“Good for this Banker”

     “Good for this Banker”





Hi Joe, do you do 203K loans? I’m look for the waiting period for bankruptcy/foreclosures.  Is it the same as an FHA loan? Our bank doesn’t do these loans, but I want to be able to refer my client.



It is never easy for a bank to tell a client they can’t assist them, but it is always wise to refer a client to a lender that can. Keeping a banking relationship with a customer is extremely important as there is a lot of competition.


For this client, they had a foreclosure 5/15 which means an FHA loan can be obtained if credit has been re-established and the credit scores are over 500.


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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 2 commentsJoe Petrowsky • July 11 2018 01:16PM


Good morning Joe. For the banker who can't be the source, being the source for the source is the best alternative. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 10 months ago

Good morning, Joe Petrowsky nothing's better than referral business.... keep them happy and get the job done...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 10 months ago