Many people fear they will not be able to purchase a new home after filing bankruptcy. This is simply not true! While there is a waiting period, how long you wait depends on what type of bankruptcy you file and what type of loan you are applying for. You can buy a home as quickly as 2 years after filing a chapter 7 bankruptcy, and we have actually had clients buy homes during chapter 13 bankruptcy.
If you file Chapter 7 Bankruptcy:
If you file Chapter 13 Bankruptcy:
* Buyer must receive court permission to enter mortgage.[/styled_box][/col][/row]
Our law firm has expertise in helping our clients purchase homes after filing bankruptcy. You can find us on Google+. If you have questions about home purchase time limits in bankruptcy or you live in Atlanta and are considering filing either chapter 7 or chapter 13, give us a call at 404-585-0040. We can help!