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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Interesting post, Lauren!

BTW, your comments are disabled on your post - it's a great post to generate interesting conversation.

May 18, 2018 07:40 AM
Rainmaker
2,855,323
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

I was aware of it but that was it.

May 18, 2018 07:20 AM
Rainmaker
2,600,106
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Have to study the issue to offer an opinion.

May 18, 2018 06:32 AM
Rainer
180,119
Caroline Gerardo
Eagle Home Mortgage, LENNAR HOMES Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady

They will show up later in the process. This may cause some persons to release contingency when they lied and hid under a blanket. No subprime people aren't getting away with not paying child support, judgments or tax liens 

May 18, 2018 11:58 AM
Ambassador
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

I'm afraid I don't know enough to form an opinion. I hope it will be good news.

May 18, 2018 06:57 AM
Rainmaker
1,700,822
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not on top of this yet 

May 18, 2018 06:54 AM
Rainmaker
2,423,229
Richard Weeks
Dallas, TX
REALTOR®, Broker

I wish we knew.

May 18, 2018 06:38 AM
Rainmaker
2,574,016
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have no opinion on this.  

May 18, 2018 08:47 AM
Rainmaker
782,847
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

If you don't learn from your mistakes, you're doomed to repeat them.

May 18, 2018 08:37 AM
Rainmaker
2,346,851
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't know enough about this to opine. And I suspect it will still have to be analysed person by person.

May 18, 2018 08:01 AM
Rainmaker
4,552,751
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

I am not familiar with this.

May 18, 2018 07:56 AM
Rainmaker
839,438
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I believe lenders are relaxing requirents for mortgage.   One of the banks next door never require full loan docs. Yet, they have the lowest default in mortgages in the entire CA. The solution is their customers are of higher quality. 

May 18, 2018 07:50 AM
Rainmaker
3,681,828
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Lauren,

People do what they do.  

May 18, 2018 07:07 AM
Rainmaker
1,055,890
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Haven't heard much about it.  Will be interesting to see for sure.

May 20, 2018 09:18 AM
Rainer
80,111
Anthony Kirlew
Fiscally Sound - Gilbert, AZ
Helping You Make Fiscally Sound Choices

I had not heard of this, but keep in mind, removing it from the credit report does not remove the debt obligation. I am sure that mortgages will still not be approved with public records of debts unless the borrower can confirm that it was paid. The lender HAS to do this due dilligence (checking for public records such as liens) to protect their interest in the home which could end up taking a lower lien position to a tax lien.

May 20, 2018 08:11 AM
Rainer
34,553
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

We'll see.

May 19, 2018 11:56 PM
Rainmaker
480,826
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

It's an interesting experiment. I think it's likely to increase defaults.

May 19, 2018 03:08 PM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Michael Jacobs nailed this one!

May 19, 2018 06:06 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know.

May 19, 2018 05:25 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hopefully, this should help Lauren Massie, CPA

May 18, 2018 10:29 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some folks have faith in credit ratings as a sign of character, I am not one of them.

May 18, 2018 06:49 PM
Rainmaker
3,549,307
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sounds like a bad idea to me...just gives many marginal people to default again

May 18, 2018 06:43 PM
Ambassador
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    Better odds of getting pre-approval for a loan.  But Underwriters will probably find them during loan processing, and factor them in to whether or not a loan is originated.

May 18, 2018 03:37 PM
Rainmaker
1,361,649
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

I think that it is supposed to help but I have not seen/heard anyone getting help. Makes me think it's a bunch of garbage. Stiff people that really don't need a credit ding for stupid stuff like hospital bills.

SHOULD NOT use a link to your post. Trying to get more readership but this is not the way. Bad ettiquette. If I'm the only one telling you so be it!

 

May 18, 2018 02:46 PM
Rainmaker
4,213,792
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

I really haven't hear too much about this....

May 18, 2018 10:25 AM
Rainer
66,705
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

I guess I'm not alone... I'm not up on this yet... hope we will get some good feedback... time for some Google time...

May 18, 2018 09:47 AM