And the moral of the story is: Very few MSers can say they made any "maximum amount". :-( Do you think perhaps this thread is dead now?

It has died several deaths if you wander back through it

Flash Wrote:
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> We do have a way of meandering

Yup...and that does make forums and threads fun and interesting. :-) However, I keep getting e-notices about replies to this topic....and the replies aren't about the topic! It's getting a little aggravating. Thanks, all, for not taking offense.

Wabbitmom--there is no moderator, except Jacob, the forum owner. We are self-policing.

We don't take offense. But may I suggest that with one of your notices you do the "Stop following this thread" option if it is annoying? I do think that most of the "maximum amount made in One Single shop" was covered in the first 20-30 posts and we are now to page 8 of the thread. There are a whole lot of threads I have stopped following because the question was asked and answered and folks moved on.

I have to tell you I know the answer to the main question has been answered but I have learned a lot about a few members of the forum through this thread. So to me it's been a great thread!!!
It's been great meeting and getting to know each of you a little better.

And I think a forum for us is great!! Let's us learn about one another and what we are all doing within the MS and a little personal things about our lives.

All in all I think this has been a Great thread!!!

You are all so kind, too.

Edited 1 time(s). Last edit at 06/29/2008 06:28PM by Sandra Sue.

True, I can choose the "stop following this thread" option, but I really would like to hear peoples' stories about their shops. As we are (probably) doing shops regularly, new stories could emerge all of the time. Plus, we could pick up new members who have their stories to tell.

So, maybe I will not check in EACH time there's a new reply, but every few days. I don't want to be too far behind in the topics, but it would allow for some "meandering" as you say, and I won't be spending time following it daily.

Btw, I recently applied for a shop that would pay $100-$300 for shopping for a mortgage loan. That would be a SCORE!!! Who out there has experience with this, and do ya have any tips? (And afterward if I earned the full $300, I could come back on this thread and brag, LOL!)

WOW sounds like a great job. How ya go about getting one of those?
I've applied for a mortgage before and not long ago. Unless you are instructed other wise it's a pretty run of the mill application for a loan.
You'd have to come up with a property you are interested in obtaining and qualify? To even get to the mortgage application part.

Well I don't know...maybe it's not such a good job. Come to think about everything involved.

I believe I'd check closer on the instructions for this type of job.

Just my 2c worth.

The one thing that you must be aware with any kind of loan shop is that they will constitute a hit to your credit report. You don't want too many hits in a year or your score will drop and you could be ineligible for credit you really want or need. So use good sense with this type of job, with insurance shops, with cell phone shops where you need to sign up for service and then cancel, with "payday advance" shops and an advance on a tax refund.

Yes they will require a Credit check. And everytime your credit is checked by a loan company or credit card your score lowers and your interest on your credit cards you have could go up in amount. Also when your credit is checked sometimes your "max" on your present credit cards is lowered.

Read on the news the credit card companies are routinely going through and lowering the "max" on many credit card holders. And raising the interest.

I wouldn't want to do anything that would require my credit be checked. Things are getting "dicey"
I wouldn't want to bring my name to their attention at this time!!

You have 5 days to cancel a mortgage. Or three working days? I think ours was 5 since a weekend was close. Then if you cancel the mortgage many mortgage companies have a pretty heafty charge because of the paper work they've had to do for the mortgage loan.

If she is looking at the shop I read through at one point and declined, she is to take the process all the way through receiving a check and then cancelling it all out. I believe that all the costs of the mortgage company are reimbursed to her and are separate from the hefty fee. My major issue with the whole thing was not wanting to have a refi on my credit record that I neither wanted or needed and eventually walked away from. Doing all the paperwork and such when I DID refi was bad enough.

And yes, credit card companies are tightening up because there are still two major "shoes to drop" in the current economic situation--one is major defaults on credit cards and the other is the default on commercial real estate mortgages. Slow payment and behind on payments on credit cards has been increasing rapidly over the past 8-12 months but is not at disaster stage yet. But too many consumers are just hanging in there by the slimmest of threads. Many have turned in lease cars early or defaulted and had them repossessed already. But there is nothing that is going to save a number of borrowers who have low adjustable mortgages that are going to bounce a few percent over the remainder of this year and into early next year where they can't refinance to a fixed rate mortgage because their house is already worth so much less than they paid for it. Some are working the lines of credit on their credit cards to try to be able to pay the mortgage, but eventually they run out of credit on the cards as well. The Bush administration changes to the bankruptcy laws in the beginning of his first term no longer allow a consumer to seek bankruptcy relief and be able to start over with a clean slate. They now will be required to continue paying credit card debt if I understand correctly.

The commercial real estate mortgages are in jeopardy because there was so much new commercial space contracted for construction before the economy began to unravel. Many smaller and large stores have either gone out of business or closed locations. Similarly small businesses are collapsing at a rapid pace and there is little financing or sense to starting new small businesses in the current economic setting. So office space and retail space needs are both declining at the same time that a lot of new space is being completed. Without tenants, the commercial real estate mortgages cannot be paid indefinitely.

No way would I go to accepting a check then cancel it all out if they would let me get that far. I'm trying to remember but I'm thinking we had 3 working days to wait for our check and we couldn't receive the check until the waiting period was over. NO way are they going to allow you to get to the part where you get the check and then cancel. That happens at closing. And if you make it that far you'd better be prepared to suffer the consequences or be dead. (smile)

I would NOT take this job!!! Your safer sticking to donut shops!! LOL!!

Sounds a little to me like a "scam". Who do you send the check to when you get the mortgage. And how do you know what property to buy?

Too many unanswered questions for me.

Yep things are getting bad all over. I know people are suffering by loss of jobs, gas prices, grocery.
Many are living on their credit cards.

I'm not sure about Bankruptcy laws. I know there are 3 or 4 different titles of brankruptcy but never have understood the difference in them.

I assume that it would be the bank that would cancel the deal and I assume that it would be on a refi rather than a new home purchase. With my luck I would get some efficient hotshot who recorded the mortgage before the ink was dry and I wouldn't know about it until I was trying to sell the place and discovered an "unsatisfied lien" on the property.

I feel sure this job is not a scam. It is necessary to make sure that the loan officer you are working with goes through all the disclosures and does not do as the gal did when I was actually doing my refi. Her standard phrases seemed to be "I'm sure that is covered in the fine print" and "I don't know, these are just the standard forms." Unfortunately for her I DID read through the ream of paperwork and I DID have questions I wanted answered before I signed. After her third call to her boss for answers I just asked to speak with him and took over the phone with my list of questions. The gal I was dealing with had nothing going for her except that the mortgage company had paid for her notary license that made her eligible to present the paperwork and collect and notarize signatures. Totally unacceptable and precisely the way a lot of folks got themselves in serious trouble because they did not get correct answers and didn't refuse to sign until they got answers. They just trusted that the other person was taking care of them. Duh.

Edited 1 time(s). Last edit at 06/29/2008 11:50PM by Flash.

I thought banks had internal auditing. Why have an outside source?

And how if you already have a refi or mortgage on your home are you going to qualify for another loan on the same house?
There would have to be another house besides one already with a mortgage, refi or home equity loan. No way there could be more than one loan on a house or property. I'm pretty positive there is no way you could have two mortgages on the same house.

Then there's the down payment on another property. 10% is the going rate? Where you susposed to come up with the down payment?

And the loan officer is going to know "what's up" pretty quick!

Sounds pretty fishy to me.
I wouldn't touch this with a 10 foot pole!!

When I originally purchased my home I worked out a deal with the seller that was to our mutual advantage that he would hold the mortgage. After his death his widow was in some financial straits and I made a couple of suggestions for speeding up my payments but her attorney confided in me that while the offers were good, she was not "getting" the concept. So I paid off my mortgage in full less than half way through its normal term by a refi.

I have been in my home more than a decade. During that time it has grown close to 10X in value, though in the present economic mess it is only at about 6X its original value. When I did a refi I did not take additional money out of the house, so my refi mortgage represents only about 15% of the property's current value. Often when I am doing bank shops I am inquiring about getting a "Second Mortgage" to "take some of the equity out of my house" for other legitimate sounding purposes. One really sharp banker suggested that I do a combination of a second mortgage and a home equity line of credit, both of which would appear as liens against the property. His goal was to maximize the second mortgage within the current rate structure of loan to equity ratios for the best possible fixed rate and after that was in place (i.e. the next day) come back and with a variable rate home equity line borrow the rest of what I supposedly wanted. He was using actual numbers and his mind was blown that my rate on my existing mortgage is about 3%. My refi had come at an optimal time, I was borrowing at a very low loan to equity rate and had excellent credit.

So in answer to your question, yes multiple layers of loans can be placed on the same property. The "First mortgage" is my refi and in any legal action or bankruptcy, they must be paid first and in full before a "Second mortgage" gets a cent. The "Second mortgage" then must be paid in full before any proceeds can be applied toward clearing up a "Home Equity Line of Credit". For this reason, the Home Equity Line of Credit in most circumstances has a higher interest rate because it is the highest risk of the three loans. In reality, because it is a variable rate, and the market is so screwed up at the moment, the Home Equity Line of Credit is at a lower interest rate than a new First or Second mortgage.

These jobs are do-able if you have a home you have owned for a while where what you owe does not exceed the value of the home. They could also work as a refi of an existing mortgage, again as long as what you still owe doesn't exceed the value of the home.

If the real estate market was not so squirrelly at the moment and lenders not so frightened about lending money "to the wrong person" or "on the wrong property", it could be a good opportunity for someone to get out of a variable rate mortgage and into a fixed one. But if you owe more than the current market value of the property, that is not going to happen.

That's called "creative banking" Flash.

I'd still think long and hard before I accepted a job seeking a mortgage. Long and hard. And I'm thinkin' I might want to consult with someone to iron out all the variables. A person could end up loosing their shirt (so to speak)

Can anyone tell me Where can you sign up to do a Casino shop for Harrah's? I would love to get 1 of these shops!
Thanks so much!
Sam.
party_girl_5873@yahoo.com

I just got a great shop today. They are sending me a gift card and then I go shopping!!
One of those great fun shops!!

I got a shop for a casino and I'm thinking it was Harrah's. I turned it down since I would have to go to Mississippi. Not too far but quite a hike for the pay.

Try Kern Scheduling or one of the Sassie shops. Or do an online search for Casino Shopping.
Usually if I'm looking for a particular shop I do an online search of the shop and get results.

I have done an auto shop that paid me $75 but over $300 in car repairs plus the fees to have another mechanic check for $150.

Hotel shops where the room alone was $250 plus $50 fee for the shop. Beautiful full moon night on Lake Tahoe.

Wow that sounds fantastic. I just signed with a local group doing motels, hotels and upscale restaurants. Looking forward to some great work from them.

pobeegirl Wrote:
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> I have earned $250 during a shop at a Motel for 3
> days. I surveyed their breakfast bar.

Where would I find these type of shops? I live in CA so I wanted to know what companies offer this high paying shop. I would love to do Hotel, Amusement parks, Retail, unrevealed video shops,etc. Please let me know. thank you

Check in with the Mystery Shopping Job Board on this site.
I've gone on the board and found a lot of different shops. I try to see if they shop my area before I sign on with them.

Billiencolosi,

Could you pretty please take the witch doctor thing with horns and tail off of all these posts and threads? It hasn't learned how to dance well with all the practice, and it distracts me from reading the messages. Thanks.

I thought it was a dancing buffalo.

It's actually a "dancing horse" Mane, tail, hoofs, ears. If it looks like a horse and has all the elements of a horse I suspect it's most likely a horse.

And for a horse I think he/she dances pretty well. LOL!!

At a Pet Store, conducting interviews and filling a Survey in Montebello, Cal. 3 hours at the store and 4 hours preparing paper work, result was =$ 23l.00, I hope I can find 1 or 2 a Month. But that's 1 in a time.

Flash Wrote:
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> What is worse is that the insurance companies may
> have done a "hard pull" of your credit report
> instead of a "soft pull" and your credit score
> will plummet.

Insurance companies look at credit reports and applications for what?? If am applying for auto insurance what bearing does this have on my acceptance. You either pay or have no insurance? However, even though this is "insurance credit reporting", "designed for insurance cos." (seperate from the big 3), every inquiry makes it way to the big 3. It can not enhance your score, but can decrease, for obvious reasons, but even from the formulas used including the number of hits. EVERYONE, please educate yourself as to the impact assignments may carry with them. Obviously, my question was rhetorical>

Edited 1 time(s). Last edit at 07/06/2008 08:34AM by Jimmy.

I made $65 for a shop at a college; it took an hour and fifteen minutes to do the shop and the phone call, plus another hour to write up. Not bad pay.

Fine dining - I have gotten as much as $50 (fee plus bonus) when the MSC really needed someplace shopped. On top of that was the valet fees, drinks at the bar, pricey dinner, and coffee drinks in the coffee bar (these were at a hotel.) $157 in reimbursements on those.

For one grocery store, I get $20 fee and $10 reimbursement. On that, I have to do a return the next day, but the returned goods are not discounted from the reimbursement, and the store is located a block from my house. For another, I get $20 plus $5 reimbursement. The third I get $18 and $8 reimbursement.

For short notice bank teller, I have gotten $27 several times. I LOVE those.

For high end fine dining, I will go 16 miles round trip; for a good bonus I will shop 5 miles from home; for the rest, its within 2 miles, or somewhere I needed to buy something at anyway, or its on my daily route of where I go (never more than 3 miles from home *and* directly on the way to get me to work or my kid to camp or school.)



Edited 1 time(s). Last edit at 07/06/2008 11:00AM by dee shops.