First Off - First Time Poster to this forum
OK -
We filed for Chapter 7 in October of 07. I think we were discharged in June of 08. Since I have been looking through these postings, I see a new date below some signature marked "Closed".
What does this "closed" mean?
Also - we used a national attorney for the BK. During that stint we had planned on keeping our home and were pretty much led down the path to believe that the only way we could do that was to reaffirm on the mortgage. We did that and then ended up losing the house a year later.
Since then, I have suffered a lay off from work - but have regained employment in a more profitable situation. Unfortunately, we did have to relocate for the new job - which has left my wife without a job now.
Any way - we are currently renting but would love to be able to build a house again - except be smarter about it this time. How long do I have to wait? What bank/mortgage company would touch me at this point? A year from now?
Aside from the foreclosure, we have had good standings from the credit stand point - or should I say we have had NO credit. At last check, our scores were in the high 690s...but yet, we can't qualify for anything.
When will this dreadful cycle end? We want o move on with out lives and we feel as if we can't yet.
OK -
We filed for Chapter 7 in October of 07. I think we were discharged in June of 08. Since I have been looking through these postings, I see a new date below some signature marked "Closed".
What does this "closed" mean?
Also - we used a national attorney for the BK. During that stint we had planned on keeping our home and were pretty much led down the path to believe that the only way we could do that was to reaffirm on the mortgage. We did that and then ended up losing the house a year later.
Since then, I have suffered a lay off from work - but have regained employment in a more profitable situation. Unfortunately, we did have to relocate for the new job - which has left my wife without a job now.
Any way - we are currently renting but would love to be able to build a house again - except be smarter about it this time. How long do I have to wait? What bank/mortgage company would touch me at this point? A year from now?
Aside from the foreclosure, we have had good standings from the credit stand point - or should I say we have had NO credit. At last check, our scores were in the high 690s...but yet, we can't qualify for anything.
When will this dreadful cycle end? We want o move on with out lives and we feel as if we can't yet.