Hello Someone: My husband and I are seeking a hard money lender and we are approved. Our credit score is poor. The lender recommended us to file bk before he will release the funds. I am so disappointed in having to do this because we are born again believers in Christ and want to do the right thing according to God. I have a week and a half to do this or we will go into foreclosure. I don’t want to lose our home and I wish that we were more attentive to our credit. Now we are and we want to make it right. Is there another option out there?
A week in a half MAY be enough for an approval. There are some programs out there. What state are you in? What is the value of the property? How much do you owe? How far are you behind? What will make the lender know that this will NOT happen again?