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Sure can....It's even easier than getting one before a Chapter 7. Their called Day 1 after Bankruptcy loans. Surpisingly, your credit scores are pretty decent after the discharge. The creditors also know that you can't file again for several years, so they don't have to worry about you running back to the courts for help. The interest rates run about 6%...again, better than you would have gotten prior to the Chapter 7...

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โˆ™ 2006-09-07 03:02:34
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Q: Can you get a home loan after recently being discharged from a chapter 7?
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Can you get a home loan if you have recently filed a chapter 7?

Not if the bankruptcy is pending. Once it has been discharged (preferably closed) then it is possible to apply for credit. Whether or not the applicant is extended credit of any sort is the decision of the lending institution.


If a chapter 7 bankruptcy has not been discharged is it a law stating a lender cannot offer you a home mortgage or would they just be crazy to do so?

Ch7 Bk must be discharged prior to acquiring a mortgage.


If your wife is in a Chapter 13 plan and is the borrower on the mortgage can the husband apply for a refinance loan to pay off the first mortgage?

Yes! The only thing is the chapter 13 will have to be discharged at closing. Depending on how long she has been in the bankruptcy, this may not be a big hassle. It is impossible to refinance a home in a chapter 13 without the BK being discharged. For more information, please feel free to email me at Travis.Fleury@gmail.com. I work for one of the largest direct private mortgage lenders in the country, i'd be glad to help answer any other questions.


Is foreclosure done quicker if home has been discharged in bankruptcy?

A home is not discharged in bankruptcy. The mortgage(s) and home equity loans, lines of credit, etc., are discharged, but you have to abandon the real estate in the bankruptcy. That means the mortgagee can go ahead with a foreclosure if there was none before the filing, once the Chapter 7 is closed. Chances are the mortgagee would ask for relief from stay to go ahead with the foreclosure. The trustee may get any excess from the sale, unless it was exempted.


after a chapter 7 is discharged can you file a new chapter 7, if you had filed a 7 but is not discharge, could you file a 13 to save your home. I am not sure when i filed chapter 7 and i am having trobule with employment due to econemy, been through 2 dif?

Yes, Chapter 13s are filed to try to help individuals from losing their houses.


If your chapter 7 bankruptcy was discharged six weeks ago what are your options for a refinance?

You can quite possibly refinance up to 80 percent of the value of your home and get some cashout with a decent rate.


Can you include your home in a bankruptcy after the bankruptcy has already been discharged?

No.


How are patients informed of recovery procedure on being discharged from a hospital?

They will receive written instructions from their physician on restrictions and recommendations for their post-operative recovery at home.


Are there any penalties or fines for selling your home after bankruptcy?

Not after the bankruptcy has been discharged. If the person is participating in a chapter 13 bankruptcy they must have the permission of the trustee/court to engage in any major financial transactions.


Which bankruptcy is for a home?

You can file either Chapter 7 or Chapter 13 as a homeowner. If you are trying to save the home from foreclosure, then Chapter 13 would be the proper chapter.


When was malala discharged from the hospital?

On 3 January 2013, Yousafzai was discharged from the hospital to continue her rehabilitation at her family's temporary home in the West Midlands.


Can a creditor ask for purchased product as collateral in chapter 7 bankruptcy?

Yes. I foreclosed on a home and bought another one cash before being discharged from bankruptcy. I was told by the attorney that creditors can ask the courts and the court will confiscate your purchased product and sell for whatever amount and that amount will be given to the creditor(s).

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