Purchasing a home in this day and age, having good credit is something that can truly help you not only get the home that you want, but also get the price that you want. What happens if you want to buy a home after you have gone into bankruptcy or foreclosure though? Well, there are some things that you can do – after all, everyone in the world should have a chance to buy a new home and that is what we are going to help you do!
One of the first things that you need to be is organized. You want to make sure that you mark your calendar accordingly, that way you know exactly when you can start purchasing your new home. If you have filed for Chapter 13, bankruptcy then after 1 year, you can get a new home. If you have filed Chapter 7 bankruptcy, you can buy a new home after 2 years.
The next thing we are going to explore in the next blog is if you foreclosed on your home, what you need to do in order to get a new one!