Mailbag: Loans for People with a Previous Bankruptcy, Short Sale, or Foreclosure

Scenario / Question:

“Hello ARC Capital”,

I am trying to find ways to help some of my clients…

Some of my clients are probably ready to buy at this time. Others have had a foreclosure, short sale and /or bankruptcy in the past 1,2,3 years.

I do not know if there is a possibility for them. Could you please help me and my clients get some information and possibilities and/or hope?

Thank you for your attention.”

(Submitted by a real estate agent)

Answer:

Private Money Financing for a Mixed-Use Property

 Question Submitted by a Listing Agent in Healdsburg, CA.

Scenario:

Hi Chris,

Please let me know if you can lend on this listing. The agent is looking to help her buyer that is interested in it.

It’s a mixed use property with an office downstairs and a separate residential unit upstairs. It’s a nice building with stable tenants

Cheers,

    – JR