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You can get a mortgage after declaring bankruptcy, but how soon depends on the type of mortgage and the type of bankruptcy you filed. Depending on whether you filed Chapter 7 or Chapter 13, it'll ...
Sometimes, you can apply for a mortgage right after your bankruptcy is discharged or dismissed. But in most cases, you’ll need to wait. Chapter 7 is the most common form of bankruptcy, allowing ...
Seasoning requirements can also apply to getting a loan after bankruptcy or foreclosure, and to mortgage refinances. For mortgages, money becomes "seasoned" after it's been in an established ...
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
If you're considering loans after bankruptcy, expect to wait at least a year or two before qualifying for traditional loans. When you're going through bankruptcy, applying for a loan might be the ...
Ownit Mortgage Solutions Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender ...
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