A rough chapter. Not the last one.
Bankruptcy, foreclosure, short sale. Every program has waiting periods and I know them all. If you're past yours, we move. If not, I'll tell you when.
Overview
Life happens. Businesses fail. Medical emergencies. Divorce fallout. A credit event puts you on a timeline. Not off the board.
Every loan program has specific waiting periods after major events. The clock starts at discharge or completion. Some require years. Non-QM lenders with specialized programs can work much sooner.
I know every waiting period for every combination. Where you are today. What you qualify for now. What opens next. And if you need a credit strategy for the interim, I build that too.
What I Look For
How I Handle This
Understand the event. Map it against every program. Show what's available now and at each future milestone. If you're eligible, we move. If not, I build a plan and follow up when the window opens.
Questions I Get
How soon after bankruptcy?
Depends on chapter and program. Non-QM available sooner. I map your timeline.
Chapter 7 vs 13?
Different wait times. Chapter 13 sometimes shorter due to repayment structure.
Extenuating circumstances?
Medical emergency, job loss, natural disaster. If documented, some programs reduce the wait.
What do I do while waiting?
Clean payment history. Low utilization. No new derogatory items. Save for down payment. I give specific targets.
Programs with no wait?
Some non-QM lenders work shortly after discharge. Different terms. But the path exists.
Past a credit event and ready to move forward?
Tell me what happened and when. I'll tell you where you stand and when each program opens up.