0
Does banker have right to search your credit when not a coborrower on spouses refi of 85k rental home I have a 7 year old discharged bankruptcy but a 729 score and not working and he 855 with 95k year?
Douganserene
sounds like he is the borrower. You can not be a borrower without income. You can be on the titlewithout income you should not be on the loan. The bank has to check just his credit with just his income . thanks John d the mortgage man
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Do you still have to pay for student loans when you file a bankruptcy?
You report all assets and all liabilities. However, government insured or backed student loans are NOT dischargeable.
Can the company who filed bankruptcy stop your long term disability after twenty years paid into this plan when working?
the reason for cancellation is bankruptcy can they do that?
What happens if you consigned for real estate and the person declares bankruptcy?
You need to consult a nearby personal bankruptcy attorney that has experience in working with creditor's privileges.
What would be wrong if a sebring wont start or make any noise but it will start with a jump?
Either a discharged battery or a corroded battery terminal. The battery could be discharged because the alternator isn't working.
What qualifications for VA home loan?
FOR NATIONAL GUARDS AND SERVICE MEMBERS You need a minimum of six years on duty if you are a National Guard or in the Reserves. All six years must be completed before you can apply for a VA Loan. Anyone who is discharged for a service-connected disability less than 6 years may still apply for a VA Loan but make sure you have a VA Loan Specialist working for you. FOR ACTIVE DUTY If after serving 181 days (90 days during the Gulf War) you are eligible for a VA loan unless you are discharged or separated from pervious periods of active duty service. FOR RETIRED VETERANS If you are a retired veteran you must be honorable discharged after 181 days (90 days during the Gulf War) of active duty. You can still apply for a VA Loan if you were discharged for a service connected disability for less than 90 days. FOR SPOUSES Surviving spouses who remarries on or after the age of 57 and on or after Dec 16, 2003. Spouses may also be determined eligible if you are: 1. An unremarried spouse of a veteran who died while in service or died from a service connected disability. 2. Are a spouse of a service person missing in action or a prisoner of war
What safety precautions should be followed when working on radio and tv capacitors?
The primary precaution when working on any capacitor is to ensure that the capacitor is disconnected from electrical sources and that it has been fully discharged.
If you have not paid child support because of bank repute?
If you have not paid child support because of bankruptcy in Canada? If you have not paid child support because of bankruptcy can you go back if the person is now working and have a income?
Is there any hope for a spouse not to cheat even if his marriage is in trouble?
All marriages can have problems, but with good communication skills and working out the problems. Not all spouses cheat. However, the longer the problems persist in a marriage the higher the rate of one or both spouses cheating.
Filing for Bankruptcy?
No one ever plans to file for bankruptcy, but if you ever find yourself in a financial bind, filing for bankruptcy to remove most of your debts may be the only alternative you have to start over again and reclaim your life. By filing for bankruptcy, you can protect yourself from creditors that may try to repossess your property and who often make harassing calls to your home. In the United States, individuals that need to declare bankruptcy can file for either chapter 7 or chapter 13 bankruptcy protection. Chapter 7 bankruptcy protection is the typical bankruptcy that everyone thinks of when they hear the word. In chapter 7 bankruptcy, the courts will try to liquidate your assets in order to pay off your creditors. Once all your assets have been sold off, the rest of your debts will be discharged by the bankruptcy court. Chapter 13 bankruptcy is slightly different. Chapter 13 bankruptcy is often called a working man's bankruptcy and is intended for people that have jobs. In chapter 13 bankruptcy, your bills become reorganized and consolidated. You will then have to work out a payment plan for the courts. Once the court has approved your plan, you have a certain amount of time to pay off your debt according to the plan. Should you fail to adhere to the plan, your bankruptcy protection will be nullified, opening you up once again to creditors. In order to qualify for chapter 7 bankruptcy protection, you need to pass what the government calls a means test. In order to pass the means test and meet the qualifications for chapter 7 bankruptcy, you need to earn less than the median income of the state in which you reside. If you earn more than $167 over the median income of the state you do not qualify for chapter 7 bankruptcy. Many people want to qualify for chapter 7 because it discharges most of their debts instead of making them repay it later as in chapter 13. Chapter 7 and chapter 13 bankruptcies can eliminate most debts, but some debts can almost never be discharged by bankruptcy courts. This includes student loan debts, lawsuit awards, spouse and child support, and most taxes. Also before filing for bankruptcy it is important to know how a filing can affect the rest of your life. For one thing, chapter 7 stays on your credit report for up to 10 years. Chapter 13 bankruptcy will remain on your credit report for 7 years. Having a bankruptcy on your credit report will make it difficult to obtain loans, get credit cards, find housing, or even gaining employment.
Do you have to be working to file for bankruptcy?
There are three types of bankruptcy namely Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and Chapter 11 Business Bankruptcy. Chapter 7 bankruptcy will discharge most types of debts for the average citizen. It will stay on record for ten years, but the major benefit is the stay it provides which prevents creditors from hassling you. On the other hand Chapter 11 bankruptcy is used by businesses, not citizens, to reorganize debts while Chapter 13 bankruptcy is wage earner's bankruptcy, which allows you to repay your debt through a plan. Among these three, Chapter 13 bankruptcy is considered as the best option for people with a steady income, who happen to have fallen behind in loan payments. idk and i dont give rats a**. hahahaha
What bankruptcy services can someone get for free?
If an individual cannot afford a lawyer to help with a bankruptcy case, they have several options. They can waive their right to an attorney and represent themselves. They can also look for an attorney willing to do pro-bono work, which is working for free.
What is meant by Chapter 14 bankruptcy?
Chapter 14 bankruptcy is quite new in the bankruptcy world, it provides companies the option to help themselves rather than being bailed out. This type of help could not only get the business back on it's feet but also keep employees working.
