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$400,000 in Tax Debt Relief + 100 Point Jump in FICO
Leveraging the primary residence and a commercial building ACC Mortgage provided a $400,000 loan to a doctor to cover tax liens and debt in active collection status. Six months after closing, the borrower’s credit scores jumped over 100 points, allowing a refinance into a conventional mortgage.
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Fix & Flip Opportunities in the Maryland, Virginia, DC Metro Region
Fri, 19 Mar 2010 15:30:31 +0000
Having been a lender in the DC Metro market since 1992 I am keenly aware of the trends and watch the markets closely. Although I did not predict the full extent of the dramatic upswing in home values in 2000-2005 I did foresee the peak and subsequent massive decline. The bottoming out of the [...]
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