I appreciate the comment about FICO scores. My economically challenged brother who at the age of 50 already has 2 bankruptcies on the record says now that his credit score looks decent he’s going to buy another house. I’m upset because he and his wife live with my 80 yo mother and it sounds like he’s talked her into selling her house (she’s owned free and clear since the 70’s). I told him that money needs to go into a trust for her, but he wants to use it for the downpayment for is next house (where she will live out her life).
There are so many issues here but my husband says “relax, no one is going to give him a mortgage”. My questions is, can someone who has lost 2 houses to bankruptcy in the last 20 years really get a mortgage?
