Jump to content

BK w/mortg. included in BK on 2 of 3 CRA's help


harlock
 Share

Recommended Posts

Hi,

I have a BK (discharged 12/03) and TU and EX are showing mortg. included in BK (which it should) but EQ/CSC is showing foreclosure and and refusing to correct it. Will I still be able to get a mortg? have middle score of 650fico with 4 good CC tradlines and two cars payments (one for 600) that I had for over 4 years. make 80K+

Thanks,

Harlock

Link to comment
Share on other sites

You will be able to get a mortgage, but the rate will be terrible if you want over 65% LTV. THere are VERY few lenders that will finance 100% in your situation.

If your home did not actually go into foreclosure, get denied for a standard loan, and have that listed as the reason for the denial. Sending that to the CR with a note that their error was causing you financiial harm should work.

Charles

Link to comment
Share on other sites

I would wait until at least 12 months after your FC date, then not only can you gat a loan, but the rates would not be nearly as high. Then get a 3 year loan, and when that time is over, and the loan starts to adjust, refinance into a better rate program.

Charles

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.