Buying a house after bankruptcyLeonard Groupe
The amount of time you need to wait to apply for a conventional loan after a Chapter 13 bankruptcy depends on how a court chooses to handle your bankruptcy. If the court dismisses your bankruptcy, you must wait at least 4 years from your dismissal date, before you can apply. If a court...
Buying a home is one of the largest investments you will ever make, so you may feel a great deal of anxiety and worry over losing your house while going through chapter 13 bankruptcy. Thankfully, this is the best case scenario when going through financial hardships, since it allows you to...
Perhaps one of the most misunderstood guidelines in the mortgage world as it relates to buying a home after bankruptcy. Today I go deeeeeeeep into what it takes to buy after BK, and have surrendered a house in that bankruptcy (regardless of foreclosure date). Learn more at BalanceProc...
After having a bankruptcy, foreclosure, or short-sale, most people think they have to wait 2-7 years before buying a home again. With a portfolio loan, you may not have to wait that long. Portfolio loansare mortgages that help folks who have unique circumstances and don’t fit within the...
Damage to credit score: Bankruptcy has a long-term impact on credit. Chapter 7 remains on your credit report for 10 years and Chapter 13 stays for 7 years, affecting access to future credit and loans for buying a house or new car. Debt exclusions: Some debts cannot be discharged through ...
What happens to my secured debts (such as car loan or house loan) when I file bankruptcy? Often, when clients come into our office to have a …[Read More...] Buying a house after bankruptcy My wife and I were planning on buying our first …[Read More...] ...
The famous beacon score will be shot for a long time. This means that whatever you do there will be consequences, like higher down payments, requirements of security deposits, secured credit cards, much higher interest rates and is most evidenced when buying a house. That can be really diffic...
it's not impossible to buy a house after declaring bankruptcy. The exact steps you need to take depend on what type ofbankruptcy you filed. We'll walk you through the details
Personal Bankruptcy Why People Go Bankrupt Prevent Bankruptcy Don't File in Your 20s Life After Bankruptcy CURRENT ARTICLE What Happens to Your Credit Buying a House After Bankruptcy Corporate Bankruptcy Bankruptcy Terms (341/A-B) Bankrupty Terms (C-I )...