Prequal Senario HELP! Purchase Las Vegas FD 620 Ch 13, Ch 7, no open tradelines curre

[hawai_pinay]

Borrower: RUDE, V

FICO: 659 / 600 / 616

Income: FULL

Subject Property: FOUND, Purchase contract drawn up already...

LTV: 80/20, 100

CLTV: 100

DTI: 0 / 36.591, No open tradelines, ALL PAID or FILE CHAPTER.

Occupancy: Owner Occupied

PURPOSE: Purchase

PROPERTY TYPE: Condo/Townhouse

LOAN TYPE: Any

DOC TYPE: Most like FULL DOC

SEASONING: NONE

LATES: NONE

BANKRUPTCY: Ch 7 (discharged 2003 - divorce) and Ch 13 (discharge 08/2006 - medical bills operation)

FORECLOSURE: NONE

Max Loan Amount: Full Doc $150,000

[Greg]

Countrywide Specialty Lending Group

[mknight]

When was the ch 13 filed?

[hawai_pinay]

08/2006 Discharged.

[mknight]

When was it filed though? If it was filed before 11/04 then I can do 100%.

[hawai_pinay]

Ch 13 Filed 07/01/2005 - Discharged in 08/2006 (auto, medical, house) PLUS HE GOT A REFUND BACK ON THIS HOME? $18,000.

Ch 7 Filed 11/01/2002 - Discharged in 02/2003 (divorce).

I hope this helped you out?

[mknight]

Bummer, I won't be able to do 100% then. Only 85%. I guess you'll have to take Greg's advice and check Countrywide.

[Greg]

Yep. I know they can do it. They have a no tradeline 100% program and allow 1 day out of bk. Let me know if they say no please. Programs change all the time.

[hawai_pinay]

Ch 13 discharged
Ch 7 discharged

Full Doc
Townhouse

2/28
6.825 (par)
7.025 (.50)
7.325 (1)
7.7 (1.5)
8.025 (2)

Add on 0.25 I/O, Add on 0.25 townhouse? (still checking on this one)

2nd lien 12.05 30/30

Payment is close to $1000 w/Impounds.

Thanks New Century! www.newcentury.com

[success]

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