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Financing in Brook Park : Real Estate Advice

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  • Home Buying2
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Activity 2
Thu Sep 8, 2016
John Burke answered:
Hi Tar,

It really depends on the type of loan you're eligible for, what you did with the home & whether or not you've "re-established" your credit since the BK.

For example: If you stayed in the home but stopped making payments on it, the FHA guidelines state that you're not eligible until 3 years after the lender foreclosed on that home. Now let's say you're still in the home & the bank still has NOT foreclosed, you would not be eligible for an FHA or conventional loan.

The best thing you can do is to contact a lender, like me, to find out where you stand.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
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Wed Dec 30, 2009
Kelli Glover answered:
They are discussing opening up the 203k to investors in 2010...could be something to look into.

I work directly with a mortgage lender and stay current on Financing News in our area.


Kelli Glover
Keller Williams
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