Interest rate , downpayment, willingness of lender to work with you.
2007-01-12 10:41:27 · 2 answers · asked by basestealer2x 1 in Business & Finance ➔ Renting & Real Estate
Federal law prohibits you from buying a home for 2 years. Once the two years has expired, expect to have a serious downpayment. Hopefully during that time you have rebuilt your credit.
For more specifics regarding the 2 year provision, consult with a bankruptcy attorney.
2007-01-12 10:46:21 · answer #1 · answered by bundysmom 6 · 0⤊ 1⤋
There are many mortgage programs now that you may be eligible for a mortgage the day after a bankruptcy has been discharged. Check with your local mortgage broker, but be prepared to pay some hefty sub-prime rates and bring some money for the down-payment and closing costs.
2007-01-12 10:58:03 · answer #2 · answered by RN 2 · 0⤊ 0⤋