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Can You Get A Loan After Bankruptcy?

Hard money lenders may be willing to lend to individuals with a bankruptcy on their record. Their willingness will depend on several factors, including the amount of risk they are willing to take and the opportunity associated with the property.

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Can You Get A Loan After Bankruptcy?

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  1. search CAN YOU GET A LOAN AFTER BANKRUPTCY? A question many who have filed for bankruptcy ask, once the dust has settled, is will I be able to get a loan after bankruptcy. Choosing or being forced to file for bankruptcy can be seen as a major setback but it doesn’t have to be the end of the financial road. There is life after bankruptcy and it can even be a tool to help individuals and businesses get a fresh start. The answer to that question is often yes but it depends on the circumstances surrounding your bk. What will it take to get a loan after bankruptcy? Your ability to borrow after bankruptcy will depend on several factors including the type of bankruptcy filed and circumstances surrounding your bk. If you foreclosed on a property around the same time as filing for bankruptcy, that definitely complicates the matter but it isn’t necessarily a deal breaker. There are different lenders and loan types available for those who have gone through bankruptcy. In general you will need to wait 1 to 4 years after bankruptcy before lenders will talk to you. Wait periods are typically shorter for borrowers who file Chapter 13 versus Chapter 7. For example, wait times for FHA, VA and USDA loans can be as short as 1 year for Chapter 7 filers. If you are in a hurry to borrow you might also be able to get a hard money loan or bank statement loan sooner than through conventional lenders. Check out our loan programs here. Find out more about typical wait times and where you can get a loan after bankruptcy by clicking on the link below. Read the rest of the article here. Of?ine

  2. Disclaimer: The views, thoughts, and opinions expressed in this article solely belong to the author and are given from the perspective of a real estate investor. They are not intended to be legal advice. You should always consult your attorney and/or other professional advisor when it comes to bankruptcy. Don’t miss out. Click the Subscribe button to receive the latest real estate investor news from CCM-Finance. Subscribe CONTACT US (612)-254-0025 (Phone) info@ccm-finance.com 7801 E. Bush Lake Road, Suite 430, Minneapolis, MN 55439 CONNECT WITH US   Join Our Mailing List Be the first to hear about real estate investment tips and trends. Join our mailing list today. Your Email (*) I'm not a robot reCAPTCHA Privacy - Terms SUBSCRIBE QUICK LINKS  Home  About us  Loans  Fix & Flip Loans  Home builder Loans  Multifamily Loans

  3.  Contact us BORROWER'S GUIDE This guide provides an overview of private money lending for real estate investors. Please enter your email to download your guide (*) I'm not a robot reCAPTCHA Privacy - Terms SUBMIT © Copyright 2017 CCM Finance. All Rights Reserved -- NMLS License #1763971 ;

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