“Unless You Want Straight Answers, Don’t Ask the Questions”

“Unless You Want Straight Answers, Don’t Ask the Questions”




Joe, Thank you again for your help this afternoon and the direct answers. It is obvious you know a lot more than the attorney who gave me some bad advice.


I listened to his explanation about his history. That he had made all of his mortgage payments perfectly, that he paid his chapter 13 bankruptcy payments perfectly, actually paid it off the plan early, got the credit scores over 650 and then got some stupid advice. He wanted to get pre-qualified for a new mortgage.


He was currently living in a home that was worth less than the debt and he needed to move. He contacted the BK attorney and asked how he could get out of the property. He was advised that since he had filed bankruptcy and even though he was making the mortgage payments, that if he stopped making the payments it would not affect his credit or ability to get a new mortgage.


This was bad advice; it would affect his credit scores and his ability to get a new mortgage. No lender wants to do a new mortgage for anyone that had late payments after a bankruptcy. I told him to immediately make the late mortgage payment, which he did.


There is a slim chance that I can get him a mortgage but he wants to at least make the attempt. I’ve explained we have a 25% chance and all will depend on a sympathetic underwriter and how compelling a letter of explanation will be.


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 33 commentsJoe Petrowsky • December 30 2015 06:52AM


Good morning Joe.  A college education does not make the person giving advice right, or in this case the answer was totally wrong.  Well, OJT works when book learning doesn't

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 5 years ago

Hi Joe.  It simply amazes me how much poor advice comes from a few attorneys that should know that they don't actually know.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 5 years ago

Good Morning Joe:

I will echo Gabe Sanders answer about the attorneys ineptitude. There are just too many lawyers out there who should stop practicing and retire in Stuart Florida.


Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) about 5 years ago

Joe Petrowsky Your advice is just common sense among all real estate professionals. Late Payments = A Derogatory Effect on credit. 

I like your optimism: "a sympathetic underwriter". Do you think one exists?

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (HomeSmart Realty West & Lend Smart Mortgage, Llc.) about 5 years ago

If you can't get him the mortgage, no one can. 

Good thing you spoke to him before it was too late. Mortgage advice should really come from a skilled mortgage professional and no one else.

Posted by Kat Palmiotti, The House Kat (406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty) about 5 years ago

It is a good idea for people not to give advice on things that they do not know. I always refer them to experts.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 5 years ago

Yes, I've heard of many bankruptcy attorneys giving bad advice.  It's quite sad.  I hope you are successful w/ this one.

Posted by Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together) about 5 years ago

Good morning Joe! Seems like the attorney had some real bad advice! Lucky he spoke to you and at least now has a shot. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 5 years ago

I never understood why anyone would think that not making your mortgage payments wouldn't hurt their credit? I think he better plan on staying where he is for another year or two, and make the payments on time. Good luck.

Posted by Jeff Pearl, Full Service Full Time Realtor (RE/MAX Distinctive / LIC in VA) about 5 years ago

Amazing how many people give advice on something they know nothing about.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 5 years ago

Joe: Terrible advice by the attorney that could have really dire short term effects for this potential buyer. I hope you are able to assist him.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (Coldwell Banker Access Realty ~ 478.960.8055) about 5 years ago

Joe, it makes me furious whether it is a lender or agent that gives this ridiculous advice...I always tell clients check & recheck to be sure of any advice given out if it seems off...maybe he will need to wait a bit longer.

Posted by Ginny Gorman, Homes for Sale in Southern RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) about 5 years ago

Good morning Joe. I think it is important to talk with an expert always. You know that and often are and when you don't know you refer.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 5 years ago


So much terrible advice out there, and it sounds like you heard them all.  I sure hope you succeed in finding him his loan.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 5 years ago

So, can you pass on the name of this sympathetic underwriter to the rest of us?

Posted by Joan Dickie, Keller Williams Premier Realty (Keller Williams Premier Realty) about 5 years ago

When a 'Professional ' offers advice in there area of 'expertise' they should at least know that is.  Some professionals like to consider themselves covered under the blanket of the business even if they have not dealt in practice with that issue.  No advice can be better than bad advice.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (Mapleridge Realty, CT 203-206-0754 ) about 5 years ago

This same advice was given to one of our clients too, and we couldn't believe such nonsense!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 5 years ago

Joe Petrowsky Don't you hate it? We need more attorneys willing to sue other attorneys for bad advice.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 5 years ago

There will never be a shortage of bad advice. It is sad when the bad advice is provided by an attorney.

Posted by Roy Kelley (Realty Group Referrals) about 5 years ago

Hi Joe,

We NEVER advise anyone to NOT pay their mortgage. Great post.

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates) about 5 years ago

Hi Joe.  You don't go to a carpenter for a mortgage.  Always go to a pro like you.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 5 years ago

It is hard to believe the crappy advice uneducated people can dish out Joe. Hopefully you saved these people.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) about 5 years ago

Joe he should be OK since you seem to have caught this on time.  Everything should work off of the discharge date of the bankruptcy.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 5 years ago

Love it! It's always great to see that someone out there is taking the time to give it straight and truly make a difference in someone else's life!

Posted by Erin Bates (CMG Financial and Expansion Marketing Services) about 5 years ago

And just think this person probably paid for this bad advice.  Talking about adding insult to injury.

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) about 5 years ago


Your customer get some very advice by the attorney. That's a big WOW.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 5 years ago

Joe, sad but happens so much.  I do hope you can get him a mortgage, if anyone can...YOU CAN.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate about 5 years ago

Oh, boy. That's terrible. Let us know how this one turns out. You have me very interested. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) about 5 years ago

Joe, it's amazing how much terrible advice is floating around out there.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 5 years ago

Maybe people just hear what they want to hear? I've heard this bad advice as well and it never turns out good. But by a LAWYER?

Posted by Hella Mitschke Rothwell, Hawaii & California Real Estate Broker ((831) 626-4000) about 5 years ago

Hard to move on with no hardship involved....lawyers...and others should stick to what they know...and away from what they do not.

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) about 5 years ago

Hi Joe --- too bad he didn't contact you earlier -- as others have commented, there's no shortage of bad advice and information "out there".

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 5 years ago

Like I tell my client's all the time Joe Petrowsky ; don't ask the question unless you want the honest answer because that's the only one I'll give you.

Posted by DEANNA C. SMITH CERTIFIED MOBILE NOTARY, Highest Ranked Certified Mobile Notary in Virginia (Certified Mobile Notary Signing Agent) about 5 years ago