Posted on: 09th Apr, 2009 04:06 pm
can i or how can i get a loan to buy a house even though i have filed charter 7 last year
scott, anyone considering owner financing would be a fool not to have a credit report drawn; and in finding a chapter 7 filed a year ago, would be a bigger fool to go ahead and do the financing.
market guidelines are 4 years, with required reestablishment of credit. if anyone is nuts enough to make the proposed loan, God help them.
market guidelines are 4 years, with required reestablishment of credit. if anyone is nuts enough to make the proposed loan, God help them.
hi selethiacoffey!
welcome to forums!
you will have to wait for 2 years after the discharge of chapter 7 bankruptcy to get a fha loan. if you are planning to go for a conventional loan, then you need to wait for 4 years after the discharge. before that, i don't think you'll be able to get a mortgage.
feel free to ask if you have further queries.
sussane
welcome to forums!
you will have to wait for 2 years after the discharge of chapter 7 bankruptcy to get a fha loan. if you are planning to go for a conventional loan, then you need to wait for 4 years after the discharge. before that, i don't think you'll be able to get a mortgage.
feel free to ask if you have further queries.
sussane
