Saturday, April 05, 2008

Your FHA Bankruptcy Advice

Listen up all you who may or may not have a bankruptcy on your record. You can still get an fha mortgage loan with a previous bankruptcy. This is the only fha bankruptcy mortgage that you will find and it has to do with the fha mortgage lending guidlines. First check the FHAcompensating factors. Remember I said compensating factors regardless of the debt ratio.Then raise your credit score. Third, get a mortgage loan in florida. Then buy some real estate on a short sale.

This concludes and summarizes FHA rules on bankrupt borrowers.

Now that we have settled all of your bankruptcy information, let's take a look at what is happening with Bank of America and their loss mitigation department. This will surely help you with your short sale. This is a short sale bankruptcy.

If you find this information humorous and you would like to get a Florida Mortgage then perhaps you might look at real estate in florida too.



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