homeowner: Recovering From Foreclosure - 08/20/08 12:25 PM
The post-foreclosure requirements have recently changed to qualify for a new mortgage.  However, there is life after a foreclosure!  FHA loans only require 3 years to have passed unless an exception is granted based on extreme circumstances which vary on a case by case basis.  Fannie Mae/Freddie Mac now requires 5 years to have passed with restrictions up to 7 years.
Here is what you can do to be in the best shape to buy another home after a foreclosure. 
•·         The biggest problem I see is that creditors do not report the data correctly to the credit bureaus.  Very often, a … (0 comments)

 
Gary Parkes (Guaranteed Rate, Inc.)

Gary Parkes

Decatur, GA

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Guaranteed Rate, Inc.

Office: (404) 936-5601

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