People buying homes just 3 years after Bankruptcy?
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Posted by Weary Mom on December 28, 2001 at 12:23:03:
How is it that people can buy a home 3 years after a Bankruptcy? My In-laws filed Bankruptcy just 5 years ago and they just purchased a new condo in their name for their daughter. And an accaintance of mine filed Bankruptcy a few years ago and she was able to purchase a huge "new" home just about 2-3 years later, and a new $30,000 car. How is it that they are able to do this? Even my parents said it would be just a few years and we will be amazed at how many credit offers we will get in spite of our filing. They filed Bankruptcy back in the early 70's and it caused trouble for them for many years. But they say that is not the case now. Our credit is already screwed with all the hospitals and credit card companies turning us over to collections and attornies. I don't see why we shouldn't just throw in the towel and file a chapter 13 at least. Thanks for listening and thank you in advance for any responses. Happy Holidays! Weary Mom in Idaho
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