Bankruptcy
Investing In Real Estate With Friend Leads To Problems
If you invest in real estate with friends or relatives, plan ahead. Otherwise, you may find yourself deep with problems when money is short or disagreements arise. Q: My friend and I bought a single family house to make some …
Commercial Lease Security Deposit At Risk In Bankruptcy
If you are a tenant in a commercial lease, your security deposit may be at risk if the landlord files for bankruptcy Q: I have a commercial lease for a portion of a strip building and just found out the …
How To Negotiate Wage Garnishment
Q: My wife has had a wage garnishment made against her for a debt she knowingly owes of about $4,000. An independent company (an ambulance chaser of sorts) bought her debt from the bank and allegedly sent her a letter …
Should You Buy A House After Bankruptcy?
Should you buy a house after bankruptcy? Is it dangerous to buy a home after bankruptcy? Buying a house after bankruptcy can hurt your credit history. It can be impossible to find a mortgage lender if you buy a house after bankruptcy. After bankruptcy you should wait to buy a house. Buying a home after bankruptcy takes time.
How Long Do You Have To Wait To Buy A House After Bankruptcy
How long do you have to wait to buy a house after bankruptcy? After you file for bankruptcy, there’s a waiting period before you can buy a house. Even if you’re paying your bills and your credit is improving, you have to wait at least 5 years before you can qualify for a mortgage. After bankruptcy, you have to wait to buy a house because the lender still sees you ask a risk after your bankruptcy.
Buying A Home After Bankruptcy Takes Time
Dealing with the consequences of bankruptcy can be very tough and it can take a long time. After you file for bankruptcy, you cannot qualify for a home loan from Fannie Mae, Freddie Mac or FHA for at least three years, if not longer. Buying a home after bankruptcy may not be an option right away. Consider renting and saving money while you are recovering from bankruptcy before trying to buy a home so soon after bankruptcy.
Chapter 7 Bankruptcy Still Affects Credit History After Seven Years
Chapter 7 bankruptcy still affects a buyer’s credit history even after seven years from the date the bankruptcy was filed.
Taylor Bean and Whitaker Trouble: Continued Mortgage Bankruptcy Hearing Update
Mortgage borrowers are scrambling for answers as their funds have been frozen; What do you do if you receive letters from two different mortgage servicing companies claiming that each one of them is going to service your Taylor Bean and Whitaker loan? We’ve received an update and past court documents from the United States Bankruptcy court detailing Taylor, Bean Whitaker trouble.
Taylor Bean Whitaker Update: Deadline From Bankruptcy Court
Taylor Bean Whitaker Update: The latest news finds the failed mortgage company at a hearing at bankruptcy court. According to a representative from the Georgia Department of Banking and Finance, Taylor Bean Whitaker has been given a deadline of October 31 to address who will service which accounts.
How Long Does Bankruptcy Stay On Your Credit Report and Rebuilding Good Credit After Bankruptcy
How long does bankruptcy stay on your credit report? Depending on what kind of bankruptcy you filed, a bankruptcy can stay on your credit report for 7 or 10 years. The longer it has been since your bankruptcy, the less your bankruptcy will affect your credit score. To see if your bankruptcy is still on your credit report, you can pull a free copy of your credit report. If it’s been more than 10 years and the bankruptcy is still on your credit report, you can file a dispute and prove that it’s been more than 7 or 10 years since your bankruptcy was discharged.
