Wednesday, November 26, 2008

My Spouse Had a Bankruptcy - Can I Get a Loan?

Q: If someone's spouse has had a bankruptcy, does that affect the length of time before they can buy a house?

A: Not necessarily. If both people are going to be on the note (the loan), then it does. If the couple can qualify for a loan with just the income of the person who did not have the bankruptcy, then they can get a loan in just that one person's name.

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