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mortgage lenders after bankruptcy

mortgage lenders after bankruptcy - News

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 ...

Column: Mortgage after bankruptcy can happen

Is it possible to successfully obtain a mortgage after a Bankruptcy?

Many Canadians find themselves bogged down with a poor credit rating resulting from situations out of their control—illness, losing a job, or simply not understanding how to handle their credit.

Unsatisfactory financial situations can happen to good people and bankruptcy is sometimes the only option. If you have a bankruptcy it is very important to begin repairing your credit and getting back on track as soon the bankruptcy has been discharged.

Different lenders have different criteria regarding the length of time after a bankruptcy discharges as to when they will consider granting a mortgage.

Typical is two years along with proof of re-established credit. A bankruptcy will remain on your credit bureau for up to seven years.

A private or alternate lender will consider approving a client with a more recent bankruptcy provided the borrower can demonstrate they are now a good credit risk and have a decent down payment with income to support the mortgage payments.

Wells Fargo sends 38000 erroneous letters in auto flub

The mistake was first reported Sunday by the Wall Street Journal, which detailed a series of struggles in Wells Fargo's attempts to make things right with customers affected by past sales and lending misconduct.

Pulley also confirmed that Wells Fargo mistakenly sent a check to one non-customer of the bank.

Wells Fargo has struggled to move past a series of problems with its consumer banking operations that have damaged its reputation. The Federal Reserve last month imposed further penalties on the San Francisco -based bank, freezing its growth until it can prove it has improved its internal controls. The bank also agreed to replace four board members.

The bank acknowledged last year that it signed up hundreds of thousands of auto loan customers for insurance they did not need. Some of those customers had their cars repossessed because they could not afford both the auto loan and insurance payments. Wells Fargo has said it will pay a total of $80 million in remediation to the affected customers, including cash and account adjustments.

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.