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|
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
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You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
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