Archive for February, 2010

Getting closer to owning our first home!

Wednesday, February 3rd, 2010

My husband and I are much closer to being first time home buyers!  It’s been such a long drawn out process!  We are working our way toward closing.  We are purchasing a HUD foreclosure home in Ohio.  Working with HUD and their property management staff has been a bit difficult.  They have a lot of ridiculous rules and seem to be slow about responding to communications.

We got our estimates for our contractors that will be installing a new water heater and carpet.  We are now waiting on our bank to get a second appraisal that will give them the “improved” value.  Once that is done, then we can apply for our first time buyer grant money with the Columbus Housing Partnership.  Then we just have to wait for that to come through and hope it shows up before our closing date at the end of February.  Otherwise, we have to pay HUD a $25 per diem.  That is really annoying.

I want to say that not all banks are created equal.  Definitely do your shopping around and be thorough about it.  We have gone through 4 banks in the process.  Their costs were all different and the way their procedures vary as well.  Also make sure that they have experience with the grant program you plan to use.  I had banks telling me totally different things and practically calling each other liars.  It’s been insane.  Also, be prepared for the numbers they give you in the beginning to change a lot.

In the end, I chose a bank that was a small amount more expensive just because their customer service blew the other banks away.  My mortgage banker with Union Savings has been absolutely fantastic.  He has gone above and beyond.  He made himself available late at night, on the weekends, and was always super fast at getting back with me.  Let me tell you from personal experience, customer service is VERY important.  The other bankers didn’t seem like it was very important to them.  Like they didn’t care if they got our business or not.  You get what you pay for I guess.

More updates soon!

IRS Offer In Compromise complete and my tax liens are released!

Wednesday, February 3rd, 2010

Hello everyone!  If you have been following my progress with the IRS Offer In Compromise, then here is great news!  I have reached the final steps in this whole awful process!  I mailed in the $100 payment a few weeks ago that I had offered as my final payment to get the OIC.  I called the IRS to confirm they received payment.  They did and they released my 2 federal tax liens on 2/1/2010!  Yeay!!!  My tax balance is officially zero!

Thank goodness because I swear, once you get under the belly of the IRS… the fees and interest make it impossible to get out from under them.  It’s like the student loan that you can never escape.

This couldn’t have happened at a better time.  With my husband and I buying our first home, I never could have been on the deed with those tax liens.  That really would have bothered me.

Please know, I do believe in paying your taxes.  It makes the world go ’round.  I have been paying my taxes on time and in full for many years.  One bad year a long time ago can screw everything up for you and it can seem like there is no way out.  So, I am grateful for the immense help I just received from the IRS.

Now I am waiting for the letter of lien release.  Then the final step will be to get the liens updated on my credit to show released.  I’m not sure just yet if they can be removed completely, but I will work on that.

Toyota recall and my experience as a 2009 Camry owner.

Wednesday, February 3rd, 2010

I leased my first 2009 Camry in 6/2008. Had it for 6 months until a guy ran a red light and t-boned the driver’s side with his truck. The car’s safety features performed well. Both side and side curtain airbags deployed and the safety shut off activated. The car had to be totaled and I have some long term injuries, but the Camry did save me from a much worse fate.

I immediately went back and leased ANOTHER 2009 Camry in December 2008 because I was so pleased with the car. My second lease has not been pleasant. After taking the Camry home, I realized it was pulling noticably to the left. I took the car in to service FIVE times!! Each time, they told me they fixed it, but the problem was still there. They even tried to give me some ridiculous story about what they supposedly fixed until they realized I knew they were full of it. I used to work on cars and they were saying something completely unrelated. Extremely angry, I took the car in the last time and they finally told me the factory had a batch of cars where the machine “installed the struts incorrectly”. They finally fixed it.

I was also told by numerous service staff that I would still get my two free oil changes that came with my first Camry… to use on the second Camry since I basicly had paid for them, but never got to use them. And also because I came right back and leased another one. Toyota scored over $25k when the insurance totaled that car. So of course, when I tried to use that extra free oil change, the service manager told me no even though the person who scheduled my appointment over the phone had confirmed it would be ok. I was mad because I had been told by several other people in service that I would be able to use them. I told him that if I had been told no from the beginning, then I wouldn’t have a problem with it. I told him I had come there prepared to not have to pay for it. I was mad and said “had I known this, I would have went somewhere cheaper”. So he said “Why would I give it to you for free then if you are just going to go somewhere else after you use all your free oil changes? How would that benefit us?” I couldn’t believe he said that. So I said “are you telling me that you would refuse someone their free oil changes if you knew they were taking it somewhere else after that?” He said “no”. Then he questioned me for the names of who told me I would get them free. I didn’t remember. I am horrible with names. So then he talked to me as if I were lying and said rudely “how am I supposed to correct this situation with my staff if I don’t know who said it?” I yelled “Have a staff meeting and tell EVERYONE!!!” I slammed my hand down and said “NEVER MIND! I’M GOING SOMEWHERE ELSE!” He stopped me and said irritably “I will take care of this one, but that’s it.” I said “FINE.” and stomped off.

Now for this recall… what bothers me most is that the only way I even knew about it was to hear it on the news. All this time and I have not got one letter or phone call from Toyota explaining anything to me. I realize they did not have the answers or fix, but they should have sent everyone a letter of explanation immediately. My Camry IS a part of the recall and I still have not heard anything from Toyota. I called Tansky Toyota where I bought my Camry and they said they had no information except what to do if I experience a problem. They told me I have to wait until I get a recall notice in the mail. What is ridiculous is that they expect drivers to make a split second decision to put the car in neutral, hit the brake, or turn the car off. So what happens if you have a car in front of you that slams on their brake for whatever reason, you let off the gas, but the car keep going. You have a couple of seconds to stop that car. Everyone knows that your brain does not have instant reaction time. I think their advice is dangerous. They should be telling people not to drive them instead. Just now, I heard that the Secretary of Transportation in Ohio said “stop driving the effected vehicles”. That’s just great. How am I supposed to get anywhere?

I saw the video of the conference with Toyota higher ups and it was sad. They blatantly admitted to cutting corners financially on safety and quality. I was disgusted with Toyota after seeing that. You should watch it! So now, I don’t even want this car anymore. I don’t want to pay a lease payment for a car that I won’t even own in the end. It will be sitting parked until it’s fixed. Who knows when that will be. Why should I have to pay for this? Who would pay for a rental car that they can’t drive?? And you know, they probably won’t even provide me with that either… a rental car!

I also want to add in response to the people comparing foreign to domestic recall practices… it shouldn’t matter what company we are talking about. NONE OF THEM should behave this way. It doesn’t matter if one responded worse then the other. What matters is that they aren’t handling things the right way. In my 15 years of driving, I have experienced a few minor recalls by domestic dealers (mostly Ford) and they were all fixed promptly. Toyota has left a bad taste in my mouth!