How long do I have to wait to buy a house after filing bankruptcy?


by Heatherd on May 31, 2012

Over the course of my career as a bankruptcy attorney, I have learned that most of my clients think they will have to wait until the bankruptcy drops off their credit report...

i just wanted to post a "reminder" about "The Mortgage Forgiveness Debt Relief Act and Debt Cancellation" and how it will no longer be in effect after 2012, we only have ONE more year to apply the act. time is passing!!!

it does effect many of us who are or will be...

Anyone have firsthand experience with qualifying for FHA Mortgage after Chapter 7? I'm getting conflicting information.

FHA web site says you can qualify after 2 years but this extends to 3 years if a home was surrendered as part of the filing (3 years must pass from the date of foreclosure...

I'm posting this in hope someone else can be helped by my experience.
I searched high and low and could find no known instances of someone purchasing a new home while simply walking from a previous home which mortgage was discharged under a prior Chpt 7.

IT IS POSSIBLE.
...

I searched and searched all over including this forum for answers as to how and when I can obtain a new mortgage after bankruptcy. I filed ch 7 two years ago where my house was included. The bank just now foreclosed even though I abandoned the house a while ago. I heard many mixed things about the length...

We filed a Ch. 7 BK and last Jan (2010) and was discharged in March with no hitches. We made full mortgage payments all through the proceedings and have continued to make our normal monthly payment. We plan on continuing to do this. However we did not reaffirm with the mortgage Co and they are not reporting...

Anyone get an 1st Mortgage backed by FHA while in Ch. 13?

Does anyone have their letter to their bankruptcy trustee requesting permission to obtain the FHA mortgage?

I know I need one but I don't know what to say or how to say it. I have looked everywhere online and can...

We met with the banker about a FHA loan on 12-30-10. Our three years is up 2-4-11 and we will be eligible for a loan then. We are writing our letter of explanation and getting things in order, almost time to seriously start shopping.

She said everything looked good and should be no...

well, i always say where there is a will there most certainly is a way..........( please note the dates i listed for our filing have been changed.... to think i'm protecting something??? or another).....


we close on this house February 15th and it's ours!!!!!!!

all the...

Refinancing a Home after Bankruptcy


Posted on December 22, 2010 by Bryan Fears


Recently many Americans have sought bankruptcy protection as a result of the recession and housing crisis. Unfortunately, the bankruptcy laws cannot force a lender to refinance your...

Fannie Mae/ Freddie Mac
So I just spoke to 2 different lenders regarding a conventional mortgage....

You now must wait 7 years after a foreclosure to qualify for a new conventional.... 7 years....