Settlement checks from CA

[NeverQuietHere]

So we have gotten a few settlement checks from CA and will be getting a few more and possibly a PI check for an auto accident.

 

Is this going to be a problem if we get this within a few months of getting a house? I'm wondering as far as bank statements go and stuff.

 

Do I need to make copies of these checks so that way the mortgage person will have these?

[CaliforniaMortgageGuy]

Yes, make copies of these checks and make sure you paper trail the deposits. If you need any help/advise, send me an email

 

 

 

email deleted by admin

[vintagespeed]

it is my understanding that you will need to show proof of any deposits other than payroll into your account, past 60days. so yes.

 

i'm waiting on one too.

[jop3]

Since you are thinking ahead, I'd make copies just to be safe. Once they sit in your account more than 60 days, they won't ask, but you never know, so it doesn't hurt to be prepared.

[NeverQuietHere]

Thanks for the replies!!! I want to be prepared! We are still a bit off, hoping after Thanksgiving to be able to have raised our scores high enough. Getting a lot of deletions done, etc.

[vintagespeed]

it's also recommended to not have any pending disputes when applying.