The two most common types of bankruptcy (BK) are the Chapter 7 (liquidation) and the Chapter 13 (reorganization). Let’s get a list of different situations or events may be required for waiting periods for different types of financing options: What I wanted to share with you is a current (as of today) crib sheet of how long certain negative things need to be “seasoned” before different types of mortgage financing can be offered. People have had their incomes cut back, lost jobs, bankruptcies, foreclosures and short sales. The last couple years have been hard on many people even though the Federal Government says that the recession is behind us. Since late 2007 and the MORTGAGE MELTDOWN started we’ve had many “inquiries” from prospective MN & WI buyers who’ve wanted to get into a new home or BACKinto home ownership.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |