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The Bankruptcy Process does Not Have to Stop You From Buying a Home!For many first time home buyers, they have questions about bankruptcy. So what I want to do on this page is provide you with some articles about bankruptcy’s (BK loan officer term) and the effects it may have on you getting a home loan. I had a customer one time that called me up. He had been through a BK a few years before. He was renting and paying over $700 a month. His family was growing and they needed space. After talking with him, I discovered that he had been working hard to get his bills in order. In fact it had been over 2 years since his BK had been discharged. He had a good job, things had improved for him financially and they wanted to buy a house. The only problem was his mental impression of the BK. He thought he had to wait 7 years before he could buy a home! I explained to him that since he was past the 2 year discharge date of his BK, he had re-established credit since that date he likely would qualify for a home loan. He had been working on the same job for several years. His rental history was good. He even had a little money saved up. So he applied for a loan and got pre-qualified and bought a home just a few months later. He and his wife were so happy on the closing day they had tears in their eyes. He thanked me for helping them get a home. He told me again, “I just didn’t think it was possible since I had filed bankruptcy!” Now what’s the moral of this story?? Even if you have filed bankruptcy yesterday, in some cases you can still get a home loan. All you need is the education on what’s available to you. Again, you need someone that knows the loan programs out there, (Since there are thousands, you need this kind of help) and will help you through the process. Below you’ll find links to 9 different articles that explain the bankruptcy process and how you can proceed to get a home loan. If you have any questions, feel free to e-mail me or give me call TOLL FREE at 866.372.0057 ext 224 and I’ll be happy to help you. Read These Articles AlsoBankruptcy Process Alternatives to Filing Bankruptcy Bankruptcy and Bill Collectors
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