503.698.5801 – GoNorthwestLoans.com
Just because you had a short-sale, foreclosure, or bankruptcy in the past … won’t prevent you from being able to buy a home again. Watch this video as I run down the waiting periods for you to get back in the saddle!

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http://www.alterrahomeloans.com – Wondering how long it takes to get a new mortgage after filling bankruptcy, having a foreclosure, or short sale? There are now many more options for home financing if you follow the proper steps. Alterra home loans has many new loan programs for individuals with credit problems.

Alterra Home Loans
1290 South Jones Boulevard #150
Las Vegas, NV 89146
(702) 475-6417

http://maps.google.com/maps/place?cid=7001223882992431046&ei

Duration : 0:4:14

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Technorati Tags: Bad Credit, Foreclosure, mortgage, real estate, Short sale

For mortgages, you will commonly deal with FHA and Conventional mortgages. Previous standards were that you had to be out of foreclosure at least 4 years on a Conventional mortgage and 2 years on FHA. That was before the mortgage foreclosure and credit crisis.

Since the crisis, lenders have been forced to scale back because investors are tightening credit restrictions. Thus, guidelines are changing almost daily.

Many auto dealers have a special finance department that works with people slow pay, foreclosure, bankruptcy, etc. If you have a job, pay stubs and a down payment, getting a car should be pretty easy after a foreclosre. The catch is that you will pay a higher interest rate with riskier credit.

http://mortgagefodder.blogspot.com/

My husband had a foreclosure about 6 years ago before we got married. Has enough time passed for us to try to requalify for a mortgage together? I know that it is still listed on his credit report, so I don’t want to take another hard inquiry "hit" if it is going to be impossible to qualify. He makes about 130K a year and I make about 45K. Other than monthly household utilities, we don’t have any debt. We live in Texas and I have never applied for a mortgage before. Don’t want to waste our time away from work if we’re going to be told "no", so I’m just trying to see if anyone thinks we would have a chance. Thanks in advance for your answers!!
Also, is there a certain mortgage company that has helped anyone that has had similar problems that you can suggest??

Get a copy of your current credit report.

Is it still there?
What is your score? above 720..you should have no problem.

6 years should be enough time…especially if you have no more issues

My home foreclosed and there is a judgment against me. How long can they attempt to come after me for that money? Do I have to declare bankruptcy? What does the mortgage company gain by forcing me into bankruptcy? Is there any advantage to going into bankruptcy? I never took out a second mortgage, how often do mortgage companies come after foreclosures for the remaining balance judgment against them?

The judgment stays, and collects interest until it is paid. If they have to wait until you die and take it out of your estate they will wait it out.

A bankruptcy is unlikely to effect a judgment. This is not a bill, this is a court order, you have their money and a judge has ordered that you repay it.

There’s still no relief in sight for struggling American homeowners. Especially after we learned this week that mortgage giant Freddie Mac – which was in charge of keeping Americans in their homes – was actually betting on people getting kicked out of their homes. Since the George Bush meltdown in 2007 – 9 million homes in American have been lost to foreclosure. And as of right now – another 4 million are in danger of foreclosure. But even more troubling than these disturbingly high foreclosure numbers – is what’s behind them. And how this foreclosure crisis is disproportionately affecting minority homeowners. Joining me from New York to speak to this issue is Janell Ross – Business Reporter with the Huffington Post

Duration : 0:6:20

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