Q&A
Asked by fred
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
FHA allows borrowers to obtain home loans 2 years after the DISCHARGE of a bankruptcy, provided there's been no additional derogatory information on the credit report...
Q&A
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
You're going to be looking at a minimum of two years from the discharge date of your bankruptcy before you'll be POTENTIALLY eligible for an FHA loan. You will still ...
Q&A
Asked by judith
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
Any liens on title have to be released before a property can be conveyed from one owner to another. If you've got a second and wanted to sell the home, it would have ...
Q&A
Asked by mk
Answered by Jay Schurman
Financial Adviser in San Ramon, CA
The first step in rebuilding your credit you hopefully have already accomplished which is to create a budget that allows you to pay all of your bills in a timely fashi...
Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - it sounds like you're in a hard spot. The best advice I can give you is to check with a bankruptcy attorney in your local area. You really need legal advice that...
Q&A
Asked by kevin
Answered by Kendrick Walker
Mortgage Professional in Santa Rosa, CA
Definitely not a good situation. Bankruptcy can be an option for some, you just really want to ensure you are aware of and consider all options and "repercussions" fro...
Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Nothing to be embarrassed about. Sadly, many folks either stick their heads in the sand hoping the debt will magically disappear or they pray to win the lottery and l...
Q&A
Asked by an anonymous user
Answered by Eric Simonds
Financial Advisor in Brunswick, ME
There is no percentage or fixed number. In general, the higher your score, the more if will decrease once bankruptcy is filed. Fair Isaac Corporation (FICO) often up...
Q&A
Asked by Andrew
Answered by Judith Liu
Loan Originator in Rye, NY
With FHA its only 2 years. Otherwise, most products require 4 years from the date of discharge.
Q&A
Asked by an anonymous user
Answered by Daniel Munoz
Mortgage Professional in Plano, TX
You need to look into an FHA loan. Let me know if I can help.
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