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Answers (6)
- Adam Cohn, "palmbeachmortgage"
- Contributions:130
If its a chap 13 you can buy a home while in the bankruptcy,as long as your paying the trustee on time.
Have a great night.
Adam
Have a great night.
Adam
- Gold Star Financial
- Contributions:13
Great points from everyone.
There are so many factors.
Do you have new credit since the BK.
Is it BK 7 or 13?
Chapter 7 usually requires 2 years from discharge. Chapter 13 will allow you to buy a home while still paying on your Chapter 13 as long as you can prove 12 months on-time payments and be sure to have clearance from your trustee to purchase a home. I would certainly contact a lender directly though so they can analyze your case.
There are so many factors.
Do you have new credit since the BK.
Is it BK 7 or 13?
Chapter 7 usually requires 2 years from discharge. Chapter 13 will allow you to buy a home while still paying on your Chapter 13 as long as you can prove 12 months on-time payments and be sure to have clearance from your trustee to purchase a home. I would certainly contact a lender directly though so they can analyze your case.
- Gilbert Haro, "privatemoneylender"
- Contributions:13
Fha is 1 year after a 7 & 2 years after a 13.
- Sean Cole, "spatrickcole"
- Contributions:1
Many lenders will consider lending to a customer with a previous bankruptcy on their credit report. The length of time that it will need to have been discharged will vary by lender.
- Brad Tawzer, "Oregon Lender"
- Contributions:8
This is a question that will depend on some specific information pertaining to your personal situation. The best thing to do is sit down with a professional in your area to determine your next step.
- wetdawgs
- Contributions:26802
Some of the important facts to answer your question:
Was it chapter 7 or 13?
What is/was the discharge date?
Have you rebuilt your credit score?
Was it chapter 7 or 13?
What is/was the discharge date?
Have you rebuilt your credit score?
Can someone get a mortgage even with a bankruptcy on their credit report?
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