Category: Uncategorized

Kentucky FHA loans guidelines for after a bankruptcy, foreclosure, short-sale below:

• Foreclosures: 3 years from the foreclosure completion date and transferred back to the lender to the credit report date
• Short Sale: 3 years from the title transfer date
• Bankruptcy Chapter 7: 2 years from the discharge date. If a property is surrendered in chapter 7 bankruptcy, it is considered to be possible foreclosure which could increase waiting time
• Bankruptcy Chapter 13: 1 year wait with a scheduled payment plan on liabilities factored into debt-to-income ratio and bankruptcy court approval for mortgage process or 2 years from discharge date

Semonin Realtors® just raised the roof on its 18^th Habitat for Humanity home. This year, Semonin partnered up with NTS to provide the substantial funding and volunteers needed for the build. The new home is located on West Muhammad Ali Boulevard in the Russell neighborhood and upon completion will go to new homeowner, Dorothy Webster, a 68-year-old mother of five, grandmother of ten, and great-grandmother of four.

Over the past year, Semonin Realtors® worked to raise funds through payroll and commission deductions, a dessert auction which collected over $12,000, a tailgating event, a bowl-a-thon, and a car wash. All-in-all, these efforts enabled us to contribute more than $35,800 toward the construction of this Habitat build. NTS also added to these funds with a generous donation of $10,000.

Despite a short delay due to weather, Semonin agents and staff successfully raised the roof on Dorothy’s new home, which will be…