Posted on: 23rd Dec, 2009 07:19 am
In May 2009 we were granted a disharge under Chapter 7. The mortgage was also included in the filing and the balance now state $0 on our credit report. We were behind in payments before filing banckruptcy and that stopped the foreclosure process. Shortly after the discharge, we voluntarily surrendered the house and moved out.
In terms of buying another home, do I have to list the prior mortgage as a foreclosure? My credit score is now at 650 post bankruptcy. We are relocating to Florida and want to buy another home. Will I have to wait several years or do you think I could qualify for a bad credit mortgage?
There is so much information out there that it is confusing!
In terms of buying another home, do I have to list the prior mortgage as a foreclosure? My credit score is now at 650 post bankruptcy. We are relocating to Florida and want to buy another home. Will I have to wait several years or do you think I could qualify for a bad credit mortgage?
There is so much information out there that it is confusing!