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I have a question for those that attended the seminar in March. Did they give you any idea of what each size apartment might cost on a monthly basis, w/mortgage, maintenance, insurance ? I was just wondering how indepth they got w/the information they gave. I know it would depend on which layout you are eligible for also. I guess i'm trying jump ahead and get a general idea of what that amount might be. otherwise, I guess you have to wait until you hear back from them.
thanks for any responses.
I have a question for those that attended the seminar in March. Did they give you any idea of what each size apartment might cost on a monthly basis, w/mortgage, maintenance, insurance ? I was just wondering how indepth they got w/the information they gave. I know it would depend on which layout you are eligible for also. I guess i'm trying jump ahead and get a general idea of what that amount might be. otherwise, I guess you have to wait until you hear back from them.
thanks for any responses.
I attended the seminar and as far as prices, they didn't explain anything more than what's on the website
What number did you all get that you are getting interviews already? I got a number in the 2000's so just wondering if I should even expect an interview. The number seems very high and unlikely I'll get through for just 122 apartments.
Anyone have any experience with this in the past lotteries as well?
Thanks All. I'm not really in the preferred group, but I've been working in the area for a while well so perhaps that may have something to do with it? My number is low, but high numbers shouldn't disqualify you exactly. I know of individuals who sent their applications well before I did, yet received higher numbers.
I got everything together already (even my mortgage pre-approval. Jumped the gun there so might as well include it with the rest of the documents).
I think your monthly mortgage would depend on how much money you put down and how much money you have to borrow and the kind of rate you get. There were reps from B of A and Chase present but they could only give ballpark figures. Based on their info I estimated that I'd be paying something in the $1000-$1200 range (or more) provided I qualified as a first time homeowner for the 140,000-150,000 purchase price units. I hope this helps.
Yes sorry I should have clarified, I know the numbers were assigned out randomly - but once you get the number, that is the order you will be called. If you are 1-122, then you have 100% chance of beign called since you are the first 122 people on the list. But then if someone gets disqualified, then they go to person 123, and on and on. But I guess I am wondering how often people get kicked out of the process for not qualifying/not able to buy, etc. I was thinking that with 2000 people ahead of me that within those 2000, the 122 apartments would all be bought by someone. So I was wondering if in past lottery processes, anyone had an idea of how common it is for people to disqualify/how many people end up being called.
Based on my experience with rentals, they move through the numbers pretty fast and A LOT of people are disqualified for various reasons (bad credit, previous evictions on their record, income ineligibility etc...) So, if you have a high # (as I do), don't be discouraged because there is still a very good chance you'll land an apt.
I attended the seminar and as far as prices, they didn't explain anything more than what's on the website
thanks Rick
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