Bk

[Sbrooks1]

Really! What about on the mortgage application ? You have great cards by the way!!😎😎

[onstar]

The exact wording on the uniform residential loan application form (1003 URLA) is:

Have you been declared bankrupt within the past 7 years? YES___ NO___

Pretty much everyone uses the URLA or a derivation of it.

Fannie, Freddie, FHA, VA, USDA only require the above information.

If you're getting a lender's portfolio loan, then they may have an addendum to the URLA, but even then, I highly doubt the questions will differ from the above.

[Sbrooks1]

So if I was discharged in 2007 I can answer NO! Thanks !

[echoecho]

Sbrooks I think your ok. Just an FYI. Reading my refi app on paragraph 8 the 7 year question is there for BK and foreclosure. It also ask if you have outstanding judgement against you on 8a. 8d are you a party to a lawsuit. 8e have you been directly or indirectly obligated to BK or FC without any dates. Not sure if the 7 yr sol prevents you in answering the question since it's a yes or no question. Thought you might want to know.

Like everybody said you did your time.

[StartingOver10]

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@onstar wrote:

The exact wording on the uniform residential loan application form (1003 URLA) is:

Have you been declared bankrupt within the past 7 years? YES___ NO___

Pretty much everyone uses the URLA or a derivation of it.

Fannie, Freddie, FHA, VA, USDA only require the above information.

If you're getting a lender's portfolio loan, then they may have an addendum to the URLA, but even then, I highly doubt the questions will differ from the above.

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^^^Exactly.

Google the 1003 form to see for yourself

[Sylvrbak]

I thought after 10 years it falls off of the report? How can they still see it?

As for my own app, I think it asked had I filed within a given period; I think like seven years, so I said no. No one said anything about it they simply package the file and sent it to processing.