Do I qualify for a home loan?
I am pretty sure I don’t, but I need to know. If I do qualify, I’m looking into buying a foreclosure home.
I’m 19, a full time student, my credit score is 718, I have no bankruptcy or any other loan on my file. I have a steady job, but I am technically a low income resident, here in California. (I make $440 monthly, w/out bonuses and overtime) But what I planned to do was to rent out any spare rooms to friends or people who need a place to stay so I can cover all the bills without needing to get a second job. I have a Discover credit card and I was approved for 3 tmobile lines, if that helps any. I just got that credit card and 3 lines last month though, on November 10th. My credit score was 0 on Dec 1 and today its 718.
I don’t qualify, do I? =/
I dunno, is there is any other information I need to put in? Just ask and I’ll tell.
No, you don’t. You couldn’t possibly afford mortgage payments, taxes, and PMI on an income of only $440 per month.
Bankruptcy reform will help the foreclosure crisis
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Stop Foreclosure Now $15.98 Foreclosure is not the end of the world – or even the end of your home, necessarily. First, know that you’re not alone. Foreclosures affect all kinds of people and all kinds of properties. Like many people faced with foreclosure, you may feel helpless, hopeless, and resigned to giving up your house without trying to save it. If so, cheer up! You actually have some good, solid options to take control of the situation, avoid foreclosure proceedings, and even protect your credit. Depending on which option you choose, Stop Foreclosure Now will help you: * decide whether your property is really worth saving * figure out how much time you have to respond * negotiate with your lender * use the courts to stop the foreclosure * decide whether bankruptcy is a good option * arrange to refinance your property * sell your property quickly Includes all the necessary forms and step-by-step instructions. |
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Foreclosed Dreams: A Homeowner’s Guide to Foreclosure $17.99 The indispensable book for homeowners facing foreclosure. Topics include short sales, deeds in lieu, negotiating with lender, mechanics of foreclosure, impact on credit, and applicability of bankruptcy. The foreclosure laws of every state are covered. This timely book is a guide for homeowners seeking information about foreclosure. Mr. Thompson says, Many books and websites are dedicated to real estate investors seeking to make money on foreclosed homes. Those books teach investors how to make money off your unfortunate circumstances, but don’t address your situation. I wrote Foreclosed Dreams specifically for the delinquent homeowner who needs to know what options are available. Thompson is a California Attorney and Real Estate Broker. He holds degrees from Willamette and Stanford Universities. Visit Thompson’s blog at http: //www.foreclosurematters.info. |
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Chapter 13 Bankruptcy $4.48 Scared to answer the phone (or even open the mail) because you’re behind on your mortgage, taxes or other bills? Are creditors threatening foreclosure or repossession? Here’s the answer! *Get out of debt without losing your property *Stop mounting fees and interest *Design an affordable repayment plan *Stop garnishments, attachments and foreclosure *Make a new start If you’re at risk of losing property, or if you have overwhelming debts that can’t be eliminated in Chapter 7 bankruptcy, Chapter 13 can offer a solution. It enables you to reorganize your debts into a repayment plan you can afford, without losing any property. In this compassionate and comprehensive guide, personal finance experts Robin Leonard takes you through the entire Chapter 13 process, step by step, and shows you how to: *determine if you qualify for Chapter 13 bankruptcy *calculate the total amount of your debts and income *complete the official bankruptcy forms *devise a Chapter 13 repayment plan *file your forms with the bankruptcy court *stop a house foreclosure, make up missed mortgage payments and get back on track *pay off your tax debt *pay off your student loan, child support or alimony arrears *modify your plan when problems come up *represent yourself in bankruptcy court *deal with unexpected changes such as new debt, missed payments, loss of income The 6th edition is completely revised and updated — it provides the latest legal documents and provides current bankruptcy-exemption laws for your state. Whether you work with a lawyer or file on your own, you’ll find the information you need to take charge of your debts in Chapter 13 Bankruptcy. This book covers bankruptcies that seek repayment of personal debt under Chapter 13 of the U.S. Bankruptcy code. It does not cover cancellation of debt (Chapter 7) or business or farm bankruptcies. For Individual Chapter 7 bankruptcy, see Nolo’s How to File for Chapter 7 Bankruptcy. |
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Foreclosure: $10.81 Foreclosure: |
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A Treatise on Federal Practice, Civil and Criminal; Including Practice in Bankruptcy, Admiralty, Patent Cases, Foreclosure of Railway $86.7 The book has no illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher’’s website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Title: A Treatise on Federal Practice, Civil and Criminal: Including Practice in Bankruptcy, Admiralty, Patent Cases, Foreclosure of Railway Mortgages, Suits Upon Claims Against the United States, Proceedings Before the Interstate Commerce Commission and the Federal Trade Commission, Equity Pleading and Practice, Receivers and Injunctions in the State Courts; Original Publisher: Chicago: Callaghan; Publication date: 1920; Subjects: Courts; Equity pleading and procedure; Law / General; Law / Civil Procedure; Law / Courts; |
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