Is it possible to get a new home load while in Chapter 13 Bankruptcy?
I have been in Chapter 13 Bankruptcy for 2 years and it will be discharged in 1 more year. Is it possible to get a ,000 – ,000 home loan? If so how and with which lenders?
Actually the court can approve that you can get a loan. The only reason it was filed is bc we had an enormous amount of medical bills. That was it.
Posted October 17th, 2009 in Bankruptcy Q And A. Tagged: chapter 13 bankruptcy, home loan, lenders, medical bills.
Are you kidding? Trying to borrow more money while in CH. 13 could get your case thrown out.
October 17th, 2009 at 7:03 amProbably not. They will see that on your credit report and run away.
October 17th, 2009 at 7:03 amWith permission of the court you can take out new debt while in a Chapter 13.
Becuase this sounds like a cash out, not refi, they will probably require that the proceeds of the loan be used to pay off the Ch13 case.
October 17th, 2009 at 7:03 am