We will help you comply by assembling pertinent information for each lease purchase tenant. With this investment you will receive:
1- Verification of Income
2- Credit Analysis
3- Debt-to-Income evaluation
4- Background Check
5- Megan’s Law Check/National Sex Offender Search
Verification of Income - We will contact your buyer and obtain a copy of their paystubs, W-2’s and/or income ta
x return. A validated “true and correct” copy will be provided with your completed package. Credit Analysis - A credit specialist will examine the buyer’s credit report. Suggestions will be made to assist in improving the client's credit profile. Debt-to-Income Evaluation - After receiving the buyers verification of income and credit report, we will provide a debt-to-income evaluation by using our DTI software which includes underwriting guidelines to today’s popular loans. A printout will be added to your package. We suggest you have this signed by the tenant/buyer with any other seller financing contract. Background Check - The background check you will receive, if available, provides additional personal information about the buyer, any criminal records or possible matches to the buyer, possible relatives of the buyer, possible associates and professional contact information. It will also contain information on any Bankruptcies, judgments, and liens in the buyer’s name. Megan’s Law Check/National Sex Offender Search- All results received even if the search results are zero will be in your Dodd-Frank package.
