[CMcG]

I agree with FLU. I once worked for a company that did credit checks upfront and obviously never followed up after that because at least two employees I knew subsequently had BKs and the company never knew.

What I find fascinating is that, according to an article I read recently, more and more employers are searchimg myspace and Facebook to see if a potential employee is a whack job. There were a few interesting examples in that article about people who weren’t hired based on those searches (the person posed with a rifle and such).

[CMcG]

I agree with FLU. I once worked for a company that did credit checks upfront and obviously never followed up after that because at least two employees I knew subsequently had BKs and the company never knew.

What I find fascinating is that, according to an article I read recently, more and more employers are searchimg myspace and Facebook to see if a potential employee is a whack job. There were a few interesting examples in that article about people who weren’t hired based on those searches (the person posed with a rifle and such).

[CMcG]

I agree with FLU. I once worked for a company that did credit checks upfront and obviously never followed up after that because at least two employees I knew subsequently had BKs and the company never knew.

What I find fascinating is that, according to an article I read recently, more and more employers are searchimg myspace and Facebook to see if a potential employee is a whack job. There were a few interesting examples in that article about people who weren’t hired based on those searches (the person posed with a rifle and such).

[CMcG]

I agree with FLU. I once worked for a company that did credit checks upfront and obviously never followed up after that because at least two employees I knew subsequently had BKs and the company never knew.

What I find fascinating is that, according to an article I read recently, more and more employers are searchimg myspace and Facebook to see if a potential employee is a whack job. There were a few interesting examples in that article about people who weren’t hired based on those searches (the person posed with a rifle and such).

[CMcG]

I agree with FLU. I once worked for a company that did credit checks upfront and obviously never followed up after that because at least two employees I knew subsequently had BKs and the company never knew.

What I find fascinating is that, according to an article I read recently, more and more employers are searchimg myspace and Facebook to see if a potential employee is a whack job. There were a few interesting examples in that article about people who weren’t hired based on those searches (the person posed with a rifle and such).

[CMcG]

ucodegen —

Back in the mid-eighties, my spouse and I were both self-employed and wrote off a lot of our income. I told our CPA at tax time that we wanted to buy our first home but were afraid we wouldn’t qualify. He said, “Here’s how a lot of people do it — they have two sets of tax returns made — one for lenders and one for the IRS. I recommend it.” This shocked me. We ended up not buying till one of us got a regular W-2 job. I think this is why nowadays, as it says in a link that another poster offered earlier in the thread, lenders often require that the IRS provide the tax return, not the borrower.

Rustico–

I think you are right that the caller to Aram probably didn’t have enough in reserves. I forgot to mention in my original post that the caller said he and his wife both have excellent credit, so I am assuming FICOs of at least 700.

[CMcG]

ucodegen —

Back in the mid-eighties, my spouse and I were both self-employed and wrote off a lot of our income. I told our CPA at tax time that we wanted to buy our first home but were afraid we wouldn’t qualify. He said, “Here’s how a lot of people do it — they have two sets of tax returns made — one for lenders and one for the IRS. I recommend it.” This shocked me. We ended up not buying till one of us got a regular W-2 job. I think this is why nowadays, as it says in a link that another poster offered earlier in the thread, lenders often require that the IRS provide the tax return, not the borrower.

Rustico–

I think you are right that the caller to Aram probably didn’t have enough in reserves. I forgot to mention in my original post that the caller said he and his wife both have excellent credit, so I am assuming FICOs of at least 700.

[CMcG]

ucodegen —

Back in the mid-eighties, my spouse and I were both self-employed and wrote off a lot of our income. I told our CPA at tax time that we wanted to buy our first home but were afraid we wouldn’t qualify. He said, “Here’s how a lot of people do it — they have two sets of tax returns made — one for lenders and one for the IRS. I recommend it.” This shocked me. We ended up not buying till one of us got a regular W-2 job. I think this is why nowadays, as it says in a link that another poster offered earlier in the thread, lenders often require that the IRS provide the tax return, not the borrower.

Rustico–

I think you are right that the caller to Aram probably didn’t have enough in reserves. I forgot to mention in my original post that the caller said he and his wife both have excellent credit, so I am assuming FICOs of at least 700.

[CMcG]

ucodegen —

Back in the mid-eighties, my spouse and I were both self-employed and wrote off a lot of our income. I told our CPA at tax time that we wanted to buy our first home but were afraid we wouldn’t qualify. He said, “Here’s how a lot of people do it — they have two sets of tax returns made — one for lenders and one for the IRS. I recommend it.” This shocked me. We ended up not buying till one of us got a regular W-2 job. I think this is why nowadays, as it says in a link that another poster offered earlier in the thread, lenders often require that the IRS provide the tax return, not the borrower.

Rustico–

I think you are right that the caller to Aram probably didn’t have enough in reserves. I forgot to mention in my original post that the caller said he and his wife both have excellent credit, so I am assuming FICOs of at least 700.

[CMcG]

ucodegen —

Back in the mid-eighties, my spouse and I were both self-employed and wrote off a lot of our income. I told our CPA at tax time that we wanted to buy our first home but were afraid we wouldn’t qualify. He said, “Here’s how a lot of people do it — they have two sets of tax returns made — one for lenders and one for the IRS. I recommend it.” This shocked me. We ended up not buying till one of us got a regular W-2 job. I think this is why nowadays, as it says in a link that another poster offered earlier in the thread, lenders often require that the IRS provide the tax return, not the borrower.

Rustico–

I think you are right that the caller to Aram probably didn’t have enough in reserves. I forgot to mention in my original post that the caller said he and his wife both have excellent credit, so I am assuming FICOs of at least 700.

[CMcG]

Thanks for the link. What about the rumors that you don’t qualify if you owe more than your house is worth? I know two people in that situation. The article (or Bush) is kind of vague on the loan to value thing.

[CMcG]

Thanks for the link. What about the rumors that you don’t qualify if you owe more than your house is worth? I know two people in that situation. The article (or Bush) is kind of vague on the loan to value thing.

[CMcG]

Thanks for the link. What about the rumors that you don’t qualify if you owe more than your house is worth? I know two people in that situation. The article (or Bush) is kind of vague on the loan to value thing.

[CMcG]

Thanks for the link. What about the rumors that you don’t qualify if you owe more than your house is worth? I know two people in that situation. The article (or Bush) is kind of vague on the loan to value thing.

[CMcG]

Thanks for the link. What about the rumors that you don’t qualify if you owe more than your house is worth? I know two people in that situation. The article (or Bush) is kind of vague on the loan to value thing.

[Author]

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