 I messed up REAL BAD? |
no clue what to do. I purchased my house in dec 2005 for $489,000 with 25k down 30 year fixed
I fell behind in a few payments and cannot afford to make them anymore.
I have only paid ... |
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 My Landlord is being investigated for fraud, do i have to pay my rent? |
| Recently there have been a series of break-ins of properties owned by my landlord, but the burglars used keys. Nothing has been stolen from our property but someone has entered without permission, ... |
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 Rent a flat without a job? |
Is it possible to rent a flat without a job(maybe paying 6 months in advance)in the uk?
Additional Details
ps:i'm going to move to the uk from italy and i have no clue how do these ... |
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 Two offers the same on house and one is stalling what do i do? |
there was no contract for the first offer. it was verbal and
part of the deal was to go into contract within ten days.
its 7 days and still have not heard from their lawyer
there is no ... |
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 Would you pay your rent if? |
| I keep getting letters in the mail from my land lord mortgage company. We rent,They havent called wrote or sent an email or anything to me saying any different. Our rent was due the 1st and we have ... |
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 "Priced to Sell" home- what does this mean? |
| A seller listed their house and told us it is "priced to sell"? Is this code for something? Does this mean there is little room to negotiate and they will only take full price?... |
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 Why cant i find any houses to let that the landlords accept dss? |
I have been looking for a poperty now for about 3 weeks now and not one landlord accepts dss, this is not fair and i do not agree that we should all be tarnished with the same brush.
If anyone ... |
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 What options do I have when the value of my home has gone down and I need to lower my monthly payments? |
| Homes in our area have gone down in value and I just recently checked zillow..com and just realized I'm financing a home at 98% of the value of the home. We are in a financial bind right now (... |
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 I am being sued from a house I rented in May of '06, and was wondering if the Landlord can still come after me |
| For damages. It was a prom rental and 4 of the 9 occupants were 17. All nine signed the lease. We were taken to court and the judge found the contract to be invalid but she has now filed an appeal. ... |
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| Lost Job- Cannot Pay Mortgage? |
Hi,
I had bought a condo in early 2007. I recently lost my job and cannot make mortgage payments anymore. I do have some savings but need that for my living expense now.
I tried ... |
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 I'm looking for a mortgage as a first time home buyer just north of Boston, MA. Who should I go with? |
| I'm planning on moving to Wilmington, MA, and am just looking for a good rate on a 30 year fixed mortgage. Does anyone have any suggestions as to who I should go with? Do I have a better ... |
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 Question from a First time buyer |
| I've not bought a house yet but me and a friend of mine are possibly thinking buying a somewhere to live (i dont think anything will happen yet), what id like to know if theres something that me ... |
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 Can I take the deposit back? |
| I went to check out a studio, and after that I agreed to take it. So I gave the landlord $500 for deposit. She told me to give the rest of the money and plus the first month rent as soon as I can (O... |
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 How do you deal with rude realtors? They call to schedule appt and dont show up. We are afraid to make waves.? |
| We have had realtors who refuse to give us a business card, or shake hands. They dont like being questioned about what they are doing, like is it a preview or showing. They call for an appointment ... |
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 Bad feeling about apartment complex...? |
| My boyfriend and I's lease is up in two months, we've been looking for apartments and found one we both really like but the more I think about it I have worse feelings about it. Their Phase ... |
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 Can I get back a deposit on rental I've decided I don't want? |
I paid a $600 deposit on a rental property that on closer inspection have decided I don't want. I never signed an official lease so am I entitiled to get the money back?
On another ... |
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 The landlord want more deposit of my pet that he clains he had no knowlege of but when we came to see the? |
| place we tald him we had 4 pets he said that was fine but after 2 yrs he wants more deposit can he do ... |
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catsaver001 | Regarding down payments when purchasing a home.? |
We are just out of a bankruptcy and are wanting to purchase a home again. We have no money for a down payment. Can a down payment on the home be financed along with the mortgage? |
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daeve930
|
This will depend on your cicumstances and the lender's policy. Some lenders are pretty unforgiving. Any BK on the bureau is an auto decline. They may re-consider you based on the type of BK, whether they lost any money, and what's happened since. The bank I used to work for did it this way. At least 2 years, not single slip since them...not a late payment, all new credit clean and that bank can not have lost a cent. AND there must have been a mitigating circumstance...the BK can't have been your fault. Losing your job or getting divorced are not acceptable reasons. Someone got sick -- that's pretty much it.
The bank I work for now doesn't have an auto decline. If the first line review can't accept the loan, it goes to an underwriter. Our criteria is that it was FILED at least 24 months ago, and discharged. It's just one factor of a huge puzzle. The lender really makes a difference in your chances. |
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dunkadog8
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the mortgage game has changed and if you are just out of bankruptcy you may have a real hard time getting approved by anyone |
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Dr. Deth
 |
if you just got out of a bankruptcy, forget about buying a house for at least 2-5 yrs - you won't get approved, even if you have downpayment- and you'll never get it with nothing down anymore, so start saving and don't get into credit trouble again |
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smiley20903
 |
There is no lender that will will finance a down payment on a mortgage to a borrower that just came out of a banruptcy. 100% financing is becoming harder and harder to get. You should wait at least 2-3 years before you buy again especially if you have no money to put down on a home. First and foremost work on rebuilding your credit and saving up for a down payment because now you wouldn't qualify for any type of loan that would be beneficial. |
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k man
 |
bankruptcy,no money down,want financing. gee honey you live in fantasy world.... |
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H. A
|
Yes, in some cases, but you can't because you are just coming out of BK. You must rebuild your credit and get your credit score up into the seven hundreds to get a 100% cconventional loan, maybe six hundred eighty will do it on a full document, but it will be tough. FHA offers you your best choice, but you need at least two years in between the discharge and the purchase, unless your BK was a Chapter 13, then you can buy now, if you paid the chpt. 13 on time during the whole time. You will have to get a buyers assistance program in order to go 100%, and that is when the down payment is financed into the mortgage, as well as most of the closing costs and prepaid items. Contact your local mortgage company and you probably want to talk to two of them at least. |
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Geaux LSU Tigers!!!
|
A while back lenders were very hopped up to give 100% loans, or an 80% loan plus a 20% loan. But these are many of the people who are really having trouble with their mortgages now, and since house prices are nosediving, the house isn't worth what is owed on it. So lenders are avoiding those kinds of loans for now.
If you are just out of a bankruptcy, you may have a hard time getting any kind of a loan this soon, as you have shown your financial irresponsibility. |
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Expert Realtor
|
Why not WAIT instead of getting yourself back into the same financial mess that lead you to the bankruptcy court to start with.
First, you CANNOT finance a downpayment. Second, no bank will loan you (including FHA) 100% financing with a recent bankrupcy.
Wait 4 years, maintain PERFECT credit, and then apply with an A-paper bank so you won't have to Rob Peter to pay Paul and end up with a foreclosure too...b/c THAT will bar you from buying a house until both falls off your credit.
There is a difference between needs and wants...if you have an apartment, you don't "need" a house. |
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Fabio G
 |
these are the bank rules on BK
BK 7, 11 or 12 due to hardship 2 years before acceptable for loans
BK filed under 13 2 years with re established credit
BK 7,11 and 12 due to mismanagement discharged 4 years with re established credit
IN all cases a single late payment after discharge makes you ineligible for a loan |
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kate
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Yes , for a bazillion % interest and high PMI .
I thought the new bankruptcy laws madated counseling that would educate people ,
What happened ?
> |
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matsonb
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That would be a no down payment loan. Your credit has to be perfect since your bankruptcy and you will probably need 2 years from the discharge date if you want 100%financing. http://www.choicerealestate.net/ |
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Tom J
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The sub prime mortgage mess was in part due to loans like you are talking about 100% financing to folks with less than stellar credit.
Do yourself a favor. Rent for two years or so. Save the downstroke. Improve your credit score. Then apply for a loan. You'll be in much better shape. |
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marxistharpist
 |
The FHA will give you up 97.75, they will give you a loan a year out of BK, so in the meantime save that 3 percent and than talk to a broker. |
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