Short
sales are one of the most prevalent situations in the real estate market...and
a hassle for the seller for years to come....until now!
If you have prospects or clients that were subject to a short sale and are trying to buy a new home...we have the solution! We have a new portfolio program that allows a purchaser to buy property one day out of a short sale and also allows purchases 18 months out of a foreclosure!
The program involves a 5/1 ARM at very reasonable terms and requires a 30% down payment for loans up to $299,999 and 35% down payment to $450,000. Of course, there are overlays on credit score, trailing liabilities, debt to income etc. This loan is for single family owner occupied primary residences only....but there should be a large clientele out there waiting for you to share the news and help them find and finance a new home.
This is the only program of it's kind that I'm aware of and couldn't have come at a better time in this market. Let me know how I can help.
If you have prospects or clients that were subject to a short sale and are trying to buy a new home...we have the solution! We have a new portfolio program that allows a purchaser to buy property one day out of a short sale and also allows purchases 18 months out of a foreclosure!
The program involves a 5/1 ARM at very reasonable terms and requires a 30% down payment for loans up to $299,999 and 35% down payment to $450,000. Of course, there are overlays on credit score, trailing liabilities, debt to income etc. This loan is for single family owner occupied primary residences only....but there should be a large clientele out there waiting for you to share the news and help them find and finance a new home.
This is the only program of it's kind that I'm aware of and couldn't have come at a better time in this market. Let me know how I can help.
I'm
here to help you make it happen.
Keeping you informed....
Keeping you informed....
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