Comments on: FHA loan after bankruptcy? http://www.thelinuxlabs.org/asset-based-loan/fha-loan-after-bankruptcy Loans Thu, 02 Sep 2010 23:06:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: real estate guy http://www.thelinuxlabs.org/asset-based-loan/fha-loan-after-bankruptcy/comment-page-1#comment-479 real estate guy Sun, 28 Feb 2010 00:44:59 +0000 http://www.thelinuxlabs.org/asset-based-loan/fha-loan-after-bankruptcy#comment-479 The clock starts from the date of DISCHARGE. 100% sure of this. In regards to getting a loan. It usually will be 3 years, but it will also depend on your credit score. You may be able to actually get a loan today, but the rate will be around 5% higher then market and you will need at least 20% down, maybe more. There are also other issues that you need to be looking at. Even if the banks don't come after you for the balance because this amount has been discharged with the BK. You will still have a tax due on the discharged amount. These were investment properties. TALK WITH A TAX ACCOUNTANT/LAWYER<br><b>References : </b><br> The timer starts from the date of DISCHARGE. 100% sure of this.

In regards to getting a loan. It ordinarily will be 3 being, but it will also depend on your credit score.

You may be able to really get a loan today, but the rate will be around 5% higher then market and you will need at smallest amount 20% down, maybe more.

There are also additional issues that you need to be looking at.

Even if the banks don’t come after you for the balance because this amount has been discharged with the BK. You will still have a tax due on the discharged amount. These were investment properties. TALK WITH A TAX ACCOUNTANT/LAWYER
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]]> By: Realtoratheart http://www.thelinuxlabs.org/asset-based-loan/fha-loan-after-bankruptcy/comment-page-1#comment-478 Realtoratheart Sun, 28 Feb 2010 00:18:59 +0000 http://www.thelinuxlabs.org/asset-based-loan/fha-loan-after-bankruptcy#comment-478 Richard you sound like a smart and savvy business man, why are you wasting your time asking here? You need legal advise. My best guess, and that is all it can be is 5-10 years.<br><b>References : </b><br> Richard you sound like a smart and savoir-faire business man, why are you wasting your time asking here? You need legal advise. My best guess, and that is all it can be is 5-10 being.
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