Drewroninson…, Home Buyer in Port Charlotte, FL

Maryland resident looking to relocate to port Charlotte fl.

Asked by Drewroninson61, Port Charlotte, FL Wed Jun 20, 2012

In 2009 I lost my job and was foreclosed on as well as a chapter 7.im back on my feet and an looking to buy in port Charlotte.how hard will it be for me to qualify for a mortgage again.

Help the community by answering this question:


selling a well kept home in Northern part of port charlotte. 3/2 lanai/pool, on the water, dock studio.
split floor plan. See home on trulia.com. pahart96@msn.com negotiable
0 votes Thank Flag Link Mon Jul 30, 2012
Crabcakes are not the same down here, we don't have dem O'ss, no O'shan City, Merrilyn Hun and few Hair Spray hunnies!

But the loan Terms for those in your situation are very good!

see loan programs for your situation a t http://www.pro-option.com

BTW- I recently closed a $274k on a 100% No Down pymt for a Borrower currently in CH 13!
0 votes Thank Flag Link Wed Jun 27, 2012

you could have a good chance qualifying for a new mortgage, but I would more details. I am actually working on a loan for my client who also filed a BK.

Please contact me directly, if I may be of any service to you.

Best Regards,
Beate Rodriguez
Lic. Loan Originator

Cell: 954.695.4849
0 votes Thank Flag Link Wed Jun 20, 2012
It's always a great idea to speak with your lender before hand. Your lender should be able to look at your credit and tell you what steps you may need to make. However I have access to Private lenders that will offer owner financing / seller financing. You can refinance the home when you qualify.

Just remember don't take no for answer. Where there's a will, there's a way. Give me a call to discuss your options.

Jessica Coleman / Realtor
Port Charlotte, Florida 33948
Direct: (941) 249-2366
web: http://www.FlaOpenHouse.com

Are You Looking For Owner Financing, Contract For Deed, Lease Option, Seller Financing.
0 votes Thank Flag Link Wed Jun 20, 2012
Start packing!

See programs for your situation here: http://www.pro-option.com
0 votes Thank Flag Link Wed Jun 20, 2012
I agree - The first step is always to talk to a lender and find out what programs you qualify for and where you stand financially, then, that is where we step in to work with your lending needs and qualifications to find you the perfect home.

For more information, please feel free to call the Realtor of your choice to discuss your options.

Kathy Betancourt
Realtor, Re/Max Hometown Properties
12456 N Access Rd
Port Charlotte, FL 33981
Direct: 888-563-1230
Fax: 888-390-7280
0 votes Thank Flag Link Wed Jun 20, 2012
Your best bet is to contact a lender and talk to them directly, as guidelines are constantly changing. The lender themselves can only give you the advise you seek as it is out of the Realtors guidelines of practice to speak for a lender unless we are licensed in that field. We can always help assist and put you in the right direction like Tammy has below. I advise that you do make a phone call and take notes. Do not get discouraged if things do not work out immediately for you. The lenders can or will usually make a little "game plan" or "goal list" for you to get you back on track. It is up to you to follow through with their advise to prepare for the future. I have worked with people with similar situations and stayed beside them through the "turn around process" which some of them took years at a time and in the long run made it worth everything. Here is a link to other lenders in the area of Port Charlotte FL

I suggest that you call a few different people and see what the commonality is for you.

Stay positive and I sincerely wish you the best.
0 votes Thank Flag Link Wed Jun 20, 2012
Here is information from a Mortgage Lender in our area of Port Charlotte. You can contact him and he would be happy to answer your questions and let you know if you qualify. I would be happy to work with you to help you find a home in Port Charlotte. Our office is located one street over from Toledo Blade and 41 in Port Charlotte.

Qualifying for a loan:
1. Have you in the last 3 years had a Bankruptcy, Foreclosure, or a Short Sale?
Answer: If they answer yes to a Bankruptcy or a Foreclosure… then the deal is dead
for at least 3 years from the occurrence date. However...12 months on a Short Sale for
USDA loans only... FHA and Conventional it is 36 months plus on Short Sales.

2. Do you have any Credit Cards, Car Loans, or Student Loans?
If No then it’s a dead deal….they need at least 2 lines of active credit.
“If they answer Yes… then ask”…
Have you been past due on any of your Credit Cards, Car Loans, or Student Loans in the last 12 months?
Answer: If yes then it is a dead deal. If No….that's good…then send them to your mortgage professional to get pre-approved.
Joseph Morningstar
Morningstar Mortgage
941-426-STAR "7827"

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
0 votes Thank Flag Link Wed Jun 20, 2012
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