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bankruptcy moved states

do laws differ from state to state regarding bankruptcy and the waiting period following discharge? if I filed for chapter 7 bankruptcy in Florida in 2010, will I be able to get a mortgage in New York this year if my credit has improved? how long do i have to wait to get a loan? by PFreme_354_606 from Plattsburgh, New York. Aug 13th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

FHA waiting period is 2 years from the discharge date. If there was a home involved and it went back to the bank (foreclosure) then the waiting period is 3 years from the date the property was transferred out of your name.. (Not the BK discharge date).. it won't matter where in the US you decide to move to, FHA guidelines are the same.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Aug 13th 2012
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Thomas J. Liolos (tliolos)
#38 ranked lender in New York - 16 contributions

The Mortgage Laws are the same nationwide - if you discharged a BK anywhere - FHA states that you can purchase as long as you are 2 years from the discharge date. Conventional loans will require you to be 4-5 years from discharge........

Aug 13th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

24 months from discharge or 36 months from foreclosure. Email me more info and i will be happy to answer any other questions you have. PBotros@OmegaLoans.net

Aug 13th 2012
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LISA OGLESBY (ctcloan)
#160 ranked lender in Florida - 13 contributions

It's all the same to the banks - 2 years after date of discharge for FHA financing. You must have re-established credit, have no bad credit since the discharge and if you discharged any mortgages in the bankruptcy - you will have to wait 3 yrs after the discharge date at lenders see that as the same as a foreclosure.

Aug 13th 2012
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