Would an eviction being "paid and satisfied" as well as a great credit score increase my chances of getting approved for a home loan? Had a bad relationship which caused an eviction. But graduated from college. And got and good paying job. I want to move out but the idea of paying rent sucks...
People should stqrt being more specific about what an eviction is. Plenty of people get eviction filings without any judgment or all the money is paid away to the landlord/court in full with fees so there has never been anything credit-wise because nothing was owed past the time of the court filing. Further, some people dont have completed evictions but simply a filing with the court that was never completed. That unfortunately may still remain on your court/public records however not on credit report. Please, people start making a distinction.@@WinTheHouseYouLove
I have an eviction from 2014 that is now (this month) exactly 7yrs old. It WAS on my credit, its been off for about 6mos now… However 2 mos ago in Aug the mortgage lenders saw the eviction on My LexisNexis. Would it still be an issue NOW that it’s been officially 7yrs?
You'll want to talk to the collection agency about a "pay for deletion" plan. Usually, they don't offer them, but that will be the only way to have it removed quickly. Kyle Seagraves → winthehouseyoulove.com
It's a big complicated software with rules that always change, so it's difficult to pin down. But generally you'll need to have a good credit score and debt-to-income ratio to get an approval from the underwriting software.
If you have a eviction judgement through the court and you owe money, it's around 5 years old, but it's not on any of your credit reports, will this come up during underwriting? How would they find out? Your credit looks good otherwise.
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Would an eviction being "paid and satisfied" as well as a great credit score increase my chances of getting approved for a home loan? Had a bad relationship which caused an eviction. But graduated from college. And got and good paying job. I want to move out but the idea of paying rent sucks...
Yep! That shouldn't cause any issues for you :)
People should stqrt being more specific about what an eviction is. Plenty of people get eviction filings without any judgment or all the money is paid away to the landlord/court in full with fees so there has never been anything credit-wise because nothing was owed past the time of the court filing. Further, some people dont have completed evictions but simply a filing with the court that was never completed. That unfortunately may still remain on your court/public records however not on credit report. Please, people start making a distinction.@@WinTheHouseYouLove
I have an eviction from 2014 that is now (this month) exactly 7yrs old. It WAS on my credit, its been off for about 6mos now… However 2 mos ago in Aug the mortgage lenders saw the eviction on My LexisNexis. Would it still be an issue NOW that it’s been officially 7yrs?
Hey is the information still valid today? Either way thanks for your work and commitment in putting out real estate information.
Sure is
I have an eviction case from 2016 on my tenant screening. Will this forever remain on my public record? It was in civil judgement in court.
Usually it lasts 7 years
Win The House You Love thank you. This has been such a roadblock! Cannot wait to have this off my public record
Thanks for sharing. I didn’t even know that an eviction would be an issue
You're welcome!
I am making payments to a collection agency. After I pay off can the eviction be removed from my rental history?
You'll want to talk to the collection agency about a "pay for deletion" plan.
Usually, they don't offer them, but that will be the only way to have it removed quickly.
Kyle Seagraves → winthehouseyoulove.com
@@WinTheHouseYouLove nope
They deleted it off my credir report but sadly its on my rental history. Thats why im looking to buy.
hi, what qualifies a person for an automated underwriting? TFS!
It's a big complicated software with rules that always change, so it's difficult to pin down. But generally you'll need to have a good credit score and debt-to-income ratio to get an approval from the underwriting software.
@@WinTheHouseYouLove ok thank u
If you have a eviction judgement through the court and you owe money, it's around 5 years old, but it's not on any of your credit reports, will this come up during underwriting? How would they find out? Your credit looks good otherwise.
Most likely won't be an issue
@@WinTheHouseYouLove Is it common practice for underwriting to pull your Lexis Nexis Report?