Below are the perspectives of some Wiki s contributors about buying a house after bankruptcy:
If you've gone through a Chapter 7 bankruptcy, you need to wait at least 4 years after a court discharges or dismisses your bankruptcy to qualify for a conventional loan. Government-backed mortgage loans are a bit more lenient. You need to wait 3 years after your bankruptcy dismissal or discharge to get a USDA loan.
When you have the money
you can buy a house no matter what book you are reading.
If you had an FHA insured home, you will have to wait for three years after the mortgage company claimed their refund.
The day you are discharged you can buy a car. You need to take proof that you are discharged.
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
After Chapter 7 bankruptcy has been Discharge can buy a home
Yes, you can buy a house for cash after filing for bankruptcy. The only issue is as to where those funds came from. If they were part of your estate at the time of filing and not disclosed, then you will have a problem.
You can buy a car right after you get your discharge papers. Most Car Dealers offer special programs for Bankruptcy Discharges.
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.
As soon as you get the cash to pay for it