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24 March 2014

Recent AfterForeclosure.com Closings!

We are excited about the following recent closings that have happened.  If you have a tough scenario, it’s quite possible that we can find you the funding you need!  It’s time to buy again, contact AfterForeclosure.com to get pre-qualified for your new home purchase! Whether you are building a new home or buying a resale, […]

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We are excited about the following recent closings that have happened.  If you have a tough scenario, it’s quite possible that we can find you the funding you need!  It’s time to buy again, contact AfterForeclosure.com to get pre-qualified for your new home purchase! Whether you are building a new home or buying a resale, we have the unique programs available to get you the financing you need!

 

#1 Problem:  Borrower had several 90 day late payments on previous mortgage. State & Federal tax liens totaling over 400k.  

Rancho Santa Fe, CA

$2,350,000 Purchase Price

$1,645,000 Loan Amount + 2nd TD $352,000.  15% Down

5.25% Rate on a 5/1 ARM

1.25% Points

661 Fico

Closing Date: March 14, 2014

#2 Problem:  Borrower had 2 foreclosures and 1 short sale as well as a few collection accounts.

Carlsbad, CA

$942,450 Purchase Price

$706,838 Loan Amount (25% down)

4.875% Rate on a 5/1 ARM

1.375% Points

681 Fico

Closing Date: March 7, 2014

#3 Problem: Borrower had a previous short sale on investment property 16 months ago.

Encinitas, CA

$3,275,000 Appraisal Value

$1,400,000 Loan Amount

4.25% Rate on a 5/1 ARM

1.25% points

711 Fico

Cash out of $640,000 to buy another property

Closing Date: Feb 25, 2014

#4 Problem: Borrower had massive income losses and negative tax returns.

Chula Vista, CA

$1,200,000 Purchase Price

$840,000 Loan Amount  (30% down)

4.875% Rate on a 5/1 ARM

1.5% points

716 Fico

Closing Date: March 5, 2014

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