Purchase after BK

Hi Guys......Just wanted to add my 2 cents. I had horrible credit and filed Ch.13 about a year ago. I(wife and 3 small children) was just approved for a 260K purchase at 6.5%. I need 3% down which is no problem. Never thought we'd be able to get a loan this quick! And such a great deal. I have no idea how this happened but we are closing in 2 weeks. My attorney sent a letter to us about 3 months ago to see if we qualify with this bank,and we did. Their web site I spoke with Tom. They were very professional and upfront. They lend their own money,so I guess it was easier to get this loan from them. I also tried 3 brokers and was turned dowm by each of them. I guess its all in who you talk to. Just wanted to pass this along just in case anybody is in the same boat! My best to all of you...and there is light at the end of the tunnel!

Been there..................... a question........

If you were in a Chapter 13 payment plan and have only been the plan a year (yet filed for a loan after 9 months)................ where did you come up with $8 or $9K to put down as a downpayment on your loan thru this company.............. ??

Also, did the Trustee not question WHERE your downpayment came from..... and didn't you require his approval......

Am I understanding this is a new purchase and not a refi???

Was your Chapter 13 a 100% payback plan?

Something "sounds" a little too good to be true.......................

All disposable income is supposed to be paid out into your chapter 13 plan.....

We had to ask the trustee for a release from the Ch.13, after we were approved, and are using a gift for the 3% down.Im just so happy about this! I seriously didn't think it was possible to do this 13 months out.:yahoo:

Good for you Been There !! We just moved into our new home and we are only 6 months post Chapter 7 BK. We couldn't be happier !! :yahoo:

Great FSUGIRL! Isn't it a great feeling? All my best to you and your family in the future!


Minny. We asked for permission from the trustee for release. Her office asked us for a reason. We said we wanted to look into purchasing a new home. We made every payment on time. She sent our release along with our payment history to us. Found a home we loved. Applied. Got approved. Moving in next week. Whats "to good to be true"??? What am I missing?

Sounds fishy. 2+2 = 3 here.

BEEN THERE ! Best wishes to you guys too !! :)



******* GROUP HUG ***************** :tongue:

Sounds fishy. 2+2 = 3 here.


I agree. A brand new poster, all of a sudden posting about approvals from a company that no one has ever heard of?

Very strange....

ok....Just wanted to pass on what a great job that this company did for me and my family in hopes that other people coukd benefit as well. Apparently everyone is an expert here. Sorry for trying to help! Good luck paying 10% adjustable on your new loans!:blink:

ok....Just wanted to pass on what a great job that this company did for me and my family in hopes that other people coukd benefit as well. Apparently everyone is an expert here. Sorry for trying to help! Good luck paying 10% adjustable on your new loans!:blink:


Forgive me for being skeptical when the ONLY posts you have made are about this "totally wonderful and totally great mortgage company" that I have never heard hide nor hair of until today...

You're either an employee there, or you are a spammer. I find it highly suspect that you are here for any other reason than those two.

This site is very informative, but also can be very negative. Why not give "been there" the benefit of doubt, maybe what he is saying is the truth, if it isn't I am sure he will slip up sooner or later and someone will catch him in a lie.

This site is very informative, but also can be very negative. Why not give "been there" the benefit of doubt, maybe what he is saying is the truth, if it isn't I am sure he will slip up sooner or later and someone will catch him in a lie.


I have been a member of this board for a year and a half now. During that time, I have come to find that NORMALLY, when someone ONLY posts advertisements, or in an advertising manner, in their ONLY posts, that they are here to troll, spam, or advertise for themselves. If you can read the board rules, you will find that all of this is not allowed. Because this type of behavior seems to happen on a daily basis more and more often, I am loathe to give people the benefit of the doubt any longer. Sorry.

ok....Just wanted to pass on what a great job that this company did for me and my family in hopes that other people coukd benefit as well. Apparently everyone is an expert here. Sorry for trying to help! Good luck paying 10% adjustable on your new loans!:blink:


If you have not closed you can not say they did a great job for you yet, If you were in a chapter 13 then is is much easier to get an FHA loan then a chapter 7. If you were released from your chapter 13 did you still not have creditors to pay back?

If you have not closed you can not say they did a great job for you yet, If you were in a chapter 13 then is is much easier to get an FHA loan then a chapter 7. If you were released from your chapter 13 did you still not have creditors to pay back?

In Been theres defense I can say that I did receive a 100% approval from this company for 140,000+ and also checked the BBB so I would say thumbs up to Been there and thanks alot for getting on this site and letting us know about this company because we are here to share helpful information and I hope that we are all here to encourage and not discourage. When I close I'll let you guys now how things went for me.

In Been theres defense I can say that I did receive a 100% approval from this company for 140,000+ and also checked the BBB so I would say thumbs up to Been there and thanks alot for getting on this site and letting us know about this company because we are here to share helpful information and I hope that we are all here to encourage and not discourage. When I close I'll let you guys now how things went for me.
You could actually do better than that.

I went with my realtor's broker who got me pre-qual'd. I discharged BK in march of this year, and I got an $175k 80/20 loan. 80 at 8%, and 20 at 12%. Monthly payment including taxes and insurace is $1499/month.

Monthly payment for a $175k loan at 9% is $1409 without taxes or insurance. Close, but not quite as good.

Chucko, that is good. I knew there was life after bk. That is a good payment for $175 with tax and insurance included.