September 30, 2013

Tips for Choosing a Reputable Remodeling Contractor

With the number of foreclosed or bank-owned properties floating around out there, I often speak with folks who are preparing to embark on a renovation project. Unfortunately, with a rise in remodeling comes a flood of disreputable contractors looking to cash in. I do my best to protect people by providing referrals to reputable contractors, but there are plenty of people out there I don’t get a chance to talk to.

September 27, 2013

Frequently Asked Buyer Questions

How long must I wait?


  • FHA – **NEW “Back to Work” Effective 8/15/2013 allows as little as 12 months waiting period after a Chapter 7 bankruptcy discharge. In a Chapter 13, there are some circumstances that could allow a new mortgage after 12 months IN bankruptcy.
  • Conventional – 4 years after Chapter 7 bankruptcy discharge, with extenuating circumstances this may be reduced to 2 years. Chapter 13 bankruptcy is 2 years from the discharge date.
  • VA – Chapter 7 & 13 are both 2 years from the discharge date and may be reduced with extenuating circumstances
  • USDA – 3 year waiting period after Chapter 7 bankruptcy discharge, and 1 year after Chapter 13 discharge.