Looking for a Portfolio Lender for a home we are looking to Purchase here in the greater Orlando FL. area

Good Afternoon. With a solid written detail of what caused your financial issues, including and up to the short sale closing, that may work for FHA. I can submit a letter to the Underwriter for review. The file would need to be complete as well with all supporting documents, a credit report, assets, income, etc. There is always a chance, so don't rule this possibility out yet. There is no application fee to try, so let me know if I can be of direct help! Thank you and good luck!

Portfolio lender won't touch you with a foreclosure and deed in lieu. Their guidelines usually mimic conforming guidelines with very subtle differences.. Mandatory waiting periods for foreclosure, BK's and DIL's are not something they would waive.. .. You need a hard money lender, and they are going to require more than 20% down.. or you could just wait another 1.5 years and go FHA..... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If there were no late payments prior to the Deed in Lieu we can finance you with FHA right away. With 20% down we can finance you after the 2 year mark. I am very surprised that you have a lender, even on an ARM that would finance you conventional prior to the two year mark. I would actually like to know who that is? If can help you with one of my two programs please let me know: P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

You have a BK 2.5 years ago, a Foreclosure included (lenders go by date the deed was transferred out of your name, not the date your BK was discharged).. And you have a Deed in Lieu... My guess is if you found any lender willing to do this, you wouldn't be here trying to find one... And my experience says you WILL NOT find a portfolio lender willing to do a loan for you with your derogatory background and propensity for "letting the home go" when faced with a crisis... Also, I have never heard of a portfolio lender who will only do ARM's... (Hard Money lender, Yes.. Portfolio lender, NO), and it makes no sense that you wouldnt use them because of it.. If the offer is real, why not do the ARM, and refinance in 2 years once you pass the mandatory waiting period?? you see.. what your saying makes no sense... my advice is sound, and it's based on experience... you would be a bad risk for any lender as your past proves.. And your only hope for a mortgage is Hard Money Loan, 30% to 50% down... Good luck... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If I was you I would go FHA. They will be the kindest to you on terms and rate. In my opinion a Portfolio will not do your loan with Bk and I guess you mean a Deed In lieu of Foreclosure when you say DIL. Your only other option is PRIVATE Money. Private Money is ver expensive and being that the home will be your primary residence there is alot of restrictions. Be Careful in dealing with Private Money. I see alot of terms out there being done that I feel are violating Federal and State law.Just because there is a ton of regulation today regulating Loan Originators I come accross funny stuff still taking place and these actors do not have a NMLS number or license of any kind. As far a a lender in Orlando I can help you in Orlando. I also can advise you of a particuliar lender in Orlando to stay clear of based on past findings and experience. Call me to have a discussion. My phone is 954 558 4430 NLMS #268694

Your loan can be done, and it can be done via FHA as well. Right now the best way to go would be via FHA and then just refinance in 6 months.

Let me reiterate one more time here.. I think there's a lot of false hope advice being thrown around.. The one thing that underwriters despise is when someone files BK, and then they have even more derogatory credit after the BK is discharged.. For most lenders it's an automatic denial.. You have a BK, A foreclosed home included in the BK, and another property which you did a Deed In Lieu of Foreclosure, (which by the way lenders look as the same as a foreclosure). You can write letters, you can call, you can beg, and you can plead.. You will not get FHA or Conventional financing until you pass 3 years from the date of deed transfer for the foreclosed properties.. PERIOD.. Hard money lend on a completely different set of guidelines.. Their decisions are based primarily on equity.. The more down payment you have, the more likely they will lend to you.. But in your scenario, it's your only hope.. As I stated in my previous posts.. Portfolio lenders guidelines will usually mimic conforming guidelines... they will not touch you with 2 foreclosures and a BK, no matter what others here are saying.. it's just not happening... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I would suggest waiting until your DIL is seasoned 3 years and going FHA. This would be from the date the lender took back the property. Hard money lenders charge high rates and fees and I know of no porfolio lender that will do this for you at this time. I lend in Florida and have been doing mortgages for many years. Alll the best, Linda Burek, First Choice Mortgage

Would love to know the south Florida lender

we have a portfolio loan program. We lend the money direct and service it. You should use our homeowners access, you can buy 2 years out of foreclosure or bk up to 1.5 million with 10% down no MI. Contact me for details homeloanafterbankruptcy dot com