I bought a house in 1994 with my partner, things went wrong and I had to get the house repossessed, that was in 1996. Does this mean I can never get a mortgage ever again.
2007-07-21 03:04:05 · 8 answers · asked by linzi h 2 in Business & Finance ➔ Renting & Real Estate
No, that would only stay on your credit record for 6 years. Try going to the equifax website, they're doing an offer where you get a months free access to your credit report. You can see whether its still there or not, it should be gone by now though.
2007-07-21 03:07:54 · answer #1 · answered by keiraebony 3 · 0⤊ 0⤋
Ask greater questions - i'm very suspicious of this for reasons given later. that's real that once your place is repossessed and offered and there remains an unpaid stability then you definitely are reliable. you will desire to have been informed of this quantity as technically you retained a proprietary interest. many times there's a private loan protection coverage which will pay this stability off yet, even then, technically the insurance enterprise has a staggering of restoration against you (yet they do would desire to tell you this). If none of those notifications have been sent to then you definitely the 6 year rule probably does be conscious yet you will desire to get criminal suggestion. As to the employer - funds owed could be offered by one creditor to a distinctive (novation) and you won't be waiting to sidestep this - it relies upon on the unique very own loan contract. even although that's common that the recent proprietor of the debt advises the debtor (and the FSA insist in this as stable prepare to sidestep later disputes). yet possibly the employer isn't a debt employer as such yet a collections employer - ask them for his or her authority to behave and what observe you have been meant to have been given initially of the £15k supposed to be owed - the unique request for the full debt isn't in all probability stable sufficient. even if happens get a solicitor, debt administration employer or voters suggestion bureau to help with this - that's unusual as defined.
2016-10-22 06:18:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
A 1996 foreclosure will have long dropped off of your credit record by now. That type of negative information stays on your record for 7 years. It would have dropped off in 2003 sometime.
If your credit has been clean since the foreclosure you may be pleasantly surprised where you sit by now. Pull your credit report and have a look. You can get a truly free copy through http://www.AnnualCreditReport.com although it will cost you a few dollars if you want your credit score as well.
2007-07-21 04:01:47 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
I guess it all depends on where you live and what the law is. I think you would be eligible again after 10 years. Check with a mortgage broker.
2007-07-21 03:07:50 · answer #4 · answered by BigBird 2 · 0⤊ 0⤋
I'm not sure but I'm sure there is somebody you can talk to, like a realeste person. When you do buy a house or just go the their office. Hope I helped!
2007-07-21 03:13:18 · answer #5 · answered by Hales 2 · 0⤊ 2⤋
No, if you've not been in debt since, forget to mention it on a future application, I doubt after this time it will show up.
2007-07-21 03:07:39 · answer #6 · answered by ALLEN B 5 · 0⤊ 1⤋
no there company out there such as gemac there more common name is ford who i am sure would be happy to deal with your self as long as you have no other faults within the last 5 years
2007-07-21 03:38:25 · answer #7 · answered by cfcalways 1 · 0⤊ 2⤋
no it doesn't, quite a time has lapsed and providing you can show you have a good credit rating you'll be ok
2007-07-21 03:08:20 · answer #8 · answered by Anonymous · 0⤊ 0⤋