Posted on: 30th Aug, 2010 10:23 pm
i would like to know if it best to rent to own after chapter 7 and would i be able to get a mortage loan within 2 years
Immediately after a Chapter 7 bankruptcy discharge, you won't be able to get a mortgage. Thus, you can rent a property for the time being and improve your scores. You will have to wait for 2 years in order to qualify for a FHA mortgage after a bankruptcy discharge. If you want to get a conventional loan, you'll have to wait for 4 years after discharge.