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adubois1
695 Posts |
 Posted - 01/30/2008 : 10:02:52 AM
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603 score
Customer has had 2 Bankruptcies in the past 10 years.. They had a Ch. 13 that they filed in 9/04 and dismissed in 12/04 because of improper filings..
They immediately refiled in 2/05( 2 months) later and completed the plan satisfactory and received their discharge in 9/07.
I am looking to do a limited cashout deal.
65 ltv
full doc
o/o
sfr
Who can do this loan?
Thanks |
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kweli83110
405 Posts |
Posted - 01/30/2008 : 10:29:52 AM
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| Jesus can. |
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adubois1
695 Posts |
Posted - 01/30/2008 : 11:11:58 AM
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| and whats that number?? Or do I have to go to church and ask for a pre-qual... thanks for not helping..:( |
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Perfect Fha
516 Posts |
Posted - 01/30/2008 : 9:56:13 PM
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I should be able to do this. Need more info... Please call or email to discuss.
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topgun56
848 Posts |
Posted - 01/31/2008 : 2:33:28 PM
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*** EMAIL or CALL DIRECTLY ***
LTV: 65% Full doc
LTV: 65% Stated S/E with 12 months Bank Statements
LTV: 50% Stated/Stated
RATE: 11.5%
TERM: 2/28
PPP: 2 YEAR
** WE REPORT TO CREDIT BUREAU’S **
Dave Britton
Charter Bank A/E
Phone: (866) 733-6869
Efax: (866) 433-1504
david.britton@charterco.com
www.charter504.com
We lend in AZ, CA, CO, FL, ID, NV, OR, TX, UT & WA
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mwgreco
1212 Posts |
Posted - 01/31/2008 : 7:11:09 PM
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| Try Chase BC... They are pretty good.. Also try Accredited |
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homeownerhunter
384 Posts |
Posted - 01/31/2008 : 7:12:27 PM
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| Equifirst |
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katroberts
1482 Posts |
Posted - 01/31/2008 : 7:24:18 PM
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A dismissed BK due to not filing a Plan on time or not filing Schedules on time can be explained very easily. You said the first BK was dismissed due to improper filings, so was this borrower a pro se debtor who did not file paperwork with the Court timely, and, thus, the dismissal? A letter of explanation and backup with the Court docket and an Order showing why the case was dismissed would help. The 2nd BK was filed more than 2 years ago and completed. I don't understand why you need BC for this?
Have you run this through DU?
If you cannot go conventional, and, even with the low LTV, I would be looking at FHA for this unless, of course, you have a loan limit issue or a borrower who cannot go full doc.
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