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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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Second Chance Purchase Program
Fri, 12 Oct 2012 12:55:40 +0000
Politicians, economists and lay people understand that housing is a driving force in the economy. After Bill Clinton signed the Community Reinvestment Act (CRA) the housing industry really picked up steam because banks were forced to expand their lending beyond traditional guidelines in order to meet new demand. This was a noble goal to increase [...]
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