I am thinking about filing for Chap 7 BK early next year. I just got out of the service a few months ago. I am hoping to be employed soon, and would like to buy a home. How hard is it to get a home financed after a BK? I am 24, will be a first time home buyer, and will be trying for a VA Loan. Will these factors help me get a loan even after a BK?
top Ad Widget
Collapse
Announcement
Collapse
No announcement yet.
Buying a house after Chap 7 BK. How hard is it?
Collapse
X
-
A very recent thread was just opened where someone just purchased a home after BK. It is generally at least 2 years and can be 3 years if you were foreclosed upon. You also need to meet the more stringent credit requirements, so you must re-establish credit and have a solid payment history.
http://www.bkforum.com/showthread.ph...ouse-this-week!Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
bottom Ad Widget
Collapse
Comment