I have been through bankruptcy chapter 7 and chapter 13. What steps can I take in order to buy a home? Is there hope for me to live my dream?
2006-12-25 18:06:29 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
No matter what, don't give up on your dream!
2006-12-26 03:27:36 · answer #1 · answered by Val 2 · 1⤊ 0⤋
You need to sit down and consult with an experienced Loan Officer. Together you will complete a detailed application and pull a 3 bureau credit report. From there you will strategize a game plan so you are in a home within a realistic time frame you set. Stick to your game plan and get that house!
2006-12-26 20:22:26 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Little known company called NACA - www.naca.com
they will fix your credit and give you debt counseling for free, then set you up with a good loan with a good interest rate - will lend up to 100% of the purchase price. Have heard about it from a few friends, they said it worked out well - but program might not be available in your area - so check with them before you get too excited :) Good Luck.
2006-12-26 16:02:33 · answer #3 · answered by doe2711 2 · 1⤊ 0⤋
There is so many programs available for people out of bankruptcy. I co-own a brokerage and work with many lenders who deal with people even one day out of court! It would be easier for you to deal with a broker than a lender such as B of A or Wells because their criteria is harder to match.
2006-12-26 03:44:29 · answer #4 · answered by K_A_Y 2 · 1⤊ 0⤋
Check with the Fanny Mae Foundation: http://www.fanniemaefoundation.org/
I don't really know how their whole thing works, but maybe it's a start. Good luck!
2006-12-26 02:12:33 · answer #5 · answered by concretebrunette 4 · 1⤊ 0⤋
Its always easier to buy your first home, even with bad credit.
2006-12-26 02:09:31 · answer #6 · answered by Dr Dee 7 · 1⤊ 0⤋
I would suggest you speak with a mortgage professional who would give you an idea on what needs to be done.
2006-12-26 02:09:37 · answer #7 · answered by ? 3 · 2⤊ 0⤋
Send the details of your case at kishaloy_bhowmick@yahoo.com
regards,
kish
2006-12-26 17:52:56 · answer #8 · answered by kishaloy_bhowmick 2 · 1⤊ 0⤋