My boyfriend is losing his house. Will he still be able to get another house after his house is foreclosed on? He's only 23 years old.
2006-11-28 02:45:30 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes you can it you find someone to help you with your credit. Go to this web page that can help you.
www.fdirep.com/runningover click on the video
2006-11-28 05:08:46 · answer #1 · answered by Stephanie A 1 · 0⤊ 0⤋
A foreclosure event is the worst thing to ever have ony our credit record. There are various pre-foreclosure measure he should try to negotiate with the bank:- a short sale (sell the property at break even and have all proceeds go to the bank), a deed in lieu of foreclosure or a forebearance (this is a payment scheme agreed to by the bank).
2006-11-28 04:12:54 · answer #2 · answered by boston857 5 · 0⤊ 0⤋
It will take years to get that off his credit report. Avois foreclosure by re-financing or selling or whatever
2006-11-28 03:15:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋