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Atlanta, GA 30310

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  2. Bankruptcy

Bankruptcy

Prior Foreclosure, Bankruptcy or Short sale? How long before you can buy a new home?

Vonda Henry with Academy Mortgage has provided a list( Can I Buy )- to help us determine how long one must wait to buy again after experiencing a foreclosure, bankruptcy or short sale.  Lending rules are constantly changing.  Recently, I have been pleasantly surprised to assist many who felt unqualified, in their home purchase.  During the economic down turn- we […]

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A Change in Approach Could Ease Housing Crisis

The United States is on track to experience a record number of foreclosures this year and could break another record in 2011, says columnist Ezra Klein, who lists four ideas housing industry experts are weighing as they attempt to jump-start a struggling market. One is to revamp the Home Affordable Modification Program (HAMP) to empower […]

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Bankers Still Resisting Bankruptcy Cram downs

Banks are facing the inevitability of bankruptcy modification of mortgages.Banks have fought the notion of what is called a cramdown, saying that giving bankruptcy judges the ability to modify first mortgages will drive up borrowing costs for everyone.Supporters of cramdowns point out that modifications are no more costly than bankruptcies.To get the support of Citigroup, […]

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