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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Randy and Vi…, Agent, Punta Gorda, FL
Sat Jul 19, 2014
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
Ann Ryan, Agent, Doral, FL
Thu May 31, 2012
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
Tammy Hayes, Agent, Port Charlotte, FL
Thu May 31, 2012
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
Ron Thomas, Agent, Fresno, CA
Thu May 31, 2012
No, not for 2 or 3 years.
I doubt that that is going to change anytime soon.
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