Hi
I posted this thread to see if you guys had any ideas on this situation I'm in now.
I know the best thing to probably do is wait the 2 years and or rent ,and the video you posted (pbkmaine) is food for thought.
I have my reasons for filing and it was necessary at that time due to extenuating circumstances
I have a good credit score according to the credit agencies and enough money from the sale of my house to afford the down payment .
New laws allow for mortgage approvals after 2 years , no longer do we have to wait seven.
I posted to see if any members knew about a less costly way to get a mortgage not to troll
Thx
You do realise that a mortgage is debt, don't you? I mean, a lot of people seem to think it isn't debt if its a mortgage. Or that its "good debt". In your case, with a recent unexplained bankruptcy, the general thought has to be "for you, no debt is good debt ever again". Or, at least "no debt is good debt until you have paid all your creditors back". And yes, I know that a bankruptcy is the "get out of debt free" card. But that is legally, not morally. If you voluntarily signed up for debt and then decided not to pay it, and now have the money to pay it, you should pay it rather than using that money as a way to get back into more debt before you have paid the last lot off.
And why on earth do you want to buy a house anyway? See pbkmaine's link for all the reasons your thinking is disordered at a purely selfish level as well as morally bankrupt -
http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/I mean, if you have money left from selling your house after going bankrupt, that means that if you hadn't owned a house at the time of your bankruptcy you would have had enough money to pay your debts and wouldn't have had to go bankrupt in the first place, wouldn't you?