Former council candidate McDilda files for bankruptcy Record-Searchlight
Landlord and former Redding City Council candidate Jim McDilda has sought bankruptcy protection from his creditors.
McDilda said the bankruptcy proceedings won’t endanger the nearly $600,000 of affordable housing loans he’s taken out through the city of Redding to help refurbish the 60 apartments he owns on Wilson Avenue in the southeast part of town.
“The bankruptcy is not going to affect the city in any way, shape or form,” McDilda said in a recent interview. “The city will continue to get the same payment, the same affordability period.”
He deferred further comment to his Folsom-based bankruptcy attorney, Mikalah Livaikis, who declined to return a phone call.
McDilda voluntarily filed for Chapter 11 reorganization for $5.7 million of business debts June 20, court records show.
He had faced a June 27 foreclosure auction of four Wilson Avenue apartment buildings for $2.8 million of outstanding debt to Five Star Bank, documents show.
How To Refinance Home After Bankruptcy
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Personal Finance : How to Refinance a Home After Bankruptcy
In order to refinance a home after bankruptcy, most lenders want to see a minimum of 24 months since the discharge of the bankruptcy. Find out how ...
How can I get my home refinanced after filing bankruptcy about 4 yrs ago and being late on my mortgage?
I was late on my mortgage for about 3 months unknowingly but have been up to date since then.
If you abuse credit, no one will give you any, or at least not without extremely high rates of interest and fees
currently in chapter13 bankruptcy can we refinance our home and the bankruptcy?
we have a mobile-home double wide looks like a modular has a 5/12 roof pitch if that makes a difference.
depends on how long ago u filed... has the bankrupcy been discharged yet? it is possible u may be able to refinance ur home but i've never heard of refinancing a bankrupcy...
usually a bank will approve u for a refinance if since the bankrupcy all ur bills have been paid on time for about 2 years. if u haven't been late on anything, have been at the same job with verifiable income, and have since established ur credit then that can sometimes help u proove that since the bankrupcy u've been able to redeem urself.
if ur still in the process of filing for bankrupcy then forget it. there's no way u will get approved unfortunately. try having someone with good credit cosign for u to help u. the way lenders look at it is that if u just filed bankrupcy because u couldnt pay ur bills, why are they going to give u let u refinance seeing as just so recently u couldnt pay bills? u see bankrupcy is a big deal especially nowadays with all the foreclosures and whatnot. Look at it this way, if u dont get approved dont be disappointed. usually filing BK can help u get back on track and ur mortgage company is willing to work with u to help u out... good luck!
if you refinance your home is that also considered bankruptcy?
I am am separated from my husband and he refinance our home in which I just found out because I was trying to get a loan from H & R block -which was denied because of bankruptcy*
j
http://www.worldbestloans.com/Mortgage%20Loan.htm
A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.
How long after bankruptcy shall I wait to apply to refinance my mortgage?
I filed for bankruptcy in 2004 and I have been paying on it for so long now that I have a chance to pay it on out. I have about a year left to go if I don't pay it on out. I want to refinance my house. If I pay my bankruptcy and my case is discharged, how long shall I wait before applying for a loan to refinance my home?
You can refi once it has been discharged since you are more than 24 months out from your filing date. You will need proof that the BK has been discharged. Once you have this, you can get what is called an Expanded Approval Loan. Lots of the big mortgage company's offer this product (Countrywide, Beneficial, GMAC...). A lot of whether you qualify for this loan will depend on whether or not you have had any deliquency or derogatory credit since your filing date. If you have paid everything on time since 04, the you are probably good to refi as soon as you get the discharge papers. If you have had credit issues since then, the it will probably take an additional 12-24 months after discharge to get a refi.
Good Luck!
http://best-loans.awardspace.com/Bankruptcy.htm
In fact one of the best ways to improve your credit rating is to refinance your home mortgage, this-->will help to improve your credit history in a number of different ways.
what mortgage can i use to refinance my home while in bankruptcy?
Me...I do both chp13 and chp7 If you have any questions you can email me at Johng@oldmerchants.com
Are there loan companies that will refinance your home while in bankruptcy?
Anything is possible but I would bet the company is going to want either court or trustee approval, which you are going to need anyway to take on more debt. Otherwise, mortgage lenders are going to want the bankruptcy discharged.
Don't even think about trying to get a loan without at least trustee approval or lying on a mortgage application because that will land you in trouble.
How long after a discharged Chapter 7 bankruptcy can I refinance?
Hi,
The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be able to refinance this year? I've heard that Ch. 7's are different from Ch. 13's in terms of the refinancing waiting time.
1 day if u have reestablished good credit, and have the equity, figure you will be lucky to get 69% of the loan to value, and if you dont have reestablished great credit in excess of 720 scores dont bother because it isnt going to happen for u
does anyone know where you can obtain a Home Mortgage refinance while in a Chapter 13 Bankruptcy?
looking to refinance my mortgage I am currently in a chapter 13 bankruptcy have been paying my mortgage and the trustee on time
you would need to have no credit lates in the last 12months to do FHA.....
FHA also allows chapter 13buyouts
Are there any programs out there where I can refinance my home while in chapter 13 bankruptcy?
You can refinance your home only if you're planning on buying out the bankruptcy. There are usually rules that say you have to be in the chapter 13 for a year, but I know programs that will allow you to do it in less as long as you have the available equity. If you'd like a free no obligation analysis you can give me a call or go to my website and fill out an application.
Can I Refinance my Mobile Home Mortgage after almost 1 Year into my Chapter 13 Bankruptcy Case?
I have managed to fall behind another 3 months, now the mortgage company (WAMU), I'm not going to mention them by name, are trying to take me back to court and have the Motion for Relief to Stay lifted so that they can go ahead with starting Foreclosure procedures. I hear, in Texas, the whole process is usually done in about 3 months. Most cases dont even make it to the Judiscial level!
why don't you start earning some money..
get a room mate..to help with expenses
i have a tent..you can buy..or a cardboard box..for free.
simply put... where/what are you going to do if you don't change this situation...
live under a bridge in a cardboard box..
move into a dumpster..
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