would a bank finance?
my husband and i had jobs more than 25 yrs.household income 210.000 dol.we invested in real state 2 yrs
ago and lost our money.we live in our house for 20 yrs and the kids are gone,the house is too big.we want to
sell and buy a smaller less expensive home.we just did a chapter 13 .will we ever have a chance to get
financing from any bank.?
Speak directly with a mortgage brokers and then make your decision.
You have to be 2 years away from a bankruptcy in order to get most types of financing. The exception to the rule is if you put down more than 20%, maybe 25-30%.
As an example, FHA will allow a bankruptcy (3.5% down) that is 2 years and 1 day old.
I can run you through an automated system and I would know within 10 mins if you are qualified for any type of conventional financing with your recent bankruptcy. This would determine the amount of your downpayment.
By selling your home now it will allow you to pay the remaining
balance of what you owe to the trustee and have your bankruptcy
discharged now rather than waiting years to complete your plan.
By discharging from your chapter 13 it will enable you to re-establish
your credit.
As a listing agent I will be able to help you sell your home. If you have
additional questions you can direct them to me.
My Direct # 347-813-1290.
Here is my website http://fajardodelacruz.realtors.officelive.com
or my e-mail delacruz.fajardo3@gmail.com
Hope to hear from you soon.
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Fair Housing and Equal Opportunity