home loan after chapter 7 discharge

Financing: When can I get a home loan after a chapter 7. – A chapter 7 bankruptcy (liquidation) does not disqualify a borrower from obtaining an FHA-insured mortgage if at least two years have elapsed since the date of the discharge of the bankruptcy. During this time, the borrower must have re-established good credit, or chosen not to incur new credit obligations.

Post-Discharge Loan Modification with Partial Claim Gets Servicer in Trouble with Bankruptcy Court – The U.S. Bankruptcy Court of the Southern District of New York recently sanctioned a mortgage. a discharged debt-especially after the debtor voiced “objections and concerns.” The court held that.

Can You Reaffirm A Mortgage After Bankruptcy? – If you own a home and file for Chapter 7 bankruptcy, your lender might ask you to sign a reaffirmation agreement. Here’s what it means, and why you may want to think twice.. After you discharge your mortgage obligations, the lender isn’t allowed to report your payments to the credit.

What happens to mortgage after bankruptcy? – I have tried to resolve the issue with the mortgage company but haven’t had any luck. Due to other circumstances, I must file chapter 7. your home in foreclosure. Some states allow a mortgage.

She has no home, car or job after bankruptcy, but still owes for student loans – Her case illustrates how difficult it is for borrowers to discharge student loan debt in bankruptcy. to be with her boyfriend. After a few brief stints, including a job at Whataburger, Thomas filed.

How to Restore Your Credit Score After Bankruptcy How to Reapply for a Mortgage After Bankruptcy: 9 Steps – You may be able to get a conventional loan from Fannie Mae or freddie mac 2 years after Chapter 13 if the case was filed or dismissed 4 years ago. You must wait 4 years after a Chapter 7 bankruptcy was discharged or dismissed.

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FHA Loan Rules for Borrowers After Filing Bankruptcy – As with Chapter 13 bankruptcy, FHA regulations demand a full explanation to be submitted with the FHA home loan application. To get a new FHA insured mortgage loan after Chapter 7, the borrower must qualify financially, establish a history of good credit in the wake of the filing of the Chapter 7, and meet other FHA requirements.

What Happens if a Bank Discharges a Home Loan During a. – Chapter 7. In a Chapter 7, the bankruptcy discharge eliminates your responsibility to repay the mortgage, which means the mortgage company cannot file a lawsuit against you to obtain the remaining balance on the loan.

Indiana Bankruptcy Laws – Chapter 7 or Chapter 13 bankruptcy? – There are several situations where a Chapter 13 is preferable to a Chapter 7. A Chapter 13 bankruptcy is the only choice if you are behind on your mortgage or business payments and you want to keep your property, either in Indiana or another state, at the end of the bankruptcy process.