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FHA Loan After Investment Property Foreclosure

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Joe B

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Post Posted: Tue Feb 22, 2011 7:20 pm    Post subject: FHA Loan After Investment Property Foreclosure
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I had an investment property go into foreclosure in January 2009. However, I have never been late on my home mortgage. How will this effect me purchasing a new primary residence? Will I be able to qualify for an FHA loan?
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Post Posted: Tue Feb 22, 2011 10:18 pm    Post subject:
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you will have to wait until Jan 2012 to be eligible
it is a 3 year wait for foreclosure with fha

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Post Posted: Tue Feb 22, 2011 10:34 pm    Post subject:
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Hi Guest!

Welcome to forums!

After a foreclosure, you'll have to wait for 3-4 years in order to qualify for a mortgage to buy a new home.

Feel free to ask if you've further queries.

Sussane
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