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90660 : Real Estate Advice

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Activity 2
Wed Dec 21, 2016
Hello Mike, you would need a minimum 500 fico score to qualify for FHA financing. Do you want cash out or just rate and term refinance?

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and LTV. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Tue Nov 9, 2010
Sindy Verdugo answered:
As far as I know: From the time the NOD is filed the bank still gives you 6 months till the trusties sale and 21 days until the auction and the courthouse steps. My experience is that the NOD is files when the fourth payment is due so, that works out to about 9 months and 21 days by the book. I have seen banks not file the NOD for months. Working on a loan modification plan can stretch it out also.

Hope that is helpful.

Sindy Verdugo
Over 800 Homes SOLD since 1979

Re/Max College Park Realty
(562) 433-3777
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