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Updated over 6 years ago on . Most recent reply

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16
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1
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Anish Arora
  • Investor
  • Pleasanton, CA
1
Votes |
16
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rent candidate has chapter 7 bankruptcy discharged 5 ys ago

Anish Arora
  • Investor
  • Pleasanton, CA
Posted

I have a guy (with 4 yr son) whose background checks indicates 700+ credit score, stable federal job (3X salary vs rent) for last 8 years, good references from past 2 landlords BUT had chapter 7 bankruptcy that was discharged in 2013. 

He wants to rent with a lady (she has 15 yr daughter) with 700+ credit score, 2x salary vs rent job, BUT she has "judgement from court" for child support services ( She needs to pay  for child support). Don't know the amount yet. 

What are your thoughts renting SFR to them?

Most Popular Reply

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1,272
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Ray Harrell
  • Investor
  • Chicago, IL
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Ray Harrell
  • Investor
  • Chicago, IL
Replied

700 credit score means they care about paying bills. Bankruptcies happen, and the fact that he was able to build to 700 in 5 years is a testament to his bill paying diligence. Child support also happens. That doesn't mean she was negligent in paying bills. A court order must be filed and a judgment granted in order to secure child support. Even if she was paying $1,000 a week to the father, without that judgment there is no RECORD of payment. She the judgment was actually to her advantage to prevent nasty surprises in the future.

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