Skip to main content

Buying a House After Bankruptcy? How Long to Wait and What to Do





Bankruptcy unfairly stigmatizes well-intentioned, responsible Americans who were often put in a situation by external factors. Although for most who have had to file bankruptcy and loose there home. The road to buying another home is not out of reach. Depending on the chapter filing done the next step would be to get in touch with a lender to formulate a game plan to get back on track and into a home. 
Other options worth pursuing if you have a down payment would be to do a lease option to buy. If you were fortunate enought to sell your home and get some cash out this could help you to quickly transition to another home. Lease options will work in your favor with lenders when working towards your exit plan. I have worked with numerous home buyers and sellers working this strategy. Below is another article you can look up for some further action steps from Realtor.com 

Buying a house after bankruptcy may sound like an impossible feat. But it's entirely doable if you take these steps.https://bit.ly/3anFMZV


Comments

Popular posts from this blog

5 Step Strategy for Downsizing Your Home

In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. In fact, the advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained passionate advocates who appreciate the benefits of living simply at any age and stage of life. Not only does a smaller home typically cost less, it also takes less time and effort to maintain.( 1) Whatever your reasons are for downsizing, the process can seem overwhelming. That’s why we’ve outlined five steps to guide you on your journey. And in the end, we hope you’ll find that less is more … more comfort, more security, and more time and energy to spend on the activities and the people that you love.      5 STEPS TO DOWNSIZING SUCCESS Determine Your Goals and L...

Things for Your Kiddo's to DO While Stuck at Home......😃

Are you haveing a hard time finding things to do for your kiddos? What things have you found helpful that you are willing to share. Here are some helpful links and resources I have come across. I hope you find these helpful in your homes. These are recommend for ages K-12. Although my toddler is pretty bright and loves some of these.Quarantine is normal for me especially in the winter as I work from home and have a 3 yr old toddler who definelty keeps me on the run with multi tasking. But I found you have to break things up a bit to stay sane if you know what I mean.  If you try any of these please let me know what you loved or what you found helpful. And if you will be implementing any news things into your routines after we are all set FREE. Enjoy!  Things for Your Kiddo's to DO While Stuck at Home......😃 • Scholastic Learn At Home Program: An activity portal of free daily courses for kids https://bit.ly/2vxRimy  • Mystery Science: Free science les...

What is the MLS? Monica Cook