Posted on: 22nd Apr, 2012 01:17 pm
I am interested in taking over my mothers mortgage. We bought the house together in 2000. In 2003 she refinanced and took my name off the mortgage but kept my name on the deed. My husband and I just filed bankruptcy because of bad auto loans that we shouldn't have done.
We make about 110,000 combined and have been at our jobs over 15 years.
My question is realistically when will be able to take over the mortgage?
We make about 110,000 combined and have been at our jobs over 15 years.
My question is realistically when will be able to take over the mortgage?
The waiting period to get a home mortgage loan after bankruptcy is 3 to 4 years. Once that time period is over, you can take over the mortgage of your mother.
Hi Indigosweet!
Welcome to forums!
If you have filed bankruptcy, then you will have to wait for 2-4 years depending upon the type of bankruptcy you filed and then apply for a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you have filed bankruptcy, then you will have to wait for 2-4 years depending upon the type of bankruptcy you filed and then apply for a mortgage.
Feel free to ask if you've further queries.
Sussane