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What else can I help you with?
If your chapter 13 was closed and dismissed and your credit score is excellent can you buy a house or car right away?
Typically you have to wait 2 years to apply of a homesteading loan. But have to wait a minimum of 6 months for an auto loan.
How long after filing chapter 7 buy a house using your veteran loan?
According to some commercial VA loan companies, you have to wait for 2 years after your discharge to start the process. As soon as you can find a willing lender/bank/mortgage company after that time. You will have to improve your credit, which may take a few years.
How long do you have to wait in order file file chapter 7 bankruptcy again?
chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.
Can you get financed for a mortgage if you are a first-time home buyer but filed Chapter 7 bankruptcy?
Yes, if it's has been more than 2 yrs. since your bankruptcy and you've paid all your current bills on time.AnswerI am a mortgage banker and I've made helping people with bankruptcies my specialty. I'd like to correct the person who posted above me, for an FHA loan you must wait 2 years after discharge. But you do NOT have to wait 2 years, you can actually qualify for up to 100% financing 1 day after a discharge of your bankruptcy, literally a single day out of discharge. You can also qualify for a loan while you are still in a chapter 13 re-payment program as little as 1 year from your filing date. You don't have to wait until your chapter 13 is paid off to get a loan or refinance your existing one and the best part is that you can payoff your chapter 13 balance during the refinance using equity from your property.
How many times can you file Chapter 7 bankruptcy in a lifetime?
Under the new law taking effect on 10/17/05, you need to wait 8 years after a Chapter 7 discharge before you are eligible for another Chapter 7 discharge.
Can you file for chapter 13 bankruptcy more then once?
Yes, but if you have previously filed a chapter 7, you must wait 4 years before allowed a chapter 13 discharge.
If a parent wants to sell you their home cheap but you are going to a Chapter 7 hearing soon can you buy the house or how long do you have to wait?
You must wait until your Chapter 7 is discharged before entering into any financial obligation such as a loan, land contract or purchase agreement. This also includes the purchase of vehicles and merchandise.
Can you file chapter 13 bankruptcy in June 2010 after filing chapter 7 bankruptcy in June 2006?
You can file Chapter 13, but you would need to pay all creditors in full because you are not eligible to receive a discharge. If you want file Chapter 13 and receive a discharge, you must wait to file until 6 years have passed since your Chapter 7 case. You would to wait 7 years if you want to file another Chapter 7 case.
How long do you have to wait to refinance with a traditional mortgage company or the government HARP program after a chapter 7 bankruptcy I have a Fannie Mae loan and my discharge is almost 2 yrs old?
After a Chapter 7 bankruptcy, you typically need to wait at least four years to refinance with a traditional mortgage lender. However, if you have a Fannie Mae loan and your discharge is nearly two years old, you may qualify for refinancing under the Home Affordable Refinance Program (HARP) if you meet other eligibility criteria. It’s advisable to check with your lender for specific guidelines and to confirm your eligibility for refinancing options.
How long do you have to wait to file another chapter 7 if you filed one before the new bankruptcy laws took affect?
8 years from the date of discharge of the previous chapter 7.
If you file chapter 13 and have a foreclosure are you still able to obtain financing for a home?
Absolutely, there are many programs available to assist existing home owners as well as home buyers with financing home loans after bankruptcy and foreclosure. To obtain a home loan while currently in a chapter 13 bankruptcy it is very important to establish a good payment history. The company that will approve you for a home loan will need to have your payment history. They will also contact the trustee of your chapter 13 bankruptcy to receive permission or an ok to proceed with your home loan. To obtain a home loan after chapter 13 bankruptcy you will need to provide the following to your loan officer. Original schedules of your bankruptcy Discharge documents of your bankruptcy Proof that you have a satisfied discharge Proof that you have established new credit To obtain a home loan after a foreclosure. Maintained or established new credit Applying for an FHA Home Loan there is a waiting period of three years after the foreclosure proceedings have been completed. For Conventional Home Loans you will need to wait five years. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com 480-621-4270
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.
