Can my friend get a mortgage loan?

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I have a friend who owned a home three years ago but sold it because she went into foreclosure. Before she went into foreclosure she filed for bankruptcy protection. After selling the home, she paid off the bankruptcy and rented an apartment. She is now in sales making a lot of money. She has enough money to put 20% down on a 600,000 home. Will she have a problem getting a loan?

Ever get those annoying credit card applications or mortgage loan protection plans in the mail? Well I take the reply envelopes with postage paid and dump other advertisements in and mail them back (I don’t add my return address to the envelope of course). Is that being mean??
I swear in one day I dozen mails with “Urgent Reply Needed” and it was for an application I never requested or a “Way To Save Money Now!”

7 Comments
  1. Reply
    nalan
    January 29, 2011 at 5:26 pm

    ı hope dear wiht my all heart

  2. Reply
    shoegodess
    January 29, 2011 at 5:27 pm

    She will most likely be able to get a loan. But may not be a good one.

  3. Reply
    Adam S
    January 29, 2011 at 5:58 pm

    Your friend is going to pay a high interest rate, if she is approved. Many hard money lenders will do a 65% Loan to Value Mortgage irrespective of credit history.

  4. Reply
    ~Trey
    January 29, 2011 at 6:42 pm

    Hi tina,

    She can. Her interest rate would not be the prettiest.

    ~Trey

  5. Reply
    Enchanted Melody ♫
    January 29, 2011 at 7:21 pm

    lol – that’s genius!

  6. Reply
    non_moritati
    January 29, 2011 at 8:20 pm

    Hell no! Sometimes I put in old lottery tickets (after triple-checking them of course), dirty socks, pretty much whatever’s lying around that can’t be traced back to me. And even if it could…well I just don’t care!

    I’ve *heard* that you can even paste the prepaid envelope onto a parcel and they HAVE to accept it at the post office. Imagine the garbage you could put into a plastic bag-lined box…hee hee hee!

  7. Reply
    annodyne
    January 29, 2011 at 9:18 pm

    a used prophylactic or sanitary pad some small piece of food that would smell bad when rotted through the mail, like dairy, meat or fish.

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