getting a primary residence, business declared chapter 11

[Thomas J.]

I'd like to talk about getting financing for a primary residence when the borrower has declared chapter 11 bankruptcy on a business.

FNMA FNMC guidelines are such that a borrower must wait 2 years from the BK to get another mortgage, however, in the case of the chapter 11 the borrower is the entity, not the person and a company can't do a primary residence (excluding owner occupied commercial of course)

So the question is, how do you articulate this to a lender who can pitch this to underwriting?  On paper it makes sense and shouldn't disqualify a borrower from purchasing a primary residence.