I filed for Ch 13 BK in July 2007 and it was confirmed a few months later. I have been in repayment for nearly 3 years and have 2 more to go. I relinquished my home through the BK and have been renting for nearly 3 years. I am interested in purchasing a home because I have had enough of renting. Has anyone been successful in getting a home loan while in repayment? If so, which lender did you use. Also, did you have to pay your BK attorney to go to the Trustee to get authorization to get a loan? If so, how much did it cost?
Any information that anyone can provide about getting a home loan while in Ch 13 BK will be much appreciated.
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lllambey started a blog post Purchasing a home while in Ch 13 BKPurchasing a home while in Ch 13 BK
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#1Carter commentedEditing a commentMy situation is the same as yours. I went to my atty and said I want to buy a home already talked to two lenders who said I could get FHA my scores are where they need to be. My atty said I had to wait until I was done with the bk (2 more yrs) because my husband is making more money now and it would open a can of worms. He said I would have to pay more money to the trustee and he may say no to my request to buy a home. So, here I am being forced to wait out my last two yrs in this bk hell!!! I hate that they have control over your life. The home purchase would have been a couple hundred less than my rent.
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