Many of the foreclosure programs that were put into place to help homeowners in the wake of the financial crisis of 2007 are set to expire at the end of this year. These programs were initiated in 2008 through the Making Home Affordable Act which is part of the Troubled Asset Relief Program commonly called TARP. Homeowners who could benefit from these programs are encouraged to act quickly as it is unlikely that they will be extended once these programs expire. The following programs are currently available for homeowners seeking to stave off foreclosure actions.
Filing for bankruptcy may seem like the end of the world financially. Regardless of how difficult the circumstances may seem, there is a financial life after bankruptcy. With patience and work to rebuild your financial profile, you can once again qualify for a mortgage. Here are the circumstances for which you can qualify for loans after bankruptcy.
If you have bad credit, you may find it more difficult – or even impossible – to obtain loans from traditional sources such as banks or credit unions. They’re likely to have strict cut-offs for credit scores, so if you don’t reach a certain level, you’ll be turned down for a loan. There are, however, several types of loans for people with bad credit.