Bankruptcy Lending

Bankruptcy Lending and Financing in West Palm Beach, FL

Bankruptcy is a financial situation that can happen to anyone. It is a legal process that allows individuals or businesses to restructure or eliminate their debts. Many people think that filing for bankruptcy means they will never be able to buy a home, but that is not true. At Ozment Mortgage, we specialize in Chapter 13 bankruptcy loans to help our clients in West Palm Beach, FL, and surrounding areas get approved for various home loans, including FHA Home Loans. Call us at (561) 689-6720 to learn more about our bankruptcy lending services.

How Chapter 13 Bankruptcy Loans Can Help You

Our Chapter 13 bankruptcy loans are designed to help you keep your home while you restructure your debt. This type of loan allows you to make payments on your debt over a three to five-year period. We understand that every situation is unique, and we will work with you to find the best solution for your needs.

Navigate the Financing Process With Ozment Mortgage

At Ozment Mortgage, we are committed to helping you achieve your dream of homeownership. Our experienced team understands that bankruptcy can be a stressful time, and we are here to help you navigate the process. We will work with you to determine the best loan options for your unique situation. We take pride in our ability to provide excellent customer service and our commitment to helping our clients achieve their goals.

How Does Bankruptcy Financing Work?

In bankruptcy, the Debt or Possession (DIP) financing process involves a plan presented by your bankruptcy attorney to the court, which includes a budget. Once approved, the DIP lender provides the required funds, which are to be repaid with interest or advances and fees. This process ensures that the necessary funding is available to continue operating the business during the bankruptcy proceedings while also protecting the lender's investment. By providing DIP financing, Ozment Mortgage can help those who have filed for Chapter 13 bankruptcy obtain the necessary funds to secure a home loan.

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