---

Mortgage after Foreclosure

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Rainy1956 Guest	Posted: Wed Jun 15, 2011 1:14 pm    Post subject: Mortgage after Foreclosure Like 0 Dislike 0 I was told I had to wait 3 years from when someone took over the mortgage which was June 09, not the actual foreclosure date which is April 2008. Do I have to wait the full 3 years or can I look to purchase a home in 30 months. My credit scores are good. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Wed Jun 15, 2011 3:42 pm    Post subject: Like 0 Dislike 0 If you had a foreclosure closed in April 08, then you would be ok right now, as its been 3 years. You would have to have 3 established trade lines for 12 mos minimum and you would need to have stable, verifiable income covering last 2 years. What state are you looking to purchase? _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
jameshogg Joined: 20 Dec 2005 Posts: 10475 Location: Nevada 989.76 Dollars($)	Posted: Wed Jun 15, 2011 9:33 pm    Post subject: Like 0 Dislike 0 Hi Rainy, You will have to wait for 3 years after the foreclosure had taken place and then apply for a mortgage. As 3 years have already passed, you should contact the local lenders and apply for a mortgage. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0