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May 2013

Found 1 blog entry for May 2013.

For those who have recently been involved in a bankruptcy, foreclosure or a short sale, know that purchasing a home subsequent to any of these proceedings will take some additional time, patience and more than likely, extra funds! This article is intended to provide insight on what to expect for those homeowners who have lost their homes and are now seeking financing after the fact. Many lenders tightened their general home loan qualification standards partly in response to the steep decline suffered by the mortgage lending markets in late 2008. Below is a brief summary and timeline for obtaining financing after coming out of Bankruptcy, Foreclosure or a Short Sale.

FORECLOSURE TIMELINE

If one has previously experienced foreclosure in the recent past

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