getting a mortgage after a foreclosure qualify: Getting A Mortgage After A Foreclosure
- 05/16/11 03:09 PM
If you are looking to finance a home purchase after a Foreclosure, you will need to know some important details before making application. We will cover Short Sales and Deeds in Lieu of Foreclosure in another post First, it is important to know how lenders define a Foreclosure. Foreclosure: When a creditor (Lender/Bank) repossess/takes back a home that had a mortgage/note that was not being paid for a specified period of time. Once the Deed and Title to the property is reassigned to the Lender/Bank that held the note/mortgage on that property we have a Foreclosure. In some states … (2 comments)
If you are looking to finance a home purchase after a Foreclosure, you will need to know some important details before making application. We will cover Short Sales and Deeds in Lieu of Foreclosure in another post First, it is important to know how lenders define a Foreclosure. Foreclosure: When a creditor (Lender/Bank) repossess/takes back a home that had a mortgage/note that was not being paid for a specified period of time. Once the Deed and Title to the property is reassigned to the Lender/Bank that held the note/mortgage on that property we have a Foreclosure. In some states … (2 comments)
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