It has been2 years since i filed for Bankrupcy. I would like to buy a home, or will i always have to rent?

Asked by Clleen, Gallatin, TN Fri Apr 19, 2013

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Prentiss Holt, , Nashville, TN
Fri Apr 19, 2013
Especially in today's market, plenty of individuals who have experienced a bankruptcy are applying for mortgages. I highly recommend you work with a local credit union, who is likely to give your case more personal attention and understanding. The things you should really be concerned about is your proof of income and credit payment history since the bankruptcy.

If you'd like, I'd be happy to refer you to a lender who'd be pleased to hear from you. Just contact me here on trulia or via my website at
1 vote
, ,
Fri Apr 19, 2013
Three years is the soonest.. You can however begin to dispute the accounts that are being reported as discharged in bankruptcy. You may want to begin challenging the accounts with the credit bureaus.

Have a nice weekend,

Christina Solorzano
Everlasting Credit Repair
0 votes
Curly Sue, , Texas
Fri Apr 19, 2013
Usually 3 years from date of discharge. Make sure your credit is PERFECT after bankruptcy!
0 votes
Rosie Mietzel, Agent, Nashville, TN
Fri Apr 19, 2013
The best person to ask would be a local lender in Gallatin - I can recommend some great ones to you! They have told me that it all depends on what type of bankruptcy you filed - a Chapter 7 or Chapter 13, and if a previously-owned home was involved in the BK. A lot of people got caught up in the declining real estate market in recent years and had to file BK, but are now back on the road towards home ownership again. If you keep your rental & utility payments current, it is a great way to start re-establishing credit (and always pay with checks or online banking so a proper record is retained). With interest rates low and monthly rental prices increasing, it's a great time to start thinking about buying a home! You can reach me here through Trulia or through my website
0 votes
Melissa Goss, , Center Moriches, NY
Fri Apr 19, 2013
It will be very difficult unless you are paying in all cash.
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