I was wondering if you knew what happens to a tax lien if the owner filed bankruptcy.

Negative credit history including bankruptcies or repossessions is unacceptable.Applicant is preferred to have a minimum of one-year verifiable rental history.

We're renting it out and the renter could be a great candidate for a lease option with seller financing since she's coming out of a bankruptcy not too long ago.Approx value is 525-550K.  

I'd imagine that guy had to declare bankruptcy. 

I have a question.I am an active investor in Mecklenburg County area and am looking into ways to obtain the following leads:Notice of Default/Lis pendantsActive or Dismissed LiensActive or Dismissed Bankruptcies Active Divorce filings with real estate property involved I'd love any guidance on where to look and who to inquire to within Mecklenburg County records.

Lease agreements if the property is occupied, appraisal, 6 months reserves, minimum 640 credit score, credit lines open for at least 2 years with no bankruptcies in the last 36 months.Then there's the properties requirements which is another thing.

It was during the time when Detroit declared Bankruptcy.

This will include properties that are on a payment plan or are in bankruptcy as well.

Now if you have a foreclosure or bankruptcy or something else really bad on your credit report, that would be a red flag for any lender. 

If you had to use an alternative income documentation loan, or another type of non-QM loan that allows some other qualification such as shorter time from foreclosure or bankruptcy, then having a DTI over 43% or over 45% can affect interest rate.