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pgablazers

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We Need Financing

We can not qualify for FHA VA or Conv. financing to our knowledge.  We have a Ch 7 BK discharged on 11-2012.  We had to do a 7.5 million dollar BK due to the RE market.  We now have no debt, or homes.Our parents have said they will buy for us if they can.  They also had a Ch 7 BK discharged in April 2011 from the same business ventures as us.  They kept their home so it would be a second home or rental.Positives:Inlaws700+ Credit scores (yes)Cash for 20% downLittle debt200K annual verifiable income from long standing jobsover 1 Million 401K's & IRA'sUsNo debtNo new credit since bkWife has a job as HS Teacher for 14 yearsWhat we want to buy:2800sq ft house in need of repairs @ Remodel1600sq ft main and upper 1200 basementBuilt in 1910Cost aprox 110K plus 50K renovationsWe have a contractor lined upLoan amount 130K with 35K down House is in Salem Oregon

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