Can a mortgage lender verify cancel rent checks?

Posted on Jun 25, 2023 in FHA Information

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Question by geminiseventyseven: Are lenders required to disclose Lender Paid Mortgage Insurance to borrowers?
I’ve recently tried to refinance through the HARP program and was told I could not because the company servicing the lender paid mortgage insurance on my loan does not participate in the HARP program. The issue is that I was never made aware that my loan had mortgage insurance. I’ve done research and found that The Homeowners Protection Act requires that lenders disclose LPMI. Is this the case? And, drug if so, sickness what are my options?

Best answer:

Answer by good guy
hire a RE attorney, and pay the $ 100 consultation fee, or whatever it is, the money spent could save you a bundle. Or maybe if you have a city/county assistance program, they could help. Ask around, to neighbors, your bank, etc for help. maybe call your state representative and tell them you are a voter, they may also help. good luck.

Add your own answer in the comments!

NINA
by jasonEscapist

Question by David: Could you please answer me this business law question?
Michael, cheap a citizen of Ireland, abortion and Nina, medical a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court’s decree. This is

a. a travesty of justice.

b. the act of state doctrine.

c. the doctrine of sovereign immunity.

d. the principle of comity.

Best answer:

Answer by Marvinator
D.

In law, comity specifically refers to legal reciprocity—the principle that one jurisdiction will extend certain courtesies to other nations (or other jurisdictions within the same nation), particularly by recognizing the validity and effect of their executive, legislative, and judicial acts. The term refers to the idea that courts should not act in a way that demeans the jurisdiction, laws, or judicial decisions of another jurisdiction. Part of the presumption of comity is that other jurisdictions will reciprocate the courtesy shown to them. Many statutes relating to the enforcement of foreign judgments require that the judgments of a particular jurisdiction will be recognized and enforced by a forum only to the extent that the other jurisdiction would recognize and enforce the judgments rendered by that forum.

What do you think? Answer below!

apply for fha mortgage loan
by SS&SS

Question by Lilah: Can a mortgage lender verify cancel rent checks?
I am applying for an fha loan and because my husbands credit is so low they ask for previous year cancel rent checks. When i summit this checks to them can they verify the amount of this checks with my bank? Our do they just used them for their records? Are else besides verification of funds can lenders get from my bank?

Best answer:

Answer by DeeDee
when they see the cancelled checks, visit web they will see the amount and the fact that they were cashed by the bank.

Know better? Leave your own answer in the comments!

4 Comments

  1. Its only for their records, they cannot go to your bank for information unless you authorize it…

  2. when you submit these checks they want front and backs so they can see when the bank cashed them. Now if you have just the images of these then they will also want the last 12 bank statements in full to verify when the bank took them out of your account

  3. Your cashed checks are stamped as cleared by the bank when they are paid. The lender will be able to see that as soons as you hand him the paperwork. the lander is allowed to check the current balance and any other transactions regarding your personal use of credit while you are in the process of getting a mortgage.

  4. Yes, they can.

    They will ask for the front and back copies of the checks.

    This proves who cashed the check and to what account number it was deposited.

    They can get ANYTHING from your bank that they want because you signed a borrower’s authorization form giving them that permission when you made loan application.