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How long after a bankruptcy can you buy?

  • August 12 2012 - Anaheim
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Answers (4)

Profile picture for Pamela Shemet
I would recommend contacting your local lender.
  • August 17 2012
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The only good thing that came our to the economic crash of 07 and 08 is that lenders don't penalize people as harshly for short selling, foreclosing, bankruptcy as they once did. In most case you should be fine after 2-3 years as long as that is the only thing negative on your credit since then. If during the past few years you have also had numerous things go into collection then you will have to wait a while.
  • August 17 2012
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Profile picture for user795379
2 years fha, 3 years usda, 4 years conventional are the standards. I've never heard of 7 years waiting period thats ridiculous.
  • August 16 2012
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Talk with a qualified mortgage broker. In my area you need to wait 7 years. A broker will be willing to work with you to rebuild your credit and get you into a position to buy when you are ready. Also by working with a broker, they can shop around to different lenders who have different rules and requirements.
  • August 12 2012
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