Can somebody with Bankruptcy still get Refinancing

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Can Somebody with Bankruptcy Still Get Refinancing?

The possibility of a borrower getting refinancing after bankruptcy is different than those who have low or limited credit scores. In today's environment, getting mortgage financing after a bankruptcy is probably going to be difficult unless there were some circumstances beyond the borrower's control that led to the bankruptcy. An example of this could be a divorce.

A few years ago there were lenders that are not only willing, but are actually in the business of working with borrowers that have low credit scores, as well as those that had filed Chapter 7 bankruptcy, Chapter 11 bankruptcy, and Chapter 13 bankruptcy.

All this has changed since the so called "Credit Crunch." It's possible that with time, this market will emerge again.

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