But to answer your question, not through normal lending channels unless the bk was the result of a serious illness or death of a wage earner in the household. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
You're buying a house that's worth over one million dollars 4 months after a discharge? Sounds like you anticipated this money coming in and you withheld it from the BK attorney and the courts.
Only an inquiring mind would want to know if the bankruptcy court allowed you to keep $250,000.
This has to be a trick question to catch someone up who would touch this loan. No one would attempt this.
Consult with your Bankruptcy Attorney. Please come back and let us all know what he suggested.
One the other hand, you may have gotten the money on June 2013 in the lottery. In which case find a house for $250,000 and don't draw attention to yourself or repeat mistakes of the past.
Now whether or not any underwriter would sign off on your loan (should you have a qualifying extenuating circumstance) depends heavily on where the 250k came from. If it came from a source you can publically talk about, you'll probably be in a new home soon.
Our Team | United Equity Mortgage Corp.
15+ items - Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 ...
Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 773-304-3412.
Paul Gondek Senior Loan Originator. NMLS ID 226276 773-304-3414.