Are bank owned/ foreclosure properties really a great deal?
They can be, but buyers beware! Make sure to get an independent home inspection and understand that the condition of the property is NOT warrantied by the seller (the bank who owns it) or the Real Estate agent who lists it.
Can I purchase a home even though I have filed bankruptcy?
The short answer is YES! If you have filed chapter 7, you must wait two years after discharge and re-establish your credit with no late payments. You can apply for an FHA , VA, or RD loan if your are still in chapter 13 as long as you have court approval and all payments to the court have been made on time.