Many clients have been asking lately about how filing bankruptcy will affect their options with regard to obtaining a mortgage or refinance. The short answer is that “it depends.” What does it depend on? 3 things…
(1) whether your case was filed as a Ch. 7 Bankruptcy or as a Ch. 13 Bankruptcy;
(2) whether your case was “dismissed” or “discharged”; and
(3) what type of mortgage loan you are applying for.