Q: I want to know if I can buy a house after a chapter 13. I was discharged August of last year.
?Anonymous, Roswell, GA
A: Some people can qualify for an FHA loan with Chapter 13 in as little as 12 months.
Aram Shah is a Realtor? with Florida Capital Realty in Doral, FL.
A: The ?norm? is 2 years after discharge. However, if you?ve begun to re-establish good credit you may be okay. Seek the advice of a reputable mortgage representative.
Maria Picardi-Kenyon is a Realtor? with Re/Max Tri County Realtors in Hamilton, NJ
A: It?s my understanding that with a chapter 13 you can buy a year after the bankruptcy and with a Chapter 7 two years after provided there are no short sales or foreclosures on your record or any mortgage loan lates. That is only with FHA financing. My suggestion would be to contact your local mortgage professional.
Paola Martinsen is a Realtor? with Equity Real Estate ? Premiere Elite Branch in Murray, UT.
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Source: http://rock-n-rollrealestateagent.com/can-i-buy-a-house-after-filing-chapter-13/
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