In this current financial market, having a bankruptcy on your credit report is a big red flag in getting the financing you need. But that does not necessarily disqualifies you for a loan. It all depends on when your bankruptcy got discharged and whether you have improved your credit. Other factors such as income, length on the job and downpayment also play a big role in getting a home loan in this current market.

E-mail me and I could offer you a FREE consultation to determine if you could qualify for a loan. If I do not have a loan program for you, I could always refer you to some of my collegues who could help you.

Regards, Arnel Guanzon, Broker - Realtor

I would suggest to talk with a bankrupcy attorney and then a lender. As most real esatte agents are not attorneys they really would not be the ideal source to get this type of legal advice

If you need a referral to one let me know

Kind Regards
Michael Barron

Hello,

The best thing is to talk with a lender and they will let you know what needs to be done regarding your credit.
depending on if you filed a chapter 7, 11 or 13. They can give you guide lines to get you on the right track to
purchasing a home. It may be awhile before that can happen but at least you know what needs to be done.
If you need the name of a good lender I would be happy to recommend Mike Lynch at Bank of America. 760 233-6500 is the main office number.
Good Luck.
Barbara Hunt
760 737-3757

Bankruptcy is a negative mark on the credit reports and it stays on record for 7 years. NO credit is better than late payment history. A steady job history is good, however, stability of the current job is equally important because the banks look for repayment from your "future" income.

Are you filing chapter 7, 11 or 13? There are differences between the filings ... for the sake of simplicity: 7 = liquidation, discharge of existing debts | 13 = repayment of all or part of the debts | 11 = reorganzation. Are the debts under "both" of your names? Is there a possiblity to concentrate the debt to just one of you to take the bankruptcy hits, while allowing the other person credit remain undamage?

I suggest you work with a non-proft credit counseling agency (http://www.credit.org/about/Locations, there are others so please furhter research) and they will help you to create a plan to get you and your husband back on track to recovery.