A legal proceeding in a federal court under Chapter 7, 11, 13 in which a debtor who owes more than his or her assets can seek and possibly receive debt relief by transferring his or her assets to a trustee or agreeing to reorganization of assets and liabilities. Usually, at least two (2) years must elapse from the discharge of an individual bankruptcy before lenders will consider making a loan to someone who had 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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