Fresh New Start After A Bankruptcy
Just because you filed for a Chapter 13 Bankruptcy, doesn't mean that all hope is lost.
Yes! You can obtain a Chapter 13 Refinance utilizing a Bankruptcy Buyout putting all your worries behind you.
Nobody is perfect and many homeowners file for a Chapter 13 for a variety of reasons but the bottom line is everyone deserves a second chance and a chance to get a fresh new start.
There are still many programs out there even on Government loans that can help you obtain peace of mind.
The ABC's of the Bankruptcy Buyout
- Need to have paid your Trustee on time for at least 12 months.
- You need to obtain permission from the courts to get an "OK" to refinance and buy out your remaining Bankruptcy Balance.
- Must have equity in your home to payoff your Bankruptcy balance, Closing costs and Attorney fee.
- Last step, Contact an experienced Mortgage Professional who can help guide you along the way in getting that fresh new start.
The Benefits
- Putting distance quicker from your bankruptcy discharge date to help re-establish your credit. In many cases your FICO scores can raise as much as 60 points after 6 months of your discharge.
- Savings in many cases over $500 dollars a month due to the high payment plan and list of creditors that are outstanding.
- The greatest benefit is PEACE OF MIND, not having to worry that you are still in Bankruptcy and can redirect your focus on rebuilding your credit.
If you have any additional questions regarding a Chapter 13 Bankruptcy Buyout feel free to contact me.
______________________________________________________
Just-In-Time's Loans - Mortgage Needs and Advice on Time. (757-228-3668)
Comments(4)