Tag Archive for: bankruptcy

Mortgages After Bankruptcies – Easy to Get! Jobs Report Nonsense Again

Mortgage rates shot through the roof this morning in response to a very strong jobs report! This is exactly what I predicted would happen in my blog yesterday, as the official BLS jobs reports always come out stronger than expected - particularly in January - before getting revised downward in later months.Read More

Refinancing During Chapter 13 Bankruptcy in Florida City

Refinancing your mortgage during or after a Chapter 13 bankruptcy in Florida City or the greater Miami-Dade County is a viable option that can lead to significant financial relief. At JVM Lending, we are dedicated to providing expert advice and solutions that cater to your unique circumstances.Read More

Mortgages and Bankruptcies: A Guide for Borrowers Seeking Home Loans

Owning a home is a commonly shared goal for many, yet financial setbacks like bankruptcy often raise concerns about the possibility of homeownership. A common misconception is that bankruptcy automatically disqualifies borrowers qualifying for a mortgage. Fortunately, this isn't always the case and there's plenty of room for optimism and solutions for homebuyers. Bankruptcy is not a permanent barrier to homeownership.Read More

Bankruptcy Seasoning Requirements For Mortgages

If you have had to file for a bankruptcy case in the past, you may worry that you will never be able to purchase a property or qualify for a mortgage. Good news! A bankruptcy on your credit report does not automatically disqualify you from obtaining mortgage financing, and your bankruptcy needs to “season” before you can obtain mortgage financing.Read More

Refinancing During Chapter 13 Bankruptcy

While going through chapter 13 bankruptcy, it can be a challenge to get your finances back on track. If you have an existing mortgage you'd like to refinance, it can be even more challenging to find mortgage companies that will refinance your mortgage. Here's everything you need to know about refinancing during chapter 13 bankruptcy.Read More

Mortgage Companies Imploding Again! When to Worry

In 2006, the infamous Implode-O-Meter was established to predict and announce all of the mortgage companies that were going belly up. It was both fascinating and extremely helpful because it warned people to avoid lenders or investors (that buy loans) that were on the verge of bankruptcy.Read More

Jumbo Loans Stall; IRS & India Shutdowns Slam Industry; Still Funding Loans; Vanilla Loans Only

STIMULUS AND FED ALMOST CRASHED MORTGAGE/HOUSING INDUSTRY Here is a great article that partially explains what happened. Long story short: many major lenders face bankruptcy b/c servicing values are now […]Read More

Bankruptcies Up; How Long Do They Have to Season for Mortgage Financing?

In another indication that we are at the tail end of a business growth cycle, Bankruptcy (BK) filings are increasing even though the economy remains relatively strong. BK filings were […]Read More

Seasoning From Bankruptcy Discharge: 2 Yrs for FHA

We have been seeing a lot of bankruptcies (BKs) lately, so we thought it was time to again mention required seasoning periods from date of discharge. For Chapter 7 (liquidation) […]Read More

Bankruptcy Often Better Than Credit Counseling

One of our borrowers recently closed down her business and is now thinking about entering into a credit counseling program to pay off all of her credit card debt b/c […]Read More

Bankruptcy Seasoning Requirements; 0, 2 & 4 Years

We are revisiting Bankruptcy (BK) seasoning requirements b/c we are asked so often: For Chapter 7 (liquidation) BKs the seasoning is 2 years from discharge for FHA financing and 4 years […]Read More