He had a life time of savings in his safe

@sallypup (57876)
Centralia, Washington
January 14, 2016 5:37pm CST
And you know what? The old guy went to buy his dream house. The real estate folks gave him grief. Why wouldn't they accept his hundred grand? Cause he did not have a way to show that he was solvent- no history of bill paying and no history of being part of the monetary establishment. I know that we are quite royally checked out when it comes to buying a house. The bank or mortgage company expects to see months of our bank activity besides work history. Its quite a We do NOT trust you process.
15 people like this
14 responses
marcyaz
@Marcyaz (35316)
• United States
14 Jan 16
He should try a credit union they don't seem to be as strict as the major banks. I know someone in about the same situation and he decided to then go to a credit union and was accepted.
3 people like this
marcyaz
@Marcyaz (35316)
• United States
15 Jan 16
@sallypup My friend has said he had loads of paperwork also but he has persisted.
1 person likes this
Jaymie Suh
@cherriefic (10400)
• Philippines
14 Jan 16
What a shame. I think that in US, credit history is very important than having tons of money in your safe.
3 people like this
Lenore Plassman
@sallypup (57876)
• Centralia, Washington
14 Jan 16
@cherriefic You seem to be correct. My husband went to rent an apartment and the company renting the place insisted on seeing his university degree. Possibly cause of his disability. I call it discrimination.
1 person likes this
Anne Marie Guyer
@LeaPea2417 (36442)
• Toccoa, Georgia
15 Jan 16
There is something not right with this. That the guy was going to pay in cash, that should be no problem.
1 person likes this
Valerie J. Routhieaux
@just4him (306239)
• Green Bay, Wisconsin
15 Jan 16
They denied him buying a house when he had the cash for it? That's awful!
2 people like this
Lenore Plassman
@sallypup (57876)
• Centralia, Washington
15 Jan 16
@just4him How to prove where the money came from? That it was clean and not gotten from dirty dealings?
2 people like this
Valerie J. Routhieaux
@just4him (306239)
• Green Bay, Wisconsin
15 Jan 16
@sallypup I understand the whole money laundering thing. It's just too bad that someone who saved their entire life couldn't buy their dream home.
2 people like this
Rohvannyn Shaw
@Rohvannyn (3098)
• United States
14 Jan 16
It's rather interesting how he had enough to buy the whole house, but they gave him trouble about it because he had no credit history.
2 people like this
Lenore Plassman
@sallypup (57876)
• Centralia, Washington
14 Jan 16
@rohvannyn I have opened my e-mail to realtors cause of our thinking about what to do next on houses. I am getting an education from having done this.
1 person likes this
marcyaz
@Marcyaz (35316)
• United States
14 Jan 16
@Rohvannyn I think it's a crying shame that he wanted to pay cash and they wouldn't accept the cash. Really that is so wrong.
2 people like this
Tiff Gray
@T_gray (7774)
• Salina, Kansas
15 Jan 16
credit is a strange thing. I never understood it.
2 people like this
Michelle
@infatuatedbby (95001)
• United States
15 Jan 16
I know right!
2 people like this
rebelann1949
@rebelann (111177)
• El Paso, Texas
15 Jan 16
The last thing a lender wants to see is someone paying outright for anything huge. It all seems to be based on greed.
1 person likes this
Peter B. Giblett
@pgiblett (6524)
• Canada
15 Jan 16
I have my eye on a house across the river and next month I intend to purchase it with cash, but by that time the money will be in the bank. If they guy had the cash to buy it in full the only reason anyone would have given him any grief is because he didn't have the money in the bank. The best thing he could do it put it in there.
Judy Story
@jstory07 (134460)
• Roseburg, Oregon
16 Jan 16
If he paid cash for the house what different did it make.
Anna
@LadyDuck (458091)
• Switzerland
15 Jan 16
That was one of the reason why we do not moved to the United States. Everything is based on repaying debts, this is a thing that we hate.
PaintsOnSlate
@PainsOnSlate (21854)
• Canada
15 Jan 16
And here all this time I thought cash money spoke loudly. I guess most humans leave a trail easy enough to follow. IVe never heard of anyone not allowed to buy with jut cash and no history.
1 person likes this
Anne Johnston
@AnneEJ (4917)
• Dollard-Des-Ormeaux, Quebec
15 Jan 16
It is very important to have a credit rating in order to do anything these days.
1 person likes this
PLETHOS
@Plethos (13560)
• United States
15 Jan 16
i think they want someone who may default on the house loan so that they can repo the house and sell it again. they also make money off the loan over the years, not a one time full on cash payment.
Shiva
@Shiva49 (26202)
• Singapore
15 Jan 16
I think increasingly our documents are us and we are nothing without them! I feel the world is becoming less trusting - siva
1 person likes this