Housing Wire
JULY 30, 2024
There were 484 specific complaints related to consumers trying to communicate with a company “to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure,” according to the database. There were 300 complaints in this segment that were specifically related to a foreclosure.
Housing Wire
OCTOBER 31, 2022
One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.
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Housing Wire
NOVEMBER 15, 2022
Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. Angel Oak’s Bank Statement loan is ideal for the self-employed.
Housing Wire
NOVEMBER 20, 2024
The new version will also change the recommendation given for an applicant with a “significant derogatory credit event,” which often includes bankruptcies, foreclosures , short sales and charge-offs of mortgage accounts.
Housing Wire
AUGUST 30, 2022
The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime.
Realty Biz
AUGUST 29, 2022
Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.
Keeping Current Matters
JUNE 10, 2021
Lehman Brothers) and many more into bankruptcy. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. It created a panic that drove some large companies out of business (ex.
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