 Owners selling condo, how often can she bring people over? |
| The owner of the condo we are living in is selling the place, how often can she bring prospective buyers into the condo while we are still living there? It's getting a little intrusive after ... |
|
 Why doesn't real estate just sell for the asking price instead of having to go thru all the paper work...? |
| Wouldn't it be easier to just put a price on it and sell it for that price? We don't go thru all of that when purchasing cars or anything else. Where did this practice start?... |
|
 "Forgiving" Mortgage defaults? |
From what I understand, a couple of years ago, people were buying houses, paying their mortgages, everything was "fine"...
Now suddenly we have this mortgage crisis-thing. Why ... |
|
 Security Deposit Being Withheld.? |
| I moved out May 31st, 2006. I paid a security deposit of $350 plus another cat deposit of $200. I paid with cashier's checks most of the summer and that is how I paid for my pet deposit. So ... |
|
 How can a landlord who requested you don't smoke in house/apartment tell that you have been smoking? |
Is there a way they can tell?
Additional Details
I'm not really referring to cigarette smoke, more like marijuana smoke.... |
|
 Mydaughter is renting from a private landlord. Rights Please? |
| Her roof is leaking, doors to downstairs rooms all off, No floor coverings, broken front window, previous tenants (he had multi occupancy, no fire regs observed) and previous 9 tenants mattresses and ... |
|
 Are there any programs to financially help first time homebuyers with bad credit? |
| i am looking to buy a home. i work full time and except for a jaded financial past, i am trying to get things straight. is there any help?... |
|
 Why do new houses have so few windows? |
There is a great deal of construction, of brand new homes, in my city. It doesn't matter what contractor is building them, or what part of town they are in, they all have one thing in common:
... |
|
 As a Realtor what is the best way I could win your business? |
| There are so many realtors and being recently divorced I am in need of more business. How could i do this without becoming a annoying 'salesperson"?... |
|
 My boiler broke down and my landlord won't fix it? |
| it has been broke down for over a month now i have no central heating, and no hot water,and 2 small children in the house. what can i do about it?... |
|
 Question about banks and mortgages? |
If my credit union collapses, what would happen to my mortgage? Who would take over it, the federal government?, another bank?
Additional Details
so what your saying is I'd have to ... |
|
 How much does a condo unit cost in California???...? |
at least in a safe and healthy community..thanks..I was wondering if I can afford to move out...
Additional Details
I would want to live somewhere near the beach..but i'm also ... |
|
 How do I find a good relator? |
| I am getting ready to sell my house and I don't know where to begin as far as selecting a relator. Are there any criteria I should look for when selecting a relator?... |
|
 Mice in flat? |
There is a girl at work, who says she has mice in her flat, is that anything to do with cleanliness? She is on the top floor.
Plus she has threatened to call the environmental health on ... |
|
 Question about Interest only mortgage.? |
| There some lenders that offer a fixed rate mortgage that only requires the interest payment for, lets say, first 10 years of the loan. Now, with this type of loan, does the borrower have the option ... |
|
 Is this the right time to buy a house? Should I wait some more? |
| I have some money to invest in it. Some folks say "yes" some are on the other side. I want to buy a property in South Florida and make it my primary residence.... |
|
 Why are fixed mortgage rates and adjustable rates different? |
| I just saw that a 30 year fixed mortgage is 6.07% and a 5/1 ARM is 5.91%. What are the reasons why these rates differ by nearly .2%?... |
|
|  |
bongosophie | Filed bankruptcy 11+ years ago. Loan app is asking if I have ever filed bankruptcy. Do I need to be honest? |
My husband bought a house 6 years ago. I married him 5 years ago then we refinanced adding me to the loan (we got 5.875%).
We are now trying to get a commercial real estate loan, but the application is asking if either of us has ever filed bankruptcy. It was almost 12 years ago. I thought it would drop off of your credit in so many years.
Do I need to be honest about this?
Can they use this against us?
I will be listed as the co-applicant.
Any advice is appreciated.
Our credit is impeccable! |
 |
 
flipdout2
|
Of course you need to be honest--they are going to find out anyway! besides, after 11 years, hopefully it has been discharged.
Others will tell you they only go back 7 years and I am here to tell you that's a big fat lie. I know this from personal experience. Also, since legally they are not supposed to hold it against you after that time, they don't have to tell you that's the reason you were denied a loan.
Good luck! |
|
skittles
 |
if your credit is impeccable it shouldnt matter but if they asked this question they will probably do a background check and find out anyway so you best tell them |
|
nightserf
|
You need to be completely honest about past bankruptcies. They do not automatically disqualify you for a loan, but dishonesty does. Read the question carefully. If it asks whether you have ever filed for bankruptcy with out including a phrase like "in the past seven years," you should answer truthfully.
Ignore the nonsense about a "statue of limitations." There's no such thing in this context. A statute of limitation sets a time limit beyond which a person cannot be prosecuted for a crime committed in the past. |
|
candied_arsenic
|
I would be honest since if they were to find out independently (which is fairly easy with a credit check), you would be in a much worse situation. Although it will probably count against you, any reasonable and rational creditor will see that it is far in the past and focus on recent history. |
|
legitamate2000
 |
Get a copy of your credit report. If it does not show up then don't use it, but if it does tell them. They will see it anyway. You can get it for free from annualcreditreport.com. good luck |
|
dolores h
 |
Yes , I would tell them . If your credit is now what you say it is , they will see that ,everyone at one point or other ,may have had problems with money , and they no that .
And besides Bankrupt is legal , so its not like you did something you shouldnt have done .
Now adays you can get loans even if you had bankrupt , its just a matter of paying a high interest , if it was just a matter of years , but in your case , its been awhile .
So yes !!!!!!! Be honest , if its meant to be you will get it . |
|
glenn
 |
I had a close relative that said no on a form like that when he should have said yes. His bankruptcy was also more than a decade in his past. Later on when he ran into difficulty with the loan-they charged him with bank fraud and said he would be going to prison!
Thank God he was allowed to stay out of prison, but that question needs to answered truthfully! |
|
what
 |
I agree, don't mention it, the limitation is ten years and it should be off you credit report now. Get a free copy of your credit report. Go to www.freecreditreport.com. If it still remains, they need to get it off, you'll need to contact them. Do this be for you apply for your new loans. |
|
aj485
|
Yes, you need to answer the question correctly. To do so otherwise is mortgage fraud, which can involve financial penalties and/or jail.
It's still in your credit history and in public records, even if it doesn't show on your credit report anymore.
Mortgage companies are starting to look much more closely at applications, given the fraud that has been occurring lately, so don't chance it. |
|
TheMom
|
You need to be honest. Read the fine print where you sign, you are signing that the information you provided is TRUE. You are being fraudulent otherwise. One that long ago will not be held against you, but fraud will and is legal grounds to call in your note early (demand full payment) if they discover it after the fact. Your entire history never disappears, it is available. |
|
HA HA at you!
|
You do not have to list it. It should be off your credit by now and you do not have to list it.
Most lenders only go back 7 years. |
|
MIND THE GAP
 |
It is a crime to lie on a loan application. ALWAYS tell the truth or you could be in trouble BIG TIME. |
|
Angelbaby7
|
nope the statute of limitations is up, don't even mention it, they can only hold it against you for 7 years.
GOOD LUCK! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 24 minutes(s) ago
| | | |
12 | 33 minutes(s) ago
| | | |
12 | 52 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
