Category Archives: home mortgage bankruptcy

How long should one wait after declaring bankruptcy to try to get a mortgage?

I had a bankruptcy discharged in March of 2005, and that bankruptcy did include a mortgage and home equity loan. My financial situation has improved, and I am thinking about buying another home, but am not sure if enough time has passed since the previous issues for banks to consider me as a client. Some [...]

If a 2nd mortgage was included in a bankruptcy and discharged. Do they still have a claim to the property?

We filed bankruptcy a year ago. We left out the first mortgage but included the second mortgage (home equity line of credit). It has been discharged, no one contested it and we haven’t received a statement or any other communication from them since. We want to sell the house now to our daughter. Does that [...]

AHM – American Home Mortgage Investment Corp. just declared bankruptcy today…….?

AHM share price is now at $0.44, and went down like $10 in the past week. Can experienced investors give me advice as to if it would be a good investment right now to purchase this stock. Or does it mean that now since they declared bankruptcy that the stock is worthless, and will soon [...]

Gettinga a Mortgage with a Bankruptcy?

I am currently 15 months off my Chapter 7 bankruptcy being discharged and I now have 3 credit cards with zero balance and a Car loan which has been paid on time every month. I make 55k a year and am wanting to buy a home and stop renting. Do you believe I will be [...]

i bought a home on land contract that has a mortgage and now its going into bankruptcy what do i do?

I don’t know what to do I have 3 small children. Will they take my home because it’s in that person’s name who is failing for bankrupt? Please someone help me with my question. You haven’t bought the house yet, you need to exercise your right to buy it and get it all transferred into [...]

Getting a Mortgage with a Bankruptcy?

I am currently 15 months off my Chapter 7 bankruptcy being discharged and I now have 3 credit cards with zero balance and a Car loan which has been paid on time every month. I make 55k a year and am wanting to buy a home and stop renting. Do you believe I will be [...]

Can a mortgage be discharged in bankruptcy after order for relief from automatic stay?

Can a mortgage on a home be discharged in bankruptcy chpt 7 after order for relief from automatic stay was granted to the bank. the loan on the house is more than the value, and the owner stop paying the mortgage. Check the sites thoroughly. It’s an excellent site with some wonderful options for you. [...]

Even with the mortgage meltdown, can i still get a 100% home loan after 1 year post bankruptcy?

ok. i dont need no gay answeres or smart *ss answeres here. i know when my bankruptcy is 2 years old my credit score will be close if not in the 700′s and i will be able to get a fha loan with 3% down and very reasonable interest rate. i am looking for finance [...]

If I file for bankruptcy and the mortgage amount is not covered by the sale price of the home?

Am I still responsible for that remaining amount? We are a statewide realty orginization that specializes in Bankruptcies in South Carolina. The answer is no. Their will be a short sale. Your lien holders will have to take less than is owned or your home will inevitably go into forclosure and leave you coming out [...]

Can you include a second mortgage in a chater 7 bankruptcy and keep your home?

It depends on the homestead exemption you have in your state. Your chances may be better with a Chapter 13 bankruptcy, if you can afford the payments on the first and second mortgage after receiving bankruptcy relief. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-bankruptcy%2Fcan-you-include-a-second-mortgage-in-a-chater-7-bankruptcy-and-keep-your-home’; addthis_title = ‘Can+you+include+a+second+mortgage+in+a+chater+7+bankruptcy+and+keep+your+home%3F’; addthis_pub = ”;