I could not resist to re-blog this!
To be successful in a life, do not look at the problem or question. Look at what you can do, find the answer and say 'Bring It On' - as Joe Petrowsky does in this re-blog.
“I Have Another Tough One for You”
Bring it on! I don’t care if the loan is considered tough by many. I love the challenge just the same.
Divorces bring a steady source of mortgage business and fortunately for me, many attorneys send me business in all 8 states I do mortgages in. It is so much easier to get the lowdown about the situation even before the divorce has been completed.
Attorneys have realized that when they’re dealing with a divorcing couple when a mortgage will be needed, it is best to get a mortgage broker involved earlier rather than later.
We just completed a loan that has taken nearly a year. This couple got divorced and the decree was a real mess. There was a lot of language about each party holding the other harmless for certain obligations, so often this creates all kinds of problems.
The person that was currently in the home was not on the mortgage. But they originally put up the down payment of $90,000 and prior to them being responsible for the payments on the mortgage, the payment was late pretty regularly, a big problem. A car loan that was in both names, again constantly late and the person in the home had 12 months to refinance with all these credit issues going on.
The attorney that drafted the divorce documents called and asked for help. It took nearly a year to make it all work. When I started the mid-credit score was 504, when we closed it was a 566.
When the attorney called saying, “I have another tough one for you”, I couldn’t wait to hear what miracle I was being asked to solve. No matter the case, bring them on. I love a good challenge.
Image courtesy of Jesadaphorn/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
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