Landlords: will you rent yor property to this applicant?

It's such a special case(post for my friend):

The applicant has 5 houses now with 9 loans. And 4 of them have
negative amortization. With negative equities.

The 1ts house value 920k now with 1.02million loan plus 200k 2nd mortgage.

The 2nd house value 500k with 607k loan plus another 2nd mortgage(around 200k).

Other three houses, one with no equity and other two have some equity.

She makes $6X per hour plus overtime pay(she is a nurse). Annual should be around 150k to 200k.

And she provided paystub, 80k bank statement and 300k investment account.

But she maxed out two credit cards even though the balance is around 20k.
But no lates on the credit report yet.

And she agrees to put two or more months deposit.

The reason for her renting is close to job(30 miles closer and in different cities). And she can closer to save some gas money.

It seems like that something is wrong.

What do you guys think? Any risk to rent this property to this lady?

所有跟帖： 

• So in reality, she is bankrupt without chance to recover -山高月小- ♂ (162 bytes) () 06/13/2008 postreply 13:58:11

• and my friend doesn't know whether she will dump those -CaLoanAgent- ♂ (198 bytes) () 06/13/2008 postreply 14:06:23

• how can she pay only 3k per month for 1mil loan ? -大猪头- ♂ (0 bytes) () 06/13/2008 postreply 15:30:55

• negative amortization(or option ARM) loan -CaLoanAgent- ♂ (151 bytes) () 06/13/2008 postreply 15:36:05

• wow!!! what a special case, are her houses rented? -jy101- ♂ (191 bytes) () 06/13/2008 postreply 17:21:02

• Yes, she rented out all 4 houses except the one -CALoanAgent- ♂ (74 bytes) () 06/13/2008 postreply 20:49:17

• 2 month deposit + month rent, I rent to her then -jy101- ♂ (0 bytes) () 06/13/2008 postreply 20:56:32

• 你关他有多少房子贷款，关键是他是否会付你房租 -miat42- ♂ (320 bytes) () 06/13/2008 postreply 18:09:07

• Thanks, Miat. We think too much -CALoanAgent- ♂ (82 bytes) () 06/13/2008 postreply 20:58:56

• 如果多交押金，未尝不可 -谷米- ♀ (201 bytes) () 06/13/2008 postreply 18:26:28

• 说的好。如果他预付1万美金，我利马给他钥匙。 -miat42- ♂ (0 bytes) () 06/13/2008 postreply 18:33:55

• Thanks,谷米. She is willing to -CALoanAgent- ♂ (63 bytes) () 06/13/2008 postreply 21:00:23