Profile picture for Derek Beatrice

Derek Beatrice's Advice

Contributions are sorted newest to oldest.

  • 2 Contributions
  • 0 Best Answers
  • 0 Helpful

Derek Beatrice wrote:

do i even have a chance?

Answer
The fact that you believe your credit score is not great you might want to look into Seller Financing.  In today's market there are a lot of homeowners looking to sell their homes or condos that are upside down.  But they purchased the property when interest rates were low.  You could potentially assume the loan or by a property with seller backed financing.  I don't work in the Worcester marketplace but I have several EXIT agents in the Shrewsbury office that could assist you in finding alternatives to purchasing a home.I hope this information is useful.  Good luck.Derek
September 03 2010
(0)

we qualified and applied for a loan modification chase turned us down is there an org to help?

Answer
I understand your frustration.  Whether doing a loan modification or a short-sale Chase isn't the easiest bank to work with.  When applying for a Loan Modification it is similar to applying for a Loan.  The banks are going to look at your Debt to Income Ratios and your complete payment history.  Are you currently behind on your mortgage or any other payments?Did you use an attorney to complete the modification?  If not, 'The Loan Workout Group', out of Londonderry NH might be able to assist you.  They specialize in Loan Modification and Short-Sales.If you're looking for more help please feel free to email or call me directly.Best of luck! 
September 03 2010
(0)