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Can you buy a home after filing bankruptcy if the current mortgage was not included in the bankruptcy?In: Bankruptcy Law |
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Answer
You ability to buy a home after filing for bankruptcy depends entirely upon your ability to find a willing seller and a willing lender. The fact that you did not include your current mortgage in the bankruptcy is of little importance because they are a secured creditor.
Answer
And if your actually meaning can you get financing to buy a home:
Once again, your ability to get a mortgage depends entirely on the willingness of the one giving it.
Clearly, having a bankruptcy is not a positive thing for most lenders.
However, many have lending programs that may allow it. Just like ones exist for people who cannot prove an income.
The more of the negatives you put together, the fewer the possibilities are.
Generally, these are more available the larger your downpayment.
And almost all have a higher cost/interest involved.
First answer by Chslaw. Last edit by IamLostRU. Contributor trust: 837 [recommend contributor]. Question popularity: 99 [recommend question]
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