Location: Michigan
Submitted 09/18/12 03:50 PM

Q. My name is Grace Culver, i advertise Real Estate so I am not familar with the in/out of foreclosure. I had a customer pose a question that i could not answer so I thought I would run it by the experts. This customer had a foreclosure five years ago in Michigan and would like to buy again. Foreclosure was due to a adjustable interest rate that made her basically abandon the home. What are the chances of her getting another mortgage.

 

Answer #1
Submitted 09/18/12 04:36 PM
Eric Michael, Metro Detroit Real Estate Professional 734.564.1519 (Remerica Integrity, Realtors®, Northville, MI): Agent in Livonia, MI Eric Michael, Metro Detroit Real Estate Professional 734.564.1519 (Remerica Integrity, Realtors®, Northville, MI)
Agent
Livonia, MI

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A.

Chances are pretty good. Have them contact a lender to find out for sure.
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