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Chances For A Mortgage

  Dear Edith,  What are the chances for a separated 52-year-young female, who filed for bankruptcy almost four years ago, who’s never owned her own home and has a good job, to be approved for a mortgage?
 
 

Assuming she hasn’t run up much in the way of new debts, her chances are pretty good.  Some mortgage plans will ignore a bankruptcy  when two years have passed since the discharge (not the filing.)  Other mortgages require four years from discharge.

 

    Edith
Originally published on July 6, 2006
 
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