How to run a background check?

[NewGuy2005 51]

There is a couple that wants to buy my Mom's house but have her finance it. Ordinarily, this would be an automatic "Hell no!" but they are offering to put $20,000 down. Is there any way to run a background or credit check without their authorization?

[warpedskydiver 0]

Start with Intellius.

If there is enough money involved you could just run a credit check.

[warpedskydiver 0]

Credit check without authorization is a crime.

This would constitute a violation of their personal information (SSN)

Verboten!

[LuckyMcSwervy 0]

Red flags already. Why can't they get conventional financing?

Always be kinder than you feel.

[skycamefalling 0]

I am sure that there are ways to do it. But if they wanted to buy the house that bad, have part of the agreement be, that you run a credit/background check on them. That would be my guess. But I am sure others on here would be able to give better advice than me.

Speedracer~I predict that Michael Jackson will rise from the dead.
And that a giant radioactive duck will emerge from the ocean and eat Baltimore.

[NewGuy2005 51]

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Red flags already. Why can't they get conventional financing?

Absolutely. I assume they have not been good about repaying prior creditors.

[NewGuy2005 51]

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I am sure that there are ways to do it. But if they wanted to buy the house that bad, have part of the agreement be, that you run a credit/background check on them. That would be my guess. But I am sure others on here would be able to give better advice than me.

You're right. I assume thier credit is not stellar, but would insist on a formal credit check to see if it's really bad.

At this point, I'm telling my Mom not to do it. It's not hard to borrow money, especially if you a 20% down payment.

[LuckyMcSwervy 0]

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Red flags already. Why can't they get conventional financing?

Absolutely. I assume they have not been good about repaying prior creditors.

Then don't let your Mom get fucked and tell them to beat it.

Is your Mom of sound mind and in control of HER finances? Is anyone her Power of Attorney? Just making sure your Mom can't make any rash decisions because she has a good heart and the people seem "nice".

Always be kinder than you feel.

[Swoopper 0]

Just say NO !! .. if you do this and they don’t pay you'll spend the $20,000 on lawyer fees trying to get them out and trying to get a judgment against them. Even if you get a judgment they can hide their assets and you'll never collect a dime from them.

[NewGuy2005 51]

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Just say NO !! .. if you do this and they don’t pay you'll spend the $20,000 on lawyer fees trying to get them out and trying to get a judgment against them. Even if you get a judgment they can hide their assets and you'll never collect a dime from them.

You're right. Actually, it will only be $14,000. $6,000 goes to the realtor.

I have come back to my senses.

[squirrel 0]

we are brokers. and, own investment properties. walk away from this one. they probably took cash out of the last property, or are doing some "dealing." when we do a deal like that, its all cash up front, in total, then the property is ours or theirs, and the deal is done, and title is clean.

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