Back in May of 2008 I converted my Chapter 13 BK to a chapter 7 at that time I surrendered my home. I moved out in June assuming the bank would just take possession of the home. Well to make a long story short they finally finished foreclosure proceedings and took my name off the property on March of 2010.
I had been living in a townhouse since 2008, and the owner had been setting aside 600.00 a month towards a down payment, but here I was three plus years later and unable to get anyone to even consider giving me a mortgage.
In November of 2011 I went on one of the mortgage sites that match you with lenders, it was at this time that I came into contact with [removed] I explained to him my position and told him I had recently been reading a lot about USDA loans. I knew the townhouse was not in a rural
area, but I also knew I could not expect the owner to wait any longer for me to get a loan.
He took all my information and spoke to several of his lenders and found one who said yes, they would consider me for a USDA mortgage. He then put me in contact with a real estate agent. On 12/04/11 me and my wife found our dream home.
We closed on 02/16/2012 and I am sitting in my new home typing this!! I talked to many different lenders and broker who all told me I had to wait until three years after my name came off my previous home. But [he] took the time to find a lender that would work off the bankruptcy date, and look at my current credit situation.
I wrote this to let everyone know their is hope if you wish to own a home again!!
I had been living in a townhouse since 2008, and the owner had been setting aside 600.00 a month towards a down payment, but here I was three plus years later and unable to get anyone to even consider giving me a mortgage.
In November of 2011 I went on one of the mortgage sites that match you with lenders, it was at this time that I came into contact with [removed] I explained to him my position and told him I had recently been reading a lot about USDA loans. I knew the townhouse was not in a rural
area, but I also knew I could not expect the owner to wait any longer for me to get a loan.
He took all my information and spoke to several of his lenders and found one who said yes, they would consider me for a USDA mortgage. He then put me in contact with a real estate agent. On 12/04/11 me and my wife found our dream home.
We closed on 02/16/2012 and I am sitting in my new home typing this!! I talked to many different lenders and broker who all told me I had to wait until three years after my name came off my previous home. But [he] took the time to find a lender that would work off the bankruptcy date, and look at my current credit situation.
I wrote this to let everyone know their is hope if you wish to own a home again!!
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