Foreclosure restricts future home financing

CREDIT SCORES

Potential buyers with a recent foreclosure may want to make sure they can get a mortgage before jumping back into the market. New federal guidelines generally call for a five-year wait, a 680 FICO score minimum, and the ability to make at least a 10 percent deposit.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n3-052808.cfm