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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.

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He never missed a payment, but the bank still foreclosed on his home anyway

Michaud believes mortgage servicers have a greater incentive to foreclose on homeowners and sell the properties at sheriff’s sales than to fix disputes or modify loans.

“Think of it like a toilet swirling,” he said. “Once you're in that vortex, it's almost impossible to get out of it, and that's their goal, to push you into that vortex. And that's why I think that the whole business model is fraudulent, because that's their goal.”

He never missed a payment; Chase sent his checks back

Chase and the Mortgage Bankers Association, which represents the largest mortgage servicers, say banks are not angling to take people’s homes at the first sign of trouble. They said new regulations put in place after the mortgage crisis of 2008 have assured that homeowners get every opportunity to modify the terms of their loan, settle defaults and avoid foreclosure.

But Green said that’s not how Chase treated him. Court records show he never missed a mortgage payment until Chase started sending his checks – more than $1,000 every month -- back to him. The bank considered those partial payments because it said his insurance and tax escrow fees had increased.

Key New Developments in Real Estate Finance

The following is a summary of the most important new developments in U.S. real estate finance, during the period from April-October of 2018.  These developments are described in more detail in the 43rd update to Boyd, Real Estate Financing (Law Journal Press 2018). [1]

Easing of Federal Regulatory Restrictions on Commercial Real Estate Finance

A federal regulatory penalty applies to commercial loans that primarily finance or refinance the acquisition, development, or construction of real property (for the purpose of converting such property into income-producing property), and that are dependent on future income or sales proceeds from, or refinancing of, such property, for the repayment of such loans (“HVCRE ADC loans”).  Regulated lenders must generally hold 50% more capital for such HVCRE ADC loans than for regular commercial real estate loans.[2]  However, pursuant to the Economic Growth, Regulatory Relief, and Consumer Protection Act (“EGRRCPA”), HVCRE ADC loans do not include (A) an acquisition mortgage loan, or refinancing, of existing income-producing real property, if the cash flow from the property is sufficient to support the debt service and expenses of the property, (B) a mortgage loan for improvements  to existing income-producing improved real property, if the cash flow is sufficient to support the debt service and expenses of the property; or (C) commercial real property projects in which (i) the loan-to-value ratio is less than or equal to the applicable maximum supervisory loan-to-value ratio; (ii) the borrower has contributed capital of at least 15% of the property's appraised, "as completed" value to the project in the form of (I) cash; (II) unencumbered readily marketable assets; (III) paid development expenses out-of-pocket; or (IV) contributed real property or improvements; and (iii) the borrower contributes the minimum amount of capital described under clause (ii) before the lender advances the loan, and such minimum amount of capital contributed by the borrower is contractually required to remain in the project until the loan has been reclassified by the lender as a non-HVCRE ADC loan.  In addition, a loan is no longer deemed to be a HVCRE ADC loan upon: (1) the substantial completion of the development or construction of the real property being financed by the loan; and (2) cash flow from the property being sufficient to support the debt service and expenses of the property.  Further, the following are not deemed to be HVCRE ADC loans: (1) any loan made prior to January 1, 2015, or 2) any loan for the acquisition, development, or construction of properties that are (i) 1-4 family residential properties; (ii) real property that would qualify as an investment in community development; or (iii) agricultural land. [3]  

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.