How soon after foreclusure can I buy another house?
Our house was foreclosed upon several years ago, before it was so easy to get refinancing. We're in much better shape financially now and I'd like to buy again. How can this be accomplished?
Public Comments
- 3 years. Foreclosure is not nearly as bad as bankruptcy. Good Luck
- Three Years , its not a good idea Check Out This http://www.flixya.com/blog/GOLDCash360/1/Mortgage
- you will have a job to get another morgage and if you do the interest will be sky high
- Usually it takes 2-3 years for a lender to work with you again. And I believe it takes 7 years for the foreclosure to fall off your report, but I could be mistaken on that. Either way, if it's been over 2-3 years and your credit is in good shape, you should be able to qualify, but if your credit was not rehabbed, I would focus on that first before you start applying. Know what your credit is, and look at websites like fha.gov and fha.com for program qualifications. Fha is more ilberal with credit, so it's something to look into, hope this helps and let me know if you have any more questions
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