Saturday, February 20, 2010

Filed for Bankruptcy and got house Foreclosure...How many years do I have to wait until I can buy a new house?

Thanks for any help in advance ! If you have any questions so you can answer the question better, please ask! :)Filed for Bankruptcy and got house Foreclosure...How many years do I have to wait until I can buy a new house?
I think you need to talk to the bank. Did they release you from your mortgage as part of the foreclosure? That would make a difference for your credit rating. If you did not get a clear release from the bank, I believe you have about 7 to 10 years to get your credit cleared up. If you were cleared by the bank, it will take approximately 3 years to reestablish your credit.





Good Luck!
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