Financing in 34224>Question Details

Judy, Renter in 33981

considering the downward spiral in the housing market, do I as a hopeful buyer with a bankruptcy (6 mos) have any chance in buying?

Asked by Judy, 33981 Thu May 31, 2012

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Ann Ryan’s answer
The downward spiral has ended in many places, here in Miami, there's a definite upward spiral underway. Make sure you do everything you can to be ready when you do requalify for a mortgage... start saving for a downpayment, etc.
0 votes Thank Flag Link Thu May 31, 2012
Judy,

You may be in luck soon if you've corrected some of your past mistakes. Since your bankruptcy will be 3 years old at the end of the year you may be able to get a loan for a mortgage.
0 votes Thank Flag Link Sat Jul 19, 2014
No, you cannot obtain a mortgage until 3 years after the bankruptcy occurrence date. Continue to have at least two lines of credit and make all your payments on time. This will help get your credit score up.
0 votes Thank Flag Link Thu May 31, 2012
No, not for 2 or 3 years.
I doubt that that is going to change anytime soon.
0 votes Thank Flag Link Thu May 31, 2012
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