My house was sold in forclosure sale Nov 2
I know I have 6 months to redem myself. but I just found another house for sale. I was wondering If I file for bankrupty, will i be able to get a goverment loan on the new house

tickle

why would you want to jump from the frying pan into the fire? If you filed bankruptcy I think you cant have a credit card for a certain amount of time, nor a loan. You lost one house due to not being able to pay, so I dont think the gov. or anyone else for a while will give you a loan to buy one. In any event would you not need a down payment, and if you dont have money, then you wont have that, mmmm ?

Fr_Chuck

First redeem, sorry but I doubt you have any redemption time after it is sold. I have bought several houses over the years and at the fall of the gavel at the sale, I own it, and the previous owner has no right to claim at all after that date.

I doubt that after a foreclosure alone you will not get a new loan, and a foreclosure and a bankruptcy, for sure there will not be a new loan.

ScottGem

There was some discussion in another thread about redemptions. But frankly, I don't buy it. Who would bid on a foreclosure if they have to wait 6 months before they can take possession. Its possible you can redeem the property after its foreclosed on up until its sold by the lender, but once sold, I doubt it.

As for buying a new house. If you had to let your house go in a foreclsure and are comtemplating bankruptcy, where are you going to get the money to buy another house?