Who you, a Guru? After you read these 102 Bankruptcy tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Bankruptcy book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
August 22, 2008, Newsletter Issue #78: Getting A Mortgage After Bankruptcy
1
Tip of the Week
You will be able to obtain a mortgage after bankruptcy but you will have to wait a while. The usual time period for a reasonably priced mortgage is two years from discharge. Occasionally, an aggressive lender may offer a product that allows for a shorter time period from discharge, although the terms will probably not be among the best. Also, in times of rising interest rates or “tight money” periods, there will be no such choices. Another option, if you can find it, is seller financing. The seller of a home, in order to facilitate its sale or who does not have a better source of investment for the sale proceeds, may be agreeable to financing the property him/herself. They will receive earnings (through the interest rate) while still having excellent security (their former property.)
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
LifeTips is part of ideaLaunch, the hub for a group of websites offering
solutions that help clients improve mind share, market share and profit online.
