Bankruptcy

Chapter 13 bankruptcy operates as a plan to repay your debts. When filing for chapter 13 bankruptcy you are submitting a plan that details how you will repay certain debts, either in full, in part, or not at all, depending on how much you can afford. In such cases you don’t lose rights to your property, since the strategy tomake mortgage payments is included in your repayment plan.
Borrowers should be cautious when filing for bankruptcy because of the consequences that go with it. Your credit score will take a hit, and getting approved for mortgages, loans, or even credit cards in the future will become very difficult.

FREE CREDIT SCORES From All 3 Bureaus
Do you know what's on your credit report?
Learn what your score means.

FHA.com Reviews
FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!