No. When you file bankrutpcy you are making a declaration about your financial situation. If you were to put in an actual application for financing a home the problem would be finding a lender willing to touch it. You would be a bad financial risk to any type of lender at this time. Once you are discharged it will take several years for a lender to take a chance on you. You could try owner financing soon after discharge, someone might be willing to take a chance on you if everything else is strong. Job, income etc.
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.
You can get a home after a BK. If it was a chapter 13 you can get a mortgage at any time. You can even use a refinance to buy out the BK. If it was a chapter 7, you normally need to wait 2 full years. Under certain circumstances you can buy a home after one year.
Yes
Don't sell the home without legal council. It'll be impossible to re-buy later (given the scant information I have at hand).
After Chapter 7 bankruptcy has been Discharge can buy a home
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
If our home is in foreclosure,and never reaffirmed the debt through chapter 7-how will it affect us getting a home?
The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.
i wouldn't sell it but instead invest in it till it adds value
While in a Chapter 13, all major financial transactions need the approval of the bankruptcy trustee.
You can get a home after a BK. If it was a chapter 13 you can get a mortgage at any time. You can even use a refinance to buy out the BK. If it was a chapter 7, you normally need to wait 2 full years. Under certain circumstances you can buy a home after one year.
Yes
Don't sell the home without legal council. It'll be impossible to re-buy later (given the scant information I have at hand).
one year.
Not without permission from the court.
maybe