July 16th, 2008 by Questions
Can someone buy a home after they have gone bankrupt?
Posted from: Ontario
July 17, 2008 at 5:53 pm, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:
There is nothing legally to prevent you from buying a home after you have filed for bankruptcy. However, there will be some logistical difficulties in finding a lender who is willing approve you for a mortgage. Most institutions stipulate at a least they want to see 2 years since the bankruptcy is filed and some efforts made in that time frame to rebuild your credit.
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