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23 July 2019 | 36 replies
Additionally, in an action filed during or within 9 months after a servicemember’s military service, a court may, after a hearing on its own, or shall, upon application by a servicemember, stay a proceeding to enforce an obligation as described above or adjust the debt, when the member’s ability to comply with the obligation is materially affected by reason of the member’s military service.A landlord may not evict a servicemember or his or her dependents from certain residences occupied primarily as a residence during a period of military service except by court order.The fact that a servicemember applies for, or receives a stay, postponement, or suspension of his or her obligations or liabilities pursuant to the SCRA may not in itself provide the basis for the following:A determination by a lender or other person that the servicemember is unable to pay the obligation or liability in accordance with its terms; A creditor’s denial or revocation of credit, change in terms of an existing credit arrangement, or refusal to grant credit to the servicemember in substantially the amount or on substantially the terms requested; An adverse report relating to the creditworthiness of the servicemember by or to a consumer reporting agency; A refusal by an insurer to insure the servicemember; An annotation in a servicemember’s record by a creditor or a person engaged in the practice of assembling or evaluating consumer credit information identifying the servicemember as a member of the National Guard or a reserve component; or a change in the terms offered or conditions required for the issuance of insurance.Whenever a court grants a stay, postponement, or suspension to a servicemember on an obligation, it may similarly grant a person primarily or secondarily liable such a stay, postponement, or suspension.ConclusionThose engaged in purchase money lending as chattel for manufactured homes, and those engaged in lease with option to purchase are equally bound to comply with these regulations, but not in the same format required for government backed mortgages.All purchase money agreements should contain, or by separate notice of equal importance at the time of closing for which the borrower(s) affirm in writing receipt of a copy of, their rights under SCRA in a format acceptable to the CFPB and other regulators.
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1 April 2016 | 8 replies
If you are going to be an active investor and are credit worthy, you could get in to a big deal or bundle several SFH deals.
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29 January 2019 | 11 replies
Originally posted by @Jeff Gates:Credit karma has FAKO scores, the number is 80 points higher than a real FICO, Fortunately, neither FAKO nor FICO scores accurately capture creditworthiness in many cases so this is a non-issue.
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18 May 2016 | 11 replies
@Scott Scharl loans for building infrastructure are very very difficult to get expect for the most experienced and credit worthy borrowers.. in almost all instances
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5 October 2019 | 9 replies
Make sure they are creditworthy.
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28 October 2019 | 7 replies
When you are getting a traditional loan credit is a huge factor in your financial credit-worthiness.
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3 October 2019 | 15 replies
Have to talked with a lender about your credit worthiness?
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4 October 2019 | 1 reply
@Kevin Polite It's great because its forcing hard money/commercial lender's rates to basically go through a "race to the bottom" to serve experienced, credit-worthy investors.
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13 October 2019 | 136 replies
Identifying and investing in medical office building real estate unifies my expertise, mission to help patients, and contributes to a passive income stream based on high quality properties with long leases and creditworthy tenants.
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17 October 2019 | 9 replies
How credit worthy is the tenant?