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Guest

Hello
I had a forclosure 3 years ago and the second loan was a recourse loan will i ever be able to purchase again.. my credit score is 660 please advise

adonis · Posted: Sun Aug 22, 2010 9:31 pm Post subject:

Welcome Guest,

Though your property went through a foreclosure, you would be able to get a mortgage in the near future. After a foreclosure, you need to wait for 3-4 years in order to qualify for a loan. As 3 years have already passed, you should start contacting the local lenders and apply for a mortgage. With the credit score that you've mentioned, you will be able to qualify for a FHA loan.

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