Why did you wait so long before marketing it ? Moreover you should consider reaching out to a local real estate professional and begin a dialogue with them. You are more likely to sell quickly partnering with a real estate professional who is very familiar with value in that area.... more
Your tenant may be eligible for an FHA loan after only 12 months to 24 months has elapsed from the date of her Chapter 7 discharge, by: 1.) re-establishing good credit or choosing not to incur new credit obligations,
2.) showing that the bankruptcy was caused by extenuating circumstances beyond her control, and
3.) demonstrating a documented ability to responsibly manage her financial affairs, and
4.) documenting that her current situation indicates that the events that led to the bankruptcy are not likely to recur.
A chapter 13 does not disqualify her from an FHA loan if 1 year of the payout period has elapsed and that the payments have been made on time. In addition, the borrower must receive permission from the court to enter into the mortgage transaction.... more