can i buy a house after chapter 7

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In this video I let you know how long before you can buy a house after bankruptcy. I am Sonia your local chicago realtor, giving you information and real estate tidbits and solutions to your real.

Buying a home after bankruptcy may seem like an impossible feat, but it’s actually not out of the question. Even if you have a Chapter 7 or Chapter 13 bankruptcy on your credit report, you can still buy a home after a certain period of time.

6. What Different Types of Bankruptcy Should I Consider? There are four types of bankruptcy cases provided under the law: Chapter 7 is known as “straight” bankruptcy or “liquidation.” It requires a debtor to give up property which exceeds certain limits called “exemptions”, so the property can.

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The ability to buy a home after your Chapter 7 bankruptcy has been discharged depends on a number of factors. In some cases, it may actually be possible to do so almost immediately after Chapter 7.

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How soon after bankruptcy can I buy a house again? Sooner than most people think. And for some, it just got even better. That’s because of a new policy from the Federal Housing Administration, announced by FHA Commissioner Carole Galante.