Unfortunately, there may not be much you can do. The April 2015 date you are seeing may be the last time the account was reported to the credit bureaus and not the date of the last activity. Although your credit score may be fine, the lender is going to want any unpaid collection accounts paid. If you pay the account, the clock will restart and will remain on your credit report for 7 years from the date of last activity. Is the amount owed on the repossession relatively small? If you are currently not working with another agent, there is another option I would like to discuss with you. Give me a call at your convenience.
Christopher S. Fritts, GRI, CBR, REI, PME, RECS
Siebert Realty, Inc.
So sorry, more and more often scammers are finding vacant homes for sale on the web and using craigslist to rent them, This is devastating for both the home-owners and the unsuspecting renters. When you come across this report it to the police, find the source (likely craigslist) and inform the moderators of the scam.......and if possible either yourself or your agent should be making frequent checks to the property being used in the scam. Once someone moves in (with or without your permission) it can become difficult and at times very costly to get them out.... more
You settle up your back tax bill and move forward. It's highly unlikely you'd actually get a loan from the VA once they start the underwriting process as this debt will be uncovered and I'm almost 100% positive that you'll be required to settle it before the would approve your loan application.... more
I apologize to hear about the difficulty you are having. By FHA's rules, you are eligible for maximum financing if your credit score is above a 580. However, investor guidelines generally dictate a score of at least 640.
An issue that many people run into is the score may meet the minimum criteria, but in examining why the score is lower may create problems. Collections, judgements, etc. all factor into the score, but will cause concerns with underwriters.
I would be more than happy to speak with you to get more information and see if there is some resolution. The important thing would be continue to make the payments. A late mortgage payment appearing on your credit report will disqualify you for 6 months to a year from taking any action.
Loan Officer â€“ NMLS # 883774
300 32nd Street, Suite 200 . Virginia Beach, VA 23451... more
Many times, some of the listings may take as long as 24 hours of more to update. Please also keep in mind that properties that are listed on Trulia may also already be under contract or pending. Unfortunately as of this time, they do not have a seperate heading for properties such as that.... more
How long has it been on the market? Do you have it for sale by owner or with an agent? and also, what is it listed at? The market is slow, listing it with a agent (if it isn't already) would be a smart thing today. Getting it in the MLS will help alot. When do you need to sell by? I would love to help if I can, just e-mail or give me a call and we can see what we can do!... more
Taxpayers buying a home in the near future who have already filed their 2008 tax return can consider filing an amended tax return. The amended tax return will allow them to claim the homebuyer credit on the 2008 return without waiting until next year to claim it on the 2009 return
Enjoy the money.... more
Hi! Great answer. Have you seen the website that I recently launched? I would love to have you join and establish your profile, add your listings, and generate some leads! Nice meeting you Angie. I hope to see you around.... more