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Is it possible to buy a home while in Chapter 13 bankruptcy?
June 29, 2022
By Diane Drain Attorney & Retired Law Professor
There is no one-size-fits-all solution to this question; it is determined by the lender, trustee, and court. However, you must first seek legal counsel from your attorney. Before you go on this journey, you’ll need permission from the Trustee and the Court. Some predatory lenders will gladly charge you exorbitant interest rates if you want to buy a house. The longer you wait in your Chapter 13 case, the better interest rate you’ll get. Most good lenders will probably write a new loan after 18 months of excellent payments to your Chapter 13 Trustee and mortgage lender.
By Diane Drain|Published On: June 29th, 2022|Last Updated: September 14th, 2022|
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