0
Is it 5 years after bankruptcy and foreclosure that you can buy a house?
Wiki User
∙ 15y ago
2 years for an FHA loan
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can you buy a house with a 630 credit score a foreclosure and a bankruptcy 2 years ago?
It depends on who you're asking for a loan. But, maybe.
How soon after foreclosure and sale can you buy a house?
3 years
How soon after bankruptcy in Kentucky can you buy a house?
5 years
How soon after a foreclosure covered by bankruptcy can you buy another house through Va?
Assuming you mean the VA (Veterans Administration), you have to wait 2 years, and you must show you are now managing your expenses to be able to afford paying a mortgage.
Can you buy a house with a 740 credit score even though you have foreclosure a few years ago?
Ask your lender.
How soon can you buy a house with cash after foreclosure?
Never.....
Can you buy a house if you have filed bankruptcy?
No.
When can you buy a home after a short sale or foreclosure?
Here are the rules:How long will a former homeowner who sold through a short sale or foreclosure have to wait before they can buy another home?Here are the rules….Waiting Period Requirements to Buy a Home Again.The waiting periods in order to qualify for a home loan after a foreclosure, deed-in-lieu, short sale and bankruptcy varies both by the government agency purchasing or insuring the loan as well as the dollar amount of the loan.Federal Housing Administration (FHA)1) Foreclosure is 3 years2) Deed-in Lieu is 3 years3) Short Sale is 3 years4) Bankruptcy is 2 yearsVeterans Administration (VA)1) Foreclosure is 2 years2) Deed-in Lieu is 2 years3) Short Sale is 2 years4) Bankruptcy is 2 yearsConventional Conforming (FNMA/FHLMC)1) Foreclosure is 7 years2) Deed-in-Lieu is 4 years < 80% LTV and 5 years > 80% LTV for primary residences. 7 years for second homes and investment properties regardless of LTV.3) Short Sales is 2 years < 80% LTV and 5 years > 80% LTV and 7 years > 90% LTV4) Bankruptcy is 4 yearsConventional Non-Conforming (JUMBO)1) Foreclosure is 7 years2) Deed-in-Lieu is 7 years3) Short Sale is 7 years4) Bankruptcy is 7 years
If your house is in forecloure can your spouse buy another house while you file bankruptcy There was a quick claim done to get spouse name off of the title?
If two people owned property, executed a mortgage, and the mortgage is in default, the foreclosure will be filed in both names. It was both mortgagors who defaulted and both will be parties to the foreclosure. If one executes a quitclaim deed to the other that will not stop their being mentioned in the foreclosure.
Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
Do you get the best deal by buying a house at a foreclosure auction?
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
Will foreclosure keep you from buying a house in the future?
It's better to sign the house back to the financer to save them the trouble of going through foreclosure, just for their convenience. If you keep your credit clean for a few (3 or more) years, you should be able to purchase a house, but be prepared to come up with a 20% down-payment and pay higher interest than others. Generally speaking a foreclosure will effect your ability to buy another home for around five years. If you are able to do it a short sale would be a better route than being foreclosed on. You can also consult with an experienced bankruptcy attorney if you have questions.
