How Long Before You Can Get a Mortgage Loan Again?
Written by Emil Fleysher | November 15, 2012 | Bankruptcy
As a Bankruptcy and Foreclosure Attorney, I am frequently asked how long after Bankruptcy, Foreclosure, or Short Sale a mortgage loan can be obtained. While everyone’s situation is different, the following table is a good overview…
|Chapter 7 Bankruptcy orChapter 11 Bankruptcy||4 Years|
|Chapter 13 Bankruptcy||2 Years from discharge4 Years from dismissal date|
|Multiple Bankruptcy Filings||5 Years if more than 1 filing within the past 7 years|
|Foreclosure||3 – 7 yearsDepending on extenuating circumstances which would require additional documentation|
|Deed-in-Lieu of ForeclosurePre-Foreclosure Sale
|2 years- 80% max LTV ratios4 years- 90% max LTV ratios
3 years from completion date
Greater LTV’s can require up to 7 years
If you have questions about foreclosure, loan modification, bankruptcy, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to firstname.lastname@example.org, or complete the contact form below.