Posted on: 18th Jul, 2010 08:13 am
I was laid off of my job in 2008 causing me to be unemployed for 10 months. Subsequently, I lost my home and had to file bankrupcty. I have been employed now for over a year in the same industry I was working in for 10 years. I now have a six figure income now and can show a good mortgage payment history (Prior to foreclosure), a good renatl history for the last year and have never defaulted on or been late on car payments ever. I have owned 4 houses in the last 16 years.
Despite all the positive on your credit side you need to wait for 2-3 more years for getting fresh line of credit for mortgage.
It differs due to different chapters of bankruptcy.
this site gives you better understanding on the BK basics.
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics.aspx
It differs due to different chapters of bankruptcy.
this site gives you better understanding on the BK basics.
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics.aspx
I have waited 2 years. Everyone will tell you 2 years. But I have been unable to find an actual bank who will loan me money. good luck