Finding financing for buyers - Posted by ScottSC

Posted by Bobby on November 02, 2000 at 16:38:00:

Hi Karl,

I wouldn’t want to make a change in a person’s credit without their permission, if it takes 6 months it hard to find a buyer 6 months pryor to selling a house. as I may not even own the house yet 6 months ahead of time.

It appears this topic has merrit on this forum. IF anyone has input on this subject please add your opinions.

Imagne if we could qualify our buyers, how much more easier it would be investing and helping someone besides.


Finding financing for buyers - Posted by ScottSC

Posted by ScottSC on November 01, 2000 at 19:15:56:

What is the source for clearing up credit for buyers with problems? Are there companies that work better with these buyers and what are their names?


Re: Finding financing for buyers - Posted by Robert (Houston,TX)

Posted by Robert (Houston,TX) on November 02, 2000 at 14:53:42:

Our system uses a proprietary computer search program to identify and dispute all negative credit report entries.

We communicate on your behalf with all 3 credit reporting agencies requesting these negative entries be deleted or modified according to Fair Credit Reporting Act.

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We furnish all clients with a 4 volume college course covering credit repair, budgeting, getting out of debt, improving your productivity and income, stress and money, preparing for retirement and being a responsible capitalist and teaching your children about money.

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Re: Finding financing for buyers - Posted by Karl (OH)

Posted by Karl (OH) on November 02, 2000 at 11:31:43:


What strategy are you thinking about using? A premise of our business is that the majority of potential buyers for our used mobile homes can’t qualify for bank financing. That’s why we finance the deals. But I met someone at the Atlanta workshop who sells mobile homes on a note to buyers with bad credit, then cleans up their credit report so their buyers can refinance with a lender and they can cash out. I also heard in the elevator about someone else who does the same thing with houses. (The elevators, the bar, and the bathrooms become classrooms at these workshops.) I believe these investors are doing the credit clean up themselves, versus paying someone. A neat idea, “creating” a qualified buyer.

Could someone share some more info on how to do this?

Karl Kleiner

Re: Finding financing for buyers - Posted by Bobby

Posted by Bobby on November 02, 2000 at 12:22:36:

Hi Karl,

Yes, I would like to know how to clean up my buyer’s credit too…sounds like a good topic on this form for all of us to learn…qualifying our buyers…would make it easier on us with lenders…both on Mobile Homes and Houses.

Do we need permssion from seller to clean up his or her credit, someone please explain how it works.



Hmmmmm… - Posted by Karl (OH)

Posted by Karl (OH) on November 02, 2000 at 15:39:03:


I know that you need written permission to pull someone?s credit report. But I couldn’t even guess at whether or not its okay to make changes to a person?s credit history without asking them first. We might have to ask a lawyer. I understand that the process takes at least several months. So ideally, you would want to start cleaning up a person?s credit five or six months before that person first makes contact with you.

Karl Kleiner