Buying a House After Bankruptcy? How Long to Wait and What to Do

Securing a home loan and buying a house after bankruptcy may sound like an impossible feat. Blame it on all those Monopoly games, but bankruptcy has a very bad rap, painting the filer as someone who should never be loaned money.

The reality is that of the 800,000 Americans who file for bankruptcy every year, most are well-intentioned, responsible people. Life has thrown them a curveball, however, that has left them struggling to pay off their past debts.

Sometimes, filing for bankruptcy is the only way out of a crushing financial situation, and taking this step can really help cash-strapped individuals get back on their feet.

And yes, many go on to buy a home eventually, despite the challenging credit score that results from bankruptcy. But how? Being aware of what a lender expects after a bankruptcy will help you navigate the mortgage application process efficiently and effectively.

Here are

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Home Depot Has Long Dominated America’s Newest Pastime: Home Improvement Projects

It all started with a firing—a very foolish one.

In 1978, Bernie Marcus and Arthur Blank were executives at Handy Dan, a home improvement chain based in Southern California. Despite the business being very profitable, the pair had begun to tinker with a new idea. By lowering prices, they found, the stores’ volume shot up, making Handy Dan even more money. The executives had planned to implement that strategy systemwide, but they never got the chance. Corporate raider Sanford C. Sigoloff—who liked to call himself the “Skillful Scalpel”—took over the company, and deciding to save himself two salaries, got rid of Marcus and Blank.

That one decision probably prevented Handy Dan from becoming America’s home improvement leader. Instead, that honor would go to a place called The Home Depot.

Recruiting investment banker Ken Langone and retailer Pat Farrah, who’d run National Lumber and Supply Company, Marcus and Blank opened up

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August New Home Sales Confirm That The Long Leading Housing Sector Has Been Surging


Housing is a long leading indicator for the economy overall; i.e., it typically peaks over a year before the economy does as a whole, and is also usually one of the first sectors to rebound during a recession.

Thursday morning’s report on August new home sales certainly fit that mold.

Near-15-year high in new home sales is strong confirmation that the long leading housing sector has been surging

As I wrote last week, when housing starts and permits were reported, historically, interest rates have led housing sales and starts, which in turn lead prices, which in turn lead inventory.

Here’s the updated look at mortgage interest rates since the beginning of 2011, measured YoY, vs. single-family housing permits (the least volatile metric), also measured YoY:

Thursday morning the Census Bureau reported new home sales for August. There are two important facts about new home sales:

1. They are the

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Here Is The Cheapest House For Sale In Long Valley

LONG VALLEY, NJ – This is the best deal for an affordable home in the area.

a large lawn in front of a house

© Photo courtesy of

  • Address: 3 Youngman Dr, Washington Township, New Jersey
  • Price: $354,900
  • Square Feet:
  • Bedrooms: 3
  • Bathrooms: 1 Baths
  • Built: 1964
  • Features: This is the home you’ve been waiting for! Charming, well maintained Ranch features 3 Brs, 1 FBath, large remodeled kitchen w newer appls. Full finish-able bsmnt w Laundry Rm & plenty of storage space – Attractive setting/situated on a Cul-De-Sac on a wonderful neighborhood, desirable Valley section of town. This large property is in a picturesque wooded lot with a beautiful deck/patio & a private back yard. Home boasts public utilities, hardwood flrs, freshly painted, brand new furnace & radon system in place. One car garage & driveway with ample parking. Short distance to shopping, restaurants, parks, schools & historic Chester downtown with quaint, brick lined streets, preserved historic
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