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Louisville : Real Estate Advice

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  • Local Info41
  • Home Buying216
  • Home Selling24
  • Market Conditions35

Activity 596
Wed Nov 15, 2017
Daniel asked:
Discharged March of this year. Planning ahead. Filed over a balance of $7500 which was originally $2000. Shady law firm purchased the debt. Tried to pay the original balance but they would…
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Mon Nov 6, 2017
Alyssa Laubheimer asked:
Sat Sep 23, 2017
Cksiers asked:
Wed Sep 20, 2017
Dbtcwill asked:
Mon Sep 18, 2017
Meo12544 asked:
That is under fair market Price and can he sell it without all four signatures on the deed
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Sun Sep 17, 2017
Georgecara asked:
Wed Sep 13, 2017
Chaptv asked:
I am about to buy this home perhaps.
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Mon Sep 11, 2017
Rachel asked:
I am a Zillow Premier Agent. I listed 405 Victory Ridge Ct on Friday, 9/8, but the new pictures I added to the listing are not showing up when I pull up this property on Trulia. The new…
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Wed Aug 23, 2017
Bryce Davis asked:
Tue Aug 22, 2017
Lillypud asked:
The house across the street was foreclosed in 2014. In fact, all of the data listed at my address is for the house across the street. How does this get mixed up on at least 3 major home…
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Sat Aug 5, 2017
Kathy Burgreen answered:
If you're in bankruptcy, you should 't be getting a loan in the first place. You should have paid off your old creditors instead. You need to rent. Learn a lesson and live on what you make. Don't spend money on things you can't afford - like a home. ... more
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Sat Aug 5, 2017
answered:
Kentucky FHA loans after a significant derogatory credit events which include bankruptcies, foreclosures, deeds-in-lieu of foreclosure, pre-foreclosures, short sales, and mortgage charge-offs.

A Chapter 7 bankruptcy – MUST be discharged at least 2 years from Case Number Assignment Date. Requirements
include:
1. Complete Copy of Bankruptcy paperwork MUST be provided
2. Borrower must write a detailed explanation explaining the reason for the Bankruptcy
3. The Borrower must have re-established good credit; or chosen not to incur new credit obligations.
4. An elapsed period of less than two years, but not less than 12 months, may be acceptable, if the Borrower:
– Can show that the bankruptcy was caused by extenuating circumstances beyond the Borrower’s control; and
– Has since exhibited a documented ability to manage their financial affairs in a responsible manner.
– If a Chapter 7 is discharged less than 2 years from the date of Case Number Assignment Date the loan must be downgraded to Manual Underwriting and meet all requirements listed in HUD 4000.1 Handbook



Chapter 13 must be discharged ** Requirements include:
1. Complete Copy of Bankruptcy paperwork MUST be provided
2. Borrower must write a detailed explanation explaining the reason for the Bankruptcy
3. The Borrower must have re-established good credit; or chosen not to incur new credit obligations.
4. An elapsed period of less than two years, but not less than 12 months, may be acceptable, if the Borrower:
? Can show that the bankruptcy was caused by extenuating circumstances beyond the Borrower’scontrol; and
? Has since exhibited a documented ability to manage their financial affairs in a responsible manner.

5. If a Chapter 13 is discharged less than 2 years from the date of Case Number Assignment Date the loan must be downgraded to Manual Underwriting and meet all requirements listed in HUD 4000.1 Handbook
... more
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Wed Aug 2, 2017
Sarahdralston asked:
We only used it as decorative, we lowered the home price $5k the day the buyer made the offer, and inspection found $5k damage in crawl space.
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Sun Jul 23, 2017
Michael Musgrove answered:
Lots. Most of Louisville is blue collar, and near the East End is where a lot of their workplaces are located. You have to go look around though; there aren't vast neighborhoods of nothing but blue-collared workers though. ... more
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Tue Jun 20, 2017
Alan May answered:
I can't imagine why it would take 8 weeks to put up a railing on a deck. I'm sure there are plenty of handymen, carpenters who would love to put up your railing a whole lot faster than that. Call around. ... more
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