Hello everyone,
So we filed Chapt 7 in 06, it was discharged in Jun 2007. When we filed, we let our home go and it was sent to the bank.
We live in Stockton, CA, the capital of foreclosed homes. This is enticing to us now, because there is a CANDY SHOP of homes that are going for little or nothing!
So we figured that we are paying $1600 in rent now, and if we bought a home at $200-240K, we could potentially continue to pay about $1600 a month in rent. Originally, we had a loan for $310K with bad credit and we were paying about $2300 per month.
So, here's the scoop. We aren't yet 1 year into our discharge. Is it realistic to think we may luck up on a loan? We don't have anything to put down, either. We would need 100% funding.
I wasn't able to check my husband's scores, but mine are at about 532, 556 and 630 as of today.
I searched through this forum and saw all this hype about NLMC... can someone send me a link to their website? I saw a few online but want to make sure that I have the right one. Any other options?
I think I've given all the information I have as to our situation. Is there any hope?
So we filed Chapt 7 in 06, it was discharged in Jun 2007. When we filed, we let our home go and it was sent to the bank.
We live in Stockton, CA, the capital of foreclosed homes. This is enticing to us now, because there is a CANDY SHOP of homes that are going for little or nothing!
So we figured that we are paying $1600 in rent now, and if we bought a home at $200-240K, we could potentially continue to pay about $1600 a month in rent. Originally, we had a loan for $310K with bad credit and we were paying about $2300 per month.
So, here's the scoop. We aren't yet 1 year into our discharge. Is it realistic to think we may luck up on a loan? We don't have anything to put down, either. We would need 100% funding.
I wasn't able to check my husband's scores, but mine are at about 532, 556 and 630 as of today.
I searched through this forum and saw all this hype about NLMC... can someone send me a link to their website? I saw a few online but want to make sure that I have the right one. Any other options?
I think I've given all the information I have as to our situation. Is there any hope?
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