I am on social security disability. Had good credit until my work related injury as a state employee in 2004, now credit in poor condition with bankruptcy in 2008. 4 years in navy. What are the chances off purchasing a home. Currently own a mobile home renting a lot? Income $1400.00 monthly. Pending settlement with workman's compensation.
Sell My Note
Lenders require 2 years from a Chapter 7's discharge before issuing a mortgage. That's the bad news. The good news is there are a ton of desperate home sellers who will give you owner financing in order to sell a home. Most require 10% as a down payment. Many will even give you a great interest rate. Your best bet is with someone that has little or no mortgage on their home. Good luck.
Ron
Sell My Note Guy
Here are some useful links for information on bankruptcy , debt consolidation and for getting help with credit card debt .
I think if you have a big enough down payment then anything is possible. If you are trying to buy right after bankruptcy with little down payment then that would be quite a hard task I am afraid.
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