Unlock The Power of Buying a Home After Bankruptcy…Quickly!

by John G. Merna, Esq.

The Secret Of Buying A House After Bankruptcy

One of the biggest bankruptcy secrets is about the power to buy a house after a bankruptcy discharge in as short as 12 months.  Yes, you can buy a house after a bankruptcy Chapter 7 in about a year!  The 12-month timeline is a difficult one.  However, the surprise is  the standard timeline for an FHA and VA home loan is 24 months.

More Secrets: You Can Buy A House Even While In A Chapter 13 Bankruptcy

Yes. You are reading that correctly.  You can buy a house in a Chapter 13 Bankruptcy repayment plan after 12 month with evidence of on-time payments to the court and other qualifying requirements.  So the mistake most people are making is the mistaken assumption that bankruptcy holds them back.  It does not.  Fear and misinformation hold you back.  

What Does This Mean?

The fact that you can purchase a house as quickly as 1 year after a bankruptcy discharge shows you have been misinformed. Common errors:

• how long a bankruptcy is on your credit report is not the same as how long filing affects your credit.

• misinformation from friends, family, and some misinformed attorneys are providing  about the impact of bankruptcy is very wrong.

• where you are now, overwhelmed and possibly behind on bills, is not better then where you will be after a bankruptcy.

What The Lenders Are Saying

Don’t be mistaken. It doesn’t mean it will be easy to purchase a house 

We have put together a chart below to outline the type of lender, the timeline to qualifying after a bankruptcy, 

Watch the video on this page to learn more.

The sooner you eliminate your debt the quicker you are on the path to purchasing a home.  Call Merna Law today at 800-662-8813.