2007-03-06 04:30:03 · 7 answers · asked by hrg_7387 1 in Business & Finance ➔ Renting & Real Estate
could be done............
don't recommend it........
but........seen it......
2007-03-06 04:44:03 · answer #1 · answered by m2 5 · 0⤊ 0⤋
Honestly, your credit score is probably shot, and along with that, most lenders want the previous foreclosure discharged. They also tend to want some time to pass, usually 2-4 years after the foreclosure was discharged.
You may be able to attain financing, but things have tightened up quite a bit in the last year as subprime companies continue to get hammered for offering risky loan programs.
Even if you do find financing, you'll be paying through your teeth, so be careful and think things through before you go through with it.
Learn more at http://www.thetruthaboutmortgage.com
2007-03-06 04:40:14 · answer #2 · answered by Todd S 3 · 0⤊ 0⤋
It can be done. I've seen it done. I've helped someone do it. Send me an e-mail and I will help you out. I currently work for a 16 year old mortgage lender/broker. That means if we can't give you a loan that we work with over 300 lenders so we will find you the loan program that works for YOU. Send me an e-mail and we can get started.
2007-03-06 05:09:03 · answer #3 · answered by Amber J 2 · 0⤊ 0⤋
Probably not. Why would you buy another house if you just got foreclosed on? Sounds like you need to rent for awhile so you can get back on your feet. Good luck.
2007-03-06 04:33:07 · answer #4 · answered by ? 4 · 0⤊ 0⤋
That depends on how long ago the forclosure was. Usually, it's a good idea to wait 2 years from your forclosure date.
2007-03-06 04:32:57 · answer #5 · answered by togashiyokuni2001 6 · 0⤊ 0⤋
I may be able to help. We may be able to do this. Contact me whenever possible.
513-860-2940 ext 10
msmith@premierloangroup.com
Martin Smith
2007-03-06 04:37:37 · answer #6 · answered by Martin S 1 · 0⤊ 0⤋
If you do you are gonna have an interest rate from hell
2007-03-06 04:39:25 · answer #7 · answered by Anonymous · 1⤊ 0⤋