Category Archives: Bankruptcy

Kentucky Home Buyers. Purchase a Home No Money Down.


¬† ¬† ¬† ¬† ¬†Kentucky Home Buyers Program Summary below use to purchase their first home. ¬† Conventional Loan ‚ÄĘ At least 3%-5% down ‚Äʬ†Closing costs will vary on which rate you choose and the lender. Typically the higher the rate, the lesser closing costs due to the lender giving you a lender credit back […]
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What is the minimum credit score I need to qualify for a Kentucky FHA, VA, USDA and KHC Conventional mortgage loan in 2019?


What is the minimum credit score I need to qualify for a Kentucky mortgage currently in 2019? Question: What is the current minimum credit scores needed to qualify for a Kentucky mortgage Loan in 2019? Answer: The minimum¬†credit score¬†needed to qualify for a Kentucky mortgage depends on the type of loan program you are looking […]
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Obtaining new financing after a Short Sale or Foreclosure for a Kentucky USDA, FHA, VA, and Fannie Mae Loan


  Kentucky Mortgage Short Sale: Conventional Loans Require: Minimum 2 years with restrictions up to 7 years 2 to 4 years – 80% maximum LTV 4 to 7 years – 90% maximum LTV 7 years and after allow for maximum standard financing Kentucky FHA and Kentucky VA Loans Require: 3 years, with exceptions possible for […]
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FHA changes may aid those who lost homes


FHA changes may aid those who lost homes. The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky ¬†FHA-insured mortgage loan for those who have undergone foreclosure, deed-in-lieu, taken a short sale or declared bankruptcy during the economic recession.   Through its new program, Back to Work‚ÄĒExtenuating Circumstances, the waiting period for […]
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FHA expands mortgage backing to the once bankrupt | 2013-08-16 | HousingWire


FHA expands mortgage backing to the once bankrupt | 2013-08-16 | HousingWire.

SURRENDURING YOUR HOME IN BANKRUPTCY


SURRENDURING YOUR HOME IN BANKRUPTCY.   by: Tracy L. Hirsch, Attorney One of the hardest decisions a family has to make is deciding to surrender their home in a bankruptcy proceeding. Often times, this means allowing a home to go through the foreclosure process and discharging their mortgage obligations in a Chapter 7 bankruptcy. Many […]
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Louisville FHA Kentucky Mortgage Recently HUD/FHA issued three new mortgagee letter…: Will these recent FHA Changes do anything?


Recently HUD/FHA issued three new mortgagee letters that on the surface indicates a new way that HUD/FHA is going to treat borrowers with past credit problems. Will these recent FHA Changes do anything? Will these recent FHA Changes do anything? Recently HUD/FHA issued three new mortgagee letters that on the surface indicates a new way […]
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Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky


Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky¬† ¬† ¬† What is¬†Back¬†to¬†Work? FHA¬†is¬†continuing¬†its¬†commitment¬†to¬†fully¬†evaluate¬†borrowers¬†who¬†have¬†experienced¬†periods¬†of¬†financial¬†difficulty¬†due to¬†extenuating¬†circumstances. Many¬†borrowers¬†experienced¬†periods¬†of¬†recession¬†related¬†financial¬†difficulty¬†and/or¬†credit¬†impairment¬†resulting¬†from unemployment¬†or¬†a¬†severe¬†reduction¬†in¬†income.¬†FHA¬†recognizes¬†the¬†hardships¬†faced¬†by¬†these¬†borrowers,¬†and¬†that their¬†credit¬†histories¬†may¬†not¬†fully¬†reflect¬†their¬†true¬†ability¬†or¬†propensity¬†to¬†repay¬†a¬†mortgage. ¬† For¬†Purchase¬†transactions¬†with¬†case¬†numbers¬†assigned¬†on¬†or¬†after¬†August¬†15,¬†2013¬† Are borrowers with a foreclosure, short sale, or bankruptcy eligible for Back to Work? The alternative guidance in Mortgagee Letter 2013-26 is effective for purchase applications with case numbers assigned on or […]
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For short-sellers, good news: Your wait to buy could be cut | Business & Technology | The Seattle Times


For short-sellers, good news: Your wait to buy could be cut | Business & Technology | The Seattle Times. Related Articles Short Seller Massacre: Wrong Or Just Early? (ycharts.com) 5 Stocks Crushing the Short Sellers (investorplace.com) Join Seattle Times Seahawks coverage team for The Huddle on Sept. 5 (blogs.seattletimes.com) The Dow’s 5 Most Hated Stocks […]
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Bankruptcy Law Q&A – 14 News, WFIE, Evansville, Henderson, Owensboro


  Bankruptcy Law Q&A – 14 News, WFIE, Evansville, Henderson, Owensboro.