Friday, 18th May 2012
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Mortgage Included in Bankruptcy – When Can I Buy Again?

Posted on 06. Feb, 2012 by in Buy Again

Include mortgage in bankruptcy

For a little over a year now I have been focusing much more time and energy to educating folks about being able to buy again after bankruptcy, foreclosure, short sale or deed in lieu of foreclosure. One of the most common questions I get is in regards to including a mortgage or mortgages in a [...]

Buy Again Sooner after Short Sale or Deed in Lieu of Foreclosure?

Posted on 16. Dec, 2011 by in Buy Again

Buy again sooner after short sale

You can buy again sooner using Fannie Mae conventional home loan financing if you avoided foreclosure of a previous home through a short sale or deed in lieu of foreclosure. Buy Again After Short Sale / Deed in Lieu of Foreclosure TWO (2) Years up to Maximum 80% Loan to Value | 20% Down Payment FOUR [...]

VA IRRRL – Interest Rate Reduction Refinance Loan for Veterans

Posted on 31. Oct, 2011 by in Buy Again

VA IRRRL Streamline Refinance

Don’t feel like reading?  Listen to this article instead! The VA IRRRL – Interest Rate Reduction Refinance Loan sounds like it’s one of those crazy Government programs that has more acronyms than benefit to homeowners, but that’s not the case with this incredible Veteran’s only streamline refinance loan. As interest rates have remained at record [...]

Foreclosure, Deed in Lieu, Short Sale – Which is Better?

Posted on 04. Jul, 2011 by in Buy Again

Foreclosure, deed in lieu, shortsale - which is better?

One of the topics I am passionate about is helping home owners understand that there is light at the end of the tunnel, you CAN buy again after losing a home. Today’s real estate market is primarily the result of greed and mis-information. This article isn’t meant to be a rant about what went wrong, [...]

Mortgage Discharged in Bankruptcy is NOT Free and Clear?

Posted on 25. Apr, 2011 by in Buy Again

Mortgage Discharged in BK

I have had several conversations in the past few weeks around the discharge of mortgage debt through a bankruptcy. Much of this conversation has taken place in the comments sections of two articles from a few months back – Buy Again After Bankruptcy, Foreclosure and Buy Again One Day Out of Short Sale. All of [...]

Can I Rent Out My Upside Down Home and Buy Again?

Posted on 25. Apr, 2011 by in Buy Again

Rent Home Buy Again

Falling home values and record low interest rates make this an incredible opportunity for many homebuyers. What if you are a home owner now and you want to take advantage of this opportunity to move into a bigger, better or newer home with a lower interest rate and a lower mortgage payment? Selling the home [...]

Foreclosure Prevention Options – Band Aids and Bad Investments

Posted on 08. Mar, 2011 by in Buy Again, Consumer Protection, Foreclosure Prevention

foreclosure prevention house underwater

Foreclosure prevention is a very sensitive subject because there is always a struggling family involved in the conversation. I have been focusing on the topic “Buy Again” lately in an effort to properly communicate what recovery looks like for struggling homeowners, and it’s actually not as bad as it may seem. Band Aids The emotional [...]

UPDATE: Buy Again One Day Out of Short Sale?

Posted on 28. Feb, 2011 by in Buy Again

buy again after short sale

Last week I passed along a recent guideline update regarding FHA’s stance on allowing the financing of a new home purchase one day after closing a short sale that meets specific criteria. This week, after prodding and communicating with FHA about several scenarios, we have some clarity about what is allowed and what is not [...]

One day out of Short Sale You Can Buy Again?

Posted on 21. Feb, 2011 by in Buy Again

short sale buy again

You can buy again, using an FHA loan, if you are only one day out of closing on a short sale IF: You had no mortgage lates before your short sale The loan that you short saled was NOT an FHA loan This is pretty amazing right?  I mean, normally there’s a waiting period after [...]

Buy Again After Bankruptcy Short Sale or Foreclosure?

Posted on 02. Feb, 2011 by in Buy Again, Home Buyers

Buy again after foreclosure

“When Can I buy again after a Bankruptcy, short sale or foreclosure?” I get this question all the time and I finally got smart and decided to post it here for everyone. These guidelines have changed quite a bit over the past three years (becoming more strict) and are accurate as of the date of [...]