fha loan and bankruptcy discharge

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Getting an FHA Loan After a Chapter 7 Bankruptcy Discharge. In most cases (but not all), you have to wait two years from the date of your Chapter 7 bankruptcy discharge before you’ll qualify for this kind of mortgage loan.

New FHA Loan – After Chapter 13 Discharge. Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information.

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In September 2011, he filed for bankruptcy and ultimately had the loan discharged, his suit claims. But Navient repeatedly tried to collect on the debt, the suit claims. Now the parent is suing.

The discharge of a mortgage means that the borrower no longer is obligated to make further payments on the loan. A discharge can be the result of the mortgage being paid in full or refinanced by the borrower. A mortgage also can be discharged if the borrower files for bankruptcy.

Foreclosure After Bankruptcy Waiting Period How to Get a Mortgage Right After a Bankruptcy. Many assume that after filing for a bankruptcy (chapter 7 or chapter 13) that you can not get a mortgage for at least 2-3 years after it is discharged.

An appellate court will weigh in on whether loans historically viewed as exempt from bankruptcy discharge can actually be wiped away. A recent court ruling may offer hope for thousands of struggling.

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In addition FHA loans have been helping people become homeowners since 1934. Therefore a perfect credit score is not needed for an FHA loan approval. In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to get an FHA loan than a conventional loan.

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FHA Loan After Bankruptcy . The fha rules state that you must wait at least 2 years after filing a chapter 7 bankruptcy.. Also, keep in mind that the clock doesn’t start upon filing, but rather once the bankruptcy has been discharged. usda loan After Bankruptcy .

May I reopen my Chapter 7 case from two years ago and add a mortgage? I filed Chapter 7 two years ago and kept my home. I’m just caught up on my payments. I want to sell my home but I can’t get out.