Financing in Langhorne>Question Details

Stevearby729, Home Owner in Langhorne, PA

Bankruptcy Chapter 13 being withdrawn, selling my house short sale, credit score 633, can i get a new mortgage?

Asked by Stevearby729, Langhorne, PA Mon Aug 15, 2011

I currently in chapter 13, but the trustee payments has ballooned to 1500 per month, so with my mortgage and all, it just makes my house unaffordable. So, I have decided to short sale my house. I am now not sure should I refile under chapter 7 and wipe out all my debt and start new, or should i let some old debt stay on credit report? Which will I be able to get a new mortgage with sooner?

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Answers

2
you seem to think that after a short sale you can go and get another mortgage, That will not happen, it will take between 3-5 years for that to happen!
0 votes Thank Flag Link Mon Aug 15, 2011
Check out the link below.

There is a helpful, "Waiting Period" Cheat Sheet you can click on, as well.

Hope this helps,

Randy P.
0 votes Thank Flag Link Mon Aug 15, 2011
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