Every lender has slightly different requirements, but here are some of the common criteria we look for:Property Ownership / Purchase Agreement – You’ll need to show either a purchase contract or proof of current ownership if it’s a refinance.Exit Strategy – Whether it’s a flip, refinance into long-term financing, or a sale, the lender wants to understand how the loan will be paid off.Credit Profile – While perfect credit isn’t required, most lenders will still check for recent bankruptcies, foreclosures, or major delinquencies.Down Payment / Skin in the Game – Typically expect 20% down on a purchase. 

Seattle, awash with sec 8 vouchers, moves in their previously homeless, substance abusers, and declare success.

Just went through a bankruptcy which means they couldn’t pay creditors which means bad business advice!

They are still attempting Ch 11 bankruptcy, forming a BOD, maybe hiring a new CEO.

@Jorge Caceres sometimes this is learned at the closing table but not declared in advance 

What happens if they claim bankruptcy to avoid paying you? 

A bankruptcy letter would suffice.Thank you for your answer, Basit. 

That is not the type of arrangement you want for your water bill.CCC acts like a private version of a Chapter 13 bankruptcy, but without any of the consumer protections.

Well, I do declare!

Former landlords should be contacted, income and employment verified, credit reports run, application details checked, personal references reached out to, and public records (like bankruptcy or eviction) searched.