2007-10-03 09:33:02 · 14 answers · asked by gemma b 1 in Business & Finance ➔ Renting & Real Estate
see a lawyer
2007-10-03 09:35:32 · answer #1 · answered by Anonymous · 1⤊ 2⤋
It is an urban myth that a property can be blacklisted. It all goes on the individual and their credit history. For example there could be two people living in the same property such as you and your partner - one may have bad credit but that will not affect the other. All that happens when you miss a credit card payment or loan payment is that the lender sends a report to a credit reference agency who marks your own individual record.
So forget the 'address is blacklisted' idea, it is an outdated and false myth.
You can get a copy of your credit file from Experian or Equifax, it only costs a couple of quid - and this is the only thing lenders will look at with regard to your credit.
2007-10-04 04:24:24 · answer #2 · answered by derbyandrew 4 · 0⤊ 0⤋
If you bought the house and was obtained mortgage financing (from a legit lender) for the purchase, then the "blacklisting" has been broken. Credit companies are not allowed to "blacklist" or "red-line" areas anymore. The focus is on the person's credit history
If you have been denied credit, request an explanation. If the creditor claims its because of the address, that's illegal and in violation of Fair Credit statutes.
Now, if you've bought an overvalued property, or a property with serious structural issues, that's a whole different story.
2007-10-03 16:53:16 · answer #3 · answered by therainbowseeker 4 · 0⤊ 2⤋
Get a credit report from credit reference agencies such as Experian (www.experian.com) and you will be able to add a note telling people that you are the new owner and no previous debts now affect the property.
Financial institutions go through the credit reference agencies checking your name, address, etc so will see you note when and if you try to raise further finance.
2007-10-07 05:53:38 · answer #4 · answered by orange07974 2 · 0⤊ 0⤋
I've been in the business since the 70's and I got to admit I never heard of a property being on a blacklist especially with the federal laws having to do with steering.
If you mean it has some kind of health hazard then you'll need to contact that agency.
2007-10-03 17:19:03 · answer #5 · answered by newmexicorealestateforms 6 · 1⤊ 3⤋
Sorry, screwed up on the ratings..
Anyway, depends on who blacklisted it. Stores/businesses? Then take a copy of your paperwork showing you bought it and when and explain to each of them that you are new owners so "please do not hold past residents of this address against you".
2007-10-03 16:51:03 · answer #6 · answered by wmorgel 3 · 0⤊ 2⤋
First of all, I'd go to the clergyman who exorcised the entity the first time and try to discover how it came to repossess the abode. Then I would go to someone more competent in exorcism (the Catholic Church according to Hollywood is excellent) to perform the ceremony again to permanently drive the entity from the dwelling.
Thirdly find a female midget or dwarf with a high annoying voice to pronounce the house "clean".
Hope that helps.
2007-10-03 16:39:33 · answer #7 · answered by Anonymous · 1⤊ 4⤋
The Real Estate Agent or Bank, or Lawyer or whoever it
was that sold you the house, should take care of that
and get it in writing.
2007-10-03 17:01:47 · answer #8 · answered by Anonymous · 0⤊ 2⤋
What do you mean the address is "blacklisted?" Blacklisted from what??
2007-10-03 16:56:35 · answer #9 · answered by Bostonian In MO 7 · 1⤊ 2⤋
i thought it went by the name now not the address
2007-10-03 16:47:27 · answer #10 · answered by mark v 1 · 2⤊ 1⤋
check Martin Lewis's site - moneysavingexpert.com !
on there it gives advise on claiming back bank charges and help for home owners! hope this helps you out.
2007-10-03 16:38:26 · answer #11 · answered by ANDY M 3 · 0⤊ 2⤋