Valued Contributor
JM-AM
Posts: 3,302
Registered: ‎06-09-2010
Re: Foreclosure/BK confusion...question

While it seems difficult to understand, it really is pretty simple.

 

You filed BK and those items (homes) were included in the BK. You abide by the BK rules on waiting period according to the type of BK.

 

The only other thing that comes to mind quickly is depending on the type of loan that was included in BK, for example FHA, if you plan on purchasing through FHA you would have to meet their requirements on previous owned homes included in BK.

 

When you decide to purchase, spend some time with your LO and or Broker, they will guide you in the right direction. You can do this over the phone, so you should be able to receive different opinions and compare what is best for you and your family.

Good Luck
May all your dreams and wishes become a reality!