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Is there a mortgage company willing to work with someone that came just came out of bankruptcy?

Profile picture for bluesbelly
Total discharge of debts; I have a current mortgage now with BAC. I'd like to take advantage of low housing prices for a rental.
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March 21 2010 - Lincoln Park
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You can still get a hard money loan from a private party. Problem is the interest is very high.
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March 21 2010
Profile picture for Colorado Lender
What chapter was it?   Chap 13 you can qualify right after discharge.  All other chapters you're out of luck for 24 months.
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March 21 2010
Profile picture for wetdawgs
There are some very strict rules about years from discharge of bankruptcy for conventional financing.  You will probably need to look for a hard money lender with considerably >20% down.

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March 21 2010
 

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QuestionIs there a mortgage company willing to work with someone that came just came out of bankruptcy?
  • Asked by bluesbelly
  • March 21 2010
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