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Buying After BAnkruptcy |
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What is the length of time you are eligible to buy a house after bankruptcy? |
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What you're asking, I think, is when might it be possible to get a new mortgage loan after bankruptcy. Although the bankruptcy stays on your credit record for up to ten years, most lenders will consider lending you mortgage money when four years have passed from the discharge, not the filing. When a bankruptcy is due to one big problem and the borrower's credit record has been good up to that point, some lenders require only two years. |
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Edith
Originally published on February 9, 2008 |
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