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foreclosure FHA loan

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click_click_pull Joined: 13 Apr 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Apr 13, 2010 11:11 am    Post subject: foreclosure FHA loan Like 0 Dislike 0 My husband had an FHA loan that was foreclosed on in 2006. They sold the home but take our yearly taxes to pay the difference. My name was not on the loan. Would it be possable in the next 2 to 5 years to buy a new home, or is our credit too messed up from the FHA foreclosure?
jameshogg Joined: 20 Dec 2005 Posts: 10443 Location: Nevada 984.98 Dollars($)	Posted: Tue Apr 13, 2010 10:19 pm    Post subject: Like 0 Dislike 0 Hi, As your name was not on the mortgage, you would be able to qualify for a loan even now if you've a good credit score, stable income and debt to income ratio. If you do not have too much of negative items on your credit report, you'll be able to qualify for a FHA loan or a conventional loan. Thanks

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