After going bankrupted can u still buy a home?
My sister is going to go bankrupted soon and we wanted to buy a house but is that going to effect anything. Is it going to make it easier or harder specially with the economy? How long after going bankrupted will she be able to buy a home? "She will be a first time buyer"
If your sister is in the process of going "banrupted" (the word is bankrupt) she is obviously NOT in a position to be buying a home or asking for a loan to do so! People go bankrupt for many reasons, but one is because they cannot pay the bills they do have.
Yes, it is going to affect your ability to buy a house if you are hoping that her bankruptcy won’t be taken into account.
Don’t be planning on buying and getting the 1st time buyer credit unless you can buy this place by yourself. Your sister will not be able to buy a house for at least 3 years after her bankruptcy is discharged. Even then, she may have a hard time convincing a lender.
February 17th, 2010 at 9:35 pmyes if u don’t give up
February 17th, 2010 at 9:35 pm