http://www.trulia.com/voices/Home_Buying/URGENT_If_someone_with_bad_credit_finds_a_prope-144457If the one with the bad credit has the money for a down payment, could they, # 1: use it as a way of acquiring more money for the loan, without a co-signer? #2: if the potential buyer has someone that could cover the down payment, any future payments (if the buyer defaults at any time), have/obtain the loan in just the potential buyer's name? And not with the co-signer's name on any of the the paperwork? Example: An ex-wife wants to get her first home, no recent good credit, but at one time was with a great score, have her ex-husband (who has been married a long time) co-sign "without" his wife's knowledge? Are there any types of loans out there, that keeps certain signings confidential? As the potential co-signer has no intentions of taking or claiming the home as his or or as a couple at any time in the future. "Hiding" these types of arrangements, does and can this be discovered in the event of their divorce? If caught, what could the ramifications be? signed, SOen-ushttp://www.trulia.com/voices/profile/Other-Pittsburgh_PA-810379/http://www.trulia.com/voices/profile/Other-Pittsburgh_PA-810379/Just so I'm clear, are you asking the community to assist you in loan fraud?Sun, 12 Jul 2009 13:29:17 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Lancaster_PA-235323/http://www.trulia.com/voices/profile/Real_Estate_Pro-Lancaster_PA-235323/If you look really good in an orange jump suit, go for it! By the way, if you find a lender and a Realtor that will help you with this be sure they are fitted out for the jump suit too. You can all have your own little club in the big house. The saddest thing about this is that your are seriously asking this question.Sat, 11 Jul 2009 05:38:45 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Shippensburg_PA-142784/http://www.trulia.com/voices/profile/Real_Estate_Pro-Shippensburg_PA-142784/SOS. Why do you think we have backed up court systems?--people don't agree on things and hire 2 (or more)attorneys to argue it out for them. YOu certainly need an attorney to answer, or at leaset give insight into the possib;e answers, of those questions. May i ask you another question? Why does this person(s) not begin, TODAY!, to rebuild good credit. Then they will have long term good news for themselves. Today, this month, is not the ONLY good time there will be to buy a property. (I know, doesn't sound like a salesman does it?:)) My advice: Stay in your current housing situation if you can, (or find a samll rental that you can afford) and start by paying off your credit account with the highest rate of interest, or the smallest balance. WHen that is paid off, take that monthly payment and add it to the next credit debt, and so on. You'll be surprised where you can be in a year if you are diligent in that. THEN recheck your credit and see where you are. I DO believe that this is a great time to buy real estate, for several reasons: -interest rates have stayed at record lows, -property prices have come down dramatically over what they were 2 or 3 years ago -inventory is higher than it has been in a long time. I have been a Realtor since 1984, so I have a little track record personally with this data. :) but I have also lived long enough to know that these things go in cycles. Be patient and diligent and your time will come. Hope that helps. MimSat, 11 Jul 2009 05:04:21 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Wellington_FL-810498/http://www.trulia.com/voices/profile/Real_Estate_Pro-Wellington_FL-810498/I am not completely sure what you are asking, but one way to somewhat hide the buyers in the transaction would be to create a land trust. Then, you have the land trust purchase the property. Within the trust, the person named trustee can make transfers of the property pretty much however they'd like without further exposure to the public record. And, even though I don't have the experience with financing one of these, I don't see why any person named as a trust beneficiary could not help with the financing. You would need a lawyer for creation of the trust. chuck mineoFri, 10 Jul 2009 13:26:58 -0700http://www.trulia.com/voices/profile/Home_Buyer-New_York-810019/http://www.trulia.com/voices/profile/Home_Buyer-New_York-810019/This is a question best asked of an attorney if I ever saw one. Besides, if this ex-husband has no problem going behind his present wife's back to co-sign a mortgage note... I have a good feeling there will be more than one divorce in his lifetime.Fri, 10 Jul 2009 13:03:03 -0700