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AtlanticPacificR

29 Posts

Posted - 07/23/2008 :  09:23:40 AM
Really need to close by August 15th....

I am having a bit of a dillemma.. Security Atlantic has denied the loan with the reason being there being 1 30 day late after her BK a year and a half after she was discharged.

Borrower middle-564
Co-Borrower middle-640
FHA Purchase
97% LTV
DTI 13%/30%
Philadelphia, PA
Borrower discharged from BK over 2 years ago
190k sales price(184,300 LA)


I have seen MUCH worst then this get approved. I need to know a lender to take this file to like yesterday, i really want to close for them on the 15th. They are close child-hood friends of mine. Any and all help would greatly be appreciated!

Even if you know of a good AE that will fly this, please give me some contact info. I am desperate over here and my first place to turn is the BO.


Thanks in advance...

Bobby Cohen
lukeallison

1402 Posts

Posted - 07/23/2008 :  09:35:01 AM
Bobby-
Our retail side can underwrite down to a 500 credit score. I'll be glad to help your friends out but I'd have to run with the loan on the retail side. However, I can't make any promises. Do you have a reason for the late after BK? Call me if I can help.
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