- Divorce
- Child SupportIf you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation
- Spousal Support
- Real Estate Transactions
- Eminent Domain
- Easement
- Land Use and Zoning
- Green Cards
- Work Visas
- Power of AttorneyDo not go out of town around your loan's closing date. If you plan to be out of town, you may want to sign a Power of Attorney.
- BankruptcyYes, generally a bankruptcy won’t preclude a borrower from obtaining a FHA Loan. Ideally, a borrower should have re-established their credit with a minimum of two credit accounts such as a car loan, or credit card. Then wait two years since the discharge of a Chapter 7 bankruptcy, or have a minimum of one year of repayment for a Chapter 13 (the borrower must seek the permission of the courts). Also, the borrower should not have any credit issues like late payments, collections, or credit charge-offs since the bankruptcy. Special exceptions can be made if a borrower has suffered through extenuating circumstances like surviving a serious medical condition, and had to declare bankruptcy because the high medical bills couldn't be paid.
- ForeclosureUnfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.
- Tax Law