Home Equity Loan After Bankruptcy

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Ditech emerged from its first bankruptcy filing after having previously done business under the name Walter investment management corporation. walter acquired Reverse Mortgage Solutions in 2012 and in.

It is also sometimes used mistakenly to refer to a "home equity loan." A home equity loan is different from a HELOC; it is a loan received in full, up front and paid back by fixed, scheduled payments. The HELOC in a Chapter 7 Bankruptcy . In a Chapter 7 bankruptcy, the bankruptcy trustee liquidates unsecured assets to pay creditors.

Prime Equity Mortgage – Prime Equity also offers a non-prime loan product that does not require any waiting period after a bankruptcy. This means you can apply for a mortgage through them immediately after your bankruptcy.

A home equity loan can help you meet your financial needs, usually in a less expensive fashion than a traditional loan or credit card. Getting a home equity loan after filing for bankruptcy might be a challenge, but it’s not totally impossible. Types of Equity Loans. There are two main types of home equity loans.

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Aegis Mortgage Corp., a mortgage lender controlled by private equity firm Cerberus Capital Management, on Monday filed for Chapter 11 bankruptcy protection, a week after it stopped making home loans.

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Bankruptcy is the solution of last resort when it comes to eliminating your debts, however not all debts can be eliminated, and cutting some may result in the loss of your car, your assets and even your home. If you’ve previously declared bankruptcy, it may be difficult to get another home equity loan, let alone another mortgage, but it’s not impossible.

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If you've filed for bankruptcy in the past, you might be wondering if you're eligible to take out a home equity loan. A home equity loan is typically.

Ocwen is using MSP to service both first mortgages and home equity products. 35 million active loans – more than any other in the mortgage industry. Ocwen is also using Black Knight’s default.