Buying Real Estate After Bankruptcy
First, lenders like to see four to five years of good credit after a bankruptcy is resolved. However, there are instances where lenders will finance with two years of good credit. As an example, a bankruptcy created by a medical emergency where the individual previously had good credit.
Second, lenders want to know why you have gone bankrupt. There’s a substantial difference between a bankruptcy that is caused by reckless financial habits and simple financial disasters — a car wreck, medical costs, the plant closed after 30 years, the town was underwater for three weeks, etc. In other words, not every bankruptcy is a by-product of financial negligence.
For specifics, contact several lenders and discuss your situation.

