Living the San Francisco Dream


“Child Support as Cash”

Joe Petrowski, Right Trac Financial Group in Manchester, CT gives buyers some sage advice in the following post. If you receive income of any sort, be sure it goes into your bank account, is accounted for on your income tax return as appropriate. Not doing so could cost you your dream home.

“Child Support as Cash”


I was doing a preapproval this morning for a client that was referred by her brother. I was most of the way through the process when she mentioned that her ex-husband pays her child support in cash and has been doing it that way for the last couple of years.


I asked if she deposits the money into her checking account each month, of course she said no. She wasn’t very happy with me, when I told her we couldn’t use the income, because it is paid in cash and can’t be documented. Unfortunately, without this income she will not qualify for the mortgage she was looking to get preapproved for.


All of us in the mortgage business cringe when someone says they receive income of any kind in cash. If the income is needed to qualify, that will be a problem.

 verifiable income


All lenders want to be able to trace the money to an account. In this case if the cash funds were deposited into a checking account on a consistent basis, we could have a shot, but if not, it just can’t be used. 


image courtesy of stuart miles/

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294


Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®


CA DRE#10215160; 650-465-4547

Peninsula Living Business Page



Comment balloon 4 commentsLottie Kendall • November 26 2013 09:25AM


Lottie,  We cannot have it both ways.  If we receive it as income we need to prove it as income.  Great re-blog. 

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 6 years ago

Agreed, Kathleen. I sent Joe's post on to others - important message needs to get out.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 6 years ago

Thank you for the re-blog Lottie. These situations are so frustrating, especially when we know the clients income is sufficient, but a mortgage won't happen until the income is reported correctly.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 6 years ago

Lottie   Thanks for re-blogging Joe's.  My internet has been down all day and just now reading.  Thanks and enjoy your day.

Posted by John G. Johnston, An Exclusive Buyer's Agent ~ Westcliffe, CO (John G. Johnston & Associates, LLC) over 6 years ago