You won't be able to use the old house as "collateral" for another house. How LONG after bankruptcy are you? What are your credit scores now? Will you have verifiable income to service the loan? If you're going to relocate, RENT for a while at the new location until you both have at least 12 months' employment history at the new location and can prove that the existing house can rent with a positive cash flow. Otherwise, sell the old house first.
by Woof - 21 hours ago
Here you can compare different options try it is free PROTECTIONQUOTING.NET- RE Home loan after bankruptcy using free and clear title for collateral? I own a house free and clear but want to relocate due to my wife graduating with her BSN to a larger market. I am a critical care RN and there are jobs in any large market for me. Are there lenders out there that will provide a home loan using my old house title as additional collateral if we decide to rent it out and not sell because I think with down markets and the bankruptcy I will not be able to get a new loan. Any thoughts.
by Hilbert - 21 hours ago
There have been a several options for lending.just you have to choose depending on your purpose.Most people come up with bad credit for a loan.i don't think it is not hard to get now a days with out having fair credit score.check this is place may be a help to find solution. http://www.bestonlineloancompanies.com You can get approved for an online loan on same day.i advise you to pick loan from certified lenders .direct loan is the good choice so that you will get at low apr compared to different states...
by ? - 21 hours ago
NO. Go rent if you can even find a landlord willing to take you on as a tenant. You may have to pay the full year up front.
by ? - 21 hours ago
how were yu ever allowed to file for a bankruptcy is you owned a house with 100% equity in it? that makes no sense - they either would have forced you to sell it to pay your debts or just would not have allowed teh bankruptcy
by Zarg222 - 21 hours ago
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