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September 13, 2005

Wow, Am I Lucky!!

Wow, I have the best dad in the world!! Really, I do.

My dad has been lecturing, coaching and teaching me through out the past couple of years on rebuilding my credit after stupid college mistakes! I'm getting there...I've come a long way.

My mom has been putting the "buying a house" bug in my ear. Although I would love to, I'm not sure I'm in the position to do that now. I called my dad for advice, and he said in my position and with no down payment, it was highly unlikely. He called his mortgage broker to make sure, and he agreed.

I got a call today from my dad. He said, no promises, but for me to look around for a house within a certain price range that he gave me, and that he would buy it and put my name on it to start building my credit even faster. He said house credit would really help besides my truck. He would take care of the downpayment, and I would pay him the mortgage every month. He'd be my landlord.

If for some reason, his mortgage broker advises not to have me on there for the sake of the payment, he will buy it and I can pay him rent every month.

All I can say, is WOW!

What's cool about my dad is that he's an awesome dad and is still a real dad. I was never able to get away with murder; quite the contrary! He has always had high expectations and will always tell me what he thinks.

But he is also the first to have faith in me and believe in me when I do well and prove myself.

Yes, I'm very lucky!

Now excuse me...I'm going to go look at houses :-)

Posted by Sissy at September 13, 2005 09:41 PM | TrackBack

Whaaaa hooo!

Posted by: Bou at September 13, 2005 10:34 PM

Great parents always know when to help....

Posted by: Amy at September 13, 2005 10:53 PM

Your dad sounds a lot like my dad was. Awesome. :D

Posted by: songstress7 at September 14, 2005 12:17 AM

You dad sounds great.

Posted by: VW Bug at September 14, 2005 07:21 AM

He could buy the house and then do a lease to own with you as the lessee (sp?). Not sure if that would work but at least it would show that you are paying the mortgage for a lease to own pupose. And usually when you do a lease to own you have to put down some sort of downpayment but not as huge as it is with mortgage. Sounds better than just paying rent for nothing.
My Dad did the same thing for me, Dad's are priceless :)

Posted by: Napster at September 14, 2005 04:00 PM

Wow. How nice that he is in a position to do that for you. I hope you find something you love!

Posted by: Jody Halsted at September 15, 2005 09:33 AM

Wow, what a wonderful dad you have! Enjoy the house hunting and may you find the perfect house!

Posted by: PrimoDonna at September 15, 2005 02:26 PM

And since he's your dad, if you miss a payment, he can legally spank you and then make you stand in the corner and THINK ABOUT WHAT YOU DID, LITTLE LADY! :-)

Posted by: Harvey at September 15, 2005 04:03 PM

Wow! What a terrific thing to do. He must love you :)

Posted by: Joan at September 17, 2005 04:58 PM