Category Archives: Shortsales

Kentucky FHA Loan Requirements for 2019


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Kentucky FHA Loan Requirements The requirements for Kentucky FHA loans are set by HUD. Borrowers must have a steady employment history of the last two years within the same industry or line of work. Recent college graduates can use their transcripts to supplant the 2 year work…

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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Louisville Kentucky First Time Home Buyer Programs and Resources


Louisville Kentucky First Time Home Buyer Programs and Resources. via Louisville Kentucky First Time Home Buyer Programs and Resources. — ¬† Joel Lobb Senior¬† Loan Officer (NMLS#57916) ¬† American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone:¬†(502) 905-3708 ¬†Fax: ¬† ¬†¬†(502) 327-9119 kentuckyloan@gmail.com ¬† ¬†Company ID #1364¬†|¬†MB73346 http://mylouisvillekentuckymortgage.com/  

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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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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You may owe federal income taxes in 2013 if you have a short sale, foreclosure


You may owe federal income taxes in 2013 if you have a short sale, foreclosure.