Forgotten Your Password?

Need to Register?

Question Icon

Will HARP lenders be able to help after a chapter 7 bankruptcy

by MrSilv_731_476 from Miami, Florida. Mar 25th 2013 Reply


Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions

Yes they will...providing you are at least two years past the date of your chapter 7 bk discharge. Be patient, reestablish some credit,and save. You will get to that point in no time!

Mar 25th 2013
1
0
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Yes, but there are some potential issues. If your mortgage was delinquent prior to the bankruptcy, the wait may be longer. If the lender actually started the foreclosure process, then getting an approval is near impossible. You would actually have to convince your bank to remove any language from the credit reports that referenced the foreclosure process started. Finally, if you did not re-affirm your mortgage debt, and most Bankruptcy Attorneys discourage re-affirmation, then your bank is not going to help you change the credit report. If you were not delinquent prior to the Bankruptcy and / or the lender did not start foreclosure proceedings, you could be eligible in as little as two years from the date the bankruptcy we discharged by the court. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Mar 25th 2013
1
0
Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

how long after a chapter 7 are you looking for ?? www. HOMEMORTGAGEXPERT.com

Mar 25th 2013
0
0
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Wait 24 months, re-establish consumer credit.

Mar 25th 2013
0
0

Thank you very much. Being patient isn't my strong suit, but reestablishing good credit is what I'll be working on while I wait!

Mar 25th 2013
0
0
Subscribe to our news feed.