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Hokie90
186 Posts |
 Posted - 02/07/2008 : 2:57:43 PM
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I need help on determining child support on a mycommunity loan.
borrower has two children for whom she recieves child support for both.
however one child is over 15 therefore I can only use child support for 1 of the children. The divorce decree does not specify the amount for each but a lump sum for both. i would assume that the u/w would use half of the amount. however i have a brand new underwriter with citi and she doesnt seem to share my views.
should i start going up the chain or am i wrong on this?
mike |
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swmsn
4205 Posts |
Posted - 02/07/2008 : 7:06:07 PM
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| I would start going up the chain. I cant see why it would be different. |
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liverichly
3936 Posts |
Posted - 02/07/2008 : 7:12:45 PM
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| I'd go up the chain and at the same time contact the court to ask how much the child support would be for just the youngest child... |
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jvanpetten
2553 Posts |
Posted - 02/07/2008 : 7:33:42 PM
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| That is a no brainer, why would the underwriter question that? 1/2 is a given. And she will get the entire amount for a couple more years, so that should make the decision easier. |
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Pat
635 Posts |
Posted - 02/07/2008 : 7:35:40 PM
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| The divorce decree should address this... I'm sure it's not the first time that it's ever happened. If not, 50% would be the normal expectation. |
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