Because the models are so different, the exact same stats can produce wild fluctuations in the score depending on the model.What's more important is to look at the report, too, even though it takes more time:Any recent bankruptcies, collection items (and a lot of people are more forgiving of medical related debt)?

My ship was sunk and I was submerged in debt.Burdened by the thought that unless I filed bankruptcy, came up with $18k or waited a decade.

In a way, it is a repayment arrangement similar to the one offered in bankruptcy proceedings. 

Hypothetically if the rehabber went into bankruptcy right after closing on the purchase, then the lender would already be $40,000 in the red.

It is possible that the owner filed bankruptcy and like mentioned before they crossed in the mail. 

From what I heard, on some of the deals, limited partners lost big, but the Donald did OK for himself, even when the project goes into bankruptcy.

He said his parents make plenty of money but they recently filed for bankruptcy and asked if I could still count them as guarantors. 

I’d basically be entirely wiped out and have to file for bankruptcy if I default and have to sell the house.Again, seems a bit crazy but then again when was the last time we saw a pandemic with 20% unemployment, with fiscal stimulus aimed at simply bridging a short term gap, with no long term plan in place (ie vaccine takes years to both develop, manufacture, and distribute globally and 70% of domestic GDP is based on the service side of the economy).

Doing this properly can make one very wealthy over time but doing it wrong can lead to bankruptcy.

Filed for chapter 7 bankruptcy in 2011Current servicer will not extend the loanHave nobody to cosign for meCompletely empty currently, (no tenants)Was doing vacation rentals (Airbnb) in 2nd floor apartment, (banks do not care for this)The Solutions:Sell the buildingRefinance, extend terms preferably 10 year Start a business in commercial space (Day Care, Event Space, Tavern).