Скачать или смотреть Refinance and Save Money Even with a Bankruptcy

In this video, I share how refinancing your home after bankruptcy is possible even when lenders say you don't own your home anymore.

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Hi, I'm Mia Schultz and I'm a Mortgage Therapist. That means I listen to your story and help you find a solution. Back in 2013, I was working with a gentleman who was trying to refinance his house. He had gone through probably three or four lenders by the time he found me and was unable to refinance because he had a bankruptcy about four years prior to the refinance. He was being turned down because most of the lenders he was talking to were telling him that he doesn't even own the home and that he had no right to refinance it because it was included in the bankruptcy.

Unfortunately, a lot of people don't understand the laws around bankruptcy and reaffirmation and how you can still refinance and how that gentleman actually still did own his home. He had gone to all these different lenders and he was very frustrated by the time he got with us, I had taken his loan, took his application and brought it to my superiors, who also at that point thought that the loan should be thrown away.

He was actually advised to walk away from the home, let it foreclose and wait his seven year waiting period before he can buy a new property again. What the underwriters and the loan officers don't normally understand is that the loan is not reaffirmed. It is technically included and discharged in the bankruptcy, but it doesn't eliminate your ownership of a house. So this gentleman continued to pay on his mortgage. He continues to make his payments. He still, as long as he's making good on his note is never going to get foreclosed on.

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I am licensed to operate in Arizona, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Texas and Virginia and can guide you on everything that you need to know about the housing market and the home loan process to make your home buying experience easy and exciting for you!

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