Credit Repair After Bankruptcy

July 16, 2010 · Posted in Improve Your Credit Score · 12 Comments 

I filed chapter 7 bankruptcy after a divorce in 2002. I then had to file chapter 13 bankruptcy in 2007 because of a foreclosure on my home. I’m one month from finishing the chapter 13. Will these bankruptcies be on my credit report for the rest of my life? What can I do to improve my credit score?

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What happens to the second mortgage when the first mortgage forecloses?

May 31, 2010 · Posted in Qualify For A Mortgage · 13 Comments 

I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.


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What happens to a second mortgage when a home is purchased at a foreclosure auction?

April 12, 2010 · Posted in Qualify For A Mortgage · 6 Comments 

I am going to bid on a house at foreclosure and it has a first mortgage and a second mortgage. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure, I will owe additional money to the second mortgage?


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