Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month

You do not have permission to post in these forums.  Join Now or Sign In to post.

Page 1 of 1 (5 items)
Post Statistics: 799 Views, 4 Replies
Latest Post: Thu, Dec 18 2008 11:12 PM by akaagassi
  • Wed, Dec 3 2008 1:11 AM
    • Anonymous
    Presently Facing Foreclosure - Can we get a Mortgage?
    We are presently facing foreclosure. No sheriff's sale date yet. We filed for bankruptcy this past spring. FICO's in the 500's. Are we going to be able to get another mortgage?
     
  • Wed, Dec 3 2008 10:07 AM

    You will be able to get another mortgage but you will have to wait at least 3 to 5 years, depending on the program that you use to obtain your new mortgage. 

    With having that time till you are able to get another mortgage you will be able to work on getting your credit scores up by re-establishing your credit with new small loans and small balance credit cards.  Making your payments on time every month is going to be on of the important keys to re-establishing your credit and keeping your credit card balances down to around 40% of your available credit.

     - View My Profile
    Loan Officer
    At Home Mortgage, LLC
  • Thu, Dec 18 2008 2:48 AM

    You could also consider a loan modification. 

  • Thu, Dec 18 2008 11:12 PM

    Let's go one step at a time...regroup and rent for a while...

Page 1 of 1 (5 items)
X
Track Mortgage Rates Daily with our Free Daily Rate Updates. There are several ways to follow daily rate movements, including:
Email Address:   Zip Code:  
RSS - Subscribe to our Daily Rate Update RSS Feed.
Twitter - Follow our Daily Rate Update on Twitter.
Facebook - Follow our Daily Rate Update on Facebook.
Bookmark - Bookmark our rates page and visit daily for updates.
Mobile Apps - There's an App for this too. Learn more about our Mobile Apps.