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buying a home in KY after deed in lieu

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Icon Mini Profile nabeela7860





Joined: 15 Apr 2010

Posts: 1

1.29 Dollars($)
Post Posted: Thu Apr 15, 2010 3:48 pm    Post subject: buying a home in KY after deed in lieu
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How long do i have to wait to buy a home after deed in lieu. I signed a deed in lieu back in December of 2007. I had to do it because of job change to another state.

Now, I am making 250000 a year and my credit score is 718. Quick response will be appreciated..
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10020
Location: Alaska
917.78 Dollars($)
Post Posted: Thu Apr 15, 2010 9:13 pm    Post subject:
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Hi nabeela!

Welcome to forums!

You will have to wait for 3-4 years after a deed in lieu of foreclosure in order to get a mortgage. As you've a good credit score, I would suggest you to contact few lenders and check out if you would be able to get a loan. However, I feel that though you get a mortgage, you may have to pay a higher interest rate.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile pgtaylor81





Joined: 16 Apr 2010

Posts: 2

1.63 Dollars($)
Post Posted: Fri Apr 16, 2010 1:06 pm    Post subject: maybe we can help
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My firm gets potential home buyers information out to numerous lenders and we would be happy to help you please visit www.americanmortgagemarketing.com/1249 to get started.

Best Wishes
P.G. Taylor
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