bankruptcies: Buying a Home After Extenuating Circumstances: Get Started Early - 10/05/15 05:09 AM
Buying a Home After Extenuating Circumstances: 
Get Started Early     
     Presently there are many people that previously suffered a Short Sale, Bankruptcy, or Foreclosure during the housing crisis becoming eligible to purchase a home once again ...

     The waiting periods surrounding each financial hardship varies, depending upon the mortgage program being utilized for the new purchase.  
     The waiting periods can range from:

     2 years (Conventional Loans AFTER Extenuating Circumstances)  2 years for VA Loans  3 Years for FHA Loans    year ... if meeting FHA's Back-To-Work Program Parameters (extremely rare cases) … (51 comments)

bankruptcies: The Hidden Truths Within Bankruptcy Filings - 10/20/14 10:38 AM
The Hidden Truths Within Bankruptcy Filings

     We've arrived at an unique point in the world of home buying and financing.  It comes on the heels of several years of financial hardships, unprecedented foreclosures, and job losses.    
      These challenges faced have often lead to the filing of Bankruptcy.  What's been contained, or included, in these Bankruptcy filings, are referred to as "Schedules".
     First of all, let's understand the "layers" and the timelines involved in a Bankruptcy. 
     First, there is a:  Filing Date.  
     That is followed by a:  Discharge Date, a date that's usually a few months after the Filing. 

bankruptcies: NOW May Be the Time For Changes To Be Made to the Equation for Credit Scoring ... - 07/11/10 09:13 AM
     For many reasons, more and more often I am talking to those wishing to become home buyers that simply ... and I'll be kind ... have challenging credit histories to work with.  Whether through problems of their own making, or as a result of the housing and financing crisis, many people simply do not have credit scores that even begin to allow them to think about purchasing a home anytime soon. 
    And, if that is the case ... maybe, just maybe ... we need to start thinking about the long term ramifications of this situation for the individual ... … (20 comments)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) Rainmaker large

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280

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