Zillow Advice: Mortgage - Bad Credit Great Unreported Credit! http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ Zillow Advice | Zillow Real Estate skahn1, as far as your credit ... http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ skahn1, as far as your credit is concerned if you want credit for these debts try <a rel="nofollow" href="http://www.prbc.com">www.prbc.com</a>, they will show how to report these items to the bureau's. The Irs debt is a huge issue as you already know, this must be taken care of to receive a conventional or Fha loan. I believe Rachel was recommending an attorney to negotiate your taxes down to a minimum balance. I've seen that happen at least a hundred times. Get the Irs tax paid and then the sky's the limit on what you can accomplish. Mon, 15 Oct 2007 23:14:00 GMT http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ 2007-10-15T23:14:00Z Helpu2...thanks for comments. ... http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ Helpu2...thanks for comments. your last one is right on target...BULLSEYE! Thanks Mon, 15 Oct 2007 19:10:00 GMT http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ 2007-10-15T19:10:00Z What's an attorney going ... http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ What's an attorney going to do ? Argue that the balloon note that he signed is unfair ? Just curious what your train of thought is. He has over 50% equity in the property and needs financing. Mon, 15 Oct 2007 03:48:00 GMT http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ 2007-10-15T03:48:00Z get an attorney http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ get an attorney Sun, 14 Oct 2007 22:17:00 GMT http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ 2007-10-14T22:17:00Z I think there's definitely ... http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ I think there's definitely hope, but I see a couple of issues. The good news is you can show vested interest with the history of payments on the property. Credit score, income, and everything else seem to be very workable. The issues are going to be the State tax lien and IRS lien. Most <a href="http://www.zillow.com/directory/lenders/">lenders</a> will require that they be paid off before your new <a href="http://www.zillow.com/mortgage/">loan</a> closes. If you can show that they are in a current repayment program, you may be able to get around paying them off in full. The other alternative is a hard money loan. The terms won't be the best, but if you set it up correctly, it will afford you the chance to hang onto the property while you get everything in order for longer term financing. Sun, 14 Oct 2007 21:57:00 GMT http://www.zillow.com/advice-thread/Bad-Credit-Great-Unreported-Credit/9074/ 2007-10-14T21:57:00Z