| Author |
Previous Topic | Next Topic |
|
gotbps
141 Posts |
 Posted - 10/25/2005 : 1:11:32 PM
|
| 480 mid, 55ltv, 12 month bank statements, self-employed, cash-out, in foreclosure. Can anyone help? |
|
|
|
CHICAGOBOY
250 Posts |
Posted - 10/25/2005 : 7:20:13 PM
|
| Peter, I am a lender who has program up to 64% LTV, unlimited cash out No-Qualifying, No-Doc, 9.9% Fixed, 30/7. What state is the property located in? How much is the property valued at? How far into the foreclosure process is your client in both months and dollars? Would a small second help to pay the back payments and any outstanding collections.Then improve the FICO to go subprime once we go over 500. |
|
|
rpmills693
13 Posts |
Posted - 10/26/2005 : 8:19:00 PM
|
Please help me. I have two loans. one foreclosure with 3X120 in last three years. 605 mid fico and 525 mid fico.
Rob Mills
American United Mortgage
(617)872-7531 |
|
|
manwithaplan
499 Posts |
Posted - 10/27/2005 : 4:04:59 PM
|
| Chicagoboy. I run across properties all day at sub 70% ltv. Looking to do a cash out at purchase will your lender do that? If so how long to close. And if NOT how much seasoning must be on the property to do you refi cashout. |
|
|
ALPHARETTA
170 Posts |
Posted - 10/28/2005 : 1:38:59 PM
|
Did you ever find help for the foreclosures? I am looking for the same type of a help. Everyone seems to only want to give 70% LTV....and that really does not help. Do you have name and contact numbers of banks that helped with your request?
quote:
Originally posted by rpmills693
Please help me. I have two loans. one foreclosure with 3X120 in last three years. 605 mid fico and 525 mid fico.
Rob Mills
American United Mortgage
(617)872-7531
|
|
|
schultz.fir
895 Posts |
Posted - 10/31/2005 : 10:22:04 PM
|
Look at Darrin's Lender list under "files". Also, check out Novastar. They'll do it at "space normal" rates as long as you can show that the BK is being paid on time. They may balk at the 480 FICO, though so be prepared to come up with a good reason for the low FICO. I would look at Darrin's list for the BK buyout and the under 500 FICO scenarios.
To be added to the BK buyout section: Centex, Delta, Fin'l Enterprises
To be added to the Under 500: Fin'l Enterprises, Budget Finance, Emeral Bay, xllending.com, sub500mortgage.com, Old Merchants Mortgage, ccap.net, americanhometrust.com, & eloansolutions@yahoo.com |
|
|
rescuefunding
169 Posts |
Posted - 11/01/2005 : 12:20:10 PM
|
I Have a HELOC that is ideal for
Defaults/ Foreclosure, Bad credit, no credit, BK, Mortgage Lates ALL OK!
No FICO Score Required
Extremely Flexible Stated Income
No Prepayment Penalty on any of our loans
Cash out at funding option
Low Interest only monthly payments
Upon making the first two payments on time the interest rate drops 2 points thus lowering the monthly payment
Will go up to 75% LTV Not CLTV!
Funds in as little as 14 days
Ideal for foreclosure bailouts, but also a great loan for people who can't qualify elsewhere
Will pay mortgage up to date plus all foreclosure costs
borrower receives a minimum $10,000 in his credit line reserve
available 30 days after the loan funds
HELOC works just like a credit card borrower pays only for the amount uses the amount they do not use remains at their disposal but they are not being charged anything on it!
If borrower pays more than the interest only payment a month the credit line replenishes and the available credit limit adjusts to a higher amount.
Will lend anywhere in the United States some states may subject to lower LTV and or other qualifications requirements. Any loan out of the state of California was a minimum loan amount requirement of $150,000.
Will also do the following loans with the same or similar easy qualification structure:
Construction
Commercial
Manufactured homes
Straight 2nd's
1st Mortgages
and Various Other Hard to find loans
Give me a call we will go over your scenario
Contact Jerry Miramontes at
quickfixfunding@verizon.net
or try to catch me in the office at 562-945-7753 ext. 249 If Im not there try my cell phone at 562-324-0105 or just e-mail me at quickfixfunding@verizon.net |
|
|
| |
Previous Topic | Next Topic |
|
|
|
