There are several different loan programs and each have their own requirements or restrictions that apply to borrowers who have filed for bankruptcy. It''s always best to meet face-to-face with a Loan Officer and see exactly what your mortgage options are and how the bankruptcy impacts them.
If my response was helpful, consider clicking BEST ANSWER!
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
I value your opinion, Please hit best answer or thumbs up, if my replay was helpful. All the best.
Senior Mortgage Banker
The Federal Savings Bank
Direct Lenders. All 50 States
The U.S. Department of Housing and Urban Development (HUD) recently announced the â€œBack to Work â€“ Extenuating Circumstancesâ€ program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUDâ€™s minimum eligibility requirements.
CFS Mortgage assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.