@StartingOver10 wrote:
@JBB529 wrote:
Here's the rest of it.
05/19/201405/06/201405/06/201405/01/201405/01/201404/28/201404/22/201404/10/201404/02/201404/02/201403/25/201403/18/201403/18/201403/18/201411/19/201311/08/201311/08/201310/28/201310/28/201310/28/201310/17/201310/17/201310/09/201310/04/201310/04/201310/04/2013
| | | CERTIFICATE OF NO DISBURSEMENT |
| | | JUDICIAL ONLINE SALE (10:00 AM) (Judicial Officer ONLINE SALE, JUDICIAL) REC VER |
| | | CERTIFICATE OF SALE BANK OF AMERICA |
| | | CASE REOPENED |
| | | PLAINTIFF'S MOTION TO CANCEL FORECLOSURE SALE AND RESCHEDULE |
| | | PUBLISHER'S AFFIDAVIT NOTICE OF SALE |
| | | PUBLISHER'S AFFIDAVIT NOTICE OF SALE INCORRECT LEGAL |
| | | NOTICE OF SALE |
| | | CORRESPONDENCE TO COURT RE: PROPOSED ORDER RCVD BY CT 032414 |
| | | ORDER RESCHED ONLINE SALE 050614 10:00 |
| | | CASE REOPENED |
| | | PLTF/PET'S MOTION TO RESET/RESCHEDULE FORECLOSURE SALE |
| | | EXHIBIT (A) ORDER GRANTING DISCHARGE OF DEBTOR |
| | | NOTICE OF FILING ORDER GRANTING DISCHARGE OF DEBTOR |
| | | CANCELED JUDICIAL ONLINE SALE (10:00 AM) (Judicial Officer ONLINE SALE, JUDICIAL) ORDER FROM COURT REC |
| | | ORDER CANCELLING FORECLOSURE SALE |
| | | CORRESPONDENCE TO COURT RE: PROPOSED ORDER |
| | | NOTICE OF FILING CHAPTER 7 BANKRUPTCY PETITION |
| | | PLAINTIFF'S MOTION TO CANCEL FORECLOSURE SALE |
| | | EXHIBIT (A) UNITED STATES BANKRUPTCY PETITION |
| | | ORDER CANCELLING FORECLOSURE SALE AND RESET SALE 111913 |
| | | CORRESPONDENCE TO COURT RE: PROPOSED ORDER |
| | | CANCELED JUDICIAL ONLINE SALE (10:00 AM) (Judicial Officer ONLINE SALE, JUDICIAL) OTHER REC |
| | | CASE REOPENED |
| | | PLAINTIFF'S MOTION TO CANCEL FORECLOSURE SALE |
| | | NOTICE OF SALE |
Ok, there is lots of information here, but this is what you need to know.
When you surrender your home in Bk, the lender still has to go through the f/c process to remove the mortgage lien. Some lenders are much, much slower than others. Since you received a Bk discharge with the mortgage debt included in the Bk, you are not responsible for the repayment of the loan personally. The bank can not "update" their reporting of the tradeline. They must report it at IIB and zero balance. Even if the f/c is years later.
There have been recent changes to Fannie Mae's policy (not FHAs) for allowing new mortgages using the Bk discharge date rather than the f/c date. Here is a thread that discusses it in more detail http://ficoforums.myfico.com/t5/Mortgage-Loans/BIG-changes-to-Fannie-Mae-s-policy-regarding-mortgage...
A lender can totally ignore the changes if they so choose - they can have more strict guidelines than what Fannie allows.
FHA will allow a new mortgage 2 years from the Bk discharge date and 3 years from the f/c sale date, whichever is later. There are exceptions for extenuating circumstances (rare and hard to get) and naturally the 1 year Back to Work program, also with difficult to prove criteria. The BTW program is possible, just not probable. There are even people right on this board that have received a new mortgage under the program (check EZ's posts).
I would say that you need to correct the TL on your CR first. Then you will need to consult with several lenders to see under which program you best qualify.
Isn't this basically saying that I'll have to wait 4 years for a fannie mae loan after my BK 7? That would put me a year later than if I obtained an FHA loan. I must be reading it wrong?
