Do you mean dismissed?? or discharged?? Dismissed--you didn't do the bankruptcy and there are credit problems. You could possibly refi depending on your scores--You will need scores 500 and above and EQUITY in the property in order to refinance. Most times if the lender will refi--it is usually at 75% LTV (loan to value). In other words, the lender will only use up to 75% of the value--no more. Discharged-- usually it takes 2 years before a lender will refi the loan. Although again there are lenders that will depending on scores, downpayment money and the explanation as to what happened.
There are many lenders including FHA that you can do a refinance through after or even during a chapter 13. With FHA from the time the chapter 13 is intituted the owner of the property must make on time payments for one year. During the chapter 13 the new loan amount must equal the present payment. As for your mothers debt if the home is liened they must be payed off at closing unless you can go to court and prove the creditors had no right to lien the property. A very expensive and time consuming proposition.
You have to go to the bank that has the loan on your house. They will have you fill out a bunch of paperwork. After that they will refinance your house.
No, it does not. But there may be a change in the law allowing a "cram down" of mortgages, as there used to be in bankruptcy.
Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.
My parents have had to refinance due to the monthly payments being unreasonable for the income. Refinancing is done through the bank. They come out and evaluate how much the house is worth and suggest options on payment.
She will have to "quit-claim", come off the title of the home. An attorney will do this for you. But as soon as you refinance, she can be placed back on the title.
People refinance a house because they need money quickly. They might need money for a sudden illness, unexpected home repair or job loss. They also might refinance if the interest rates are low enough.
I f that was the main reason for filing the c. 13, you can. Make sure the lender knows about the bankruptcy and you have a refi commitment before you move to dismiss.
The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.
An individual can get a refinance mortgage on their house by applying from one. Not everyone would be accepted though because their are some qualifications.
u get a pot load of money
Typically you have to wait 2 years to apply of a homesteading loan. But have to wait a minimum of 6 months for an auto loan.