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i i have just recently came out of bankruptcy and need a heloc loan will i be able to get one

by machelle.herson112 from , . Jul 11th 2013 Reply


Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

Generally speaking you would be looking at a one to two year wait period from the date of discharge of the bankruptcy. That said, there may be a bank credit union (if you are already a member) which holds their own HELOC paper, and might be willing to assist you. That is not a sure thing, but only other possibility (providing your credit is still somewhat reasonable) would be to see about a credit card that might allow enough room to work.

Jul 11th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You will need to wait one to three years, and rebuild your credit.

Jul 11th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Too much info missing.. Typically, HELOC's are offered though your local bank, and they will always have the strictest guidelines, so you will probably need to wait 2-3 years before applying.. you might be able to get a loan in as little as 1 year if your looking to just refinance, but if your trying to pull cash out by either doing a HELOC, or a "Cash out Refinance", your going to have to wait 3 years.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 11th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Unfortunately not.

Jul 11th 2013
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Sharon Duffy (sduffy)
#71 ranked lender in Pennsylvania - 595 contributions

Unfortunately, there is a substantial waiting period after a bankruptcy or foreclosure.

Jul 11th 2013
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Brian Devlin (briandevlin)
#103 ranked lender in New Jersey - 12 contributions

What type of bankruptcy was it? Chapter 7 or 13? As another option a mortgage might work. Do you have one now. Contact me directly and I will see if you are located in PA, NJ, DE

Jul 11th 2013
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

Not this soon. There is a waiting period. How long a waiting period depends on the type of bankruptcy.

Jul 11th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

You will need to wait one to three years, and rebuild your credit

Jul 11th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Too much info missing.. Typically, HELOC's are offered though your local bank, and they will always have the strictest guidelines, so you will probably need to wait 2-3 years before applying.. you might be able to get a loan in as little as 1 year if your looking to just refinance, but if your trying to pull cash out by either doing a HELOC, or a "Cash out Refinance", your going to have to wait 3 years.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 11th 2013
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