A person, firm, or corporation (debtor) that, through a court proceeding either through Chapter 7, 11 or 13, is relieved from the payment of some or all debts, usually after the surrender of all assets to a court-appointed trustee or after the reorganization of the debtor's assets and liabilities. Usually, at least two (2) years must elapse from the discharge of the bankruptcy before lenders will consider making a loan to someone who has declared bankruptcy.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
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