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Why does the process take so long and....

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footprinz Guest	Posted: Sat Dec 23, 2006 10:08 pm    Post subject: Why does the process take so long and.... Like 0 Dislike 0 how soon after a deed in lieu of forclosure can you get another mortgage on a less expensive home?
mcole Community Expert Joined: 11 Oct 2006 Posts: 53 18.36 Dollars($)	Posted: Sun Dec 24, 2006 8:14 am    Post subject: Like 0 Dislike 0 Some lenders will do it immediately. But your interest rate is going to be extremely high. And your down payment requirement will also be high. _________________ Loans: Investors, Residential, Commercial - All States
sara Moderator Joined: 05 Jul 2006 Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($)	Posted: Sun Dec 24, 2006 9:16 pm    Post subject: RE: home loan after deed-in-lieu Like 0 Dislike 0 Hi Guest, Welcome to the forums. A deed-in-lieu is mentioned on your credit report as a negative item and stays on it for about 7 years. Wiithin this time period, you may qualify for loans but lenders are likely to charge you a higher interest rate. Thanks, Sara _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
Mac_7 Guest	Posted: Tue Dec 26, 2006 4:54 am    Post subject: Like 0 Dislike 0 You can get loans within a year but you need to look out for the right lender.

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