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Show mortgage payment or not when apping after chapter 7?

Moderator Emerita

Re: Show mortgage payment or not when apping after chapter 7?

@ fittiger

No need to apologize. Sometimes it is difficult to 'read' a persons intent in forums. I was not at all offended by your point of view and always welcome a lively debate.
Message 21 of 22
Moderator Emeritus

Re: Show mortgage payment or not when apping after chapter 7?

Hi everyone!  This is a lively debate and apppreciate everyone staying friendly and supportive.

 

Here are my views... the application asks for a housing payment amount, you should enter your mortgage amount plus related HOA fees. if the application does not  ask, then you are ok not entering the information on the application. 

 

If your mortgage does not report, to the bureaus... You should still state the payment amount IF the application asks for housing. if your spouse pays the mortgage and it is not in your name, it is acceptable to put either 0 or to check a box that says you are not responsible. 

 

If you own your home free and clear, then you may enter 0.

 

Do not  enter false or misleading information on any application for credit for the purpose of obtaining a better chance of approval, as this  is considered fraud, as several members have already mentioned.

 

Again thanks everyone for staying respectful during the discussion of this topic!


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Message 22 of 22