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Generally, immediately after declaring bankruptcy, an individual will be unable to get any home loan of any kind. It usually takes at least two years of good behavior and debt eradication before one could be considered for a loan.
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Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
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.
Are home equity loans are one of the least expensive forms of consumer credit?
Generally, yes, since the home will be used to secure the loan.
Where can someone get the best home improvement loans?
Some of the best home improvement loans can be found online from many sources. Many websites point you in the direction of these home improvement loans, including Realtor and ThisOldHouse.
can you save you home in chapter 7b?
Yes, you need to reconfirm the home loan with the company that provides your mortgage and any secondary loans on the home. Your bankruptcy lawyer will ask you about that and take care of it.
How does the bankruptcy power work?
Bankruptcy plays vital role in your life if you are facing financial problems or having unsecured loans like medical bills, repayment loans,wage garnishment. Filing bankruptcy gives you strong legal protection from your creditors. If some one is facing home foreclosure then filing chapter 13 bankruptcy helps a lot. It stops home foreclosure & bring automatic stay.
Will filing for bankruptcy reduce the principles on student loans and mortgages?
No, filing for bankruptcy does not discharge or reduce the principle on student loans, though the bankruptcy process may put 'recovery attempts' on temporary hold. Regarding mortgages, filing bankruptcy will potentially discharge your debt, though you may lose your home unless you choose to file a Chapter 13, which will allow you to consolidate debts and retain your home if you so choose.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
Could the US government take the proceeds from the sale of you home if you have a judgment against you because of a student loan and you filed bankruptcy?
Yes. Federally funded student loans are not dischargeable in 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.
Are home equity loans are one of the least expensive forms of consumer credit?
Generally, yes, since the home will be used to secure the loan.
Where can someone get the best home improvement loans?
Some of the best home improvement loans can be found online from many sources. Many websites point you in the direction of these home improvement loans, including Realtor and ThisOldHouse.
can you save you home in chapter 7b?
Yes, you need to reconfirm the home loan with the company that provides your mortgage and any secondary loans on the home. Your bankruptcy lawyer will ask you about that and take care of it.
Where can someone go to obtain a bankruptcy home loan?
To obtain a bankruptcy home loan one could make an appointment with their local bank to talk to an advisor. One could also make an appointment with a bankruptcy lawyer.
How can someone secure the best home loan rate?
The higher one's credit score, the better the interest rate on a home loan. One must also compare a number of types of loans from various lenders to insure the best loan rate available.
Where could someone find online home loans?
You can find online home loans available from many different companies. Some companies that offer home loans online include Lending Tree, Wells Fargo and Chase.
How long does it take to get home equity after bankruptcy paid off loans and you have bad credit?
The time it takes to get home equity paid off after bankruptcy and bad credit will vary depending on how bad the credit score. It will also depend on which lawyer and banks are involved.
