I just wanted to drop back in and give everyone a word of encouragement.
I finished my 42 month Chapter 13 in October 2008, closed in Nov 2008. I started saving my "trustee payment" and had done lots of work to clean up my credit reports ( my mother was kind enough to add me as an AU on one of her large CL cards). I had saved about 13K in 9 months since finishing the 13 and I just closed on a short sale house today, using FHA!!! 5.0% rate. My ficos are 660's-690's.
The great news is that the house appraised for 55K more than the sales price... I was just trying to buy something where I could suffer a little market depreciation and still be ok. So this gives me some breathing room...
Chapter 13 was a difficult process, but it has given me a fresh start that is for sure! Keep up the fight, and it will get better.
I finished my 42 month Chapter 13 in October 2008, closed in Nov 2008. I started saving my "trustee payment" and had done lots of work to clean up my credit reports ( my mother was kind enough to add me as an AU on one of her large CL cards). I had saved about 13K in 9 months since finishing the 13 and I just closed on a short sale house today, using FHA!!! 5.0% rate. My ficos are 660's-690's.
The great news is that the house appraised for 55K more than the sales price... I was just trying to buy something where I could suffer a little market depreciation and still be ok. So this gives me some breathing room...
Chapter 13 was a difficult process, but it has given me a fresh start that is for sure! Keep up the fight, and it will get better.
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