Can you get a home loan emmediatly after a chapter 7 bankrupsy has been discharged?
151490
Yes, sometimes you can.  You may have to take an interest only loan, and one with a high interest rate, and you will probably be given terms of a hugh pre-payment penalty.  Not all lenders look strickly at the numbers, some actually do look at the over all picture and past history before your circumstances forced you into bankrupsy.  Good Luck, and keep looking as there are some companies out there!
646755
now that your discharged ,  you want to go back into bankrupcy again?
973013
First some questions: \n\n1. What state do you live in.\n2. What is your income (it makes a BIG difference on whether or not you qualify)\n3. Why are you filling for bankrupcy.\n4. Have you considered other options first, like debt consolidation, debt elimination (through a broker), etc\n5. Do you REALLY want to do that?
1130467
There are a few mortgage companies out their that will be able to finance you while being on disability and having your bankruptcy discharged.  However, Mobile Homes are usually not properties that they will refinance, due to lower value.  However it doesn't hurt to look into it.  I know of one company that might do it, because I used to work for them, but they are only licensed in a hand full of states so it would depend on where you live.  Also, like I said it is hard with mobile homes to get them refinanced with all those other existing conditions.
1053039
The new rules for chapter 7 bankruptcy effect approximately 3% of the population.\n\n#1 You will now have to attend a counseling session before filing\n#2 You will have to attend a financial management course after you file\n#3 You will also need to provide more documents to your attorney to file for bankruptcy.\n\nThe previous answer is totally invalid. I hope you know that. There is no debt to pay back after chapter 7. And in less than two years I raised my scores into the mid 600's. It's business as usuall and I am able to qualify for a home mortgage, a car or most credit cards if I choose.\n\nThere are scores of attorneys out there who love doing bankruptcies because it's gravy work for them. You should find someone suitable for about $500. Filing fees should still be under $300. I actually filed my own bankruptcy with the help of a legal aid office for $550, lock,stock & barrell.\n\nIf you do hire an attorney, He needs to sit down with you for an hour and fill out the paper work with you. That his job. He knows how to fill in the blanks. The reason I say this, an attorney I sought out handed me the papers to fill out and sent me home.\nI had so many questions I was stymied. I sought out another attorney. He asked me to bring all account information to his office. We sat down and he filled out the paperwork as he was asking the questions.
769231
Yes you would be able to get a mortgage, but there are certain things that will help improve you programs. Like if you have re-established credit. Example if you have a credit card, car loan or some other form of credit. I have been able to help people buy homes the day out of a bankruptcy. Fell free to log onto my company website http:/justgetaloan.net/ for a fast free pre-approval, low rates, great loan programs and service. Or for additional info feel free to contact me at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
392439
If you fail the means test it is still possible that you might be able to file under Chapter 7 rather then Chapter 13 bankruptcy provisions.  If this is not an option you could try credit counseling.\n\nIf you are unhappy with the current bankruptcy law you should let your Federally elected Congresspeople know.
480903
There are two types.\n\nThe first is a consolidation loan.  Pretty much just like any other loan, but they take into consideration that you are actually going to remove your current debts.  If you have a bankruptcy against you already, you probably won't get this type of loan UNLESS you get one from a company who secure the loan against your home. BUT be careful, if your not good at repayments (no offense but it doesn't sound like you are)m then this could be dangerous, because they WILL take your home.\n\nThe second is more of an agreement.\nA third party organization look into your current finances. They agree with you how much you are capable of re paying every month.  They then contact all the companies that you owe money too, explain your situation and ask the if they would work with you and them in coming to a repayment agreement.  This will include stopping all interest and late payment charges.  You then pay a lump some to the organization, who then give each company the amount that was agreed to be paid each month.\n\nThis services should be free to you, so make sure you find one that is. They make their money from the collectors. They would rather have some money make than no money back.
453879
You and your credit score and not going to win on this one. Go to the lender immediately. Talk frankly with them...they may offer you options, they may not. But it cannot hurt, and it well may help. The lender will NOT want you to file bankruptcy unless they hold a deed of trust. IF they hold a simple mortgage, the property will be tied up for at least 6 months, maybe more. They may be very lenient with you to avoid the problems associated with bankruptcy. Even with a Deed of Trust, Bankruptcy throws a serious wrench into the foreclosure process. Talk to them, not us...they have better answers than we do. Either way, don't plan on your credit score to be very high for many years...up to 7. You can carefully rebuild your credit, but a filing of bankruptcy may live on longer than 7 years, considering the changes in bankruptcy laws last year. In fact, you may not be able to claim bankruptcy because of the changes in the law. Check it out with an attorney and the lender.
985459
First, before filing Chapter 7, ask you attorney to work with your creditors to see if they can reduce the debt owed by paying a certain percent of the debt owed (i.e. $.25 on the dollar) with a monthly payment plan in place.  If it is in your budget to do so, this is your best avenue.\n\nIf this is not an option and you do have to file, it will take a little while to rebuild your credit.  BE PATIENT.  You will not be able to buy a house or car (without paying outrageous interest rates or exorbitant fees) right out of the gate and will more than likely end up in the same position once again.\n\nYou will be bombarded by credit card companies to "help re-establish your credit".  It would not hurt to get ONE credit card with a very low line of credit ($500).  Use this only in case of emergencies and pay off as quickly as possible.  \n\nMost important is to be patient and not get yourself into the same boat again.  Within a few years (3 or so), you should be able to pursue home ownership or car purchases.
622925
NOT TRUE!  YOU NEED TO REGAIN YOUR CREDIT, BY BUYING A CAR AT A BUY HERE, PAY HERE. IT WILL HELP YOU RE-ESTABLISH YOUR CREDIT IN TIME, USUALLY A COUPLE YEARS. ALWAYS WHEN BANKRUPTCY HAS BEEN FILED, TECHNICOLY THEY CAN HOLD IT AGAINS YOU FOR 10 YRS.
684629
There is not a certain length of time you need to wait to repurchase another home. There are some lenders that will allow you to get another mortgage very shortly after a foreclosure. Some have even gone so far as to accept a person that has completed a bankruptcy, the can get a loan after being out of bankruptcy for one day.\n\nWhere this 7 year thing comes in is that your foreclosure or bankruptcy will stay on your credit report for 7-10 years. In the past most lenders would not take a chance on you because of your credit, but things have changed and now there are some willing to take a chance on you.\n\nNow the thing you have to decide is if you want to pay the higher interest rate you will have to pay for you not protecting your credit and getting a negative on your report such as a foreclosure or bankruptcy. \n\nIt is worth it in my opinion and is better than paying rent to someone else where you derive no tax benefits and you own your own property with all the tax benefits.\n\nThere is another thing that you must remember also, all the interest and certain points and closing cost are tax deductable on your federal income tax. Check the itemized deduction page of your federal return it will say all interest you have a form from your mortgage company for then all interest you do not have a form for a mortgage company, below that is another line for points and other fees you paid to secure your loan. (Please check with your tax preparer or CPA for any tax advice) \n\nSo with that being said I see no reason for you not to purchase a home again as long as you are able to maintain the monthly payments, property taxes and annual insurance policy that is required by the mortgage company.\n\nYou should check with a mortgage "Broker" that have programs for those individuals that have had a foreclosure or bankruptcy, tell them up front about your credit problems. There are some mortgage "Brokers" that specialize in individuals with poor or no credit. Make sure that you get one that specialize in these type loans, other wise you are wasting your time. \n\nOnce you have successfully made your mortgage payment for a complete year at the high rate you will have, you may refinance to a lower rate if you so desire. The key here is that you must have paid your mortgage on time without a 30 day late. \n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
357290
Go to Lendingtree.com\n\nI got a Mortgage after my wife declared bankruptcy.
437314
Get a debt consolidation loan from Countrywide. As long as you have home ownership, you're approved.
280634
have you tried the LAW loan?\nhttp://www.salliemae.com/apply/borrowing/lawloans.html
1172874
1st, there was a similar question to this a few days ago from confused dude.  You might try to find that answer in case this one leaves something unaswered.  \n\nNow, as I said then, I am NOT a bankruptcy Attorney and this is NOT legal advice.  This is what I remember from a bankruptcy (bk) class where I got a crappy grade.  There are 2 kinds of consumer bk.  Chapters (ch) 7 and 13.  You will need to do a credit counseling session before either ch. This will cost about $50 or so and is supposed to help prevent you being in this situation again.  \n\nCh 13 is a court approved payment plan called a re-organization where your 'excess' cash goes to pay a portion of the bill that you had before you filed for bk.  This is still easy to get into but you will be in this plan for 5 years.  \n\nCh 7 is a discharge of your obligation to pay.  You have to qualify under income guidelines that vary per state.  Under this ch after your non exempt stuff is (sold and the cash) applied to your debt it is discharged from your having an obligation to pay it.  It does not go away and co-signers will be obligated for it at that point.  There are exceptions to discharge and some of these are: student loans, taxes, child support, and fines.  This list is not comprehensive.  Also, property that is being used as collateral for loans (house, car, etc.) can be taken back or repossessed by the lien holder is arrangements are not made regarding those items.\n\nSo, if you can qualify for a ch 7 bk then you should probably not have to pay for the credit cards.  If you have to do a ch 13 then you would have to pay a percentage of what is owed to the credit card companies.  Generally this is not a really high percentage.\n\nI didn't mean to give such a long answer but I thought that knowing what your options are and what problems you might encounter would be helpful.
251638
Depends on your state and how much equity you have in the house-- some companies do Bankruptcy buy-outs-- chances are though-- if you filed bankruptcy, then you don't have the equity to do the refi-- or you would have used the $$$ to pull yourself out of debt.  Chances are you will need to wait a little while