Is it possible getting a mortgage after a bankruptcy?

Do you mean that you already have one house and want to buy a second one after you’ve had a bankruptcy? If so, I can’t help you.

If you mean that you lost a previous house because of bankruptcy, and now that the bankruptcy is over, you want to buy a new house. Here’s what it says. https://www.realtor.com/advice/finance/buying-a-house-after-bankruptcy/

I think it usually takes 7 years for a bankruptcy to drop off your credit report. Some lenders do give mortgages before the seven years passes. You’ll probably pay a high interest rate.

Ask the lender how high the monthly payment can be with your numbers. Usually, lenders will lend more than any sane person would want, but if you have bad credit the number might be very low.

@honeybun35 I get that you’re trying to get a house but this really is not the time to buy. This may especially be true for you if you have had a bankruptcy. Like @JLeslie mentioned it takes seven years for that to get cleared off your credit. This is the time to rent, save and get your credit in order. By the time the housing bubble pops you may be ready.

If you have declared bankruptcy recently and are now trying to buy a house, it will be very difficult. I had to declare bankruptcy long ago. My credit score was shot. I ended up getting a used car loan at an outrageous interest rate just as an effort to restore the credit. I paid it off on schedule and didn’t make any late payments. I didn’t pay it off early even though I could have. It took 4 years (if I remember right) and the bankruptcy stays on your credit for 7 years. But at the end of the time it had been 6 years since the bankruptcy and my credit score was back to a place where I could get loans and not pay loan shark interest rates.

I’d suggest you are in the same situation, though trying to buy a house will likely be impossible. If you recently declared bankruptcy you will be viewed as a poor risk for a loan. You’ll have to restore your credit first and that could take some time.

It will haunt you for a long time.
Would YOU want to lend money to someone who defaulted on every single one of their bills?

A ch. 13 bankruptcy stays on your credit report for seven years; a ch. 7 will remain there for 10 years. There are a few exceptions which, if applied to you you would have mentioned here. You will have a hard time getting a mortgage while a bankruptcy remains on your credit report. If you can avoid bankruptcy, do. A Ch. 7 clean slate sounds good but is haunting.

I had a friend who did manage a loan post-babkruptcy but they cleared it all up, worked hard and had a large downpayment and excellent work history.
They wanted to adopt and needed the room.

No house was lost. I didn’t loose anything. My chapter 7 was in 2018. I recently sold my house last Dec and now trying to purchase another home.

Your bankruptcy remains on your credit report for ten years, so it will be there for 5 more years.

Soni can’t buy another home?

Check with a lawyer that specializes in property and house sales.

Do you still have contact with your lawyer from the bankruptcy ?

No his office closed since