Re: buying a house after chapter 13

More | Report Post

On 2/11/04, Johnboy wrote:
> Any kind of bankruptcy hurts your credit rating.
>
> On 2/11/04, Wendell wrote:
>> I'm in the process of trying to buy a house. The lender
>> said that because of my chapter 13 only having been
>> discharged a year ago, that it will be difficult for me to
>> get approved. Is this true? I was told by the bankruptcy
>> court that there shouldn't be a problem, since it was a
>> chapter 13, and not a chapter 7.
>> Thanks for any imput on this.
>> Wendell

If it has only been a year it will probably be rough. The best
thing to do is start establishing credit again. Get a secured
credit card and make sure you charge on it and pay on time.
Then in about a year you should be ok. I know this because I
used to work in real estate and I had many clients in the same
predicament.

Re: buying a house after chapter 13, 2/11/04, by roosta.

Business Law Chatboard

LATEST POSTS | BY TOPICS | SUBMIT A POST