Broker, Lightning Realty
Phone/Text: (813) 766-1501
If you had late payments in the 12 mo. leading up to a SS, you'll need to put a Min. of 25% down, BEST CASE
Buying now youâ€™ll be on your way to accomplishing this:
1. Purchasing now before prices get too much higher, recovering lost equity in prior home
2. Purchase a $300k Florida Property that was likely once approx.. $400,000
3. Re-Establishing your credit quickly, in effort to then refi asap while rates are still low into a NON FHA loan (without 1.75% FHA MIP and monthly MI)
4. Retain as much income possible thru Interest Write Off / Tax Savings during the time youâ€™re re-establish credit
5. Move once vs. multiple times as renters
6. Quality of life of owning your own home
7. Obtaining Tax Free home equity as prices go back up.
1. Rent for 3 or 4 years while rates home prices increase, missing out on Tax Free appreciation and low rates
2. No Interest Tax Write off, pay more to the IRS from income while paying increasing rent
3. Miss out on re-establishing good Mortgage Credit
4. Become like a Nomad, dealing with the all the hassles and costs of moving multiple times
At least there is a little hope. We unfortunately fell in between the red tape in BOA and Country Wide.
It took almost four years and the involvement of a political figure to settle the SS in July of this year.
Other banks to include BOA should make exceptions to certain cases????
I guess we will be doing further research and explore finance options if available to us.
Kaye Realty, Inc.
Direct- 239 777-7815
Short Sale Forgiveness Programs are now available in FL for those who have recently gone through a Short Sale. These programs allow borrowers to Re-Establish Mortgage Credit quickly, Recover lost equity by purchasing at these low prices and take advantage of Interest Write off Savings too!
80% LTV-Stated Income Alt
80% LTV-FIX nâ€™ FLIP Invest. Prop. â€“ No min. credit score!
75% LTV-Stated Income Alt to Mega Jumbo
75% LTV-Foreign Nationals-Stated Income Alt to Super Jumbo
75% CLTV-NEW- after Short Sale, BK or Foreclosure to Super Jumbo
70% LTV-Soft and Hard Money-Stated Income Alt to Super Jumbo
Contact me 24/7, I actually return calls and emails.
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps