“Happened upon some CAIVRS-related conundrums? Or just got a curious mind? Either way, you’ve landed on the right page. Today, I’m going to answer four major questions about CAIVRS that I know you’ve been itching to understand. Remember, when it comes to things like, say, applying for an FHA loan or any loan primarily backed by our good old Uncle Sam, understanding something like CAIVRS becomes pivotal.

Intro to FHA CAIVRS Exceptions

Just so we’re on the same page, CAIVRS is a system our government uses to screen every hopeful borrower, including non-profit entities. If you’ve ever defaulted on a federal debt, be it a gnarly SBA loan default or a pesky overdue school loan, there’s a good chance you’ll make an appearance on CAIVRS. And trust me, you don’t want to lose out on that credit opportunity just because of a little misstep.

What Does a Claim on CAIVRS Mean?

Now, you might be wondering, what does a claim on CAIVRS mean for you? Let’s set the scene. You’ve opted for an FHA loan, and suddenly, a claim pops up within the past three years on a loan insured on your behalf by HUD. This means you’ve got a bit of a problem. Now, technically, a debt goes into “delinquent status” in CAIVRS if it remains unpaid 90 days past your payment due date – the date on the initial demand for payment, agreement or instrument.

But here’s where things get slightly trickier. Each federal agency has its own set of exceptions to CAIVRS reporting. Let’s say you decide to go for an FHA-insured mortgage. There are certain exceptions in terms of divorce, bankruptcy, or even a case where someone else came in and defaulted after you.

Am I Eligible for a CAIVRS Waiver?

But what if you’re knee-deep in federal debt and desperately seeking a CAIVRS waiver? I’ve got some news – it’s possible. If you’re looking to apply for an SBA-backed business loan, for example, you could request a CAIVRS waiver from the SBA and not HUD. Although, remember that the green light for a waiver can only come from either the head of the government agency or the chief financial officer.

My Next Steps?

And here’s some free advice – don’t take on CAIVRS reporting issues bare-knuckled and alone. Lawscape and the gurus at Lawscape make a pretty great weapon to have in your arsenal. Whether it’s CAIVRS claim reporting issues or waiver requests, Lawscape has expertise in all federal debt headaches.

Probably, the question in your mind right now is: Why would I pick these folks to help with my Treasury or SBA debt problems? Well, firstly, they’ve resolved millions of dollars worth of SBA debts through offer in compromises and negotiated repayment agreements – all that without clients declaring bankruptcy or the nightmare of home foreclosure.

Secondly, these guys have put up a righteous defense for millions of dollars in Treasury debts via various methods such as AWG Hearings, Treasury Offset Program Resolution, cross-servicing disputes, private collection agency representation, and lastly, compromise offers and negotiated repayment agreements.

Ultimately, the attorneys at Lawscape are authorized all over the nation to represent federal debtors. Anywhere before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, or the Bureau of Fiscal Service, you’re in safe, knowledgeable hands.”