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Chapter 13 Bankruptcy Buyout
Helping Good People out of their Bankruptcies Since 2001!
Sunrise Financial Services is mortgage brokerage that specializes in buying debtors out of bankruptcy. Let us show you how the equity in your home could be used to end your Trustee payments immediately. We have had fantastic results in helping our clients over the last several years
How exactly can this help you?
By consolidating both your mortgage and trustee payments into one smaller monthly mortgage payment your bankruptcy will be over. This will also make you eligible for prime rates in just two years rather than waiting two years after your scheduled discharge. Furthermore, all mortgage interest is completely tax deductible, which is not the case with your trustee payments. Overall, this will give you more cash on hand each month and a significantly larger tax refund every April. A double advantage! I Have not even mentioned the positive things this does for your credit score! There is a way out - let our Bankruptcy Buyout specialists show you the way!
Sunrise Financial's Chapter 13 Bankruptcy Buyout programs are available to help you get past your credit problems and get on the road back to financial freedom! Yes, it is possible to obtain a Chapter 13 Refinance while you are in a chapter 13 and put the stigma of bankruptcy behind you now! Obtaining your Bankruptcy Buyout is your best option to improve your credit report and put your finances in order. Our Chapter 13 Refinance specialists will guide you every step of the way and within 3 to 4 weeks you can be free from bankruptcy.
A Chapter 13 Buyout is nothing more than a mortgage refinance with a couple of twists. You will need to seek permission from the US Bankruptcy Court where you originally filed your Chapter 13. This can be done quite easily by Sunrise Financial on your behalf. It is also important for you to note that you might be required to pay the unsecured debts in full if your chapter 13 filing is less than thirty six months old. If you received a letter from us you have Already gotten to the 36 month point! Congratulations.Feel free to contact your bankruptcy attorney for guidance. Get started today and in a few short weeks you could be free from bankruptcy.
But there are a few things to consider first. Below is a recent question from one of our Bankruptcy Buyout prospects. Read it first to see if a buyout might benefit you.
Q: How soon after I file for bankruptcy can I buy out of it?
A: It all depends on your mortgage payment history and type of Bankruptcy plan you are in. In order to obtain a new mortgage you have to show the new lender that you have the ability to pay in a timely manner. The minimum they look for is a 12 month history. But even if you have a good mortgage history, you also have to consider the type of plan you are in. There are two types of plans a “Base” or “100%.” The base plan is that you are not paying back all your unsecured creditors and have reached an agreement to pay the trustee a set amount for a predetermined amount of time, usually 36 to 60 months. In order to buyout of a base plan you will need to be in for 36 months. If you buyout before 36 months you will be required to pay back all of your unsecured creditors. It is possible to be in a base plan and only have a small amount of unsecured debt. If this is the case you have to decide if it’s worth it to you or not to get out of bankruptcy 4 years early. The 100% plan is that you are paying back everyone in full. Your filing did not save you anything; it just reorganized your debt and most likely relieved you from your Mortgage Company and creditors seeking relief. Since you are paying everyone back in full the sooner you get out the better off you will be. Remember:
Our Chapter 13 Bankruptcy Buyout programs include;
- No Income Verification loans
- Refinance up to 95% of the current value of your home
- Self employed programs
- Fixed & Adjustable mortgages
- Interest Only loans
Call or apply online today for your Chapter 13 Bankruptcy Buyout!
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