We have been fielding numerous inquiries relating to the how long a consumer has to wait to obtain a home loan after going through a bankruptcy, short sale or foreclosure. The rules can be very complicated to understand and each situation has it’s own set of guidelines. First Commerce Financial understands that many people have struggled in the past few years and our goal here is to provide some tools to help understand these rules and how it applies to the consumer and their particular situation
Considering the state of the financial and housing markets I would venture to say that financing will be readily available to those filing a Chapter 13 within two years of the discharge.