Blanton Law, P.A.
Free Initial Consultation
941-584-4263

Tips to help you buy a home after bankruptcy

Doing anything after you have declared bankruptcy may be a bit intimidating. Depending on your situation and how many people know about your financial woes, you may find yourself feeling self-conscious about what others think of you or how they will react if they find out that you went bankrupt at some point. At Blanton Law, P.A., we are committed to helping people in Florida to look past their misstep and onto a brighter financial future. 

While bankruptcy is notoriously tied to negative outcomes and opinions, if you go about it the right way and immediately implement changes in your life to prevent it from happening again, it can actually be quite beneficial. For one, it can be a way for you to start out fresh with no outrageous debts or monotonous calls from collections agencies. It can also be an eye-opening experience where you can see what you did poorly before and learn new strategies for managing your finances that will enable you to be confident.

One big decision to make after you have filed for bankruptcy is to purchase a new home. While it may take some time to reach this point, it can certainly be done. According to Realtor.com, depending on the type of bankruptcy you filed, you will need to wait anywhere between two and four years before you apply for a home loan. While you are waiting to be eligible to apply for a home loan, do everything in your power to rebuild your credit score. When the time comes that you are ready to apply for a loan, provide a detailed explanation to your lender about why you had to file for bankruptcy. You can also include current financial records that prove that you have since been reliable in paying debts. 

When you acknowledge that your bankruptcy is something that can be overcome and you actively work toward owning a home, you may eventually be able to successfully manage a mortgage again. For more information, if you are working through bankruptcy, visit our web page.  

No Comments

Leave a comment
Comment Information

Talk To An Experienced & Compassionate Lawyer Today. Call 941-584-4263.

Email Us For a Response

Get A Free Consultation

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations:

Venice Office
1100-C S. Tamiami Trail
Venice, FL 34285

Toll Free: 888-610-0968
Phone: 941-584-4263
Fax: 941-493-5377
Venice Law Office Map

Bradenton
ComCenter at Lakewood Ranch
9040 Town Center Parkway
Suite 204
Bradenton, FL 34203

Map & Directions