I have a foreclosure on my home surrounded by 2007. Can I get hold of a mortgage again?
Answers:
in this bazaar, usually no. Please read this article for more information: http://www.washingtonpost.com/wp-dyn/con…
Unfortunately, it is highly unlikely that any wall will finance a home loan for you so soon after a foreclosure. Right now, you should concentrate on rehabilitating your credit rating by paying bills prompt and using credit wisely. The foreclosure will stay on your credit report, but if you can show that you can handle your finances within a responsible manner for a few years, you can probably qualify again in a few years.
You can but you will be limited. I would recommend a owner financed loan.
That's going to be on your credit report for a very long time. It's going to take a huge down expenditure for a lender to want to take you on. Higher interest rate too.
Who contained by this market do you really think is going to trust you beside thousands of dollars after you failed to pay on the first one? Take the time to build up your credit and reputation first, let say at least 3 years. Look at it this approach if you loaned your friend Bob $5000 dollars and he stiffed you 6 months later if he asked for another $5000 would you give it to him? Somehow I doubt it do younot believe banks are the same agency?
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