FHA Mortgages 2 year wait time after Chapter 71 year wait time after Chapter 13 Bankruptcy. You must have made 12 payments on time to the trustee and must have trustee and judge approval to purchase another home.3 year wait time after foreclosure.3 year wait time after short sale if there were any mortgage late payments in the 12...Read More

What is a Deficiency and Why Should I Be Worried? A deficiency balance is the difference between what you owe and what your house is worth or would sell for today if you were to short sale or foreclose. The sale would not net enough money to pay off the debt. You would still be responsible for...Read More

What is a Chapter 11 Bankruptcy? Chapter 11 Bankruptcy is usually for businesses or individuals with a large amount of debt to reorganize. This type of bankruptcy is called a “reorganization” bankruptcy. When choosing among a Chapter 7 Bankruptcy, a Chapter 13 Bankruptcy, or a Chapter 11 Bankruptcy, it is best to consult an experienced bankruptcy attorney...Read More