Colorado Law Group, 1777 S Bellaire St, Ste 419 80222 Denver, CO, US

After Chapter 7 bankruptcy, (not to be confused with Chapter 13 bankruptcy rules) the borrower must wait out the FHA's minimum "seasoning" period. At the time of this writing, that period is two years plus any additional amount required by the lender. Some banks will require that a borrower wait a total of three years before applying for a new home loan. Other lenders may be willing to work with qualified borrowers after the FHA two-year minimum for Chapter 7, but it is important to note that the required waiting period begins from the time the bankruptcy is discharged--NOT the time the bankruptcy is filed. https://www.fha.com/fha_article?id=305

Have your unemployment benefits ended? Are you facing an eviction or even foreclosure? Call our office for a competent and informative consultation about options in bankruptcy (720) 262-2711. We understand that declaring bankruptcy is not an easy decision to make. However, knowledge is power and there's never been a better time to empower yourself than now!!!

https://www.cnbc.com//how-coronavirus-set-off-a-bankruptcy

Here is a helpful video on mortgage forbearance. If your mortgage forbearance is up and you are unable to resume payments or pay the forbearance amount, call our firm for assistance with filing bankruptcy (720) 262-2711.