Category Archives: short sales

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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Check out the Fannie Mae HomePath listings in Jefferson County Louisville, Kentucky for 2016


    Address Location Type Status Price Beds Baths Previous Next 223 Middletown Sq Louisville, KY Single Family Just Listed $78,000 1 1 1663 Al Mara Cir Louisville, KY Single Family Just Listed $195,000 4 3 609 Logsdon Ct Louisville, KY Condo Just Listed $75,000 1 1 8206 Roland Ave Louisville, KY Single Family Just […]
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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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A Complete Guide to Closing Costs in Kentucky


Who¬† pays Closing costs in Kentucky? How much is closing Costs in Kentucky? A Complete Guide to Closing Costs.   ¬†Complete Guide to Closing Costs in Kentucky A Complete Guide to Closing Costs Types of Closing Costs Let‚Äôs talk briefly about the types of closing costs you might encounter and how much those costs tend […]
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