Mailbag: Loans for People with a Previous Bankruptcy, Short Sale, or Foreclosure

Scenario / Question:

“Hello ARC Capital”,

I am trying to find ways to help some of my clients…

Some of my clients are probably ready to buy at this time. Others have had a foreclosure, short sale and /or bankruptcy in the past 1,2,3 years.

I do not know if there is a possibility for them. Could you please help me and my clients get some information and possibilities and/or hope?

Thank you for your attention.”

(Submitted by a real estate agent)

Answer:

6 Ways to Refinance Your Home After Bankruptcy

bankruptcy, ch 7, ch 11, bk, refinance after a bankruptcy, mortgage loans

“Failure is the opportunity to begin again more intelligently.”    – Henry Ford

It’s no secret that a bankruptcy is one of the worst things that can happen to your finances and credit history.

So that’s the bad news…