| 527 mid at 85%LTV-Help needed
This Unsub was in final at BNC middle of last month. BNC turned the house down. Unsub has since found a new home, but on the 24th BNC's guidelines changed(Need 550 for 85%). Scenario:
515/527/552
No open/active trades
PP=137K
85%LTV=$116,450
Fill Doc O/O SFR
RURAL
DTI @ 21% w/5K in disposable
Down pmt. of 15% sourced and seasoned
Not a FTHB
The bad:
Private VOR (0X30)
Foreclosure filed 5/2005, but unsub sold home sold in 7/05, prior to sheriff sale
CH. 7 BK discharged 7/02 (Unsub had a house in the BK which ofcouse resulted in a FC filed 7/02)
Any suggestions?
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