Profile picture for JaniceDonnelly

how long do you have to wait to buy if your in chapter 13 after it is paid off?

  • October 20 2012 - Northglenn
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Answers (5)

Alisa is correct.  If the chpt 13 is discharged the wait is two years.  If they are still in the payment plan, after one yr of payments (on time and with Trustee approval) they are eligible.
  • October 30 2012
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If you have a foreclosure then 2 years for FHA or 4 years for Conventional. Otherwise if no foreclosure then when you are halfway through your  payment plan for the chapter 13 bankruptcy you can obtain a loan.
  • October 30 2012
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Profile picture for StuartSantana
Alisa is right in regards to Chapter 7...but I think chapter 13 works quite.differently. contact a reputable lender to be sure.
  • October 20 2012
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Two years with FHA, provided there was not a foreclosure in your BK.  Conventional will look at you after 3 years.
  • October 20 2012
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Any foreclosures, or just a Chapter 13?

  • October 20 2012
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