How to Buy a Home After a Bankruptcy, Foreclosure, Or Short Sale2 years ago
Buying a home after you have submitted and put in for bankruptcy is something that is difficult. Your credit score is basically what you live by and when you have to file for bankruptcy, your credit score goes down, down, down and honestly, it can be very difficult for you to recover from that. However, if you are looking for a way that you can so you can buy a new house – you need to do your research.
After you file for bankruptcy, there are many different things that you need to do to ensure that you can actually be trusted by lenders again. The first is make sure that you pay all of your bills on time and do not ever miss a payment, as that is something that will go on your credit and will certainly lower your credit score right away.
Next, you are going to have to wait anywhere from a year to three or four years in order to purchase a new house and even then, you might not get approved – it all just depends.