Letters

Regarding “Credit Problems Delay Family’s Dream” by Alison B. Cohen (July 14): I have no idea whether anyone gave Angelo and Kathy Bell advice between 1996 and 1998, but if so, it was lousy advice.

They lost their car due to a job loss that was medically related, therefore they could have legally, and I think morally, declared bankruptcy. Not only that, but since the bankruptcy was related to medical problems, which would be considered circumstances beyond the buyer’s control, the Bells could have bought that same home at a low interest rate for far less two years ago, through FHA financing, and been in better shape today.

FHA allows a buyer to purchase a home 24 months after a bankruptcy is finalized and sometimes 12 months after finalization, if the bankruptcy was due to circumstances beyond the buyer’s control.

JOSEPH R. WACHTER

Laguna Hills

Wachter manages JRW Mortgage.