FORECLOSURES FALL TO PRE-HOUSING BUST LEVELS

FORECLOSURES FALL TO PRE-HOUSING BUST LEVELS

The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust. Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% … Continue reading

EVER WONDERED HOW LONG YOU MUST WAIT TO OBTAIN A NEW MORTGAGE?

The waiting period for “significant derogatory credit events” varies by both loan type and extenuating circumstances. The following is a quick synopsis by loan type of the impact of derogatory credit on your ability to obtain a new mortgage. CONVENTIONAL FINANCING … Continue reading