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:
Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route
Emma Dill
-
Apr 22, 2024
|
|
Severe Weather Postpones Trump Rally In Wilmington
Emma Dill
-
Apr 20, 2024
|
|
Will NC Be CNBC's Three-time Top State For Business?
Audrey Elsberry
-
Apr 22, 2024
|
Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...
Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....
Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.