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Can you get a mortgage with a 593 credit score bankruptcy 2 yrs ago no debt with no active creditors and an income of 32K?
Wiki User
∙ 8y ago
It seems that you would be able to qualify for some loan programs. You could possibly qualify for 100% Conventional financing as well as a FHA 203k loan.
Wiki User
∙ 8y ago
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Can you get a reverse mortgage if you file bankruptcy?
Yes, a reverse mortgage does not have any credit requirements, however if you are in bankruptcy or filing one you may need court approval to do the reverse mortgage.
What are some techniques for avoiding or postponing credit payment?
Negotiating with creditors can help to postpone payments. A lot of mortgage companies will let a person defer interest to the backend of their loan. Finally, bankruptcy is an option.
Can you leave out credit card debts when filing bankruptcy?
no, all creditors must be listed.
How long does it take to go through bankruptcy court?
Bad credit is not the only disadvantage to filing for bankruptcy. The most obvious disadvantage of filing for bankruptcy is that it will ruin your credit for at least 7-10 years. Some other disadvantages include:* Losing credit cards* Losing non-essential possessions* Inability to obtain a mortgage for some time* Embarrassment* Not all debt will be discharged
Is there a bank where you will be able to qualify for a mortgage even though you have bad credit?
Chase will qualify you for a mortgage even if you have bad credit. You can even have filed for bankruptcy
What if you file bankuptcy and have a reverse mortgage?
The reverse mortgage is typically unaffected by the bankruptcy as the mortgage is usually left out of the bankruptcy- that is a conversation you need to have with your attorney however. The bankruptcy court may look at the amount of equity you have in your home and determine what type of bankruptcy you qualify for. A reverse mortgage can even be used to pay off a bankruptcy or a mortgage in foreclosure as there are no credit requirements on them. I suggest talking to a bankruptcy attorney for information on what is available to you from the courts side of things.
If I file for bankruptcy can I still refinance my mortgage?
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
When a creditor is paid-off through a Chapter 13 Bankruptcy is the creditors information automatically removed from your credit history?
No. Sometimes it will be reported as "Included in Bankruptcy"
Is a primary borrower's mortgage or credit affected when the co signer on a loan declares bankruptcy?
no
What does an attorney dealing with creditors' and debtors' rights do?
Attorneys deal with consumer credit regulation, including attachments, garnishments, assignments for the benefit of creditors, judgments, and bankruptcy.
How many years is bankruptcy?
In the US, a bankruptcy will remain on your credit history for seven years, minimum. Creditors may seek to re-add the BK information on your credit report, even after the seven years.
Is it easy to get a mortgage after bankruptcy?
"A bankruptcy will remain officially on your credit report for 7 years in most states. This big mark makes it more of a challenge to get a mortgage at a reasonable rate, but certainly not impossible."
