Real estate blog entries tagged with bankruptcy by Paul Luykx (LX Financial LLC)

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Home : Blogs : Paul Luykx : Mortgage Update : Tag "bankruptcy"

bankruptcy: REO financing - Lending criteria - Mortgages after bankruptcy - 11/14/11 12:43 PM

All the money is being made in REOs at the moment. Lower risk than securities, and great cash on cash returns. You can buy them, or finance them at <50% loan to value. To add yourself to the mailing list for opportunities go here. /// This week a quick review of mortgages after bankruptcy. In short, the waiting period for FHA is 24 months, and for Conventional 48 months. See below. Next week: Waiting periods following foreclosure, short sale, or modification. /// Rates are still near record lows, but underwriting criteria are becoming tougher: Higher Fico requirements and rental revenue exclusions from … (0 comments)

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Paul Luykx

Jersey City, NJ

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LX Financial LLC

Address: 1 Harborside Place #749, Jersey City, NJ, 07311

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