Bankruptcy And Buying A House - Is It Smart To Buy A House After Bankruptcy? By Steve Edwards, Port Angeles Real Estate Agent
By Steve Edwards
Port Angeles Real Estate: Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home. Reasons to Delay the Port Angeles Home Buying Process after Bankruptcy If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is a black cloud that looms over your credit report. When any prospective lender reviews...