2006-09-28 11:01:33 · 7 answers · asked by WhereIamis 1 in Family & Relationships ➔ Other - Family & Relationships
Since you are asking if I COULD buy a house after filing bankruptcy, I will tell you MY answer. I would find a house that was OWNER FINANCED and PRAY that the owner would be willing to sell to me. I would be confident in convincing them that I am a reasonable risk and will be a reliable purchaser, and then I would begin purchasing the house. OR, I would borrow the largest down payment from a relative that I could and put it in an interest bearing account. Then I would find out how much of a mortgage I was qualified for from there. Note: When I apply for a mortgage with a reputable corporation, I will have to explain where the down payment came from. If I have 80% of the purchase price of a home ANY MORTGAGE COMPANY will loan me the remaining 20%, no matter what was on my credit report. If that didn't get me into the home I wanted, I would think about a loan shark, (or any institution that would loan me the money with outrageous interest rates), and then quickly dismiss that idea. Home values are not on the rise like they have been, so it would be in my better interest to rent than to pay high interest rates on a home that's not worth it. My last resort would be to win the lottery and then I would for sure buy that $1,300,000.00 home on 300 acres. I'm not going count on the last resort, though. I think I better start praying.
2006-09-28 11:40:34 · answer #1 · answered by jesusisthe1foryou 2 · 0⤊ 0⤋
You would be better off checking with an bankruptcy attorney. The new bankruptcy laws that were enacted earlier this year changed everything,
Biggest change is it is now harder to file for bankruptcy, and the terms post bankruptcy are more stringent.
2006-09-28 11:04:05 · answer #2 · answered by OleMarbleEyes 5 · 0⤊ 0⤋
You still should have filed taxes for the past two years, even if you are paid cash. You have committed tax fraud, as others have said. You are not ever going to get a mortgage without have documented proof of income (W-2s and/or tax returns).
2016-03-26 21:49:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You might want to repeat this question under business and real estate to attract people who can best answer your question. Placing this in the forum under "family & relationships" will omit a lot of people from being able to assist you.
Good luck.
2006-09-28 11:03:45 · answer #4 · answered by YRofTexas 6 · 0⤊ 0⤋
Yes, but you have to jump through a trillion hoops, go through a jillion changes. The short answer is Not usually!
2006-09-28 11:04:26 · answer #5 · answered by robert r 5 · 0⤊ 0⤋
Yes you can buy your house and get a loan with no hassles at all.
2006-09-28 11:02:54 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Only if you can find someone to give you a mortgage, and that is NOT very likely
2006-09-28 11:04:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋