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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.
yes, but it will depend on what you have done since the bankruptcy and of course the lower your score, the higher your interest rate will be. Best thing is to clean up your credit as much as possible and get some revolving and installment accounts. Keep them in good standing. You will need cash down too in this market.
No.
Don't sell the home without legal council. It'll be impossible to re-buy later (given the scant information I have at hand).
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.
After Chapter 7 bankruptcy has been Discharge can buy a home
maybe
NO
You can buy it from the bank
Yes, as soon as you reestablish your credit to the lender's satisfaction.
Yes. You can buy one too. But getting a loan may still well be impossible.
Yes but your interest rate will be very high
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
yes, but it will depend on what you have done since the bankruptcy and of course the lower your score, the higher your interest rate will be. Best thing is to clean up your credit as much as possible and get some revolving and installment accounts. Keep them in good standing. You will need cash down too in this market.
No.