,500 in available credit, and my savings have been pillaged to purchase my duplex back in May. I am roughly about $4,500 short, and I don't know how to get the remaining amount.

I have already tried my local bank, my immediate family and other mortgage/loan places. No one is willing to loan an amount that small to someone who has the credit rating I have. As a matter of fact, one of my credit card companies recently reduced my "available credit" from $2,000 to $0 because of the dip in my credit rating... Yeah, thanks "Ex" for bailing on the mortgages in May, you were very thoughtful! (yeah, right!)

Anyway, I may have to take Tysgirl up on her offer to start a phone sex company... Or maybe I could have a bake sale?

Later Lou

No Money...

I currently have $0.85 in my checking account... Woo Hoo!! I am wealthy!

I am not really bad at managing my money, it's just that I don't have very much of it to manage... I make a good income, however I don't get to keep any of it. I pay taxes, child support, health insurance, and loans all of which are taken out of my paycheck before I even get it. So, that leaves me to "take home" less than 40% of what I earn. With the remaining amount I pay my car payment, car insurance, 3 mortgages, 3 sets of utility bills, credit card balances and if I am really lucky, I get a couple of bucks for groceries, and gas for the car... phew...

I need a new source of income... Anyone want to hire a used software engineer? Not that I am limiting my abilities to software engineering, because I can learn a new skill.... possibly.

OK I am done whining. There are a lot people with a lot worse problems and situations than me. So, I am going to go back to work, and wait patiently for my 40% at the end of the month.

Later Lou

Sick...

I am sick and tired... or tired and sick... but mostly sick of the run around. When people don't want to give you good news they give you the run around, or they make you wait by postponing the conversation as long as possible...

What makes me even sicker, is that I do the exact same thing!

I mentioned in a previous post, the one where I write about what I did to my brand new lawn mower, that I had contacted http://www.webuyuglyhouses.com/ in an attempt to get rid of the marital home. Well after 3 weeks, and multiple phone calls I got a final answer from them about whether or not they would buy my ugly house or not. They made me an offer... however, the offer wasn't realistic. They offered around $13,000 less than I currently owe on the mortgages of the house. So if I accepted their offer I would have to come up with $13,000 in addition to the money they would give me for the house in order to close the deal.... If I had $13,000 I would fix up the place, and rent it, or live in it, and I wouldn't need them at all!

The point I am trying to make, even though I am extremely discouraged that they didn't give me a reasonable offer, is that it took them 3 weeks to come straight with me and tell me that they couldn't really help me.

I have noticed recently that this happens a lot when I am dealing with this house. I tried to get the property refinanced through my local bank, and a process that normally takes 2 weeks, took over 5 weeks. After all that time, they said "Sorry, we can't help you, but here's the name of a private investor." I called the private investor, and the last I heard from him after 3 weeks of working with him, was that my credit score wasn't really strong, and he would have to do a little more research on how he could help... He hasn't called back since.

So, I am stuck with the house. I can't get a loan to help me fix it up, and it's not in any condition to live in... but I still have to make the monthly mortgage payments and the yearly tax and insurance payments... In otherwords I am flushing a lot of money down the toilet every month, and I am not even getting the relief of a good, clean lower intestine!

Speaking of sick, "Four" was sick at school on Thursday. The school nurse could not get a hold of her mother (who was at her home sleeping), so she called me. I had to drive 30 minutes from work to the school to pick her up and drop her off at her mother's house (which is about 5 minutes from the school), and then drive back to work. It was a wonderful extended lunch hour. "Four" is fine, and she went to school the next day. I am glad I was able to get her, but I am thinking I need to send her mother a bill for my time and the gas for my car... I think that's fair isn't it? I mean, she asks me to pay her monthly to take care of the kids at her place, why can't I ask her to pay me when I incur expenses for activities she should have done?

Nah, that would probably only increase her feelings of being "sick and tired" of me! :-)

Later Lou

Bring you up to speed.

It's been awhile since I have posted. I don't have any big reason or excuse as to why I didn't post. I just didn't, and I am not going to spend time trying to analyze why, I am just going to move forward and start posting again. I presume most readers (if I had any) gave up checking for updates... So that means I have a new opportunity to start over again with a new audience. If you are reading this, then you are part of that new audience!

So let's get started with the updates:

The biggest update is I am still here, and I am still alive, and I am still healthy. Woo Who!!!

Let me take a moment to give a little background about myself, and a little review of recent history, and then we can move forward.

I am a single parent with four kids. My oldest (we will call her "One") has left the nest and is on her own. She is working full time and managing her own home in Ohioville, PA with her fiancè (we will call him "PlusOne"). "One" and "PlusOne" haven't set a date for their marriage yet, but are doing well. The other three kids are living between my house and the Ex's house. My second oldest (we will call him "Two") who is a senior in high school, is living primarily with me, and the two youngest girls ("Three" and "Four") are living primarily with Ex. "Three" is a junior in high school, and "Four" is in middle school.

I have been on my own since February 2000, and I have moved quite a few times, improving my living places as finances allowed. I have been living in my current home for over 3 years, and just recently (May 2007) I bought the building. The building is a duplex, and I have rented out the second apartment, which is helping to defer the cost of the mortgage.

I am a computer programmer working for an international company with HQ in Israel, and has a main office in Dallas, Texas. I live and work in Western Pennsylvania, near Pittsburgh.

I am dating a wonderful woman (we will call her "Sweetie") who is a nurse, and a mother of two. Her oldest (we will call her "Other One") has also left the nest, has graduated college, gotten married, and is now working full time. Her youngest (we will call him "Other Two") is in High School. We have been dating for quite a few years, and we currently aren't talking about marriage, but who knows what the future might hold... You will have to stay tuned to find out more on that topic.

So now that you know a little about me, let me tell you a little about what's been happening in my life.

The last 6 months have seen a lot of changes in my life. First, as I have already mentioned, I became a homeowner in May. It's the first time since 2000 that I have owned property. Even though it's been almost 6 months since I bought the place, I am still thinking like a renter rather than an owner. The building needed some serious roof work when I purchased it, and a few other minor repairs. I got all of that done, and rented out the second apartment, and any day now I will be receiving my 3rd rent payment. It's a unique experience having someone else pay you rent. I have good tenants that pay rent on time, which I understand is a rare thing... So I hope they stay for quite some time! :-)

Buying my home was planned, and took 4-5 months to complete, but I am very happy with my decision. However, the second house I have acquired was not planned. Yeah, you read correctly, I have two properties. In June, Ex decided she no longer wished to pay for our old marital home. In August of 2006 she purchased a new home, and had been trying to sell the old marital home since then, but couldn't find a buyer. Her finances grew tight with the mortgages from both the old home and her new home, and she felt she could no longer afford the old house, so she just stopped paying the mortgage (actually there are two for that house, but that's not really important). She attempted to arrange a "short sale" with the mortgage holder, but I stopped it. Why would I stop it? Well it's actually quite simple: The mortgages were still in my name as she did not refinance after the divorce, and I did not want my credit score to be screwed over by a "near foreclosure". So to prevent the almost foreclosure, I had to take over the property, and pay the mortgages myself.

The cost of taking over the property (2 months of back mortgages, and title transfer fees) was approximately $1,800.00. Since I just spent all available cash I had on the purchase of my home, I didn't have the cash. I asked Ex to pay half and I would pay the other half, and then she wouldn't have to worry about the property any longer. I thought she agreed with that, but apparently didn't so when I withheld a support payment, she took me to court. Two unexpected things happened at the court hearing: I did not have to pay her for the withheld payment, and they lowered the amount of money I pay her each month. The only negative was that they now withhold the support payment from my paycheck instead of me paying her directly.

The marital home is in extreme disrepair. The roof needs replaced, water damage, and other damage inside the house needs to be repaired before someone can move into the place. I haven't decided if I will sell the place, or if I will fix up the place and live in it, or rent it. I don't think I can sell it easily since Ex wasn't able to sell it, and there are many homes in the area for sale, as well as the current housing market problems. So that leaves fixing it up, and either living in it or renting it. I could probably rent it pretty easily as it is very near a college, however, if it is fixed up, it would be a nicer place than where I am living now, and I could just rent out the other half of the duplex I am living in now.

So that's big financial stories, now onto the more important family stories. "Two" and "Other Two" spent the summer as counselors at Boy Scout camp. "Two" is currently ranked second in his class, and is trying very hard to get to first by the end of the year. He is also trying to decide what he is going to do next year for college, and he is trying to get his driver's license. "Three" just turned 16 last month and is spending most of her time with Ex. She hasn't been coming over to my house recently, and I am not exactly sure why, although I have heard it's because she thinks I have a flea problem in my house and I don't believe her. I haven't found any fleas yet, and I have sprayed. "Four" is coming along, and is spending something like 70% of her time with Ex, and the rest with me. All of the younger kids are now in their second week of school, and are still getting acclimated to getting up in the morning, and completing homework in the evenings.

Today "Four" said she wasn't feeling well and didn't want to go to school. She didn't look sick, and didn't feel feverish, so I sent her to school and told her to see the nurse if she didn't feel well. I hope she is OK, and will make it through the day. It's hard to tell if she is sick because she has not always been honest in the past about her health.

Tonight I am going with "Sweetie", "Two" and "Other Two" to the marital home, and we are going to do some major yard work. The lawn has gotten a little out of control.

The next post I will put up some pictures, and I will do my best to update more often!

Later