Waiting Periods For a Derogatory Credit Event derogatory credit event “Derogatory credit event,” is a Fannie Mae term. This can narrow your chances of qualifying for a home loan. With the right information and some patience, you will eventually land a loan to purchase your desired house. How problematic are past events? First, let’s understand what Fannie
How to secure a mortgage after a Recent Credit Event Foreclosure, Short Sale, Bankruptcy You have passed through a negative credit event that ended with a foreclosure, short sale, bankruptcy and you think that there are a three, four or seven years waiting periods before you can get a mortgage. This is true if the financial event we
Las Vegas Housing Market Trends and Statistics Las Vegas Housing Market The hottest housing market in the country can be found in Las Vegas, Nevada. So, if you have developed desires to move to Las Vegas as your new home, you are in a long queue of others trooping into the world’s number one entertainment capital.
Solutions If You Cannot Keep Your Home STOP FORECLOSURE If you have already defaulted on your loan it doesn’t mean that you have to go through foreclosure. You have other options available to stop foreclosure. Sometimes you can keep your home by working with your lender. Even if walking away from your home is
Understand Your Options If you are late on your mortgage payment or if you haven't been able to pay your mortgage for several months in a row, your lender may consider foreclosing on your house. Regardless of the reasons why you are behind on your mortgage payments, the important thing is that you understand your options going