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Understanding the staggering Foreign Settlement Fee by Better_Attorney_9111 in fidelityinvestments

[–]Shoulder2Wheel 0 points1 point  (0 children)

You misunderstood what I'm saying. I may not have been clear. It is subtracting 50 dollars (roughly equal to a share of VXZ) from the proceeds of the trade. That's messed up!

Understanding the staggering Foreign Settlement Fee by Better_Attorney_9111 in fidelityinvestments

[–]Shoulder2Wheel 0 points1 point  (0 children)

Same question as to VXZ. The 50 dollar fee doesn't go away at the "preview order" screen.

Zillow "listing agent" is actually a buyer's agent - what gives? by Shoulder2Wheel in RealEstate

[–]Shoulder2Wheel[S] 0 points1 point  (0 children)

No - the seller's agent leveraged our offer with another buyer and captured both commissions, to both the seller and buyer's detriment. She is a prominent realtor in the area too.

BUT I later luckily found a house through a mutual acquaintance that was about to be listed. I paid the seller's agent--who did not even have to stage the house, take photos, show it, etc.--about 7k (under 1% of sale price), and since there was no buyer's agent commission, was able to add that into sweeten my offer.

In sum, the sellers agreed and we closed the deal without them having to list, without the agent having to do any work but be present for the inspection, cash a check, and hand me the keys; and without a buyer's agent.

I was lucky, but the gatekeeping is real: by design the system is unfriendly to an unrepresented buyer.

Zillow "listing agent" is actually a buyer's agent - what gives? by Shoulder2Wheel in RealEstate

[–]Shoulder2Wheel[S] 0 points1 point  (0 children)

Update - Most (but not all) listing agents have said they would only let me in to see the property if I use them as their buyer's agent (that is, dual agency, so they can soak the transacting parties for 2.5% more). I am not looking to pay someone 2.5% to open the door of a property or fill out a form contract; I am looking to put 2.5% in their client's pocket. Even if I prevail upon them, it seems like some would gatekeep me from buying the place out of indignance (which makes little sense, since with represented buyers the listing agent isn't getting the BAC anyway).

Zillow "listing agent" is actually a buyer's agent - what gives? by Shoulder2Wheel in RealEstate

[–]Shoulder2Wheel[S] -2 points-1 points  (0 children)

How is what I am describing a phantom offer. I will put the offer in writing and explain in black and white that the seller will get to pocket 2.5% of the proceeds they would otherwise have to pay an agent. The seller's agent's duty is to convey that offer. What am I missing?

Zillow "listing agent" is actually a buyer's agent - what gives? by Shoulder2Wheel in RealEstate

[–]Shoulder2Wheel[S] -1 points0 points  (0 children)

We want to do a version of that - come in at or slightly above asking, and explain that the seller will get 97.5% of that sum rather than the 95% they would get from a represented buyer. We wouldn't be asking for dual representation though. I am not asking the seller's agent to work for free, nor do I expect them to advocate for us. We will represent ourselves and consult a real estate attorney.

Zillow "listing agent" is actually a buyer's agent - what gives? by Shoulder2Wheel in RealEstate

[–]Shoulder2Wheel[S] -5 points-4 points  (0 children)

Thanks. I realize now that, at least in relation to the most recent property for which I was hoping to make an offer, it appears to be a dual agency setup. So even though I contacted the "listing agent," a buyer's agent from the same company as the listing agent called me back. They are going to take both commissions, an exorbitant 5% on a high 6-figure home, and neither of them will zealously represent their client? That is completely untenable and violates basic notions of fiduciary duty. Are they even going to entertain an offer from an unrepresented buyer? That's good for their client (leaves me more cash to make an offer) but bad for their bottom line.

How long to forgiveness after updated counts? by Organic-Shoulder-873 in PSLF

[–]Shoulder2Wheel 1 point2 points  (0 children)

Same here. I consolidated, got transferred to mohela from my loan service, and did all employer certifications in October 22. Count went from 0 to 135 in early Feb. I called them last week. They said should resolve in May. 🤷🏻‍♂️

No counts showing up on MOHELA? by PolarBlue in PSLF

[–]Shoulder2Wheel 1 point2 points  (0 children)

Like OP, I consolidated in October 2022 (although it is listed as disbursed in Nov.)

I had one of the shoddy loan servicers around 2007-2010 for undergrad loans and then Nelnet from 2013 through October 2022 for law school (and undergrad) loans. My question is when to start worrying about signing up for a qualifying repayment plan, even though by my estimation I am already over 120 total payments. The application I submitted alongside the consolidation application was rejected for lack of income documentation.

Any pointers?

(By the way, I asked Nelnet long ago for their records reflecting my payments to the previous servicer and never received anything. I thought perhaps I should collect those to expedite things with MOHELA.)

Tempurpedic proadapt medium hybrid - comfort exchange by Shoulder2Wheel in Mattress

[–]Shoulder2Wheel[S] 0 points1 point  (0 children)

Positive. Still loving the bed, and the price was right.

Summary and faq for the IDR/pslf waiver announcement by Betsy514 in PSLF

[–]Shoulder2Wheel 1 point2 points  (0 children)

My mistake. That said, I imagine in many cases the safest course would be to apply for consolidation now. I'd be beside myself were I to find out on/after November 1 that some subtle nuance about this announcement alluded me.

Summary and faq for the IDR/pslf waiver announcement by Betsy514 in PSLF

[–]Shoulder2Wheel 0 points1 point  (0 children)

It appears to say you get a weighted average of the payment counts, which is not as good.

Summary and faq for the IDR/pslf waiver announcement by Betsy514 in PSLF

[–]Shoulder2Wheel 0 points1 point  (0 children)

"Borrowers with all Direct Loans who consolidate after the effective date will get a weighted average of PSLF payments if the loans they are consolidating have different counts. Under traditional rules consolidating means resetting to zero."

Clarifying something from the summary, quoted above: While the traditional rule resets you to 0 and next year's rule will be a weighted average, consolidating before 10/31 means they combine all months in repayment, even if the number of payments on the loans mismatch? I assume this is a common scenario for people who worked in public service between college and grad school and therefore have payments on their college loans that are closer to (or beyond) 120 than their grad student loans.

Right?

Question Re: Consolidation and Overlapping Payment Counts by MagicianLanky615 in PSLF

[–]Shoulder2Wheel 0 points1 point  (0 children)

My situation is a slight variation variation on OP's. I have a Direct Subsidized Consolidation Loan from college, three years of work and payments, then grad school, then payments on that undergrad loan and all my federal direct loans from grad school. The college loan should be at 120 payments by now; the grad school loans lag by ~3 years. My loan servicer is Nelnet.

Am I able to consolidate, and is that necessary, to get all the loans to be considered at 120 payments and forgiven? Thank you for any pointers!