home: When can I buy another house after foreclosure?
- 01/12/12 04:16 AM
If it hasn’t happened to you, surely a friend or family member has had the unpleasant experience of foreclosure. One of the most common questions I receive is, “When can I buy another house after foreclosure?” Yes, it is possible to buy another home after foreclosure, maybe sooner than you think. But it takes patience and planning. FHA guidelines require a waiting period of three years from the date of the foreclosure before you are eligible to buy again. This will give you time to rebuild your credit. Remember, the underwriter will want to see that you have reestablished … (2 comments)
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Hal Tennant
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If it hasn’t happened to you, surely a friend or family member has had the unpleasant experience of foreclosure. One of the most common questions I receive is, “When can I buy another house after foreclosure?” ;)
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