my chapter 7 was 4 years and I want to find out if I could get financing for a deal?
Done your home-work?
I’d get on phone and talk to as many HML lenders as I could find to find the one who’d work with me.
Nobody can do this for you so you just need to go to work for yourself.
Financing after BK
Financing after BK? Owner Occupied or for an Investment Property? Did you also include a Real Estate Note Obligation in your BK (Deal Changer)? FNMA/FHLMC & Ginnie Mae are the only sources of conventional style money. You will have to wait between 1-4 years to qualify for financing. The wait period however, only gets you in the door. You’ll have to meet other requirements (Income, Credit Substance, Credit Score, Transaction Structure, etc. etc.). If your BK included a Real Estate Note Obligation, the “Wait” period clock starts from the date of Trustee Sale and NOT the BK discharge date.
Feel free to call or email me and I’ll answer your questions. Below, is a good start to understanding mortgage life after a BK or REO.
http://www.beraquit.com/how-to-get-a-mortgage-after-foreclosure-or-short-sale.html
If you are in FL, my company can also assist you.