If you feel the amount paid will impact your score, then yes, wait.
Give it 30 days from the statement "closing" date (10 days after the due date of the bill) which is a total of 40 days from the due date.
I haven't a clue? But google says - A cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors.
Which if you ask me is still confusing!... more
The market is amazing, the prices are still low and interest rates are at a record low. I'd love to talk to you and help you along this process. I am a full-time Realtor who services the Columbus, OH and surrounding area's. Please, call me at 614-580-8090 and let's talk. I am sure there is something I can find that would make you VERY happy! ~Teresa Isner, Coldwell Banker King Thompson.... more
There are MANY awesome and creative financing options out there right now. I work with 1st time buyers and have a great mortgagor that I use daily, she is amazing at helping. Call me and I will give you her information. 614-580-8090. I'd love to help you.... more
In my shop the minimum waiting period where there was a foreclosure is 3 years from the date the property transferred, if you are trying to go FHA. But it isnâ€™t really as simple as that, it also requires re-establishing credit, meeting the minimum FHA scorecard, getting an approval from AUS, etc. It is a lot more complicated than anyone in my business makes it sound. Loan officers are sales people, we try to encourage. Just hook up with a Realtor you trust and them have them introduce you to the lender they trust the most and ask the LO for guidance. Working as a team will get you there ASAP. Good luck,... more
If you can show that you have and adjustable rate mortgage that changed and it hurt you. You can do FHA Secure. They will buy you out of default. To your question can you buy your own home at sell? You can. But can you get the loan to do it? Unless you have cash its not an option. And yes somebody can outbid you.
I dont know your loan terms or what is going on. Per your appraisal I had 2 done yesterday they came back over 30K difference. I hope you save your home but FHA secure may or may not be the best way. Email me if you have any questions. But you have to act quickly.... more