9
Nov 10
Need Chapter 7 Buyout @80% LTV
Hello everyone! Have another dilemma. need a lender to buyout a Chapter 7 BK my borrower is going through. Need $24k on $32K value condo (80%) w/$10K cashout to payoff BK trustee and discharge BK. Due to death of husband and auto accident (reasons for BK). No other debt. 630 credit score. Fixed income (SSI) but ratios are good. Great payment history. Just an unfortunate situation. Any lenders that can do this one in Indiana? Thanks for your help.
I think you mean chapter 13. Chapter 7′s need to be discharged before closing///they are usually very quick and it’s not like the 13 which is a payment plan you can pay off. If this is the case, Delta Funding would do this.