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October 30, 2019
Question

Bankruptcy

  • October 30, 2019
  • 2 replies
  • 0 views

Is it possible to purchase the home we are renting at any time during our bankruptcy?

    2 replies

    Employee
    October 30, 2019

    You should check with your BK attorney on this matter (see link below if you need to locate an attorney).

     

    https://www.avvo.com/

     

    Also, check out the web site below for financing information.

     

    https://www.nolo.com/legal-encyclopedia/when-can-i-mortgage-after-bankruptcy.html

    October 30, 2019

    not saying you can't but with your credit score in the crapper and in BK court, what company would give you a mortgage even at usurious rates and how would you come up with the monthly payments?     if you have enough cash to buy the house without a mortgage, I think creditors would want that money to go to reduce what you owe.      if your hiding assets from your creditors,  your next home might be 4 X 6 with vertical and horizontal bars and 1 small window.  

    November 2, 2019

    purchase of a home would be subject to the BK judge and the creditors......