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Old 05-17-2017, 07:49 PM
 
143 posts, read 126,738 times
Reputation: 22

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1st time I was rejected was for a collection on my credit report that hasn't been removed

2nd time was because breaking ground said I made over the limit(49k+)

I appealled that rejection and got a few more weeks.

My 3rd rejection was for the same thing , high income, but the number was now at 39k.

What I figured was, since I received 4 out of 9 holidays a year within the first 8 weeks it boasted my year to date income and that what they base their calculation on.

I appealed this decision to HPD and within a week my file was right back on breaking grounds desk. I was now dealing with a different leasing specialist. I sent him my pay stubs and AV just monday, and received an email today saying my file is now with leasing and compliance. I'm not sure what that means but I feel good

 
Old 05-17-2017, 07:55 PM
 
143 posts, read 126,738 times
Reputation: 22
I had to prove my case and my finances thoroughly,
 
Old 05-17-2017, 09:49 PM
 
994 posts, read 1,060,925 times
Reputation: 222
Quote:
Originally Posted by Rrumph33 View Post
1st time I was rejected was for a collection on my credit report that hasn't been removed

2nd time was because breaking ground said I made over the limit(49k+)

I appealled that rejection and got a few more weeks.

My 3rd rejection was for the same thing , high income, but the number was now at 39k.

What I figured was, since I received 4 out of 9 holidays a year within the first 8 weeks it boasted my year to date income and that what they base their calculation on.

I appealed this decision to HPD and within a week my file was right back on breaking grounds desk. I was now dealing with a different leasing specialist. I sent him my pay stubs and AV just monday, and received an email today saying my file is now with leasing and compliance. I'm not sure what that means but I feel good
Wow, that's some insane income calculations. That's a ludicrous spread. I submitted my appeal on Monday as well - I havent heard anything back.
 
Old 05-18-2017, 04:53 AM
 
143 posts, read 126,738 times
Reputation: 22
They calculate salary like this

When they ask for the.paystubs they will use your year to date income which will be divided by the number of weeks that has elapsed, take that number and multiplyit by 52 (if paid weekly) or 26 (if paid biweekly). And yo qualify you need to meet their requirements within 120 days of doing a lease. KEEP THAT IN MIND!

This calculation defies that of HPD and like I said b4 ask a lot of questions and be down right annoying and don't take no for a answer with these ppl especially if you can prove your worth.
Of you get holidays like do, your calculated pay could be misleading
 
Old 05-18-2017, 07:36 AM
 
1,258 posts, read 1,468,998 times
Reputation: 675
Don't they have to calculate income according to HPD regs? And what about people who have sporadic wage income mixed in with 1099 income?
 
Old 05-18-2017, 07:41 AM
 
994 posts, read 1,060,925 times
Reputation: 222
Quote:
Originally Posted by Rrumph33 View Post
They calculate salary like this

When they ask for the.paystubs they will use your year to date income which will be divided by the number of weeks that has elapsed, take that number and multiplyit by 52 (if paid weekly) or 26 (if paid biweekly). And yo qualify you need to meet their requirements within 120 days of doing a lease. KEEP THAT IN MIND!

This calculation defies that of HPD and like I said b4 ask a lot of questions and be down right annoying and don't take no for a answer with these ppl especially if you can prove your worth.
Of you get holidays like do, your calculated pay could be misleading
Uh, what? That's crazy. Wait, hold on, are holidays extra money? - I have to think about this now because my salary ytd alone works out to my yearly salary; however, my salary + holidays so far + vacation taken so far ytd puts me super high.
 
Old 05-18-2017, 08:25 AM
 
60 posts, read 67,557 times
Reputation: 13
They said they were going to schedule our appt. for this week and then came back and said "not just yet."
 
Old 05-18-2017, 08:44 AM
 
143 posts, read 126,738 times
Reputation: 22
Quote:
Originally Posted by Moving415 View Post
Don't they have to calculate income according to HPD regs? And what about people who have sporadic wage income mixed in with 1099 income?
They do have to follow those regulations but this is the calculation that they use, and they take which ever calculatkion is higher. I wasn't until the 15 week of the year that my year to date started to avg what is make by years end. Since my appeal to HPD I haven't heard anything negative about my prediction.
 
Old 05-18-2017, 08:50 AM
 
1,258 posts, read 1,468,998 times
Reputation: 675
So you prevailed on your HPD appeal? That's great, because HPD doesn't often second-guess the marketing agent. This system is so flawed...
 
Old 05-18-2017, 08:51 AM
 
143 posts, read 126,738 times
Reputation: 22
Quote:
Originally Posted by MannerundKatze View Post
Uh, what? That's crazy. Wait, hold on, are holidays extra money? - I have to think about this now because my salary ytd alone works out to my yearly salary; however, my salary + holidays so far + vacation taken so far ytd puts me super high.
Yes your holidays are considered tips and wages, they also include this as income. This year's cut off is 38,100.
My annual HOURLY income + my annual HOLIDAY income meet these requirements. Attention to detail is the key with these ppl, pay close attention to the things they say and especially what you say and keepa history of all the ppl your interact with.
Hopefully all goes well and hear from them asap.
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