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Re: 2 Divergent questions. Please Help.


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Posted by jm10101 (198.80.153.10) on January 16, 2003 at 11:38:53:

In Reply to: Re: 2 Divergent questions. Please Help. posted by scott on January 16, 2003 at 10:00:14:

In terms of your CR, rehabbing them is your best bet. It sounds like you have not been sued over them yet [ amazing, for that amount ], so the rehab is as simple as 12 months of consecutive voluntary payments. You need to make sure they understand that you are rehabbing.

When the rehabbing is complete, they are supposed to remove all derogatory info on the CRs and set up a conventional loan for the balance. In some cases, you may need to dispute the derogs w/ CRAs to actually get it off.

I'm happy to give you a few links, if you like.


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