Finally "Silvers" build thread!! ('78 swb 2wd silverado)

[JohnC]

Yeah that's the great thing about our country's economic sector now. People that are working hard, paying their bills, and trying to make it don't get the benefits. Have you looked into another lender? When we first bought our house our loan got sold to two different lenders in a year. So I refinanced with a local bank here. I actually got a better rate, more knowledge, and I know that if I have a problem I can talk to them directly. Maybe something to consider. I know right now a lot of the lenders are not lending money as easy as they were a couple of years ago.

[Jonboy]

Sorry to hear about your luck, Dennis. Like John said, check out a local bank, or even a credit union. We did a cash out refi on our house at the first of the year with a large bank (they held the original loan) and it took forever. I thought that it should go quick since it would be all internal, but I was dead wrong. I wish I had shopped it around a little bit. I think the smaller banks realize that they need to make money too, so they are a little more receptive lately. The only problem is that around here, they all keep getting bought out by the bigger, lousy service banks.

[menace121978]

yea, the great thing about this wonderful state is we bought this house worth $340,000 at the time and paid $280,000. now 3 years later its worth $200k if were lucky. no one will touch it. and people wonder why there is so many foreclosures... we are stuck right now. and all our options are not good ones.

[menace121978]

our "financial advisor" really screwed us over getting into this house and what makes me sick is that we (I) didnt know any better. i made a promise to my wife that things would be okay and i'll be damned if i'm going to let anything bad happen to her/us like loosing or home.

[Jonboy]

I hear you. I have a rent house, and the tenants have not paid since May. I can't get them out. My only choice to keep from destroying my credit is to pay two mortgages, and hope the courts will finally let me evict them. The only good thing about this is as soon as it is empty, I am selling it just to get away from it. Then I am going to buy a toy. Want to move to Texas?

[JohnC]

Another good reason to move out of CA. just kidding man. I hate to hear you are going through this. Like I said before keep your head up, and just take it one day at a time. Remember we are here to help in any way we can, and even if it's just for you to vent. You can do it man, you have it in you!!!

[LEEVON]

Sorry to hear about the house Dennis. The build is still awesome, I don't like it when they go too quick anyway!

We're going through a similar situation, moved from FL 3 years ago and the house never sold, owe $250K and paid every bill (on two houses) until recently we decided that throwing another $75K down a black hole while the market recovers for 3 more years is not an option plus we lost the renter. Every bank and program considers us "investers" since it's not our primary residence, no loan mods even entertained. Accepted an offer of $130K yesterday trying to get short sale approval. 740 credit scores are now in the tank and home ownership went from a dream to a nightmare.

BUT!!!...we'll all get over it and someday be telling our grandkids about the great housing crash wayyyy back in 'Ought-Seven'.

[JohnC]

Originally Posted by LEEVON

BUT!!!...we'll all get over it and someday be telling our grandkids about the great housing crash wayyyy back in 'Ought-Seven'.

[f.monroe]

Man that sucks Dennis . I just logged on and decided to check on your progress . Instead I read about the refi issues . Definitely a downer . I am sure you will come out OK since you obviously arent one to bail , but it sucks that people have to default and actually wreck their credit , in order to get assistance . Seems familiar doesnt it . Govt passes laws and forces banks to make bad loans in the first place , said loans crash the housing market when bad loan holders cant pay , then the only people that are eligible for help in the first round is that same deadbeats that have defaulted on the loans that everyone knew they would default on when the loan was made . Sorry for the rant and I hope things work out for you quickly .
Frank

[SBTork]

Originally Posted by menace121978

thanks John... i still cant believe this. this was not supposed to happen to us. all the planning and everything... the lender says we've been on time and current for the last 3 years so they're not even going to look at us. they say wait until it adjusts dec. 1st and if we cant make the payment, then they will reevaluate our loan and "maybe" modify.

ridiculous... have to screw up our A1 credit just to have a chance at remodifying this messed up loan were in. theres nothing out there for the good stand up people who pay there bills on time and do what they're supposed to do and didnt overbuy on their homes.

Just as others have said and you, it is insane. This is what's become of the market? What's the old saying, an ounce of prevention is worth a pound of cure? It's figuratively speaking but you should not have to get the flu to get help, they should give you the flu shot before hand. It's kind of an odd way to put it but it makes sense to me. I wonder if/when this market will turn around because right now a lot of good people are getting screwed everyday.

[Tx Firefighter]

I'm late coming to this thread, but I wanted to point something out.

You need to change your upper ball joint bolts around. The bolt head is supposed to be under the arm and the washer and nut on top of the arm.

I know it's backwards from most standards, but there is a reason for it. When the ball joint boots get fully compressed at ride height and bulged out with grease, the exposed bolt ends will rub through the boots, ruining them.

It's one of those little details I remember from a suspension class about 15 years ago.

Sorry for butting in, I just wanted to try and save you some heartache and expense on such a nice build.

[BONZEYE]

Lotta work, looks good though man

[JohnC]

Where ya at Dennis? Got any updates for us?

[STOCKISH]

Dennis, hope everything is going OK for ya man. This market definately sucks for sure. Just keep your head up and keep on keepin on. You have a wonderful family and that is the most important thing anyone can posess. After all the housing issues and credit BS, you'll still have that family. Best of luck to ya and hope all is well. Ooh, almost forgot... That truck is SICK.
I Love it.

[BruthaMan]

Originally Posted by menace121978

BTW Guys.... our loan mod was denied today. not sure what were going to do... this thread is dead. atleast for now.

Sorry to hear the bad news, bro. Have been thinking about you the past few weeks and decided to check in on progress.

Hate to hear about the bad loan. Bad enough with the economy that took a dive from the fannie mae/freddie mac collapse last year and now we're learning about all the crooks in the financial housing loan sector as well.

Hope you can recover and *really* hope you can get back to your build. You have an amazing vision of what you want your truck to look like!

Wade

[menace121978]

THANK YOU all for the words of encouragment. it really means alot to me. i've been waiting to post in here until i had some news.

nothing yet... 1 good thing is we've been just saving and penny pinching so the truck fund just keeps getting bigger! keeping my fingers crossed that things work out and i dont have to dip into it!

[80chevyshortbox]

that sucks dude. i hope every thing plays out good with the house and evan if you just throigh the truck back together it will still be one bad a#s truck.

[68GMC454]

frame looks great... sucks abotu the refi though..hope it all works out for you in the end

[68c10owner]

Looks great Dennis. I`m kinda looking for another truck and yours is giving me some inspiration to get going on one. I got a line on a 81 fully loaded but I`m waiting to hear back from the guy. don`t let the money thing get you down. or make you go at the rest of the truck half a**ed. The truck is going to be awsome when it`s done.

[STOCKISH]

Keep your head up bro. It'll all work out in the end.

[v502]

Originally Posted by 80chevyshortbox

that sucks dude. i hope every thing plays out good with the house and evan if you just throigh the truck back together it will still be one bad a#s truck.

I hope you get everything figured out with the house go back to the truck start updating us cuz its awesome build. Wish you luck my friend.

[menace121978]

thanks for all the words of encouragement. you guys are the best!

here's an update! it is official. i am really looking for a 6.0 drivetrain now!! checked out 2 yesterday and not sure the route i'm gonna go with the trans yet. the LQ9 comes in esclades and denalli's but they are backed by either a 60e or 65e. Larry at GM Specialized Parts Planet (rancho recyclers) will put an 80e behind the LQ9 for the same price of $2500. i have a few emails out to nelson performance and wait for me perf. to find out what all is involved with the wiring and ecm when i go from the 60e to the 80e. i'm going to give them both a call on monday to see what has to be done.

1 downer is the new arrival (complete) 6.0 they have now has 100k on it already and i know these motors are good for 300k+ but i just have a hard time putting that high a miles motor in something i have worked so hard to get where its at. lower miles would just be piece of mind for me. i'm just going to keep bugging them every few days till i get what i want

[draggin86]

Hey Dennis we still need to meet up! i hope all the house stuff is going better!

Billy

[joe231]

Right On!!!

[nlped]

Cool Taters... Congratulations!!!