Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Buying a house after Bankruptcy

This is a sticky topic.
  • Filter
  • Time
  • Show
Clear All
new posts

  • Just want to make a note that Veterans United isn't bankruptcy friendly and don't use them for a VA loan.
    Filed Ch 7 8/12/10
    341 Meeting 9/15/10
    Discharged 11/15/10


    • Hello, just completed my Chapter 13 (100% payoff) and have a job offer to relocate to California. I have not had any chance to rebuild my credit as of yet. Where would I look to for pre-qualification for Northern California
      Chapter 13 - Filed 11/07 Discharged 5/13... finally


      • Working with a smaller bank right now on a refi- will let ya'll know how it goes.

        He seems to think he can do this. He agrees with Mercer that the date of the BK- not the date the bank sells.

        Fingers crossed!
        All posts are opinion only- I am not an attorney.


        • Can someone PM me for a broker in Southern california? I want to purchase a house that costs $260.00. I have the 20% to put down. I filed for BK in June 2010 and discharged August 2010. I included an investment home which foreclosed in Feb 2011. Is it possible to buy a home now?


          • Hi All,
            We are about 17 mos. out from our CH7 discharge. We also have a foreclosure that occurred prior to our BK filing. Our home was resold in Dec. 2010 by the bank. My question is...since our foreclosure happened prior to the BK filing, will we be able to start looking for a new home in January 2014? We are saving up as much as possible for a down payment, but don't know that it will be 20%. Our FICO scores seem to be improving little by little. I think they are in the mid 600's currently. Any advice on finding mortgage brokers/banks when the time comes?


            • You don't need 20% down, go to FHA and they require 3.5% down. They require 2 years after bk discharge...You should have at least 3 credit lines established post bk, and you need to show perfect credit history for 2 years post bk. Get some credit cards, even if they are secured and make regular on time payments, and keep your balances down.


              • Originally posted by denisec View Post
                You don't need 20% down, go to FHA and they require 3.5% down. They require 2 years after bk discharge...You should have at least 3 credit lines established post bk, and you need to show perfect credit history for 2 years post bk. Get some credit cards, even if they are secured and make regular on time payments, and keep your balances down.
                it's still up to the discretion of the lending institute and most are not lending with exception of lucky few. i have seen people out of bk 5 years perfect record, charge cards ...seen people with more than 20% down and still can't get the loan. i actually saw someone with more than 50% down and still couldn't get a loan.
                8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! and all are welcome to bk forum's Florida State Questions and Answers on BK


                • Originally posted by marcer View Post
                  I don't know what FHA rep you spoke to or from what center. I've called in to question a guideline which was questionable and can tell you that a few of them just read from the 4155. And as mentioned earlier...some lenders do have overlays which limit their risk of buy backs by adding additional requirements to the guidelines. Couple this with the fact many loan officers have been in business less than 5-9 years, and are only familiar with FHA the last 4 years. Some un-educated loan officers actually call FHA the new subprime.

                  I would most certainly start the pre-approval process. It will at least give you a clearer idea than posting on this board and potentially receiving mis-information.

                  Just keep this in mind. It will not be easy, it will not be a walk in the park, you will get frustrated, you will feel like the lender is asking for two much, but you very well may be a home owner again.

                  I mentioned yesterday, that one of my recent clients was in a similiar situation. BK in 2010 with included 1st and 2nd included. Bk seasoned through 02/2012. Pre-approved 02/2012 with 635 midddle credit score. Offer made on new home 03/2012. Loan approval issued 03/2012 with 2% down----special program, also approved 203b with 3.5% down. Final Clear to Close issued 03/2012 and borrower will move in early 04/2012.

                  I don't tell the story above to boast or prove everyone wrong...I tell it because it's true and you have the potential to realize the same opportunity

                  It's awesome to know that you can give us all good news about owning a home after BK. When possible, please let me know if you recommend any lendor/realtor in my area that specializes in these type of home loans. Thanks.


                  • My home was destroyed in the May 20th, OKC/Moore tornado. I paid the reminding mortgage with the insurance check & have over $50,000 in savings for rebuilding. I was discharged from Chapter 13 in May 2012. I am completely frozen, lost and terrified about applying for a new loan. (Not exactly sure why) I need suggestions of who to approach about a new loan, etc. Thanks


                    • It is 2 years- for PFHA.
                      Discharged- pro se- chapter 7~!


                      Unconfigured Ad Widget