Time was ticking away. I had some turnovers that day and my shot—usually reliable, sometimes infallible—just wasn’t working.
My coach pulled me aside and said, “Just get out there and go for it. The past doesn’t matter. Everybody makes mistakes, that’s why pencils have erasers.”
Needless to say, that was a moment from childhood that stuck with me, and it seems especially relevant to the new seasoning requirements for people who have faced a foreclosure, bankruptcy or short sale. People deserve a second chance sometimes, but the forgiveness is not unconditional. There are some guidelines and requirements that borrowers with a short sale, foreclosure or bankruptcy on their credit report have to meet in order to qualify for the purchase of a home or an investment property.
For some of the major lending institutions, the seasoning requirements for various types of mortgage loans available to real estate buyers and investors are:
Wilmington's $70M Office Plan Faces State Hurdle; New Hanover Seeks $25M Approval
Staff Reports
-
Jun 5, 2023
|
|
For The City Of Wilmington, A $70M Yes Or No?
Cece Nunn
-
Jun 6, 2023
|
|
Wilmington-based Pharma Firm Announces New CEO
Staff Reports
-
Jun 5, 2023
|
|
Local Mortgage Firm Joins National Platform
Jenny Callison
-
Jun 6, 2023
|
|
Soon To Debut, Block Eatz To Lend Helping Hand To Local Food Entrepreneurs
Miriah Hamrick
-
Jun 7, 2023
|
Elected officials in the Wilmington area are in the midst of examining budget proposals for the 2023 to 2024 fiscal year, which starts July...
Preserving the region’s ecosystem in the midst of rapid development just makes sense, according to Roger Shew. First, being in nature promot...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.