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Updated over 3 years ago on . Most recent reply

User Stats

119
Posts
48
Votes
Amanda Thompson
  • Property Manager
  • Boise, ID
48
Votes |
119
Posts

Applicant with bankruptcy

Amanda Thompson
  • Property Manager
  • Boise, ID
Posted

I just got my very first application! This lady meets our minimum qualifying standards, including income and credit score. But when I'm looking at her notes it lists bankruptcy. I'm so confused! Can you have good credit and have recently filed bankruptcy? She also checks out that she has a good job, plus the money from selling a house. She's moving from out of state. In another notes section it says "Chapter 7 bankruptcy discharged"... help!

Most Popular Reply

User Stats

1,003
Posts
1,043
Votes
Owen Dashner
  • Lender
  • Omaha, NE
1,043
Votes |
1,003
Posts
Owen Dashner
  • Lender
  • Omaha, NE
Replied

You are going to have multiple applicant choices. Reject this one and move on to one that better fits your screening criteria.  Make sure to have set criteria that you use for screening every applicant.  

  • Owen Dashner
  • Loading replies...