“A Mixed Blessing for Sure”

“A Mixed Blessing for Sure”




It is not always easy to convince a lender that a client should not have to wait to get a new mortgage.


FYI… my credit was absolutely perfect before and after the bankruptcy and foreclosure… never missed a payment on anything ever.  The only reason we had to file BK is because after having the Triplets, we were way over extended with the expenses of raising them (as babies with formula, diapers, etc.) in addition to all of the hospital and medical bills that came along with their early years as premature babies that were in the NICU for 6 weeks after birth.  Not to mention, prior to their birth, we had to spend $40K+ to finish the 2nd floor of our 2 bedroom, 1 bath house to allow for 3 more bedrooms and a 2nd bath to make room for our growing family that went from 3 to 6 people just like that!  I will include all of that in the letter, but just wanted to make you aware.  Thanks!


The so called normal time period to do an FHA mortgage is 24 months after a bankruptcy, we are good there but after the foreclosure we need 3 years. In this case the foreclosure process dragged on which was no fault of this client. The actual title came out of their name a year ago.


Fortunately being a mortgage broker allows me to explore many possible options. I shared this info with a handful of lenders and two of them said that they would do the loan. Hopefully one of them will follow through and get this loan done, as this client deserves a second chance. This is definitely one of those “when bad things happen to good people”.




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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.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 14 commentsJoe Petrowsky • August 09 2016 01:03PM


Yes, I hope that works out soon.  Yes, this is a good example of that.  I hope they will be settled soon.

Posted by Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers (The Flooring Girl) about 2 years ago

We run into stories like this....blame doesn't belong on the borrower...life happens...

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 2 years ago

Good morning Joe and job well done. Having someone who understands the process and goes to bat for you makes all the difference.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 2 years ago

God morning Joe! Let's hope one of the lenders comes through for this couple. Without a penalty of a much higher interest rate!

Life happens and having someone on your side to help is so very important. 

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 2 years ago

Good Morning Joe - I know a similar story and I hope the couple does get a second chance.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 2 years ago

It's unfortunate how financial debt can change so quickly when there are medical emergencies. I wish there was some leeway, but I don't believe that will ever happen.

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 2 years ago

Good morning Joe. Nice to see that relationships are still in play in the lending industry! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 2 years ago

Glad to know you go the extra mile to find solutions for people who need some TLC!

Posted by Lottie Kendall, Serving San Francisco and the Silicon Valley (Pacific Union International) about 2 years ago

Joe, premature triplets are a challenge to the most secure (not to mention insured) families.  Glad you were able to help these folks.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 2 years ago

Yes Joe Petrowsky Bad things DO happen to good people, so I think the whole process of getting "approved" for a loan needs to be a little more PERSONAL.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 2 years ago

Great job being the customer's advocate, Joe - GREAT job!  I know they are ever so appreciative!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) about 2 years ago

Joe Petrowsky I can't imagine the stress this family was feling and you came through with a solution to their needs. Great job!

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (Realty National) about 2 years ago

Joe, good job.  Not many Lenders/Investors out there willing to step outside the guidelines when it comes to bankruptcies and foreclosures.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 2 years ago

Joe great job,personally I remember before the Crash I said to Diane this is not a good time to buy, let's just hold off and rent until the market returns to a more manageable level... I was not sure I could generate the income that the Loan would require...but I guess I am too conservative....

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 2 years ago