MORTGAGE RATES DROP Las Vegas Review Journal

05.12.09

The airline said it flew 374,476 passengers during the month, compared with 313,245 in the same month a year ago.

Allegiant, which flies out of Las Vegas, Phoenix, Los Angeles, and several cities in Florida, said its number of flights increased 18.7 percent in the month.

Allegiant Air is a unit of Allegiant Travel Co.

CAMDEN, N.J.

Beal Bank, Trump fail to agree on plan for reorganization

Trump Entertainment Resorts backed a plan Thursday to let bondholders buy the company's three Atlantic City casinos out of bankruptcy and give Donald Trump a minority share.

But after weeks of talks, the bondholders and Trump still could not reach an agreement with Beal Bank. The Dallas-based bank will file a competing plan today for obtaining the company by converting its $486 million loan to the casinos into equity in the company.

Judge Judith Wizmur encouraged both sides to keep working toward a deal that would eliminate the need for her to choose between the competing plans.

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Refinance Help. Fill this form and get help!

How long after bankruptcy shall I wait to apply to refinance my mortgage?

Mar 07, 2008 by Penny | Posted in Renting & Real Estate

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!

Jeremy B | Mar 08, 2008

It sounds like you are in chapter 13 BK. Normally you have to wait until you are two years out of bankruptcy before refinancing on a conventional or fha loan. If you want any additional information pertaining to this question, feel free to shoot me an email.

Steve W | Mar 07, 2008

Sounds like you are in a Chapter 13. You can buy while in a Chapter 13 if the court approves. I would think you could refinance also with court approval. Hopefully you only want a rate reduction, not a cash out.

Lisa L | Mar 07, 2008

Of the three banks I've worked for in the last 10 years, all require discharge of a BK. Each also required at least 2 years since filing. One went by the credit score if those requiements were met, but another required 1. a GOOD reason for the BK (divorce and loss of job were not acceptable, someone needed to get sick or die), 2. NO lates or missed payments since filing, and 3. that bank didn't lose any money. I can't remember any more details about the last one. Talk to your bank, see what they do.

daeve930 | Mar 07, 2008

Lots of people think that once they’ve filed for bankruptcy they will be unable to ever get a loan again, and ultimately they are unable to do anything financial ever again. This isn’t always true, there arewill help to improve your credit history in a number of different ways.

Kristina | Mar 08, 2008

does anyone know where you can obtain a Home Mortgage refinance while in a Chapter 13 Bankruptcy?

Oct 15, 2007 by Dawn P | Posted in Personal Finance

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

Carolinahomerates.com | Oct 15, 2007

As long as you have been in bankruptcy for 12 months and have a written letter from the judge you can go FHA at any bank.

Tasha A | Oct 15, 2007

If you need help with this, I specialize in refinancing people out of chapter 13 bankruptcies as long as the bankruptcy was filed over 12 months ago- email me at dantaft@bellsouth.net if you require additional information

Mr. Mortgage | Oct 17, 2007

I want to refinance my two year fixed mortgage. I'm in a Chapter 13 bankruptcy. Any good companies for this?

Jun 25, 2008 by deoarby | Posted in Renting & Real Estate

I have been with the same mortgage company for almost four years. I started with an adjustable mortgage. After two years the rates and payments shot up. I modified with them to a two year fixed. This expires in August. Last November, I filed a Chapter 13 bankruptcy, which includes the mortgage. My attorney says to either work on another modification with the company I have, or to seek out a refinance somewhere else. Has anyone out there been in similar situations? What did you do? Any recommendations on a good company to go with?

My sister refinanced with Countrywide after filing bankruptcy. That was a few years ago so I don't know how they are now but you might call and talk to them.

angela | Jun 25, 2008

I would love to help you! However...your approval will boil down to what your home is worth & the size of loan amt. you need to pay off your mortgage & your BK. So if those all check out to be 85% loan to value & you have a fico of 580 & higher...your loan is a slam dunk!

Holly M | Jun 25, 2008

Hi,
I used "Credit Solution" to settle my debt and recover from bankruptcy.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here:
http://click.linksynergy.decenturl.com/credit-solutions-credit-consolidatio

Jennifer | Jun 28, 2008

I am looking for way to refinance mortgage asap with bankruptcy involvememt without mortgage involved?

Jul 19, 2006 by missy k | Posted in Search Engine Optimization

am currently in bankruptcy ch 7 leaving mortgage out of bankruptcy, on verge of foreclosure needing asap to find a different route so i can keep my house

Hi there,

dont worry, you have many options!!!

My name is Jason Fry, i work for Providential Bancorp, a nationwide mortgage lender.. We specialize in working with below average or poor credit, bankruptcy's, foreclosures, 100% LTV loans, High risk loans, etc.

There;s alot of information missing here to give you an accurate analisys..I suggest when you are free, give me a call, i'll gather some basic information, and let you know exactly what you qualify for..

I can help answer any questions or concerns you may have, and be able to help you KEEP YOUR HOUSE!!!

You can call me direct at 312-264-6448, or email me at jasonf@providential.com...

All the other responses i see here say your rate will be through the roof! That tells me they are limited to the amount of resources, and investors they can work with.. I guarantee i not only can help you, but i will be sure to get you into a loan that helps you!!!

Call or email me when you have a chance!

Best of luck!

Jaosn Fry
Providential Bancorp
312-264-6448

MortgageGuy | Jul 19, 2006

What State are you in? Need more details. I'm a loan officer

Blondie | Jul 19, 2006

what you can do is a bankruptcy buyout. depending on your LTV and house value you can take out another loan for the price of your house and use it to pay off your current outstanding debts. as long as you HAVE NOT gotten your notice to sale for your house then you still have time. some banks will allow up to 1 120day late payment and still be able to help you out. the rate will not be very good but at this point and time it should be the last of your concerns.

Reaper | Jul 19, 2006

Tough spot, if you have any equity you may be able to get something done. Try quicken loans they are pretty good, your rate is going to be through the roof no matter who approves you.

JDINFLA | Jul 19, 2006

Is it true that no one will refinance a mortgage immediately following a bankruptcy discharge?

Jun 10, 2008 by bless424 | Posted in Other - Business & Finance

Not even to refinance from an adjustable to a fixed?

I don't think that is necessarily true. If you did not include the mortgage on the bankruptcy and have a good history on paying the mortgage, no late payments etc. I would start with the company that currently holds your mortgage. You may have to pay a higher rate because of the bankruptcy but that does not mean that they will not refinance it.

going postal | Jun 10, 2008

Yes, with today's tighter guidelines, one will need to wait between 2-3 years before getting a home loan or refinancing. This is why it's important to get a fixed rate. One thing to note, if you're home was included in the bankruptcy, your credit may report the home as a foreclosure--in which you'll have to wait longer than 3 years.

It's a good idea to have someone pull your credit after a bankruptcy to make sure all of the accounts that were supposed to be included where, in fact, included.

I'm a licensed mortgage broker in Austin, Texas. My company is http://www.mylendingplace.com

Jon S | Jun 11, 2008

Refinancing or getting a 2nd mortgage during bankruptcy?

Jun 25, 2008 by jafco13 | Posted in Other - Business & Finance

My friend currently has an ARM mortgage and is in bankruptcy. She needs to know if there is anyway for her to get a second mortgage or to refinance the mortgage she has right now while going through bankruptcy. I told her I didn't believe she would be able until after the bankruptcy but I would check around anyway. Thanks in advance all.

Jennifer | Jun 28, 2008

How long after a discharged Chapter 7 bankruptcy can I refinance?

Jan 30, 2008 by prettycre8ive | Posted in Personal Finance

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

donald e | Jan 30, 2008

Can I Refinance my Mobile Home Mortgage after almost 1 Year into my Chapter 13 Bankruptcy Case?

Dec 11, 2006 by David B | Posted in Renting & Real Estate

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..

m2 | Dec 11, 2006

refinance home mortgage with bankruptcy.Who to contact?

Aug 24, 2008 by jeff | Posted in Personal Finance

Need to get a fixed mortgage rate

How can I get my home refinanced after filing bankruptcy about 4 yrs ago and being late on my mortgage?

Jul 20, 2007 by Mary | Posted in Personal Finance

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

bob shark | Jul 20, 2007

after bankruptcy mortgage refinance - News

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