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Real Estate
Reply to "Hike in payments for good-credit homebuyers to subsidize high-risk mortgages"
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[quote=Anonymous][quote=Anonymous]How are people with bad credit scores buying houses? My 21 year old DD has had a 770+ credit score on her own CC since she turned 18. I don’t mean that she’s an authorized user on our card. Pays for a lot of her life expenses at this point on her own. Pretty sure she’s not in a position to buy a house anytime soon.[/quote] They may have business related bankruptcies, but otherwise have a lot of cash and assets. Happens all the time with entrepreneurs who show little income on tax forms, but have lots of assets. They often have a very tough time financing a house. [/quote]
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