Kentucky Mortgage Options After Short Sale or Foreclosure

Kentucky Mortgage Short Sale: Conventional Loans Require: Minimum 2 years with restrictions up to 7 years 2 to 4 years - 80% maximum LTV 4 to 7 years - 90% maximum LTV 7 years and after allow for maximum standard financing Kentucky FHA and Kentucky VA Loans Require: 3 years, with exceptions possible for less … Continue reading Kentucky Mortgage Options After Short Sale or Foreclosure

FHA changes may aid those who lost homes

FHA changes may aid those who lost homes. The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky FHA-insured mortgage loan for those who have undergone foreclosure, deed-in-lieu, taken a short sale or declared bankruptcy during the economic recession.   Through its new program, Back to Work—Extenuating Circumstances, the waiting period for … Continue reading FHA changes may aid those who lost homes

FHA expands mortgage backing to the once bankrupt | 2013-08-16 | HousingWire

FHA expands mortgage backing to the once bankrupt | 2013-08-16 | HousingWire.

SURRENDURING YOUR HOME IN BANKRUPTCY

SURRENDURING YOUR HOME IN BANKRUPTCY.   by: Tracy L. Hirsch, Attorney One of the hardest decisions a family has to make is deciding to surrender their home in a bankruptcy proceeding. Often times, this means allowing a home to go through the foreclosure process and discharging their mortgage obligations in a Chapter 7 bankruptcy. Many … Continue reading SURRENDURING YOUR HOME IN BANKRUPTCY