How Home Equity Partnerships Can Help Prevent Chapter 13 Bankruptcy
Have you fallen behind on bills, including your mortgage and other loans? Many people faced with overwhelming debt choose to file for Chapter 13 bankruptcy. While this type of bankruptcy lets you keep your home while paying back your debt, it does nothing for your credit, and if you’ve recently lost your job, the debt-to-income ratio requirements might disqualify you for bankruptcy relief.
Another, better option is working with home equity partnerships like SKYDAN. When you choose this alternative to traditional financing, you get to stay in your home without making mortgage payments for up to 2 years. This gives you a full 24 months to work on getting your debts repaid and back on track financially.
Homeowners who choose to work with home equity partnerships in lieu of filing for bankruptcy enjoy the following benefits:
- No additional debt occurs because this isn’t a loan program
- All credit is accepted because there are no credit score requirements
- Employment is not part of the qualifying criteria
- No interest payments
- No monthly payments for up to 2 years
Home equity partnerships are not lenders. They aren’t traditional banks. What these companies are is a group of real estate investors who want to help you get back on your feet by helping you use the equity in your home to do so. It’s a program that keeps your financial record free of bankruptcy marks and doesn’t affect your credit.
Are you struggling with debt and living in the Chicago area? Let SKYDAN Equity Partners, LLC, help you get out from underneath the dark cloud of debt. We offer programs that are alternatives to traditional lending programs. If you have a less-than-perfect financial history, we have solutions if you’re facing foreclosure or bankruptcy. When you’re experiencing a financial challenge, you need real solutions that don’t back you into a corner. At SKYDAN, our team of real estate investors is ready to help you unlock your home’s equity and get you back in good financial standing once again. To learn more about how our program works, contact us today at 877-4-SKYDAN or email us at email@example.com.