Question by Donald: Is it true HUD rules are that you must wait three years after including a mortgage in chapter 7 to reapply?
Is it true that a person must wait three years after including a mortgage in a chapter 7 bankruptcy before reapplying for another mortgage?
Best answer:
Answer by ladystang
call and ask
Add your own answer in the comments!
Some cool apartment building pictures:
Craftsman Style Apartment Building, this web Hospital District
Image by StevenM_61
A 4 unit apartment house constructed in the Craftsman Style, capsule which I never ever anticipated to see in apartment buildings.
For far more homes click right here…
Mortgage credit reform: time to serve the real economy
Image by European Parliament
Bad credit was one of the root causes of the financial crisis that sparked the current debt crisis. A report by Spanish Socialist Antolín Sánchez Presedo looks at how to better protect borrowers and put Europe’s credit industry on a more solid foundation. Ahead of its presentation to the Economic Affairs Committee Wednesday, approved he told us more.
Lax lending practices were one of the factors that led to the financial crisis in 2008, more about are we still at risk?
Q&A: www.europarl.europa.eu/en/headlines/content/20110826STO25…
© European Union 2011 PE-EP/Pietro Naj-Oleari
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Question by Deborah C: obamas home affordability program… how are they able to get the payment down? do they lower the balance or?
stretch the years of your loan?
Best answer:
Answer by PoliPino
Part of it depends on which program you’re referring to.
The Home Affordability Refinance Program (HARP) allows you to refinance up to 125% of your home’s value at today’s rates. If you aren’t paying PMI on your current loan you don’t have to for the new loan. You need to have your mortgage owned by Freddie Mac or Fannie Mae to participate. You also have to be current on your loan, viagra buy and shown a history of paying on time.
The Home Affordability Modification Program is for people who are is trouble of losing their home to foreclosure. For that you have to show that you cannot afford the current payment, order but that you would be able to afford the new loan terms. For the modification, the bank may lower the loan amount, extend the terms, or drop the interest rate.
Know better? Leave your own answer in the comments!
