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    mmrted's Avatar
    mmrted Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 25, 2011, 09:26 AM
    Boa will denymy re fi of a rental unit
    I have put up with 4 months of BS from BOA and now they want 6K DOCUMENTED cash to bring to closing.Because my tenants [7] pay in cash or if by check it is immediately cashed and deposited. There appears to be no possible way to meet their requirements. CAN I SUE THEM IN SMALL CLAIMS COURT FOR THE TIME AND MONEY I HAVE LOST? I will go to the credit union today but am sure it will be at a higher rate. HAS ANYONE HEARD OF THIS. I live in Missouri. Ted Winkler [email protected]
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Mar 25, 2011, 09:28 AM

    What does the $6K cover, what caused this bill?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Mar 25, 2011, 10:15 AM
    Quote Originally Posted by mmrted View Post
    ... CAN I SUE THEM IN SMALL CLAIMS COURT FOR THE TIME AND MONEY I HAVE LOST? ...
    No.

    It is doubtful that they have an obligation to extend you credit. An, in any event, it is a reasonable requirement that you document your receipts in a businesslike manner.

    In the future, I suggest that you deposit all rental receipts in a business account and keep records of those moneys received. If you receive cash, write out a receipt and keep the copies in one place.

    Among other things, this is necessary for tax purposes.
    bluemonkeyfarm's Avatar
    bluemonkeyfarm Posts: 2, Reputation: 1
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    #4

    Sep 8, 2011, 06:38 PM
    Only 4 months. Try 22 month and see how pissed you will get.
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