myhelpfullender-I went to another Mtg company to have them try to do a "rescue" and the underwritting team said no to the loan right off the bat, without even pulling my credit because the deed was not transfered until 3/15 even though the BK was in 10, and foreclosre started in 2012. Luckily the builder agreed to do a lease to own with me, so I will not be out on the street! They said they could probably do the loan in 1 more year. If you want to send me email or contact info, I would be happy to talk to you. I would much rather own my property than rent... :-D
After shooting emails and letters to everyone that anyone had ever mentioned on here, we got the call today from Washington D.C that our Caivers is CLEAR!!! WHOOT WHOOT. We are one step closer to our closing date of July 11th!
He is my story, not sure if CAIVRS removal is right for me.
Foreclosure started 3-5-12, when I got the letter, I started my Chapter 7 bankruptcy, it was discharged (with the mortgage included) on 8/14/12. I moved out after the discharge, and the house was sold on 3/17/16.
Would I stand a chance? Is that enough info to make a decision?
I went through this last year and was able to get a VA mortgage in October. We decided to do a VA Refinance for low rates and were supposed to close on Monday. The lender drops CAIVRS on me 2 biz days before closing and since that time I've been going through the whole process I did last time! I thought once cleared, all is well but apparently not true. Today I was told the bank has closed my application and refuses to work with me even though my request has been escalated for a new "Determination Letter" with HUD. QUESTION: Does this sound right? I just noticed another post with HUD reference that mentions something about streamlines not requiring CAIVRS. Anybody out there know?
"Are there any exceptions that would allow a new FHA-insured mortgage for borrowers reported in the Credit Alert Verification Reporting System (CAIVRS)?