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Dro270

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I filed backrucy back in december is there any way i coukd get a home loan to be able to buy a home?
We are renting a home and the landlords has put it up for sale. With my bankrucy is there a way i can buy this home?

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if it's a BK 7, you'll need 2-4 years from DISCHARGE, if it's a BK 13, you'll need a couple years out for conventional financing. for a government loan, you could potentionally get one after 12 months from filing date. this assumes all payments are made on time, and the court approved you taking on the debt. these are NOT easy loans to get a lender to go for. another option is seller financing. if the seller is willing to hold a mortgage, that could be a route. you have a mortgage drawn up and file it at the courthouse just as a lender would. set an interest rate, and pay him the mortgage. the anticipation is that after a few years you can refinance into a conventional loan. or keep the mortgage private, if they want the interest! 

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