Bankrupcies are not as damaging as many think in getting a mortgage as long as
you have rehabilitated your credit and met the terms of the Bankrupcy. I place conforming loans that are less
than three years out of a chapter 13 bankrupcy all the time. A Chapter 7 bankruptcy is however another story.
Usually under the best of circumstances it means a 5 year blackball with conforming lenders Consumer Credit Counselling
can also reflect equally as a Chapter 13 so consider that carefully.
BANKRUPTCIES & CREDIT COUNSELLING
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