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Applying for mortgage – need Letter of explanation. – Applying for mortgage – need Letter of explanation 02-28-2013, 09:06 AM. Hello – My husband and I filed chapter 7 bankruptcy in 2009. We also included our home in the bankruptcy so it’s actually considered a foreclosure. We have been waiting patiently to buy another home and now is the time.
Extenuating Circumstance to Buy After Short Sale. – Extenuating Circumstance to Buy After Short Sale, Foreclosure or BK By Brad Yzermans on January 20, 2012 in Mortgage Guidelines An allowable extenuating circumstance may allow you to qualify for an FHA, VA, USDA or Conventional mortgage much sooner to buy again after experiencing a short sale, foreclosure, or bankruptcy.
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How To Write Letter Of Explanation To Mortgage Underwriters – The mortgage applicant does not have to write a disertation. Simply a few paragraph of the extenuating circumstances leading them to file bankruptcy. Some of the common acceptable letter of explanation can be that the reason for filing bankruptcy was due to the folloing: loss of a job. loss of their business.
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How do you write a debt explanation letter – Answers.com – How do you write a debt explanation letter?. How do you write a letter for explanation of bankruptcy?. sample excuse letter on debts Dear Ms. Franco RE:.
Letter of Explanation to a Lender for Filing Bankruptcy. – Letter of Explanation to a Lender for Filing Bankruptcy;. Consumers going through bankruptcy may want to write a letter to a lender for many reasons.. A lender may want to know the circumstances surrounding the debtor’s bankruptcy before it chooses to make a loan to a person. A borrower.