Home Buying in Chicago>Question Details

Ash Kumar, Home Buyer in Chicago, IL

Are there any options to obtain financing for a condo purchase at 50% LTV but I have Ch 7 bankruptcy for a year and foreclosure.?

Asked by Ash Kumar, Chicago, IL Sat Aug 17, 2013

Sufficient income and stable job. Looking to finance a condo purchase of 200K at 50% LTV but my bankruptcy is just over an year old and I have foreclosure on record. Any options to finance a condo purchase in Chicago downtown, near north or north? Thanks

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7
For mortgage help, call or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmtg.com.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.

Brad Neumann
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
Email: bneumann@myccmortgage.com
NMLS# 948036
0 votes Thank Flag Link Fri Nov 15, 2013
Try a community bank that may hold the loan in their portfolio.
0 votes Thank Flag Link Tue Aug 20, 2013
call Team | United Equity Mortgage Corp.
http://www.unitedequity.us/our-team.html‎
15+ items - Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 ...
Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 773-304-3412.
Paul Gondek Senior Loan Originator. NMLS ID 226276 773-304-3414.
You've visited this page 3 times. Last visit: 5/27/13
0 votes Thank Flag Link Mon Aug 19, 2013
Waiting period for conventional loans on #7 is 48 months & foreclosure's 7 years.
FHA will allow 2 years minimum waiting period for #7 & 3 years for foreclosures. What is the exact discharged date on the bankruptcy & foreclosure completion date?

Email me - Hshah@moonstarmortgage.com
0 votes Thank Flag Link Sun Aug 18, 2013
I do not believe you can.
0 votes Thank Flag Link Sun Aug 18, 2013
Call MATT TIERNEY - (773) 290-0365 - he's the SVP of Guaranteed Rate and the best lender in the city!
0 votes Thank Flag Link Sat Aug 17, 2013
Thank you for the reference. Will call him on Monday.
Flag Sat Aug 17, 2013
Perfect question for a lender ......
0 votes Thank Flag Link Sat Aug 17, 2013
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