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Bankruptcy May Not Be Best Option for Unsecured Mortgage Lenders
After the real estate crisis, with the steep decline in property values and an oversupply of properties, many lenders have begun to entertain short sales — sales to which the lender consents even though its debt will not be paid in full. However, some

The Tale of the $8 Million 'Bargain' House in Greenwich
But it ended up in the hands of his neighbor, Richard A. Baker, the chief executive of the firm that owns Lord & Taylor and Saks, who snapped it up for $8 million after Mr. Fuscone had to declare bankruptcy in 2010. In the competitive insulated world

Ally CEO Sees IPO Road Show in the First Half of This Year (1)
Ally Financial Inc., the auto lender bailed out by the U.S. government, may start a road show for an initial public offering as soon as this quarter as the U.S. Treasury looks to shed its ownership, according to its chief executive officer. The

The Gadfly of Greenwich Real Estate
Mr. Fountain includes in his gallery plenty of lesser-known people pushed into bankruptcy after overreaching, borrowing millions to build 15,000-square-foot houses that no one wanted to buy. Mr. Fountain's contention that the legal and financial

Qualify for a Home Loan Even after Bankruptcy. For more information, call or visit our experience brokers at: Flagship Financial Group 1621 South University Dr., Suite 225 ...

Credit Scores Hit Record High as Recession Wounds Heal

Meanwhile, the share of consumers deemed to be riskiest, with a score below 600, hit a new low of roughly 40 million, or 20% of U.S. adults who have FICO scores, according to Fair Isaac. That is down from 20.5% in October and a peak of 25.5% in 2010.

As credit scores rise, banks and other lenders are likely to make credit more widely available to consumers, and at cheaper cost.

"The domino effect for lenders would be more consumers they can market to [and] more consumers who may be credit-eligible who weren't in last year's models," said Nidhi Verma, senior director of research and consulting at credit-reporting firm TransUnion.

In the wake of the downturn, financing didn't disappear completely for consumers with bankruptcies or foreclosures on their credit reports. But it became harder for them to get, as many lenders were lending only to consumers with pristine credit histories.

With many lenders, that risk aversion extended to credit cards and auto loans. As a result, some consumers with black marks on their reports turned to cash for most expenses and held back on big-ticket purchases.

Queens Bankruptcy Attorney Bruce Feinstein, Esq. Speaks About Life and Loans After Bankruptcy

Bruce Feinstein, Esq., a New York bankruptcy attorney, explains best practices for getting a loan after bankruptcy.

Queens, NY (PRWEB) May 19, 2017

For many New Yorkers, filing for bankruptcy is a serious, emotional process. People and businesses that file for bankruptcy do so to take back control of their finances and get on the path to financial wellbeing. But sometimes the road after a bankruptcy can seem like a daunting one. Bruce Feinstein, Esq., a bankruptcy attorney in Queens, New York, has spent years working with clients on their plans to rebuild after bankruptcy . He recently spoke about the challenges and helpful plans one can take to get a loan after bankruptcy.

After a bankruptcy is discharged, an individual needs to take time to build his or her credit score. Rushing into getting a loan soon after bankruptcy can result in unfavorable loan terms, higher interest rates, or limited options, which can then draw people toward predatory online lenders, as explained in a previous April 30, 2017 PRWeb article by Mr. Feinstein. A Chapter 13 bankruptcy is typically removed from a person's credit report after seven years, and a Chapter 7 bankruptcy will be scrubbed after 10 years. But there are steps to take towards better credit and better loan options in the meantime.

Finding a mortgage lender after bankruptcy?

Hi Everyone, my husband and I went through a ch 7 bankruptcy that has been discharged for a year now. We'd like to buy a home in the next 6-9 months and I am currently trying to educate myself on how to do it.

Go to and on the right hand side is a link for ChurchHill Mortgage company. They have lenders that have home loans that are really even based on your credit score.