Mortgage Included in Bankruptcy?
Including a mortgage in a bankruptcy will not prevent you from buying again, and you might be surprised at how soon you are able to buy.
The timing for when you are eligible for financing again is going to depend on what happened to your mortgage/home after the bankruptcy, and what type of financing you’re trying to use for the new home.
This is one of those topics that we get thousands of questions about. The guidelines are not very clear, and many loan officers and lenders do not like to work with folks that have a financial hardship in the past.
Luckily, there are loan officers and lenders out there that DO love to help people, and are willing to go the extra mile.
In this episode, Josh and I take you through all the rabbit holes that twist up and confuse most loan officers and lenders about this topic. Trust me, there is light at the end of the tunnel, you just have to know which path to take.
Links and Resources
Below you will find links to some of our most popular articles on this topic, as well as a detailed Boomerang Buyer Survival Guide that includes examples of the documents that we mention in the articles and podcast that you will need to get your loan approved.
- Mortgage Included in Bankruptcy is NOT Free and Clear?
- Mortgage Included in Bankruptcy?
- Waiting Period Guidelines for Buying After Hardship