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Old 07-17-2017, 12:51 PM
 
9 posts, read 9,861 times
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Hi,

Wondering what is the log# up to that has been called and any updates from anyone who were asked to drop off paperwork?
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Old 07-18-2017, 03:00 PM
 
162 posts, read 334,112 times
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Quote:
Originally Posted by Dtjj View Post
Hi,

Wondering what is the log# up to that has been called and any updates from anyone who were asked to drop off paperwork?
I haven't received any updates after dropping off the paper work a few weeks ago. I read somewhere else that they weren't even up to the log numbers in the hundreds yet. Did you get a log number below 100's? It will probably take a few months before hearing anything.
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Old 07-19-2017, 04:45 AM
 
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My log is below 50 but I am not a CB preference. I had missed my first drop off date but when I went last week I saw log numbers over hundred on the sign in book. Thank you for your respond abcdefgnewyork :-)
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Old 07-19-2017, 05:36 AM
 
Location: Manhattan
20,129 posts, read 26,407,309 times
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How hard is it for a household grossing $78K/year to get a bank mortgage for $426,000?


https://www1.nyc.gov/assets/hpd/down...tton-Place.pdf
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Old 07-19-2017, 07:18 AM
 
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You know that they have changed the minimum income from $78K to 85K - 119,250 for 2 bedrooms. They said it went up due to current interest rates.
As for the bank mortgage, I'm not too sure. This is my first time as well but I guess it has to do with your credit, income, other loans and monthly spending? I read from somewhere that they have a designated bank assigned to each development, not sure how true that is. If so, I wonder if their rates are lower?
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Old 07-19-2017, 12:36 PM
 
162 posts, read 334,112 times
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wow 50 is low! good luck! I dropped off my paper work the first day they said I was able to drop off the paper work but my number is in the hundreds. I called last week and they told me that I would just have to wait because they didn't reach the hundreds yet.

The change to the max income is what qualified me, before then I would have made too much. They do have there own bank mortgage dedicated for this lottery. This is also my first time so I am not sure if the rates would be lower.
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Old 07-19-2017, 02:07 PM
 
9 posts, read 9,861 times
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Good luck to you!! Are you CB Preference? These waiting game is a killer. I have been having dreams about this! LOL
They had first told me I was ineligible because they said I own or purchased property. So I appealed it and now they said they will move me back to the review department. They said I must have checked the wrong box. I'm saying to myself what box???Anyway, I wish there is a way to find out if my files really went back to review?
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Old 07-19-2017, 02:20 PM
 
162 posts, read 334,112 times
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No I am not CB Preference. I know, I have been dreaming about it as well. I know it's a long shot esp since my log number is so high. At least you got an answer that your application is in the review department, that is hope! I don't even think they touched my envelope. When I dropped it off it was probably about 10 other people who signed the sheet, I am hoping that helps a little. Do you mind me asking if you going for the 1 or 2 bedroom?
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Old 07-19-2017, 02:57 PM
 
9 posts, read 9,861 times
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Keep the faith. Will keep updating if there is news.
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Old 07-19-2017, 05:24 PM
 
9 posts, read 9,861 times
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Oops didn't see the last question as I was rushing out of work. I'm going for a 2 bedroom.
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