Compare Mortgage Quotes

Guest

I have a Loan question. I have a client that receives a worker compensation settlement for her husband every month. When he received the settlement many years ago he was undocumented. He is now legal but they still receive a settlement amount every month into a bank account that lists his wife and the former alias name. We need to tie the money to her husband in order to get them qualified for a loan. When he did all his paperwork to become legal the name he receives the money under was listed as a past alias. Has anyone ever had to deal with this type of situation? We are located in California. Thank you

chrisgummerson · Posted: Thu May 26, 2011 10:41 am Post subject:

As long as you can paper trail who the names are and who the name are on the assets, then you should be ok. All the pieces should fit together for a UW to sign off.

gmakerley · Posted: Thu May 26, 2011 12:48 pm Post subject:

Makes sense, Chris - documenting everything with whatever paperwork remains from the past along with the new ought to be persuasive for a lender.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

Loans

Bookmark this page

Helpful References

Calculators

Financial Tools

Our Community

Community Rewards

Followers (252)

455 People like Mortgage

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1