foreclosure: Homebuyer Life after a Foreclosure
- 08/16/11 09:37 AM
There is home buyer life after a foreclosure. Having gone through that experience does not mean that you are forever banned from buying a home. In fact, such an experience might make you a better homeowner candidate. Mainly because you have become aware of the factors that may have gotten you in trouble in the first place, and now you know what to avoid. The two main items that lenders require after someone has gone through foreclosure is that 1) you wait the obligatory amount of time: three years if you had an FHA loan and seven years if you had … (2 comments)
There is home buyer life after a foreclosure. Having gone through that experience does not mean that you are forever banned from buying a home. In fact, such an experience might make you a better homeowner candidate. Mainly because you have become aware of the factors that may have gotten you in trouble in the first place, and now you know what to avoid.
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