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ByGustan Cho
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This ARTICLE On Updated Fannie Mae Guidelines Mortgage After Short Sale And Deed In Lieu Was UPDATED And PUBLISHED On May 20th, 2020 Fannie Mae Guidelines Mortgage After Short Sale requires a four year waiting period after the date of the short sale. A short sale is an alternative to foreclosure Short Sales is often…
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This BLOG On What Happens To Abandoned Pets Due To Foreclosure Was UPDATED And PUBLISHED On October 18th, 2019 Homeowners who have no means of keeping their home go through foreclosure. Nobody wants to lose their home Many of those who have had great jobs but are victims of the Great Depression of 2008 They…
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This BLOG On What Does Sheriffs Sale Mean In Home Foreclosures Was UPDATED On April 3rd, 2019 A sheriffs sale is the final process of foreclosure proceedings via judicial foreclosure. There are many stages in the foreclosure process that a homeowner in default goes through before the sheriff’s sale When a borrower is in default of…
ByGustan Cho
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This BLOG On How Filing Bankruptcy Affects Applying For Mortgage Versus Not Filing Was UPDATED On January 26th, 2019 Bankruptcy is a federal law that enables a person who is overwhelmed in debts to seek relief from the courts. Consumers can either discharge all of their debts or structure a repayment plan to pay their creditors….
ByGustan Cho
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Fannie Mae and Freddie Mac are the two mortgage giants that set conforming mortgage guidelines. Conventional Loans also referred to as conforming loans, are not government loan However, banks and lenders who originate and fund conforming loans need to abide and follow Fannie Mae and/or Freddie Mac guidelines in order for them to be able…
ByGustan Cho
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This BLOG On Foreclosure In Mortgage Qualification Lending Guidelines Was UPDATED On January 4th, 2019 Foreclosure In Mortgage Qualification There are mandatory waiting periods after foreclosure in mortgage qualification process on government and conventional loans. Government Loans are home loans that are guaranteed and insured by the federal government. There are three different types of government…
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This BLOG On Bankruptcy And Foreclosure Waiting Periods To Qualify For Mortgage Was UPDATED On December 6th, 2018 The mortgage industry went through a major overhaul after the 2008 Great Recession and Mortgage Meltdown. Countless of Americans lost their jobs, businesses, and most importantly, their life earned savings including the equity in their homes Bankruptcies and…
ByGustan Cho
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This BLOG On Short Sale Home Purchase Process For Illinois Home Buyers Was UPDATED On December 4th, 2018 Due to the financial and credit collapse of 2008, foreclosures rates hit an all time historical high Real estate values plummeted more than 50% or more in some areas in the United States Millions of Americans lost…
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