OK... I am a long time lender by trade "in my old life" and still know "my fair share" on the lending side, but Gregg Anderson of imortgage in Medford, Oregon showed me a new one.
I will fully admit to being unaware of a buyer's ability to purchase a home while in a Chapter 13 Bankruptcy. Equally important in this story is the ease with which it was done. (or it looked that way to us outsiders as Gregg has a knack for making them all seem that way.)
I was very sceptical when the offer came across on my new listing and in the details they noted that they "just needed to get approval through their bankruptcy"...
ummmm....neeed to do what??? This sounds like it is going to be a nightmare!! ...
But it was Smoooothl!!! In fact, if they hadn't disclosed what they were having to do I never would have known.
All I have to say is that there are a lot more options out there than many of us may know. There are also a lot more people that are still waiting on the sidelines to buy when if they pair up with a knowledagble lender like Gregg they can get things done that they never imagined.
Best of luck in 2013 and Thanks again to Gregg Anderson!!!
The Atlas Group
Foreclosure / REO, Short Sales, Investment Property