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Home loan lenders that will approve you after a chapter 13 bankruptcy?
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∙ 14y ago
Your question is too broad and would involve a research project. There is no existing list to fill your request. You will need to call or inquire at the various lenders' websites.
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∙ 14y ago
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Where is the Accredited Home Lenders company located?
The Accredited Home Lenders company was a company which offered home loans. In 2009, Accredited Home Lenders filed for bankruptcy and are no longer in business.
Is it possible to buy a home after filing chapter 13 then chapter 7 bankruptcy?
Yes, it is possible but there are circumstances. Time is a big factor, that is how much time has passed since the chapter 7 was discharge? I know of lenders who will provide loans just one day out of bankruptcy. But a fairly decent credit score has to be there and if its a refinance there has to be some equity in the property.
Can you apply for a loan while in chapter 13 bankruptcy?
Not without permission from the bankruptcy trustee/court. Yes. But you will have to overcome a lot of obstacles in order to obtain one. Some lenders will approve a home loan if you are in Chapter 13 bankruptcy but only after you have paid consistently for one year and have a credit score of 620 or above. Lenders, as a rule, will not consider a loan until you have approval from the Bankruptcy Court. You will have to ask your bankruptcy trustee for approval to get the loan. This trustee will give you an amount you are allowed to finance. Unfortunately, the amount is usually low. Here is an example: Annual income: $100,000 All payments to Bankruptcy Court have been consistent for 2 years. Credit score: 630 Amount needed to finance home: $119,000 Bankruptcy Trustee Loan Approval Amount: $65,000 Although you may qualify to receive a loan in the amount of $119,000, the bankruptcy trustee will only allow you to finance up to $65,000. If you do not have $54,000 to make up the difference.....you will not be able to purchase the home. That being said, it's worth a try. So before you start looking at houses for sale, have your attorney request the bankruptcy trustee for loan approval and what amount. At least from there you will know where you stand.
How hard is it to get financed for a home while in a chapter 13 bankruptcy?
To get a home loan while in chapter 13 bankruptcy is not that hard. The most important aspect of getting approve for a new home loan is your ability to repay the home loan. A lender may approve your home loan but your bankruptcy trustee may not allow you to get a new home loan. What you need to do is contact your trustee and lawyers involved with the case. You will need to get a payment history of your current chapter 13. Very important that you have never been late beyond 30 days for your current bankruptcy. You will need to provide you lender with all of your bankruptcy documentation to get approved for the loan. Once you have contacted your lawyers and trustee, they will request your most recent 2 year tax statements and will ask where is the down payment coming from. This is extremly important, unless you qualify for 100% financing or an FHA home loan. If you prepare yourself correctly there is about a 90% chance that you will get approved for a new home loan. Visit the page listed below for more information. We assist borrowers with purchases after or during bankruptcy to get new home loans. http://www.lowermymortgageratestore.com/BANKRUPTCY_is_bad_FORECLOSURE_is_worse.htm
Can you keep your house after bankruptcy?
Many debtors have this common doubt can I keep my home after filing bankruptcy. The question for this answer is based on the factor determined by the current situation. There are two Chapters in bankruptcy legal process decides whether debtor can enjoy the full rights of having their private property. They are Chapter 7 bankruptcy and chapter 13 Bankruptcy. Chapter 7 bankruptcies rights are crafted in a form of legal structure that you need to walk away from home till you settle your debts. Chapter 13 bankruptcy illustrates individual can stay in their property but need to pay a small amount of mortgage on monthly basis to money lenders. If you have any queries regarding after filing for Bankruptcy process can you keep your house in safe manner or not visit websites like findlaw.com, bankruptcy.expert , lawyers.com to get a clear conclusion.
Am I legally allowed to refinance my home mortgage after filing bankruptcy?
You can legally refinance if you choose to, there are no restrictions from the bankruptcy. With that, you may find that lenders will not approve your loan because of the bankruptcy.
Where is the Accredited Home Lenders company located?
The Accredited Home Lenders company was a company which offered home loans. In 2009, Accredited Home Lenders filed for bankruptcy and are no longer in business.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Is it possible to buy a home after filing chapter 13 then chapter 7 bankruptcy?
Yes, it is possible but there are circumstances. Time is a big factor, that is how much time has passed since the chapter 7 was discharge? I know of lenders who will provide loans just one day out of bankruptcy. But a fairly decent credit score has to be there and if its a refinance there has to be some equity in the property.
Can you lease your home after chapter 7 bankruptcy?
Yes
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Can you apply for a loan while in chapter 13 bankruptcy?
Not without permission from the bankruptcy trustee/court. Yes. But you will have to overcome a lot of obstacles in order to obtain one. Some lenders will approve a home loan if you are in Chapter 13 bankruptcy but only after you have paid consistently for one year and have a credit score of 620 or above. Lenders, as a rule, will not consider a loan until you have approval from the Bankruptcy Court. You will have to ask your bankruptcy trustee for approval to get the loan. This trustee will give you an amount you are allowed to finance. Unfortunately, the amount is usually low. Here is an example: Annual income: $100,000 All payments to Bankruptcy Court have been consistent for 2 years. Credit score: 630 Amount needed to finance home: $119,000 Bankruptcy Trustee Loan Approval Amount: $65,000 Although you may qualify to receive a loan in the amount of $119,000, the bankruptcy trustee will only allow you to finance up to $65,000. If you do not have $54,000 to make up the difference.....you will not be able to purchase the home. That being said, it's worth a try. So before you start looking at houses for sale, have your attorney request the bankruptcy trustee for loan approval and what amount. At least from there you will know where you stand.
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.
Can you keep your home if you file chapter 13 bankruptcy?
yes
Can you file for chapter 7 bankruptcy if you have equity in my home?
Sure.
How hard is it to get financed for a home while in a chapter 13 bankruptcy?
To get a home loan while in chapter 13 bankruptcy is not that hard. The most important aspect of getting approve for a new home loan is your ability to repay the home loan. A lender may approve your home loan but your bankruptcy trustee may not allow you to get a new home loan. What you need to do is contact your trustee and lawyers involved with the case. You will need to get a payment history of your current chapter 13. Very important that you have never been late beyond 30 days for your current bankruptcy. You will need to provide you lender with all of your bankruptcy documentation to get approved for the loan. Once you have contacted your lawyers and trustee, they will request your most recent 2 year tax statements and will ask where is the down payment coming from. This is extremly important, unless you qualify for 100% financing or an FHA home loan. If you prepare yourself correctly there is about a 90% chance that you will get approved for a new home loan. Visit the page listed below for more information. We assist borrowers with purchases after or during bankruptcy to get new home loans. http://www.lowermymortgageratestore.com/BANKRUPTCY_is_bad_FORECLOSURE_is_worse.htm
Is Accredited Home Lenders still in bankruptcy court?
Yes, as of May 15th, 2010 - still going on.
