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New Update buying a new house within the 3 years

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    New Update buying a new house within the 3 years

    As you all know I had been pre approved by the VA My chapter 7 was discharged 2 years and 1 month ago, house IIB was taken 9 months after that, so that will be 2 years this coming November. My loan went to the underwriter last week I now have a commitment and a clear to close.
    I will report back when we close.
    Va have said if a house is IIB they will use the 2 year discharge date.
    B x
    filed Ch 7 Oct 31st 2008.
    341 Dec 10th 2008.
    DiSCHARGED Feb 10th 2009

    #2
    keeping my fingers and toes crossed for you!!!!!!!!

    we thought about the VA as well...we have a vet in the house....so we thought that may have been a choice....

    we don't need a mortgage now, since we got a "rare" owner financed property....however, i'm certain many are interested in what the underwriter will do with you loan!!

    i'm so hoping it goes through for you!!
    8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

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      #3
      Congrats! For other reading this thread watch out for lender guidelines...what VA and the end investor will allow are not always one and the same.

      Comment


        #4
        Originally posted by B65 View Post
        As you all know I had been pre approved by the VA My chapter 7 was discharged 2 years and 1 month ago, house IIB was taken 9 months after that, so that will be 2 years this coming November. My loan went to the underwriter last week I now have a commitment and a clear to close.
        I will report back when we close.
        Va have said if a house is IIB they will use the 2 year discharge date.
        definitely 2 yrs after discharge date NOT title transfer of house date????
        Stopped paying c. cards February 2009
        Retained attorney 11/5/09 - $100k in C.Card debt - $120000 per year income - Filed Feb 2010 - 341 Apr 2010 - No Asset Case/Report of No Dist Apr 2010 - Discharged June 2010
        Case went without a hitch!
        I HELD MY HEAD HIGH IN THAT COURTROOM AND NOW I AM MOVING ON!

        Comment


          #5
          Originally posted by calgirl67 View Post
          definitely 2 yrs after discharge date NOT title transfer of house date????
          i know there has been a ton of discussion about this...however, my understanding as well is ....2 yrs after "discharge" date.
          8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

          Comment


            #6
            we have our commitment, our clear to close, 2 years from discharge date, if you have a house included in bankruptcy... that is the VA and some of their lenders.
            B x
            filed Ch 7 Oct 31st 2008.
            341 Dec 10th 2008.
            DiSCHARGED Feb 10th 2009

            Comment


              #7
              that's great news!
              8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

              Comment

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