Cheryl Powell with Remax Executive Realty- Concord NC- Real Estate Blog

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Home : Blogs : Cheryl Powell- SFR,ABR,Broker,Realtor- Remax Executive - Concord NC Real Estate : Cheryl Powell with Remax Executive Realty- Concord NC- Real Estate Blog : Archives February, 2011

New Home Loan Waiting Periods After Bankruptcy, Short Sale, Foreclosure or Deed In Lieu of Foreclosure - 02/21/11 10:24 AM

Have you had a Bankruptcy, Foreclosure, Short Sale or Deed in Lieu of Foreclosure and are wondering how long you have to wait before you can obtain a new home loan? Here are the guidelines as of Februrary 2011, which I verified with a loan officer friend.
Of course, every rule is made to be broken and under the right circumstances of reestablished credit and an underwriter waiver/exception you may be able to qualify for a new home loan in less time than the general seasoning periods. A seasoning period, in this case, is the mortgage industry term for waiting period.
BANKRUPTCY
♦ Chapter 7- FHA & … (16 comments)

Concord NC $5,000 Downpayment Assistance Program - 02/20/11 12:28 AM

This Down Payment Assistance Program is provided through the City of Concord's Business and Neighborhood Services Division, which receives HOME Investment Partnership Funds, allocated annually through the Department of Housing and Urban Development (HUD).
Home buyers can receive a depreciating loan of up to $5,000 to put towards their down payment, prepaids, or closing costs. Applicants of this program must be a first-time homebuyer and have annual incomes that do not exceed eighty-percent (80%) of the median income of the area. If you haven't owned a home in the past 3 years, you are considered a 1st time home buyer for the purposes … (3 comments)

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Cheryl Powell- SFR,ABR,Broker,Realtor- Remax Executive - Concord NC Real Estate

Concord, NC

More about me…

RE/MAX Executive - The Powell Team

Address: 7752 Gateway Lane, Suite 204, Concord, NC , 28027

Office Phone: (704) 979-7028

Cell Phone: (704) 363-8902

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I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury & their surrounding areas. My specialties include: Resale Homes & New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs!

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