While the home inspector might be someone that is very important to deal with, there are a few other details that you might want to take into consideration whenever you are looking to purchase a home.  For example, why do we do home inspections?

One of the major reasons why we should get a home inspection has got to be to ensure that home is going to be livable and that you are actually going to be making an investment.  Home inspectors are going to give you the truth and nothing but the truth.

You always want to make sure that you are buying an investment whenever you get a home and that is what a home inspector will do fro you!

Now that we have talked about the time it takes for you to get a new home if you file for bankruptcy, it is now time for us to touch base on how you can get a new home for if you have foreclosed on your house.

If you had a foreclosure, you need to wait about three years from the date of the sheriff’s sale/auction or short sale on your previous property.  There is only one exception to the rule and that is what is called a ‘documented extenuating circumstances’, these include death, job loss or disability.  Even then, it is mostly at the lenders discretion.

It is obvious that if you have foreclosed on a home or went into bankruptcy, you are not going to have stellar credit – that is something that you want to work on.  You want to make sure that you get back into the perfect credit area – that includes paying your bills on time and making sure that your credit score stays between 620 and 740+.

Purchasing a home in this day and age, having good credit is something that can truly help you not only get the home that you want, but also get the price that you want.  What happens if you want to buy a home after you have gone into bankruptcy or foreclosure though?  Well, there are some things that you can do – after all, everyone in the world should have a chance to buy a new home and that is what we are going to help you do!

One of the first things that you need to be is organized.  You want to make sure that you mark your calendar accordingly, that way you know exactly when you can start purchasing your new home.  If you have filed for Chapter 13, bankruptcy then after 1 year, you can get a new home.  If you have filed Chapter 7 bankruptcy, you can buy a new home after 2 years.

The next thing we are going to explore in the next blog is if you foreclosed on your home, what you need to do in order to get a new one!