Archive for September 17th, 2009

Mortgage after Bankruptcy | How To Buy A Home After Bankruptcy

Can you get a mortgage after bankruptcy? Wondering how to buy a home after bankruptcy? That is a tough question and one that has no real answer, but we will Delve into that question right now. When most professionals are asked about how to buy a home after bankruptcy, the first answer you’ll probably get is time. Think about it, who is going to want to extend financing to you after you just went to court to get out all of your debts?

going through Chapter 11 bankruptcy is a stressful experience, and one that hopefully you never have to do it again.Buying a home after bankruptcy or just after filing Chapter 7 bankruptcy can be a real challenge. The bankruptcy shows up on your credit report and it shows that you were filing Chapter 11. You also had to keep up with new bankruptcy laws because things change all the time and you’re going to be working with credit repair after bankruptcy. I’d have to say that a mortgage after bankruptcy is possible and as time goes on you realize that you are able to move on. Mortgages after bankruptcy can happen but again time to simple so if you’re looking for a mortgage after bankruptcy realized that don’t expect it to happen overnight.

Finding financing for getting a loan or a mortgage for home or a house after you have just gone through bankruptcy is probably not the smartest thing to do anyway. After all, there are reasons why you probably got in the situation that you are in, and you are going to have to do some learning and do some credit repair so that get back on your feet. So in general, you probably should not be asking the question about how to buy a house after bankruptcy. Read more »