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Updated almost 5 years ago,

User Stats

11
Posts
4
Votes
Linda Cooper
  • Real Estate Agent
  • Jacksonville, FL
4
Votes |
11
Posts

Is It Possible To Re-Finance After Chapter 11 Bankruptcy

Linda Cooper
  • Real Estate Agent
  • Jacksonville, FL
Posted

Bankruptcy will be discharged Jan. 2017.  Our portfolio rentals consists of 8 single family homes & 2 four-plex apartments.  After our discharge our portfolio will consist of 4 houses will have no mortgage & 1 four-plex with a very small mortgage (22K) @ low interest rate 5.25 % (25 years left with payment $145 a month).  Our primary residence (value @ $350K) has a interest only mortgage with payments of $789 a month.  Upon discharge, (Jan. 2017) this payment will definitely be amortized immediately.  My question is where can we turned for help regarding a re-finance on our primary after a 60 month chapter 11 discharge.  We really do not want to sell because we love this house.  HELP!  Any advice will be appreciated.

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