Leo Albanes will team with CelebrityPress, a leading book publishing company, and several leading experts from around the world to release the book, “Cracking the Real Estate Code” Punta Gorda,
Here is a little additional information on how lenders view bankruptcies.
Generally, after bankruptcy you are eligible to take out a mortgage after 2 years with FHA and after 4 years with Fannie Mae, Freddie Mac .
With re-established credit, applicants who are still paying on a Chapter 13 bankruptcy filing are eligible after one year and those who filed Chapter 7 are eligible after two years.
Applicants who have gone through foreclosure are ineligible for FHA until 3 years have passed since the foreclosure date and 5 years for Fannie Mae, Freddie Mac.
You must have reestablished good credit. Any civil judgments must be paid off. Any delinquency on federal debts such as taxes and student loans will disqualify you. Additionally a bankruptcy will say on your your credit for 10 years.... more
According to MSNBC’s latest article, mortgage have rates dropped again. Yay! More positive news for the Real Estate Market. It’s been slow going, but it looks like we are finally on the upswing again.
It depends on the age and condition of the home in question.
Obtain the specs and location of what you would like to purchase and contact your bank or a local lending institution.
Good Luck!!... more