bankruptcy: Bankruptcy isn't Always the Solution....in fact, it can be really bad advice! - 01/24/12 01:59 PM
I see it all the time.  The phone call begins.  The people want to buy a home. 
THERE ARE FOUR THINGS YOU NEED TO BUY A HOME! Income Assests Credit Appraisal In 2010, the collapse always begins with issue number three....
Credit CREDIT CREDIT!!!!! You got credit issues!  So what?  Join the rest of the world!  Welcome to 2011!  We're in the post luxorious living economy!  Nothing's easy anymore.  For the record....Lending isn't easy anymore!  It just isn't.  It's hard for me to lend money.  It used to be a slam dunk.  You have a pulse, then you have a loan.  The … (4 comments)

bankruptcy: FHA & Chapter 13's.....FROM THE CHURCH LADY - 03/10/11 05:13 AM
Bankruptcies and homebuying.....
Now isn't that special?  Hmmmmmm....I know the reason why many folks can't get mortgages when they declare bankruptcy.    Hmmmmmm....maybe it's SATAN!  I just love that skit.
So, here's the gig.  Most lenders and most lending programs say that you can't buy for years if you have a bankruptcy.  Just plain and simple....BANKRUPTCIES ARE BAD for your quest for homebuying.
CHAPTER 13s and FHA CAN BE YOUR SALVATION THOUGH! HOW CAN YOU BUY UNDER A CHAPTER 13? Well, you don't have to sell your soul to the devil.  Here are the parameters for buying under a Chaper 13!
Right … (6 comments)

bankruptcy: Who Told you to Declare Bankruptcy? - 01/07/11 04:02 AM
I see it all the time.  The phone call begins.  The people want to buy a home. 
THERE ARE FOUR THINGS YOU NEED TO BUY A HOME! Income Assests Credit Appraisal In 2010, the collapse always begins with issue number three....
Credit CREDIT CREDIT!!!!! You got credit issues!  So what?  Join the rest of the world!  Welcome to 2011!  We're in the post luxorious living economy!  Nothing's easy anymore.  For the record....Lending isn't easy anymore!  It just isn't.  It's hard for me to lend money.  It used to be a slam dunk.  You have a pulse, then you have a loan.  The … (12 comments)

bankruptcy: Countrywide Steps Up to help Sub-prime fallout - 10/23/07 12:54 AM
Last night I wrote about the investigation that Angelo Mozilo at CW is undergoing for purported SEC violations.  I said that I really admire Angelo for his creative, cutting edge approach, but that he now is under the scrutiny of the SEC.  If something bad happens, then the house of cards in the mortgage industry will collapse and that the government will be all over everyone in real estate like flies on ____. 
Further, in today's paper, THE USA TODAY, specifically, the cover story in the money section supports this theory.  "Criticism Rains Down on Mortgage Industry" is a prime example … (7 comments)

 
Larry Bettag, Vice-President of National Production (Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759  Cherry Creek Mortgage NMLS #: 3001)

Larry Bettag

Vice-President of National Production

Saint Charles, IL

More about me…

Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001

Address: 40W310 LaFox Road, Saint Charles, IL, 60175

Office: (630) 524-9677

Mobile: (630) 417-7172

 1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.”
(John 14:1-4, New King James Version)

Larry Bettag

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