Why is it so difficult to buy a house after foreclosure and/or bankruptcy?I had to file bankruptcy two years ago due to a family medical sitution. All my debts including the house which I did not reaffirm were discharged in 2011. The house is just being foreclosed now. I guess they had to go through the process even though I feel I gave up the house when I did not reaffirm the mortgage. Anyway, it will be sold soon. I am looking to rent because no one will give me a mortgage. It's ridiculous on how long you have to wait for this or that before you can qualify again. I did what I had to do for my family. Now I'm debt free, I've put money away and I want to purchase a small house for my mom and me but I can't. I've filled out many many applications and everything comes back so sorry. I am in a better position financially than I have been for years and yet I can't get a $60,000-$70,000 loan for a home. I even have the 20% down. I would gladly buy on a land contract. Since many of these foreclosed homes are owned by the respective bank that foreclosed, why don't they give a loan to someone else to buy it and they can get some of their money back. It just doesn't make any sense to me. I just checked my credit the other day and it's 632 average, I mean that's not terrible. I just don't get it. Thank you for your time.March 12 2013 - Town of Delavan00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.