Tuesday, December 11, 2012

How Soon Can You Buy a Home After A Bankruptcy or a Short Sale?

http://www.inlandempirerealestate.kwrealty.com

Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty


I get asked this question all the time, how long do I have to wait to buy a home if I have filed Chapter 7 Bankruptcy?

Typically, it is ONLY 2 years after filing your bankruptcy-which this is not bad.

Another question that I get asked all the time is how long do I need to wait to purchase a home after I have had a short sale on my home?  The answer to this is 3 years.  I know many people will tell you 2 years, but typically it is 3 years.  Of course, this depends on your credit as well if you have more collections on your credit report etc.

If I can help you with any of your real estate needs in the Inland Empire, just give me a call!

Joan Patterson, B.A, G.R.I., Realtor, License #01431647
Keller Williams Realty
http://www.inlandempirerealestate.kwrealty.com
951-204-1864

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