Credit Reports

Can you re-fi your primary home after losing an investment property to forclosure?


Top Answer
User Avatar
Wiki User
2009-04-23 15:26:49
2009-04-23 15:26:49

Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.


Related Questions

Foreclosure results in the buyer losing the property.

Some common questions are: # Risk profile - Chances of losing the investment # Returns on Investment # Investment Tenure # Reputation of the investment house # etc...

You need to explain why a life estate holder is on the verge of losing the property and why you call yourself the heir.

It's a client's willingness to trade higher rates of return on an investment for the risk of losing part or all of their capital investment.

Metals have the property of losing electrons to form cations. Metals are basic in nature.

Yes, she did in 2008, losing the primary to Barack Obama, and again in 2016, losing the general election to Donald Trump.

Yes and no. It's value will appreciate if it's in good condition. But you will be losing money overall on maintenance.

Being "stuck" in a predicament relating to money. For an example, making an investment that fails (losing money) or being in debt.

Generally, losing something is not the same as malicious destruction of property. In order to prove that someone maliciously destroyed property the remains of the property having been destroyed is normally presented as evidence of such destruction. The misplacement or loss of something would be considered more of an accident -- something for which you could be sued in civil court, but probably not prosecuted for in criminal court.

Someone might be advised against having a structured settlement investment because there is no guarantee of a positive return. You could end up losing money or breaking even.

A lis pendens means that there is a lawsuit pending against the owners of the property, and that the outcome of that lawsuit may affect title to the property. Anyone who buys a property subject to a lis pendens risks losing all or part of the property, depending on the outcome of the lawsuit.

You are always at greater risk of losing your children than if you had stayed married. But in a lot of states marital infidelity does not factor into who becomes the primary or sole custodian of the children.

You give over a piece of property and get a low amount of money on loan. They usually have a very high interest rate and you may end up losing your property.

They were losing their territory. Guam, Puerto Rico, and the Philippines were taken from Western European rule in 1898.

What comes out from your butt after taking laxatives is poop and water, not fat.

They act on the large intestine rather than the small intestine

If we were people would be gradually losing realestate every year. Which would suck for property values. In summary ... No.

Investments in certain instruments are risky because there are chances that the value of our investment amount may go down.Ex: If we have invested in the stock marketand suddenly the market crashes due to global economic situations we may end up losing all or part of our investment.

Imagine that you have just been made privvy to a wonderful investment opportunity but do not have the funds necessary to complete the transaction on your own; what do you do? Investment property loans were created for this very purpose. This type of loan is secured to purchase a property for investment purposes. Often, this property is purchased with the intention of using it as a rental property or similar investment. It is difficult to find homeowners with the secured funds to seal the deal without a loan, so potential buyers look elsewhere. Typically, the investment loan is paid off by renting the property out and using a portion of the rent money for the loan payment. In this economy, the housing market is tailored toward buyers. Homes are becoming more and more affordable and often sold for under their real values. Here are some things to consider when securing an investment loan: 1. Affordability -- Focus on how you will be paying for the investment loan payments. Go back and check over your credit score, clean it up if you can; you will need a clean credit report if you want the best loan terms that are available. Look at your financial situation as it stands and obligations that you already have. If you are planning on renting the property out to cover the payments, prepare for the worst: there may be a lull where you are not receiving money from tenants. You want to avoid the house going into foreclosure and losing all the money that you have put into the investment, including still being liable for the remaining balance on the loan. 2. Down Payment -- To even get approved for an investment loan, you have to meet the down payment standards at 20% of the loans total cost. Previously, the housing market required this; the booming industry saw it become more lenient and turn into more of a guideline. The standard is back, and if you want a chance at an investment loan, you need to make sure that you can cover the initial costs. Always consult with a lender, even if 20% seems like an impossible feat; they may let you slide with a lower amount, but you will still be responsible for it in the long run. 3. Terms and Rates -- If you know what you can afford, you are in a good place when preparing to apply for an investment loan. Do your research and find out what terms and rates are available to you; talk to multiple lenders and get multiple quotes. You can compare and contrast these terms and rates online through designated websites like LendingTree. Do not be afraid to haggle; you can often get a better deal if you are not afraid to ask for what you want. As a consumer in this market, you have the right to pick and choose. If you don't like the terms, walk away. You can find someone who is willing to take a chance on you.

This treaty, which was harshly punative of the losing Central powers, is considered to be one of the primary causes of WW II.

Not directly. The owner of the property is responsible for paying the property taxes. However, you should understand that how much rent you pay is determined, in part, by how much property tax the owner pays. In other words, the owner needs to charge enough rent to cover his costs (taxes, maintenance, insurance, mortgage payments, etc.). Otherwise, he is losing money on the property.

Yes, it could be worthwhile (assuming the home is your primary residence) you can qualify for a "homestead exemption" allowable by state law. This will reduce your property taxes considerably. In addition, Florida is one of few states which protects your primary residence from being seized in bankruptcy proceedings. In the event that you must declare bankruptcy Florida law prevents your home from being seized as an asset, thus putting you in danger of losing it.

The Stock market is a classic choice for investment. You can also invest in Belaris Bank, there is no risk of losing it and has an annual 13 percent interest rate!

If we all knew that, we would all be rich. However, usually the investments returning the highest yields are those that carry the highest risk (of losing all you have invested).

Losing My Religion - R.E.M. Love is a Losing Game - Amy Winehouse Can't Stand Losing You - The Police Losing End (When You're On) - Neil Young & Crazy Horse Losing My Touch - Toby Keith Losing It - Rush Can't Get Used To Losing You - Andy Williams Losing Grip - Avril Lavigne Losing Sleep - Edwyn Collins Losing Myself - Will Young The Lovers Are Losing - Keane Losing You - Dead by April Losing Touch - The Killers Losing You - Dusty Springfield Am I Losing You - Jim Reeves Losing Sleep (Still, My Heart) - Vangelis Losing Hope - Jack Johnson

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.