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  • wait on modification??

    FLORIDA, FHA loan 30 yr fixed 6.0% I have been waiting on the modification process for 10-11 months. My father who was a co-signer Filed Bankruptcy because he lost his job. He also put my house in it, so he could get his name off. I had a loss in income. I applied for a modificatiom. The bank said i...
    Posted to Mortgage Questions (Forum) by onetoomany on Fri, Dec 3 2010
  • Re: Refinancing an FHA Loan to a Conventional Loan

    For Chapter 7 bankruptcies the general guideline for conventional loans is that the bankruptcy must have been discharged or dismissed for at least four years.
    Posted to Mortgage Questions (Forum) by Harlan Cooper on Thu, Apr 8 2010
  • Re: Purchase with 0% Down and Prior Bankruptcy

    You really need a mortgage professional for your situation. There are often bond programs (in addition to the USDA loan mentioned in the previous post) in many counties and housing programs to help offset downpayment. You will though almost across the board need to have some financial commitment to the...
    Posted to Mortgage Questions (Forum) by Clem Borkowski on Fri, Jan 15 2010
  • SURRENDER THE HOUSE?

    Hello, Bought a house in 2007. Note under my name since his credit was not so good. Divorced in 08-15-08. In divorce decree he got the house (equity) I got the note. He cannot refi. ( bad credit), signing for all responsability for this house: expeneses, payments, etc. I quit claim - deed. House has...
    Posted to Mortgage Questions (Forum) by MARCELA GUTIERREZ on Thu, Nov 5 2009
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