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If your bankruptcy was discharged a few months ago can you sell your house to a real estate broker before the trustee sale?
Wiki User
∙ 8y ago
If the house was forfeited in the BK, instead of a reaffirmation agreement with the lender..NO!
Wiki User
∙ 8y ago
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Can a real estate broker file bankruptcy?
Of course
You have been in chapter 7 bankruptcy for 5 years the house needs major surgery Are there anyplaces to go for an equity loan And what happens if you leave the house?
Discharged for 5 yrs? Alot of companies will do an equity loan after chp. 7 has been discharged, check with a mortgage broker they have alot of diff. lenders to work with and should know who has the best rates for your situation.
How do I go about cashing in my municipal bonds?
You can either take your bonds to a broker or dealer or send them to the trustee who's name appears on them.
Your Ch 7 bankruptcy was discharged 10 weeks ago and you have a large balloon payment due on your equity in less than a year and are unable to pay the balloon payment can we get financing for this?
You will probably not be able to find someone to finance you for this. You may find a high interest loan broker to lend you money in the short term or a collateral type of loan.
How long do you have to wait after declaring bankruptcy to get a mortgage?
I am a Mortgage Loan Consultant and I have made it my area of expertise in working with people with bankruptcies, bad credit, and foreclosures. Firstly you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter 7 a day after discharge. A chapter 13 can also be refinanced before discharge since it's on a payment plan for 3-5 years from filing date. You can get a chapter 13 refinance as little as 12 months from filing, not discharge and you can payoff your chapter 13 in the process if you have enough equity in your home. There are major differences between a chapter 13 and chapter 7 refinance but that is for your mortgage broker to be aware of. I work in conjunction with a mortgage broker who is able to get financing for people 12 months out of bankruptcy. I filed bankruptcy in august of 03 and here it is may of 04. I raised my credit scores higher than they were before i filed bankruptcy, but they are still too low. You will only get a mortgage for 70-80% (20-30%down) if you only wait a year. If you wait until it is discharged for 2 years, you will save a ton of money on the downpayment AND on interest. After you file bankruptcy, you need to write letters to everyone you were discharged, so they put on there that you have a zero balance. Keep track of all of this. It is very stressful, but it works. There are several sub-prime mortgage companies who will lend to borrowers one day out of bankruptcy (one day after your discharge).
How soon can you refinance after bankruptcy?
I can finance you one day out of bankruptcy....of course you will pay a much higher rate than those with good credit. After two years you can begin to get more favorable rates (through a knowledgeable mortgage broker, not a mortgage company). Contact me at gkinney@sedonafunding.com Depending on the type of Bankruptcy, you may be able to refinance as soon as it is discharged. If you filed a Chapter 13 bankruptcy, you have a better chance at getting financing than if you filed Chapter 7. Of course, with over 700 lenders at our disposal, we can probably get you financing either way. Call Allied Home Mortgage Capital...281-684-8580 and let's see what we can do for you.
Can you keep Life insurance in bankruptcy?
The BK itself is not a reason that insurance would be unavailable. You will be able to buy insurance but you may be limited on your options and the amount you buy. I suggest working with a knowledgable broker or agent.
Online Broker?
form_title=Hire an Online Broker form_header=An online broker can help manage your funds. Have you ever used an online broker service before?= () Yes () No What is the approximate amount of funds you have or plan to have invested?=_ What features do you want from the online broker?=_
Do you have to insure your car before selling it?
No. But speak to your broker
Is it necessary to wait until your Chapter 13 bankruptcy is discharged to refinance your home?
We are about 6 months from being discharged(Approx $5K balance). We have been in BK since January 2001. Our home has been refinanced in 1997 and in 1999 trying to use debt consolidation (obviously which didn't work). The loan currently is a 10.75% ARM. No you can refinance right now. You can refinance now if you there is equity in your home to do so. It is very important to know that only the very few in the mortgage broker business know how to do this loan successfully. First ask do they have special access to court records #2 do they understand the court system and how to work with the trustee and the attorney. Then who ever helps you must know the proper lenders to go to for you and third make sure their fees are reasonable. Here is a site to go to for more answers www.chapter13refinancing.com
What is When selling your stock the broker will deduct before passing the money on to you?
that's a commission
How can you sue your stock broker for unsuitable investments?
You would need to carefully read the contract between you and your broker. Generally, you would have to prove that your broker was professionally neglient or defrauded or misrepresented. I suspect your broker has a clause which warns you that the nature of financial investing is risky and that investments can go down as well as up. In short your broker does not guarantee profits. If you are convinced your broker was neglient etc. You can file a small claims at your local courthouse-this is $2,500 to $5,000. If the amount exceeds this then you have to file differently and you will almost certainly get involved with lawyers. I would offer the opinion that you would have a very difficult case to prove, and even if you did prove it you would be unlikely to be paid a substantial judgment-a broker would more than likely file bankruptcy protection.
