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Forced into bankruptcy but we need a house NOW!

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tiasha

Guest
What is the name of your state? Ohio

In December of 1999 we purchased a home and made the mistake of not doing a final walk through of the home prior to closing. After closing we went to the house and discovered that the sellers had the utilities turned off early and as a result of this the entire hot water radiator heating system and the plumbing system was ruined. We made every attempt possible to resolve this with our realtor and the sellers but to no avail. The sellers filed for bankruptcy which ended our hopes of having the house repaired. We ended up with over $100,000 worth of damages to the house. We faithfully paid the mortgage on this uninhabitable home in hopes that someone would take responsibility for the damages but we had to finally face the fact that that would never happen. We certainly could not afford to make the repairs and could no longer afford both a mortgage payment and a rent payment. As a result of this my husband was forced to file for bankruptcy in order to let the house go. We are doing everything that we can do to repair our credit situation. The bankruptcy was discharged in August of 2001. Is there anywhere that we can go to find help with getting a mortgage? We have documentation to verify what has happened to us.
 


bigun

Senior Member
Check out FHA mortgages . They are not score driven and with 2 years of clean credit post bk you can qualify for a loan with conventional rates.
 

HomeGuru

Senior Member
Contact a mortgage broker as there are conventional lenders who have programs for those that filed BK and the discharge date was 1 day-2 years.
 

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