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We had a foreclosure in may 2007.
We have no debt and credit score above 700.
To purchase a house, we offer to pay cash 60% and were looking to finance 40%.
We are told that we cannot qualify for mortgage even with a large down payment as the foreclosure is not three years old, is tis correct??

Realgeni's picture
Realgeni | Joined: April 13, 2009 08:03 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

You will need to wati for atleast 4 years before gettign a new mortgage

Good luck and feel free to ask

Like | Dislike | Share | Posted: Sun, 08/23/2009 - 19:20 | Post subject:

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