You will be required to write a letter of explanation explaining the extenuating circumstances, provide documentation of the event(s) such as hospital bills, layoff notice, severance agreement, etc.

On top of that, his company had major layoffs and he just received a letter of termination just when things couldn't go any worse.

Hi Everyone:I've recently gotten back to real estate wholesaling/investing after a long lay off.

If you keep your job where you let others do work for you and once you buy the property you lay off and let the general contractor do the rest.  

The property tax is high and thanks to robin hood system much of the tax base is sent to poorer areas.

The local market has tanked 10-12% last few months and there is no layoff in these high income neighborhoods.

Lay-offs are up. 

This action spared the company of a huge layoff expense they would have otherwise had to pay if they had waited a day to do the layoffs.The company was one of the semiconductor firms in Silicon Valley that lived from hand to mouth because it's a tough business to be in.

If you leave your job voluntarily or through a layoff or the 401(k) plan ends, your 401(k) loan will become due sooner.

I’ve done all my stock investing pretty much myself w E*TRADE, Fidelity and now recently Robin Hood.