Hi Steve,

You might be able to 'qualify' for a mortgage but if your credit is damaged then you will pay a lot more money to finance. Have you checked your credit report lately to see if all the negative trade lines and the bk are still showing? Most often all the negative trade lines are still listed on your credit report as well as the bk. Why not repair your credit get as clean as possible and then begin looking for a home to purchase. Imagine being able to get a larger home with a lower payment because you have good credit. Best to you!

It depends. You need to speak with a local reputable lender to find out your options. In addition to normally having to wait 3 years after the discharge of a Chapter 7 BK, lenders also require that credit has been re-established. That normally means a minumum of 3 tradelines open for at least 12 months with no late payments. Because you've already got a black mark against you Steve you need to demonstrate to a lender the ability to manage credit so you are viewed as a safe bet.

I'd be glad to help you try and get pre-approved, or at least tell you where you stand and help you set up a game plan. I can be reached at 734-528-5511
Tony

Steve,
Surely any thing is possible. Your best bet is to contact a mortgage lender or your bank loan officer for all the possibilities. It seems to me, working with these individuals that under the right conditions and your being honest with them they can make things happen.
good luck,

Steve...

I just talked with a lender today who claims to be able to get 550 credit scores approved through one investor he has. So the answer is..maybe. Good luck.

are you looking to buy something? real estate property?
if you have a steady income you can get a property in a creative way. I work with a lot of investors and we do this all the time. You can rent first and have the option to buy later in a year and in the meantime you can repair your credit......

if you need more help you can email me at:
realinvestor09@yahoo.com