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Re: O/T...bought my first house


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Posted by PJH on November 24, 2010 at 18:37:33 from (71.171.202.108):

In Reply to: O/T...bought my first house posted by Jamo58 on November 24, 2010 at 13:24:33:

Good memories Jameson.

I had to wait a few months to sign the note for our first house. The bank insisted that I be 21 before entering into a contract with me. I had already tried to buy a couple houses and had been turned down for a loan. Was pretty discouraging.

When I was 20 years old, an old fellow that I knew insisted that I look at a house he had for sale. I told him that I wouldn't be able to get a loan for the purchase. He persisted, and when I went to the bank, they never batted an eye. He had co-signed the loan without my knowledge, and assured the transaction. He held that house for me for six months. What a guy. I'll always be indebted to him, although he is now long gone. One of my greatest honors was when he was dying of cancer and asked me to be a pallbearer at his funeral.

This man had an interesting saying - "I've never lost a nickel investing in the young people in our community."

I wish I was just half the man. . .

Paul


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