Home Buying Assistance Programs in Tampa, FL

Experienced Debt Relief Help in Tampa, New Port Richey & St. Petersburg

Are you concerned that you will be unable to buy a home after filing for bankruptcy? Declaring bankruptcy can be a frightening undertaking, especially when you have a plan to purchase a home in the future. Although it may take some time, we encourage you not to lose hope! With preparation, patience, and planning, you will likely be able to purchase a home in the future.

Bankruptcy has become so prevalent and accepted that there are many mortgage companies that specialize in providing home financing for individuals who are in or have recently completed a bankruptcy.

The Tampa bankruptcy lawyers at Debt Relief Legal Group work closely with these mortgage companies and can act as a liaison in the event you seek to refinance or purchase a house. We can even handle the closing and make the process easy for you.

Home Ownership After Bankruptcy

Shortly after your bankruptcy is completed, you may qualify for a home mortgage with favorable rates if you can demonstrate a stable work history and positive credit reporting since the filing of your case. We can also show you how you can use the equity in your home to “buy out” of your current Chapter 13 consolidation plan.

Here are some tips for pursuing the purchase of a home after bankruptcy:

1. Understand the chapter of bankruptcy you filed under
2. Check your credit score
3. Create a down payment savings plan
4. Calculate how much you can afford for a house
5. Live within an established budget
6. Apply for a mortgage

Credit Recovery Program

Once your bankruptcy is completed, we will send you a package with information about how to reestablish your good credit. With our help you can expect to restore your credit to a favorable rating within about two years or less.