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mortgage lenders after bankruptcy - News


Bankruptcy May Not Be Best Option for Unsecured Mortgage Lenders
http://www.sbwire.com/press-releases/bankruptcy-may-not-be-best-option-for-unsecured-mortgage-lenders-398837.htm
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
http://dealbook.nytimes.com/2014/01/25/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)
http://www.businessweek.com/news/2014-01-25/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
http://www.nytimes.com/2014/01/26/business/the-gadfly-of-greenwich-real-estate.html?hpw&rref=business
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.

homeloansfargo.com For more information, call or visit our experience brokers at: Flagship Financial Group 1621 South University Dr., Suite 225 ...

Michigan seniors learn they CAN lose their home on a reverse mortgage

At the risk of asking an obvious question (again), exactly what business is it of the federal government to get involved with something that it didn't have the authority to involve itself in the first place?

People think that the CRA and the resulting housing market collapse that directly resulted from it, was the federal government's first major disaster in handling things that it had no business being involved in.

It wasn't.

The federal government giving money to people who had no expectation of ever paying it back (or even giving others the green light to do the same), has been going on for longer than people realize.

People might be surprised to learn that the federal government essentially burned large piles of money back in the 1970' s via mismanagement & corruption with another housing scandal (and also involving HUD).

https://www.cbsnews.com/news/1976-mike-wallace-on-detroit-corruption/

It was also a major contributor in the large number of abandoned homes/vacant lots that you have today.

After Filing for Chapter 13 Bankruptcy, Can You Still Rent or Buy a Home?

—Even those who turn to the court system for help with handling their debts. Applying for bankruptcy will affect your credit history for years to come and can make getting approved for housing a challenge. But will Chapter 13 bankruptcy quash your chances of ever renting or owning again? Let's first get an overview of how Chapter 13 bankruptcy works.

What is Chapter 13 bankruptcy?

Chapter 13 bankruptcy—sometimes called a wage earner's plan—is typically sought by people who want to pay off their debts but can't afford to pay them all off at the same time. Instead, they turn to the courts to essentially buy time to pay off their bills over time. It's available to anyone whose unsecured debts are less than $394,725 and secured debts are less than $1,184,200. Today,  one-third of all bankruptcies  in the United States are Chapter 13.

Can I rent or buy a home while I'm in Chapter 13 bankruptcy?

Are you allowed to buy or rent a home in Chapter 13 bankruptcy? Yes. Will it be more challenging? Certainly.

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 http://www.daveramsey.com 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.