Recovery from Divorce (new home purchase)
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,001.00 | Status: | Expired |
| Grade: | C | DTI: | 53% |
| Lender Rate: | 30% | Borrower: | tcampbell2255 |
| Finished | State: | GA | |
| Funded: | 0% | Group: | KING FINANCIAL GROUP///100% CASH FLOW SOLUTIONS FOR YOU |
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Hello! I am applying for my second Prosper loan to consolidate debt and buy a new primary residence. Since my first Prosper loan a year ago, I have recently been divorced and am in the process of rebuilding my life. This new primary house that I want to buy is a 2004 HUD forecloure with at least $50K of equity in it (please see the attached picture). I am still a part-time real estate investor and intend to make it my full-time profession within the next two years. My intent is to use these proceeds to payoff my first Prosper loan as well as my credit card debt and past joint debts that I still owe with my ex-wife. That way we can both make a clean break and go on with our lives. As a quick summary, here are my monthly income and expenses: Income: $3975 (gross) Expenses: Mortgage: $913 (new mortgage payment upon winning the bid) Car loan: $0 (car paid off in 2007) Car Insurance: $70 Auto gas: $320 Utilities: $300 (estimated) Food: $200 Credit cards: $300 Student Loans: $0 (deferred) Prosper Loan: $106 Entertainment: $200 Savings: $50 Giving: $100 Medical: $100 Miscell.: $50 Thank you so much for taking the time to consider my request. I am really excited about this new home and the ability to take back control over my life and finances. I truly appreciate any help you can provide. Thanks! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 105029 | Paying Off car and credit card debt | C | $5,000 @ 14% | Mar 01, 2007 | Withdrawn |
| 107708 | Paying off car loan and credit cards | C | $5,000 @ 17% | Mar 07, 2007 | Withdrawn |
| 110111 | Paying off car loan to get rental house | C | $3,100 @ 14% | Mar 12, 2007 | Loan created |
| 298361 | Paying down Credit Card balances to get new home | C | $6,601 @ 24% | Mar 24, 2008 | Loan created |
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