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Can a bankruptcy stop my purchase of a home?

  • December 03 2012 - Panama City
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    0Yes

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Answers (6)

A bankruptcy automatically puts a "Stay" on pretty much all of your finaincial obligations as well as warns future creditors of your current situation.  If you are in a situation where you have to file bankruptcy I would suggest to complete you bankruptcy, obtain the discharge and then consider purchasing a home.  The court would probably not allow you tpurhcase a home simultaineously while you are filing and continuing with an active bankruptcy.  Remember Bankruptcy is about the discharge of debt and not the CREATION of new debt.  Best Wishes.
  • December 04 2012
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Profile picture for Ofe Polack
Who's bankruptcy, yours or the seller's?
  • December 03 2012
  • 0Yes

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Three words "Contract for Deed" If you are less than 7 years from your bankruptcy than this may be a viable option for you. Contact me to learn more about it!!

-Rob M.
  • December 03 2012
  • 0Yes

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Profile picture for Rita Walker
Who's bankruptcy? Yours or the Sellers?
The answer is yes to both.
  • December 03 2012
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Check out the Post Foreclosure, Bankruptcy & Short Sale Waiting Period Matrix here.
  • December 03 2012
  • 0Yes

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Profile picture for wetdawgs
Yes, of course unless you are buying all cash.     When did you file for bankruptcy?   Discharge date?   type of bankruptcy?   When do you wish to purchase a home?

  • December 03 2012
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