Updates, Guidance, Solutions & News on House Repossession

Posts Tagged ‘credit’


How much does your credit score improve when a car repossession comes off?

Saturday, September 4th, 2010

my credit score was in the high 500′s a couple of months ago. last month a car repo was removed from my report, but i dont know the score. does anyone have an idea how much my score should have improved? im trying to buy a house and need a 620.

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Friday, August 27th, 2010

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Housing Bonds Shows Foreign Demand No Anomaly: Canada Credit

Thursday, August 19th, 2010

Housing Bonds Shows Foreign Demand No Anomaly: Canada Credit
Foreigners bought a record share of Canada Housing Trust’s C$2.25 billion ($2.2 billion) bond sale, ratifying a report this week that showed international investors can’t get enough Canadian debt.

Read more on BusinessWeek

Buffett defends credit agencies for missing housing bubble

Wednesday, June 2nd, 2010

Buffett defends credit agencies for missing housing bubble
Billionaire investor Warren Buffett today defended credit rating agencies that gave overly positive grades to mortgage-related investments before the housing bust, saying the agencies were among many who missed warnings signs of the crisis.

Read more on Richmond Times-Dispatch

How can you build up your credit after a repossession?

Tuesday, April 20th, 2010

I know a repossession has a negative affect on your credit score, but can you request a lesser penalty on your credit report from the credit union? I just learned about charge-offs, is that better or worse on your credit score than a repossession? My boyfriend got a repossession recently and we are going to work to build up his credit in the next couple years so we can get married and hopefully purchase a house or condo. What would be the best way to raise his score in the next 18-24 months. I know the repossession will probably be on his credit for at least 5 years but is there anything we can do to better our chances to get qualified for home loan?

First-Time Home Buyer Credit Helping Housing Market

Wednesday, April 14th, 2010

First-Time Home Buyer Credit Helping Housing Market
BellaRose Dolores just purchased her first home in Ewa Beach . And she did it with the help of the first-time home buyer’s tax credit. “My brother just purchased a home too so he told me that I should get it now so I can get a credit for the first time home buyer,” said Dolores.

Read more on KHON 2 Honolulu

Credit Advice Needed! Repossession/Foreclosure!?

Monday, April 12th, 2010

Ok it’s been 3 months since I was laid off. It was a forced lay off and I didn’t have enough time in to stay due to my seniority. I’ve been avidly looking for a job so everyone who says to get a job- I’m tryin.

My question is- I’m 21 years old, bought a house a little over a year a go- and 9 months ago I bought a brand new car. I don’t want to ruin my credit score, but I can’t afford my car, and can barely make by with my house. If I sell the car- I won’t get what I owe on it. But I do have about $25,000 in equity in my house. How can I save myself from a repossession/ foreclosure.

Home buyers tax credit helps spur Knoxville housing market?

Tuesday, April 6th, 2010

Home buyers tax credit helps spur Knoxville housing market?
New numbers show an increase in Knoxville real estate sales. More buyers may be taking advantage of the home buyers tax credit before time runs out.

Read more on WATE 6 Knoxville

How will a voluntary repossession affect my credit?

Saturday, March 27th, 2010

I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper, and now on autotrader with no luck so far. I have a new car myself that I am also paying on. I don’t need two cars and I can’t afford to keep paying for two vehicles. How will a voluntary repossession affect my credit since I am paying for another vehicle? Will it repair itself as long as I am paying on another car? I know that the bank will auction the car. If I pay the deficiency, will the repossession still go on my credit? I have very good credit and I really don’t want to ruin it, which is why I’ve paid on the car for this long. I am in the market to buy a house. Will a repossession affect my getting a home loan?

Can you get a loan for a house with an automobile repossession on your credit?

Monday, March 22nd, 2010
 
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