- NEW!
by Scott D - ex-QnA on October 6th, 2008
What makes you think that another lender might think that your mortgage payment history was worthy of another go-'round?
Indeed, in stronger capital markets you could purchase a home within a year of foreclosure with 10% to 20% down. This was part of what lead to the subprime mortgage meltdown.
That was then, this is now. I suspect that after the banks are again liquid, you might be able to qualify for another loan after three years of a strong rental history, three or four open and active credit tradelines with no late payments, absolutely no other derogatory credit entires (e.g., Judgments, charge-offs, or collections).
In other words, lenders will no longer prove themselves as irresponsible as you have been.
by steve on October 6th, 2008
2nd lien holder hasnt acted other then a letter asking for full amount to be paid in full with penalties
by steve on October 5th, 2008
i havent paid on 2nd mortage in 10 months yet up to date on 1st. If i sold house might make 1/2 of what is owed on 2nd mortgage. my question is can i save my house without selling it and somehow neg a pay off on 2nd mortgage with that bank? If so what percent should i expect to pay off?
I have a 70,000 loan with 8% fixed interest rate but my payments are from 640.00 to 798.00 one was 815.00 is this right?
by jammnwright on August 25th, 2010
| 1 person likes this
how do you get this application for the Hamp Program for saving your mortgage?
by londa1017 on June 8th, 2010
| 1 person likes this
The CFPB: Not Everyone is an Attorney?
by mdGreg on September 17th, 2010
| 1 person likes this
Did you refi, now that rates are at rock bottom?
by Piano Player on June 20th, 2010
| 1 person likes this
What is mortgage?
by bonezip on June 9th, 2010
| 1 person likes this
You're reading I've been in debtors court with a delinquent mortgage. Is it possible for me to buy another home? Are there programs available to me while I am debtors court?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments