But it was in the bankruptcy !!!!!!!!!!!!!!!!

But it was in the bankruptcy!!!!!!!!!!!! If I have heard this one time....I have heard it one thousand times. First of all lets discuss bankruptcy for a few moments. I had the pleasure of working in the bankruptcy court while training (my younger years) with a local attorney and studied the bankruptcy laws in law school although they have changed greatly since then. We all assume that an attorney does a good job developing and implementing a bankruptcy case..WRONG... not all do a good job at all. A good BK attorney will actually pull your credit to see what is on all three credit reporting repositories. This is the only way to include all the late debts to straighten things out for the future. A recent development in our real estate office was that a customer had a foreclosure on their report and it was in the BK. The problem was compounded by the fact that they foreclosed account was with one company and this company had sold it during the Bk proceedings to another creditor who thought the still owed it some two years later and was still reporting this debt as late with a staggering balance. Another problem was that the second mortgage was with another lender who was bought out by a lender who was not on the BK papers as a creditor. This has caused major problems as the customer (we can not and the LO can not) has to call these people that they owed and did not pay and ask for letters and other supporting documentation to prove that the debts are one and the same (even though they have different account numbers) and that they were discharged in the BK. You can imagine how happy and how helpful these creditors and subsequent servicers have been to my customers! The point of all of this is when you write a purchase offer and you know (it doesn't hurt to ask) a customer has had a BK, it would be wise to leave a little extra room for closing and try to talk to their present mortgage lender to stay on top of all of the limitless awful possibilities that can erupt from this type situation. Just be kind and considerate but plan for a problem...just in case. You can offer to copy, scan, and fax all BK papers and other documentation to their mortgage lender...it is helpful and can ease the transaction should a piece of much needed paper get misplaced during the transaction. I have seldom seen a customer get every paper the lender needs to the lender at one setting without leaving out something. You will have it all handy ...when its needed without trying to round the customer up at the spur of the moment.