My mom, who has great credit at the moment has offered to co-sign on a house for me, but may be filing chapter 7 in a year or two. I was wondering if there would be any way they could take my house when she does.
Also, my credit is horrible right now - about 530 and declining. I will be filing chapter 7 in the next few months. First of all, what are my chances of getting a house right after discharge with a cosigner with very good credit? Second, if I can get one right after discharge, would it be easier, credit wise, before (with horrible credit), or right out of bankruptcy? I know they wouldnt be able to take the house with the bankruptcy according to my state law (Kansas), so that's not my concern. I just want to know if its possible with my situation, and if so should I try before or after bk? I'm not sure how much a cosigner with credit as good as my moms will persuade them to look past my bad credit.
Also, my credit is horrible right now - about 530 and declining. I will be filing chapter 7 in the next few months. First of all, what are my chances of getting a house right after discharge with a cosigner with very good credit? Second, if I can get one right after discharge, would it be easier, credit wise, before (with horrible credit), or right out of bankruptcy? I know they wouldnt be able to take the house with the bankruptcy according to my state law (Kansas), so that's not my concern. I just want to know if its possible with my situation, and if so should I try before or after bk? I'm not sure how much a cosigner with credit as good as my moms will persuade them to look past my bad credit.
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