Q&A
Asked by an anonymous user
Answered by Adam Witzburg, Mortgage Broker in Denver, CO
If you filed a Chapter 7 Bankruptcy, typically you will have to wait 2 years after the discharge date to be eligible for a new mortgage through FHA financing. There ar...
Q&A
Asked by an anonymous user
Answered by Carlos Contreras, ChFC® in Aventura, FL
The first thing you need to know is if Massachusetts is a jurisdiction state. If so, I would contact a certified foreclosure attorney there. In Florida, we have 12 mo...
Q&A
Asked by Tony
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Tony: First, congratulations. Second, this is a great question and one that I would also advise having your CPA (or tax preparer) and a financial adviser answer as ...
Q&A
Asked by Charles
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
You can buy 1 day after a Short sale, Foreclosure, or Bankruptcy. You would need 20% down. Rates vary based on your credit after you come out of any of these events.
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
The waiting period for Chapter 7 bankruptcy is 4 years or 2 years with "extenuating circumstances". It is helpful and commendable that they have continued paying on t...
Q&A
Asked by an anonymous user
Answered by Ted Erickson, Mortgage Broker in Novato, CA
There are subprime loans available for you but at very high rates and high fees. I would work on improving your score because you wil need to wait 4-5 years from your ...
Q&A
Asked by James madden
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
Yes, there are portfolio lenders such as our company that will lend to borrowers with 20% equity 1 day after a short sale, bankruptcy, or foreclosure
Q&A
Asked by an anonymous user
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Thanks for the post 1) contact present lender to explain your circumastance and to see if they can offer any possibly relief / modification on the mortgage terms ...
Q&A
Asked by an anonymous user
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Your best place to ask the question is either to the attorney that may have helped with your BK filing or to the lender
Q&A
Asked by Ursula
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
Hi Ursula. Pay it off. Bankruptcy is not a fun process and it sticks with you for far longer than it should take to pay off $15k. Bankruptcy affects everything from em...
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